New Report on Global C5ISR Market 2019 Edition
As per a new report, the global C5ISR market is expected to witness steep growth in the next few coming years. The market size which was worth USD 125,200 million in 2017 is anticipated to reach to USD 162,800 million by the end of 2025, growing at a CAGR of 3.3% during the projected time period.
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Basically, C5ISR means Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance. The countries across the globe are investing in defence equipment or tools in order to have competitive edge over the opponents. Factors such as increase in automation in security and surveillance technology that allow countries to enhance their military infrastructure is expected to drive C5ISR market in the future.
Additionally, the global C5ISR systems market is gaining wider popularity in the military operations amid due to increasing political conflicts, migrations issues, and advancement in the extensive defence programs. Increasing market for space-based C5ISR systems and growing demand for AI in C5ISR systems for military operations are likely to fuel the market size of this market. However, difficulty to handle maintenance of C5ISR systems and subsystems can hamper the overall expansion of C5ISR systems market.
The market for global C5ISR market has been segregated into type and application. Based on the type, the market has been divided into Land, Airborne and Naval. The naval segment dominates the global C5ISR systems market in 2018 and it is expected that it will dominate the market in the future as well. Based on the application, the market has been divided into Command, Control, Communication, Computers, Combat, Intelligence and Surveillance and Reconnaissance.
Detailed Regional Analysis
The global market of the C5ISR has been analysed across the United States, Europe, India, Japan, China, Southeast Asia and Middle East & Africa (MEA). North America dominates C5ISR market and will continue to hold significant position in the future as well which is mainly due to higher adoption of technology, large number of market players and innovative solutions. In terms of revenue, the region also holds the largest share in global defence. Meanwhile, C5ISR systems market in APAC region is anticipated to witness fastest growth during the forecast time period which is due to impending need to solve the issues related to increasing border tensions between the neighbouring countries. Also increase in defence expenditure and rise in the terrorist movements is also contributing towards the growth of C5ISR market in the Asia-Pacific region. European market is also expected to expand in a remarkable way, factors like growing demand of artificial intelligence in C5ISR Systems for Military Operations and expanding market for Space-Based C5ISR Systems will play a significant role in the expansion of this market.
The global direct C5ISR market is expected to witness tough competition among the leading marketers, and the market can observe some major activities among the key players during the projected time period. The competitive data for each of these regions is provided by platform, by application, and by end users and will help in having a clear insight of the market.
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Source: EIN Presswire