Pune, April 27, 2020 (GLOBE NEWSWIRE) -- The global C5ISR market size is projected to reach USD 147.97 billion by 2026, exhibiting a CAGR of 3.38% during the forecast period. Increasing defense expenditure in major economies will be a crucial factor driving the growth of this market, observes Fortune Business Insights™ in its new report, titled “C5ISR market Size, Share and Industry Analysis by Type (Land, Naval, Airborne, Space), By Application (Electronic Warfare, Surveillance and Reconnaissance, Intelligence, Command and Control), By Solution (Product and Services), and Regional Forecast, 2019- 2026”. According to the Stockholm International Peace Research Institute (SIPRI), worldwide military expenditure rose by 2.6% from 2017 levels, touching USD 1,822 billion in 2018. United States, China, Saudi Arabia, India, and France spent the most, accounting for nearly 60% of the total military spending in 2018, SIPRI notes. This surge in spending is a response to the growing intensity of border conflicts, proliferation of illegal migration, and rising threat of cross-border and international terrorism.
Increased spending on the armed forces is intended to equip on-field soldiers with latest communication and analysis technologies so as to facilitate more efficient decision-making in the field. The report further states that the value of this market stood at USD 113.44 billion in 2018.
Worldwide COVID-19 Impact Analysis:
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The report also contains the following:
- Exhaustive analysis of the market trends and drivers;
- In-depth research into the factors restraining the market;
- Comprehensive study of the regional dynamics of the market;
- Detailed evaluation of the competitive landscape of the market; and
- Thorough assessment of all the possible market segments.
Market Trends
Rising Adoption of Battlefield Management Systems (BMS) to Propel the Market
A battlefield management system (BMS) enhances quality of decisions and enables better control of military units by integrating information collection and processing on a unified platform. One of the leading C5ISR market trends is the rising demand for BMS for military combat missions owing to the multiple advantages of these systems. For example, BMS units can be worn or handheld by soldiers and commanders individually, thereby enabling each member of the unit to access and analyze incoming information.
Moreover, these systems have preinstalled GPS modules, making it easy for soldiers to find their way through tough terrains. Most importantly, BMS ensures that the messages and orders sent and received are digitally encrypted, thus reducing the risk of interception of communication by enemy radars. Thus, the multiple benefits of BMS tools have made them an integral part of C5ISR systems and their increasing adoption, therefore, augurs well for the market.
Browse In-depth Summary of This Research Insights with Table of Content: https://www.fortunebusinessinsights.com/c5isr-market-102102
Regional Analysis
Extensive Modernization of Armed Forces to Augment the Market in North America
The market size in North America stood at USD 65.80 billion in 2018 and the region is poised to dominate the market share for C5ISR, in the foreseeable future owing to the heavy investments made by the US government in modernizing its military equipment. In Canada, establishment of C5ISR centers at strategic points across the country will further boost the market. Asia-Pacific is expected to register a healthy CAGR as a result of higher budgetary allocation for the defense sectors in India and China. On the other hand, in the Middle East & Africa, strong presence of military systems suppliers will fuel the market.
Competitive Landscape
Key Players to Focus on Developing Advanced Solutions
The C5ISR market forecast predicts a dynamic period for this market as major players such as SAAB and BAE Systems increase their R&D expenditure to develop next-gen military communications technology. These advancements have empowered the key players to strengthen their hold on the market and ensure their dominance for perpetuity.
List of Key Companies Covered in the C5ISR Market Report are:
• Thales Group
• CACI International Inc.
• L3Harris Technologies Inc.
• Northrop Grumman Corporation
• General Dynamics Corporation
• Elbit Systems Ltd.
• Collins Aerospace
• SAAB AB
• BAE Systems
• Lockheed Martin Corporation
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments –Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Global C5ISR Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Land
- Naval
- Airborne
- Space
- Market Analysis, Insights and Forecast – By Application
- Electronic Warfare
- Surveillance and Reconnaissance
- Intelligence
- Command and Control
- Market Analysis, Insights and Forecast – By Solution
- Product
- Services
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
TOC Continued…!
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Industry Developments:
- March 2020: Lockheed Martin Corporation, the US-based aerospace and defense bigwig, launched its Advanced Extremely High Frequency (AEHF-6) satellite from Cape Canaveral in Florida. The satellite forms an important component of the protected communications network, delivering enhanced communication and security capabilities to the US Space Force.
- January 2019: The Space and Naval Warfare Systems Center (SPAWARSYSCEN) Atlantic of the US Navy awarded the Navy Cyber Mission Engineering Support contract to the American aerospace and defense company, General Dynamics Corporation. At an estimated value of USD 898 million, the contract will require General Dynamics to supply state-of-the-art defense technologies to meet the American Armed Forces’ military needs.
Have a Look at Related Research Insights:
Military Antenna Market Size, Share & Industry Analysis, By Frequency (High Frequency, Ultra-High Frequency, Super High Frequency, and Extremely High Frequency), By Type (Dipole Antennas, Aperture Antennas, Travelling Wave Antennas, Loop Antennas, and Array Antennas), By Platform (Airborne, Marine, and Ground), By Application (Communication, Surveillance, SATCOM, Electronic Warfare, and Telemetry), and Regional Forecast, 2019-2026
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Military Radar Market Size, Share & Industry Analysis, By Platform (Land Radar, Naval Radar, and Airborne Radar), By Range (Long, Medium, Short, and Very Short), By Application (Airspace Monitoring & Traffic Management, Weapon Guidance, Ground Surveillance & Intruder Detection), By Frequency Band (UHF/VHF, L-Band, S-Band), By Components (Antenna, Transmitter, Receiver), and Regional Forecast 2019-2026
Anti-Jamming Market Size, Share & Industry Analysis, By Receiver Type (Military & Government-Grade, Commercial Transportation Grade), By Technique (Nulling System, Beam Steering System, Civilian System), By Application (Flight Control, Surveillance & Reconnaissance, Position, Navigation & Timing), By End-User (Military, Civilian) and Regional Forecast, 2019-2026
Aircraft Fuel System Market Size, Share & Industry Analysis, By Application (Military, Commercial, UAV), By Engine (Jet aircraft engine, Helicopter engine, Turboprop engine, UAV engine), By Type (Gravity feed fuel system, Fuel injection system, Pump feed system), By Component (Fuel tank, Fuel valve, Fuel pump, Fuel Filter, Fuel gauge, Fuel line) and Regional Forecast, 2019-2026
Helicopter Market Size, Share & Industry Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), By Point of Sale (OEMs and Aftermarket), and Regional Forecast 2019-2026
UAV Market Share, Size & Industry Analysis, By Application (Military, Commercial & Civil, and Recreational), By System (Airframe, Payload, Avionics, Propulsion), By Technology (Remotely Operated, Semi-Autonomous, Fully-Autonomous), By Class (Small UAVs, Tactical UAVs, Strategic UAVs, Special Purpose UAVs), and Regional Forecast 2019-2026
Aircraft Sensors Market Size, Share and Global Trend By Aircraft Type (UAVs, Helicopter, Military Aircraft, Commercial Aircraft), By Sensors Type (Gyro, Speed, Pressure, Temperature), By Application (Landing Gear, Flight Deck Environmental Control) and Geography Forecast till 2026
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