Global C2/C4ISR systems market which is around US$91.5 billion in 2013 is expected to reach US$94.4 billion in 2023.
(PRWEB) October 16, 2013
Global C2/C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) market is expected to grow at a CAGR (compounded annual growth rate) of 0.32% in the next 10 years. This will lead to increase in overall C2/C4ISR market from US$91.5 billion in 2013 to US$94.4 billion by 2023. The report predicts that cumulative global expenditure on C2/C4ISR systems will be to the tune of US$1,030.6 billion in the ten years from 2013 to 2023.
Key C2/C4ISR markets, like the US, are expected to prioritise their C2/C4ISR spending. This is the result of the recent wars in Afghanistan and Iraq where these assets were pivotal for both tactical and strategic operations.
The report also mentions that the expenditure in C2/C4ISR is not expected to rise steeply over the next decade due to the withdrawal of US forces from Afghanistan.
North America is expected to account for 64.2% of the global C2/C4ISR market, Europe to 16.2% of the market and Asia to 12.5% market share over the forecast period.
Land-based systems are expected to have a dominant position in the C2/C4ISR market, accounting for 61.7% of the total market. Airborne systems and space-based systems will account for 18.8% and 15.5% of the total market, respectively.
The biggest defence spenders in each region will be the leading markets for C2/C4ISR systems. This includes the US in North America, the United Kingdom, Russia and France in Europe and India, China, Australia and South Korea in the Asia region.
Spanning over 237 pages 74 tables and 113 figures, “The Global C2/C4ISR Market 2013-2023” report presents an in-depth assessment of the Global C2/C4ISR market from 2013 till 2023.
In addition to covering the Global C2/C4ISR market size and drivers, industry trends, recent developments, challenges, SWOT analysis, country analysis, major C2/C4ISR programs and competitive landscape the report also presents Global C2/C4ISR market strategic insights and forecasts from 2013 to 2023.
The report covers nineteen major C2/C4ISR industry players including Lockheed Martin Corporation, Boeing, Raytheon, CACI, L-3 Communications, Northrop Grumman Corporation, BAE Systems, SAIC (Science Applications International Corporation), Elbit Systems, Rockwell Collins, General Dynamics, Serco Inc, VT Milcom, ManTech International Corporation, Kratos Defense and Security Solutions, Harris Corporation, ThalesRaytheon Systems, Rheinmetall Defence and Saab.
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