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C4ISR Market Share

Report ID: GMI7174
Published Date: Oct 2023
Report Format: PDF

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C4ISR Market Share

The players operating in the C4ISR industry focus on implementing different growth strategies to strengthen their offerings and expand the market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. The market players also heavily invest in R&D to introduce innovative and technologically-advanced solutions in the market. The major players operating in the industry are mentioned below:

Lockheed Martin Corporation
Raytheon Technologies
Northrop Grumman Corporation
L3Harris Technologies
Thales Group
Elbit Systems
BAE Systems PLC|

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for C4ISR was worth more than USD 108 billion in revenue in 2022 and is projected to witness 4% CAGR from 2023-2032 driven by the increasing government initiatives, policies, and funding to replace outdated equipment and technologies.

The hardware segment held more than 55% share of the C4ISR industry in 2022 and is estimated to witness high demand through 2032 owing to the integration of emerging technologies, such as AI, ML, and quantum computing that require advanced configurations.

North America accounted for over 35% of the C4ISR industry revenue share in 2022 and is anticipated to expand at notable pace between 2023 and 2032 attributed to the massive government-led investments to allocate substantial resources to defense R&D and military modernization.

Some prominent companies operating in the C4ISR market are Lockheed Martin Corporation, Raytheon Technologies, Northrop Grumman Corporation, L3Harris Technologies, Thales Group, Elbit Systems, and BAE Systems PLC.