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Research and Markets - Global C4ISR Market 2016-2020 - Growing Acceptance of CREW Systems with BAE Systems, Elbit Systems, Lockheed Martin, Northrop Grumman & Raytheon Dominating
|By PR Newswire
|September 23, 2016 10:11 AM EDT
DUBLIN, September 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global C4ISR Market 2016-2020" report to their offering.
The global C4ISR market to grow at a CAGR of 3.78% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global C4ISR market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market from the procurement of new command, control, surveillance and reconnaissance systems and associated services, as well funding for sustainment and modernization of existing systems. The report also includes a discussion of the key vendors operating in this market.
As modern combat is conducted at a longer range, the employment of precision technology and a secure communication network ensures mission effectiveness. The systems and services used to ensure seamless communication architecture fall under the domain of C4ISR.
The use of C4ISR systems ensures that operators have an advantage when it comes to decision-making, by achieving non-sequential and parallel decision-making capabilities. These systems also augment the situational awareness of combatants, helping them operate against hostile opponents in accelerated combat environment.
According to the report, growing use of C4ISR in civil applications will be a key driver for market growth. Owing to the continuous R&D investments, the deployment of C4ISR assets has experienced substantial alteration. Over the years, it has evolved from being a hardware system to an integrated software system, which is essential for defense organizations to maintain dominance. In recent times, various new features have been added to these systems, including secure messaging management systems, quick reaction capability, and time-sensitive targeting solutions. These ensure that the required modifications and maintenance can be done rapidly.
Further, the report states that barriers to adopting new technology and equipment will be a challenge for the market. Vendors in this market are required to adhere to the stringent regulatory norms of different countries. There are many private companies and third-party technology providers that work with the government agencies and departments of defense in various countries. Therefore, it has become obligatory for manufacturers to comply with stringent regulations at the federal, state, and local levels. In addition, military forces are facing difficulties in adoption of new technologies as they become obsolete within a short span of time.
- BAE Systems
- Elbit Systems
- Lockheed Martin
- Northrop Grumman
Other prominent vendors
- Booz Allen Hamilton
- General Dynamics Mission Systems
- Thales Group
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by platform
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/d8qn69/global_c4isr
Related Topics: C4ISR
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-c4isr-market-2016-2020---growing-acceptance-of-crew-systems-with-bae-systems-elbit-systems-lockheed-martin-northrop-grumman--raytheon-dominating-300333225.html
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