Technavio Announces the Publication of its Research Report Global C4ISR Market 2016-2020
Technavio recognizes the following companies as the key players in the global C4ISR market: BAE Systems, Elbit Systems, Lockheed Martin, Northrop Grumman, and Raytheon.
Other Prominent Vendors in the market are: Booz Allen Hamilton, CACI, General Dynamics Mission Systems, Harris, Kongsberg, and Thales.
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Commenting on the report, an analyst from Technavios team said: Use of tactical UAVs in an integrated C4ISR environment will be a key trend for market growth. UAVs are rapidly becoming a key asset in national security countermeasure operations. Along with the rapid technological advancements in the military electronics segment, UAVs are integrated into C4ISR systems that support those operations. Microelectronics and device packaging play one of the most vital roles in the continued development and growth of the C4ISR UAV payload market in the US and many NATO allied countries such as the UK, France, and Germany. The use of microelectronics helps vendors reduce the size and weight of a UAV.
According to the report, growing use of C4ISR in civil applications will be a key driver for market growth. Owing to the continuous R&D investments, the deployment of C4ISR assets has experienced substantial alteration. Over the years, it has evolved from being a hardware system to an integrated software system, which is essential for defense organizations to maintain dominance. In recent times, various new features have been added to these systems, including secure messaging management systems, quick reaction capability, and time-sensitive targeting solutions. These ensure that the required modifications and maintenance can be done rapidly.
Further, the report states that barriers to adopting new technology and equipment will be a challenge for the market. Vendors in this market are required to adhere to the stringent regulatory norms of different countries. There are many private companies and third-party technology providers that work with the government agencies and departments of defense in various countries. Therefore, it has become obligatory for manufacturers to comply with stringent regulations at the federal, state, and local levels. In addition, military forces are facing difficulties in adoption of new technologies as they become obsolete within a short span of time.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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As modern combat is conducted at a longer range, the employment of precision technology and a secure communication network ensures mission effectiveness. The systems and services used to ensure seamless communication architecture fall under the domain of C4ISR. The use of C4ISR systems ensures that operators have an advantage when it comes to decision-making, by achieving non-sequential and parallel decision-making capabilities. These systems also augment the situational awareness of combatants, helping them operate against hostile opponents in accelerated combat environment.
Technavios analysts forecast the global C4ISR market to grow at a CAGR of 3.78% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global C4ISR market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market from the procurement of new command, control, surveillance and reconnaissance systems and associated services, as well funding for sustainment and modernization of existing systems.
The market is divided into the following segments based on geography:
Technavio’s report, Global C4ISR Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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