C4ISR global market may reach $135.8 billion by 2027, study finds
NewsMarch 05, 2020
ALBANY, New York. The market for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) could total as much as $135.80 billion by 2027, according to a new study by Transparency Market Research, "C4ISR Market (Platform: Airborne, Naval, and Land; Components: Surveillance & Reconnaissance, Computer, Tactical Communication, Electronic Warfare, Command and Control, and Others) -- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027."
According to the study analysts, increasing demand for electronic warfare (EW) will remain a key driver of growth in the C4ISR market, which will experience a CAGR of 3.68% over the forecast period (2019-2027); in addition, they said, next-generation demand for airborne, naval, and land-based platforms to aid combatants in ground vehicles, armored personal carriers, and battle tanks will benefit the market.
The growing government funding for counterterrorism operations and mounting need for modernization in a number of rising and developing countries will provide a further boost to growth of the C4ISR market, the study found.
For additional information on this study, visit the Transparency Market Research website.
