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The global C4ISR market reached a value of US$ 111 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
C4ISR refers to a collection of Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance systems, which are primarily used in the defense and military sector. It aids in increasing situational awareness of a particular location, improved decision making, and efficient usage of equipment and other resources for gathering intelligence across land, air, sea, space and cyberspace. The C4ISR also consists of various procedures and techniques to collect and broadcast information, including land-based radars, binoculars and communication satellites. The data is further processed, analyzed, used and delivered for precision targeting and geo-positioning. For instance, various electronic warfare systems are used for conducting computerized attacks, defense missions and manage hostile conditions.
Rapid developments in the field of electronics, optoelectronics and Information Technology (IT), along with the growing need to combat the rising number of criminal and terrorist activities are among the key factors driving the growth of the market. C4ISR systems are extensively employed by security agencies to accomplish military operations and disseminate intelligence among their ranks. Furthermore, nations experiencing security threat such as territorial disputes and aggression from hostile neighbors are increasingly employing C4ISR systems to gauge enemy movements and conduct high-risk military operations. Additionally, the advent of airborne systems, including unmanned vehicles, synthetic aperture radars and sensors, is also catalyzing the growth of the market. Product innovations, such as the development of low-power consuming and light-weight equipment and systems and the integration with the Internet of Things (IoT) are projected to drive the market further. Apart from this, rising government funding in the defense sector is creating a positive outlook for the market.
IMARC Group’s latest report provides a deep insight into the global C4ISR market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the C4ISR industry in any manner.
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The competitive landscape of the industry has also been examined with some of the key players being CACI International Inc., BAE Systems, General Dynamics Corporation, Elbit Systems, Harris Corporation, L3 Technologies Inc., Leonardo S.P.A., Lockheed Martin, Northrop Grumman, Raytheon, Rheinmetall, Rockwell Collins, Saab AB, Serco, Thales Group, etc.
Key Questions Answered in This Report:
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