Emerging economies like Brazil, Indonesia and India look more attractive. Key markets like Republic of Korea, Saudi Arabia, Australia and Canada can drive the growth of the market.
(PRWEB) February 05, 2014
According to the new market research report, the "C4ISR Market (Command, Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance, Land Systems, Airborne Systems and Naval Systems) Forecasts 2014 - 2019", C4ISR market is estimated to be $83.13 billion in 2014 and is expected to register a CAGR of 2.28% to reach $93.04 billion by 2019.
Browse 71 tables and 76 figures spread through 181 pages and in-depth TOC on "C4ISR Market - Forecasts 2014 - 2019."
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This report provides a market analysis of the global C4ISR market over the next five years. It provides an in-depth analysis of drivers, challenges, and restraints impacting the industry. It also discusses about the industry, market, and technology trends that are currently prevailing in the global C4ISR market. It tracks, analyzes, and lays out the market size of the major defense spenders in each region and provides market share by sub-category i.e. C4 and ISR. The report also analyzes the market share by procurement, integration, and maintenance. It provides information about the leading competitors in the global C4ISR market and apart from a general overview of the companies; it also provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of C4ISR architecture, platform, geography, country, forecasting revenues, market share, and analyzing trends in each of the sub-sectors.
The continued requirement for integrated solutions and interoperability will be the driving factors for the global C4ISR market. Joint ventures have played a significant role in winning C4ISR contracts across the defense industry. Austerity leading to defense budget cuts are said to continue at least till 2016 in two major western markets, namely 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 like Turkey, Indonesia, Australia, and Brazil. 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 a competitive advantage.
Airborne systems will have the highest CAGR across all platforms and will account for 40% of the market share in the forecast period. There will be an increasing demand in UAVs, Sensors, Synthetic Aperture Radars, Mobility Solutions, Biometrics, Geo-spatial Solutions, and Cyber security. Unmanned systems will present a large growth area for C4ISR technology.
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