Global C4ISR market to exceed $94 billion by 2019, says market research firm
Research and Markets has announced the addition of a new report, C4ISR Market (Command, Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance, Land Systems, Airborne Systems and Naval Systems) Forecasts 2014 – 2019 to its offering.
“C4ISR Market (Command, Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance, Land Systems, Airborne Systems and Naval Systems) Forecasts 2014 – 2019”
The global market is expected to reach $93.04 billion by 2019
The report provides in-depth analysis of the C4ISR market, including information about current trends in the market with respect to geographies, countries, platforms, technologies and current market scenarios.
The research throws light on the current market trends, the drivers and restraints of this market, the challenges faced in the market and the opportunities that will impact the growth of this market, says Research and Markets in a news release it issued on April 17.
The new report analyzes the sub-segments of C4ISR; namely, Command, Control, Communications & Computers (C4) and Intelligence, Surveillance and Reconnaissance (ISR). It provides information about the trends of these two sub-segments across geographies and also provides information about the top spenders in the global C4ISR market.
The report also provides information about the technology roadmap, which underlines the emerging trends for the C4ISR market and highlights which technologies will dominate the market in future.
Information about the product life cycle, the cost of procurement, integration and maintenance of the C4ISR systems across geographic regions is also provided. The platform splits for airborne, naval, and land-based C4ISR systems. A brief description of C4ISR competitive landscape is offered.
Here are some of the report’s findings:
- The global market is expected to reach $93.04 billion by 2019;
- The continued requirement for integrated solutions and interoperability will be the driving factors for the global market;
- Joint Ventures have played a significant role in winning C4ISR contracts across the defense industry (e.g., Thales Raytheon Systems (TRS) acts as a prime contractor for large-scale NATO programs and offers integrated solutions to meet the requirements of network-centric environments;
- Austerity leading to defense budget cuts are said to continue until at least 2016 in two major western markets, the United States and the United Kingdom;
- The primary market players are from the United States and Europe; these players have the technical know-how and are now looking towards the emerging economies. Transitioning markets include most of the major emerging countries, such as Turkey, Indonesia, Australia and Brazil, with a maturing or transitioning C4ISR capability and anticipated aggregate spend greater than $500 million;
- The current trend of the market is its transition towards faster and efficient systems. The market requires more consolidation and integration of C4ISR systems across all platforms to gain competitive advantage;
- Overall mission effectiveness increasingly depends upon C4ISR systems and services, as modern warfare becomes more asymmetric in nature and thus increases the need for information gathering and subsequent sharing.