C4ISR Market Growing at the Fastest Rate in APAC and North America Region

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C4ISR Market Growing at the Fastest Rate
in APAC and North America Region The report
"C4ISR Market by Solution (Hardware, Application
Software Services), Platform (Airborne, Land,
Naval, Space), Application, End User (Defence
Space, Homeland Security, Commercial),
Installation, and Region - Forecast to 2026", is
projected to grow from USD 119.9 billion in 2021
to USD 147.1 billion by 2026, at a CAGR of 4.2
from 2021 to 2026. The C4ISR market is growing at
a significant rate across the world, and a
similar trend is expected to be observed during
the forecast period. The deployment of
small, reliable, and sophisticated C4ISR
systems in a wide range of applications has
increased their demand across the globe.
Advancements in ISR technologies and
improvements in their manufacturing
techniques have led to reduced costs of these
systems. Enhanced defense and surveillance
capabilities of armed forces and law enforcement
are the key factors driving C4ISR
market. Download PDF Brochure _at_ https//www.mark
etsandmarkets.com/pdfdownloadNew.asp?id1315 Base
d on platform, space segment is estimated to
account for the fastest growth of the C4ISR
market from 2021 to 2026. Based on platform, the
market for space C4ISR is projected to grow with
the highest CAGR due to the increased use of
communication satellites for fast and secure data
transfer, and the increased use of
earth-observation satellites for C4ISR systems.
In September 2020, the US Armys Tactical
Exploitation of National Capabilities office, the
Defense Innovation Unit, contracted Northrop
Grumman to build two new prototype ground
stations that will help the army use satellite
imagery for deep sensing. Based on solution,
hardware segment of the C4ISR market by solution
type is projected to witness the largest share
due to the increasing need for intelligence
gathering in commercial and defense
applications. Based on solution, the hardware
segment is expected to dominate the C4ISR market
from 2021 to 2026, accounting for the largest
share in 2021. The increasing demand for sensors
in next-generation airborne intelligence,
surveillance reconnaissance systems, the need
for 5G networks for faster wireless data
transfer, the demand for wired communication
devices underwater and subsurface military
applications, the
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increasing demand for tactical navigation systems
for unmanned platforms and for portable, rugged
devices for dismounted soldiers, along with the
increasing need for intelligence gathering will
drive the market. Defense and space segment of
the C4ISR market by end user is projected to
witness the highest CAGR during the forecast
period. The Defense and space segment is
expected to grow at a higher rate from 2021 to
2026. The growth can be attributed to advancement
of C4ISR capabilities for better situational
awareness of battlefield. C4ISR (Command,
Control, Communications, Computers (C4)
Intelligence, Surveillance and Reconnaissance
(ISR)) enhances the capabilities of military
forces worldwide. Advanced C4ISR capabilities
provide an advantage through situational
awareness, knowledge of the adversary and
environment, and shortening the time between
sensing and response. The US Department of
Defense (DOD) is the largest consumer of military
C4ISR systems. The Department of Defense's (DOD)
intelligence, surveillance, and reconnaissance
(ISR) capabilities, such as unmanned
aircraft/ground vehicles systems-are crucial
to military operations, and demand for C4ISR
capabilities has increased. In May 2020, Booz
Allen Hamilton won a five-year contract to
provide artificial intelligence services to the
Department of Defenses Joint Artificial
Intelligence Center (JAIC). The North American
market is projected to contribute the largest
share from 2021 to 2026 in the C4ISR
market North America is expected to lead the
C4ISR market in 2021. The US is the largest
market for C4ISR in North America. The increasing
investment in C4ISR systems to enhance defense
and surveillance capabilities of the armed
forces, modernization of existing military
platforms, critical infrastructure, and law
enforcement agencies increasingly using C4ISR
systems are key factors expected to drive the
market in North America. Key Market Players The
C4ISR market is dominated by a few
globally established players such as Northrop
Grumman (US), Lockheed Martin Corporation
(US), BAE Systems (UK), Raytheon Technologies
Corporation (US) and General Dynamics Corporation
(US), among others, are the key manufacturers
that secured C4ISR contracts in the last few
years. Major focus was given to the contracts and
new product development due to the changing
requirements of commercial, homeland security and
defense space users across the world. Ask for
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