C4ISR market (Land, Naval, Airborne) To Hit 3.38% CAGR To 2021 Led By North America
The command, control, communications, computers, intelligence, surveillance & reconnaissance (C4ISR) market is estimated to be valued at USD 93.80 billion in 2016 and is projected to reach USD 110.78 billion by 2021, at a CAGR of 3.38% from 2016 to 2021 led by North America.
Pune, India – July 15, 2016 /MarketersMedia/ —
The intelligence segment in C4ISR market is anticipated to grow at the highest CAGR during the forecast period. Intelligence acts as a force-multiplier by providing advanced situational awareness to armed forces and is the greatest attribute to militaries wielding such platforms as manned, maritime surveillance aircraft, and unmanned aerial systems. Surveillance & reconnaissance is the second fastest-growing segment in the C4ISR market, by application.
Complete report on global C4ISR market spread across 203 pages, profiling 14 companies and supported with 89 tables and 83 figures is now available at http://www.rnrmarketresearch.com/c4isr-market-command-control-communications-computers-intelligence-surveillance-reconnaissance-land-systems-airborne-systems-and-naval-systems-2014-2019-market-report.html .
In the military arena, C4ISR combines all the systems that allow military commanders to understand their operational environment, identify mission critical factors, and control their assets. Information quality is crucial because the entire C4ISR process depends on correctly perceiving the military situation and in creating a common perception across all users.
The communication network segment of the C4ISR market, by component is anticipated to grow at the highest CAGR during the forecast period. Communications networks help connect among various components in the system. Various devices can be used for wired and wireless communication network such as fiber optics cables and satellite-based devices. The communication networks segment is expected to witness significant growth in near future owing to the various advancements in cyber security, wired, and wireless technologies.
North America dominates the C4ISR market, by region. Countries in this region include the U.S. and Canada. North American C4ISR market is mainly driven by the U.S. army’s overseas missions and the need to safeguard homeland security. To shorten mission cycle time and to reduce the number of casualties, the countries in North America are investing in C4ISR systems.
Key players profiled in the C4ISR market report include Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Rockwell Collins, Inc. (U.S.), BAE Systems (U.K.), and Northrop Grumman Corporation (U.S.), among others. Get a discount on the report of C4ISR Market by Platform (Land, Naval, Airborne) Application (Command & Control, Communications, Computers, ISR, EW) Component (Networking Technologies, Communication Networks, Display Consoles, Software, EW Hardware) and Region – Forecast to 2021 research at http://www.rnrmarketresearch.com/contacts/discount?rname=143007 .
To determine the market size of various segments and sub-segments of the C4ISR market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (35%), Directors Level (25%) and others (40%) from various key organizations operating in the global C4ISR market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), APAC (30%) and Row (5%).
On a related note, another research on Public Safety and Security Market Global Forecast to 2020 says, increasing need for security in critical infrastructure and utilities to drive the public safety and security market. The global market size is estimated to grow from USD 220.82 billion in 2015 to USD 370.64 billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 10.91% from 2015 to 2020. Critical communication networks are expected to gain the maximum traction during the forecast period. Companies like Cisco Systems, Inc., NEC Corporation, Thales Group, IBM, Honeywell International, Inc., ESRI, Alcatel –Lucent, Northrop Grumman Corporation, Huawei Technologies and AGT International have been profiled in this 131 pages research report available at http://www.rnrmarketresearch.com/public-safety-and-security-market-by-solution-service-vertical-homeland-security-emergency-services-manufacturing-and-others-and-region-north-america-europe-asia-pacific-middle-east-and-africa-and-latin-america-global-forecas-market-report.html .
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