(I-BusinessNews.Com, April 28, 2021 ) According to the latest market research report on “C4ISR Market by Application (Communication, Command & Control, Computers, Intelligence, Surveillance & Reconnaissance, and Electronic Warfare), Platform (Land, Naval, Airborne, and Space), Solution, End User, and Region – Global Forecast to 2030″, The C4ISR market is projected to reach USD 157.9 billion by 2030, at a CAGR of 3.6% from 2019 to 2030.
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Based on application, the electronic warfare segment is projected to grow at the highest rate during the forecast period.
Based on application, the electronic warfare segment is projected to grow at the highest CAGR from 2019 to 2030. The growth in this segment can be attributed to the increased threats from various advanced naval systems and air defense systems. These systems have led to the requirement of various electronic protection, electronic attack, and electronic support systems for increasing survivability while operating in hostile areas.
Based on end user, the defense segment is expected to be the fastest growing end-use segment.
Based on end user, the defense segment is expected to be the fastest growing end-use segment from 2019 to 2030. Development of new C4ISR technologies and large-scale modernization have contributed to its growth. These include technologies such as secure communication systems, network centric warfare, new generation ISR systems, and electronic warfare systems. Requirement for information security for protection from various cyberattacks is another factor driving the defense end-use segment.
Land segment is projected to account for the largest market share during the forecast period.
Based on platform, the land platform segment is projected to have the highest market share of the C4ISR market from 2019 to 2030. C4ISR systems for land forces include air defense systems, communication systems, and electronic warfare systems for force protection. Land-based systems integrate and interact with airborne and naval systems, which provide new possibilities to enhance tactical capabilities. Land-based C4ISR act as mobile information systems, wherein the information is collected from military headquarters and data is shared with soldiers on the battlefield. The growth of the land segment can be attributed to the need for situational awareness in battlefields, accuracy in navigation and connectivity, increase in regional conflicts, and modernization of militaries.
The electronic warfare segment is projected to grow at the highest CAGR during the forecast period.
Based on application, the electronic warfare segment of the C4ISR market is anticipated to grow at the highest CAGR from 2019 to 2030. Electronic warfare systems are used for various electronic attack, electronic support, and electronic defense missions. Electronic warfare systems provide the capability to operate in hostile environments by securing various air defense systems. The electronic warfare segment is expected to witness significant growth in the near future owing to the various advancements in electronic warfare systems. The increasing procurement of electronic warfare systems due to the growing transnational and regional instability across the world is expected to drive the market for electronic warfare. The rising use of electronic warfare technologies for geospatial intelligence gathering is expected to further drive the electronic warfare market during the forecast period.
Key Market Players
Lockheed Martin (US), Raytheon (US), Rockwell Collins (US), BAE Systems (UK), Thales (France), Leonardo (Italy), Elbit Systems (Israel), and Northrop Grumman (US).
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