Global C4ISR Market Expected to Reach $147.1 Billion by 2026

1
The report on the C4ISR Market provides a
detailed trend analysis from 2016 to 2026. It
discusses industry and technology trends
currently prevailing in the market,
along with drivers, restraints, challenges,
and opportunities that influence the growth of
the market. The C4ISR Market is projected to
grow from USD 119.9 billion in 2021 to USD 147.1
billion by 2026, at a CAGR of 4.2. The C4ISR
market is growing at a significant rate across
the world, and a similar trend is expected to
be observed during the forecast period. The
deployment of small, reliable, and
sophisticated C4ISR systems in a wide range of
applications has increased their demand across
the globe. Advancements in ISR technologies and
improvements in their manufacturing techniques
have led to reduced costs of these systems.
Enhanced defense and surveillance capabilities of
armed forces and law enforcement are the key
factors driving C4ISR market. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id1315 Based on platform, land
segment is estimated to lead the C4ISR market
from 2021 to 2026 and is projected to grow
further due to the increasing need of
multi-mission unmanned ground vehicles (UGVs)
for reconnaissance and target acquisition, and
increasing need of remote surveillance and
piloting, global automation and data management.
In January 2019, Canada's Government has awarded
three contracts total worth USD 621.5 million to
General Dynamics (GD) Mission Systems (Canada)
to support of the Canadian Army's Land command,
control, communications, computers,
intelligence, surveillance and reconnaissance
(C4ISR) system. Based on application,
Intelligence, Surveillance Reconnaissance (ISR)
segment is expected to lead the C4ISR market
from 2021 to 2026. Over the past few years, there
has been an explosion of activity in the
advancement of ISR technology for mission
critical data. In September 2020, Lockheed Martin
develops signals intelligence capabilities for
the Distributed Common Ground System, the Air
Forces intelligence, surveillance and
reconnaissance (ISR) system by using agile
development. In November 2020, L3Harris
Technologies has been awarded a firm-fixed-price
contract to missionize three new King Air 350ER
aircraft for the Canadian manned airborne
intelligence, surveillance and reconnaissance
(CMAISR) project. Based on solution, the market
for hardware is expected to lead the C4ISR market
from 2021 to 2026. This is due to increasing
demand of sensors for next-generation
2
airborne intelligence, surveillance and
reconnaissance system, need of 5G network for
faster wireless data transfer, demand of wired
communication devices underwater and subsurface
military applications, increasing demand of
tactical navigation systems for unmanned
platforms. In June 2021, The US Army selected two
companies to design and build prototype sensors
for its next-generation airborne intelligence,
surveillance and reconnaissance system. In
November 2020, Elbit Systems Ltd was awarded a
contract to supply the E-LynX Software Defined
Radio (SDR) solution for the combat battalion
level of the Spanish Army. Based on region, North
America is expected to lead the C4ISR market from
2021 to 2026. The US is the largest market share
for C4ISR in North America. The increasing
investment on C4ISR systems to enhance defense
and surveillance capabilities of the armed
forces, modernization existing military
platforms, critical infrastructure and law
enforcement agencies are increasingly using C4ISR
systems are key factors expected to drive the
C4ISR market in North America. Contracts were the
main strategy adopted by leading players to
sustain their position in the C4ISR market,
followed by new product developments with
advanced technologies. Many companies also
collaborated to set up special centers for the
research development of advanced C4ISR
technologies. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id1315 About MarketsandMarkets Marketsa
ndMarkets provides quantified B2B research on
30,000 high growth niche opportunities/threats
which will impact 70 to 80 of worldwide
companies revenues. Currently servicing 7500
customers worldwide including 80 of global
Fortune 1000 companies as clients. Almost 75,000
top officers across eight industries worldwide
approach MarketsandMarkets for their painpoints
around revenues decisions. MarketsandMarketss
flagship competitive intelligence and market
research platform, "Knowledgestore" connects
over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along
with market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441