Ongoing technological innovation is leading to a fall in price of the services which is expected to push the demand for C4ISR market in future.
Albany, NY -- (SBWIRE) -- 02/21/2017 -- C4ISR implies command, control, communication, computers, intelligence, surveillance and reconnaissance. The market is expected to witness robust growth during the forecast due to rising demand for unmanned systems, cyber crime and terrorist activities across the globe.
The rising concern of asymmetrical warfare is one of the primary factors driving the growth of C4ISR market. Furthermore, the integration C4ISR helps in better surveillance and coordination of the military forces. Hence they are less prone from the threat of sudden attacks. Moreover, the systems enable the armed forces to give the right information at the right moment. The rise in terrorist activities in Middle East region is further creating the need for these systems. In addition, the system is also being used in geospatial intelligence as it helps in round the clock surveillance and data collection. In addition, the defense sector of several developed and developing nations are upgrading from their conventional analog surveillance systems to digital interface for better security of the nation. Furthermore, the increasing trend for short mission cycles is resulting into the need for faster data transmission between forces, which is further aiding to the growth of the market.
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However, there are certain factors which are hindering the growth of this market at large. Certain developed countries like the U.S. and U.K. are cutting down their expense in defense sector. This in return is reducing the need for upgraded systems and hindering the growth for C4ISR market. Furthermore, the integration of these systems makes the army or the armed forces dependant on the systems. If the system gives wrong or inaccurate information, the result can be destructive.
Nevertheless, the market is expected to show positive growth in future due to the rising threat of cyber crime worldwide, which is leading to the need for stronger online security. Moreover, the ongoing technological innovation is leading to a fall in price of the services which is expected to push the demand for C4ISR market in future. In addition, the emerging concept of next generation IP network with better communication and internet facilities is further expected to create demand for the market during the forecast period.
The report on C4ISR will also focus on the key trends that are affecting the behavior of the market. In addition, the porter's five forces analysis will also be provided for a better understanding of the market. The global market for C4ISR has been segmented by platform, application, components and geography. In terms of platform, the market has been categorized into naval, airborne and land based systems. By application, the market has been segregated into communications, intelligence, electronic warfare, computers, command and control and surveillance & reconnaissance among others. By components the global C4ISR market can be segmented into communication networks, display consoles, EW hardware, application software and network technologies. The communication networks can be further sub segmented into wired and wireless categories. Furthermore, the EW hardware can be categorized into electronic support and electronic counter measure.
By geography, the global C4ISR market has been divided into five strategic regions such as North America, Europe, Asia Pacific, Middle East and Africa and South America. North America and Europe are expected to have a larger market share as they are the early adapters of new technology and hence expected to integrate C4ISR systems actively. Moreover, the rising terrorist activities in Middle East are expected fuel the demand for these systems in the near future. Moreover, the developing economies like India and China are upgrading their defense and surveillance systems to cater to cross border unrest. This factor is further expected to boost the demand for C4ISR market during the forecast period.
The leading players operating in the C4ISr market include Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Elbit Systems Ltd., Harris Corporation, Thales Group, Raytheon Company, BAE Systems PLC., Rockwell Collins, Inc. and SAAB AB among other players.