Product ID: SQMIG45E2166
Report ID:
SQMIG45E2166 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
95 |
Figures:
76
C4ISR Market size was valued at USD 165.12 million in 2019 and is poised to grow from USD 171.8 million in 2023 to USD 242.8 million by 2031, growing at a CAGR of 4.1% in the forecast period (2024-2031).
The military's efforts to improve its information procedures and systems for utilizing information during conflict are broadly categorized as C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance). Global C4ISR adoption is a result of rising military and defense demand for electronic warfare. C4ISR is currently an essential component of military structure and strategy. One of the key drivers propelling the global C4ISR market during the projected period is anticipated to be the increase in situational awareness to assist the military in times of war.
The COVID-19 pandemic has seriously harmed the economies of many nations throughout the world. Additionally affected is the production of C4ISR systems, subsystems, and components. Although C4ISR systems are essential for a system to function properly, supply chain interruptions have temporarily stopped their manufacturing processes. The extent of COVID-19 exposure, the efficiency of manufacturing processes, and import-export laws are a few of the elements that determine when manufacturing can resume. Orders may still be placed with firms, but delivery dates may not yet be set.
US C4ISR Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONC4ISR Market size was valued at USD 165.12 million in 2019 and is poised to grow from USD 171.8 million in 2023 to USD 242.8 million by 2031, growing at a CAGR of 4.1% in the forecast period (2024-2031).
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Product ID: SQMIG45E2166