UNITED STATE C4ISR MARKET IS ESTIMATED TO REACH USD 4.24 BILLION BY 2033: SPER MARKET RESEARCH
C4ISR (Command, Control, Communication, Computers, Intelligence, Surveillance and Reconnaissance) is a broad classification of the efforts of the militaries to advance its information processes and systems to use that information during the war situation. An increase in the e- warfare across the military and defence has led to adoption of C4ISR. It has become an important part of defence strategy and structure. Together C4ISR provides an integrated approach to carry out military operation, enable efficient command and communication and control, and effective intelligence gathering.
According to SPER Market Research, ‘United States C4ISR Market Size- By Platform, By Solution, By End User, By Application- Regional Outlook, Competitive Strategies and Segment Forecast till 2033’ states that the United States C4ISR Market is estimated to reach USD 4.24 billion by 2033 with a CAGR of 3.06%.
The C4ISR provides the militaries with technology advantage, so space-based C4ISR is increasing in demand. Multiple sectors get affected due to the growing demands of satellites in military and commercial sectors. Surveillance system when combined with the capabilities of the geographic information systems and global positioning system can provided an increased fold of benefits in the digital battlefield. GIS can be utilised for the creation of digital maps, spatial analysis, network connectivity, 3D visualization and remote sensing. Investment in C4 space- based system is growing due to the development of small satellites offering cost effective services.
Defence budget is one of the major restraints. The high cost of investment in the development and the implementation of C4 in modern warfare effects the growth of the market. The cost associated with the creation, deploy and maintenance of systems C4 systems are high. The development of such systems is also constrained by time dependent factors. The adoption of new technologies and equipment should comply with the strict regulatory standards of the country. Difficulty in interoperability between the C4ISR pose another challenge in the growth of the C4ISR market.
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Impact of COVID-19 on United States C4ISR Market
The outbreak of COVID- 19 pandemic had a significant impact on the C4ISR Market. These led to the disruption of the global supply chains which affected the production and the delivery of C4ISR components. Strict lockdown led to restricted movement and closure of the factories delayed manufacturing processes, leading to delay of projects and equipment. Government shifted the budgets in response to the pandemic, diverting funds from defence spending. These impacted the plan acquisition and delayed C4ISR system from the existing one.
United States C4ISR Market Key Players:
North America followed by Asia- Pacific accounts for the largest market share in terms of United States C4ISR Market. The region was dominant due to the increased investment in the military systems for its technological upgradation thus creating high demands for C4ISR systems, also due to effective communication and better surveillance system and reconnaissance system. Some of the major players in the United States C4ISR Market are BAE Systems PLC, CACI International Inc., Elbit Systems Ltd., Honeywell International Inc., L3 Harris Technologies Inc., and others.
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United States C4ISR Market Size
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