C4ISR Market Technological Challenges, Market Update, Volume Analysis, Growth Prospects And Forecast 2023-2032|Northrop Grumman, Lockheed Martin Corporation, BAE Systems PLC., Raytheon Technologies Corporation, General Dynamics Corporation

The C4ISR Global Market Report 2023 by The Business Research Company, provides C4ISR market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s C4ISR Global Market Report 2023, the market size grew from $75.11 billion in 2022 to $81.99 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the c4isr is expected to grow to $106.91 billion in 2027 at a CAGR of 6.9%.

Increasing global territorial tensions around the world have contributed to the growth of the C4ISR market going forward. Territorial conflicts are border tensions that arise from competing for national interests or from an increase in the insurgency in some parts of the world. C4ISR is used by the military for operations and communication to gather crucial reconnaissance and surveillance data, territorial conflicts increase the demand for C4ISR.

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The C4ISR market is segmented:

1) By Platform: Land, Airbone, Naval, Space.

2) By Solution: Hardware, Application Software, Services.

3) By Application: Intelligence, Communication, Command, Computer, Electronics.

4) By End User: Defence and Space, Commercial.

Product Innovation is a key trend gaining popularity in the C4ISR market. Major companies operating in the market are focusing on product innovation to strengthen their position in the market. For Instance, in November 2021, Israel Aerospace Industries (IAI), an Israel-based defense company, launched a new electronic warfare system called Scorpius. This defense system works on active electronically scanned array (AESA) technology and enables armed forces to combat full-scale threats such as missiles, and drone ships, effectively disrupting radar, data communications, and electronic sensors. The product offers electronic warfare capabilities to various domains.

The C4ISR market report table of contents includes: