C4ISR Market by Platform (Land, Naval, Airborne) Application and Region - Forecast to 2021
The command, control, communications, computers, intelligence, surveillance & reconnaissance (C4ISR) market is estimated to be valued at USD 93.80 Billion in 2016, and is projected to reach USD 110.78 Billion by 2021, at a CAGR of 3.38% from 2016 to 2021.
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The integration of C4ISR systems into existing platforms is driving the market. This ensures faster integration of the system to the platform and reduces associated costs. Various technological advancements in the market such as cyber-defense, combat systems, and wind shear technology, among others have led to the development of enhanced C4ISR systems.
On the basis of application, the C4ISR market has been subsegmented into intelligence, surveillance & reconnaissance; communications; command & control; and electronic warfare. The intelligence subsegment in C4ISR market is projected to grow at the highest CAGR during the forecast period.
On the basis of platform, the C4ISR market has been subsegmented into land, naval, and airborne. The airborne subsegment dominates the market in terms of market size, and is expected to continue its dominance over the next five years. However, the land segment in market is projected to grow at the highest CAGR during the forecast period.
On the basis of component, the C4ISR market has been subsegmented into EW hardware, application software, display consoles, communication networks, and networking technologies. The communication networks subsegment in market is projected to have the highest CAGR during the forecast period.
The APAC region is expected to exhibit the highest growth rate in the C4ISR market during the forecast period 2016 to 2021. The market growth in the Asia-Pacific region is attributed to the increased military spending in countries such as India and China. With geopolitical tensions in the South China Sea and border issues in multiple countries, procurement of C4ISR is estimated to increase across the region. China, South Korea, Japan, and Indonesia are the key growth countries in this region.
Key players profiled in the C4ISR market report include Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Rockwell Collins, Inc. (U.S.), BAE Systems (U.K.), and Northrop Grumman Corporation (U.S.), among others.
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