US: A new report called ‘C4ISR Market (Command, Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance, Land Systems, Airborne Systems and Naval Systems) (2014-2019)’ by MarketsandMarkets, has revealed that the global C4ISR market is expected to register a CAGR of 2.28% to reach USD 93.04 billion by 2019. The report provides market analysis of the global C4ISR Market over the next five years. It contains the 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.
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 of the United States and the United Kingdom. The major 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 competitive advantage. Airborne Systems will have the highest the 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.
Source: Digital journal