Global C4ISR Systems market to witness robust participation globally
Global expenditure on command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems is expected to show robust growth over the forecast period, primarily due to the increased importance of C4ISR systems in modern or fourth-generation warfare.
Modern conflicts include a mix of physical combat, and mental and tactical elements, where the enemy could be a nation or a faction of society, such as a terrorist group.
Global C4ISR market, valued at US$134.6 billion in 2016, is projected grow at a CAGR of 2.85%, to value US$178.2 billion by 2026. The cumulative market for global expenditure on C4ISR systems is valued at US$1.7 trillion over the forecast period.
Airborne Systems segment is projected to be the second largest segment of expenditure over the forecast period, and is expected to account for a total share of 21% of the global market. Asia-Pacific, North America, and the Middle East are projected to account for the first, second, and third largest market in this segment respectively.