Report ID: SQMIG45E2166
Report ID:
SQMIG45E2166 |
Region:
Global |
Published Date: July, 2024
Pages:
165
|
Tables:
95 |
Figures:
76
Global C4ISR Market size was valued at USD 116.4 billion in 2022 and is poised to grow from USD 121.1 billion in 2023 to USD 165.7 billion by 2031, growing at a CAGR of 4% during the forecast period (2024-2031).
Rising demand for advanced technologies such as asymmetric warfare, web-based warfare and unmanned vehicles is expected to accelerate the market growth over the forecast period. Increased focus on miniaturization and improving the accuracy of ISR systems and payloads is driving deployment across platforms. Their high reliability and low cost have resulted in military purchases of many of these systems. As new threats emerge, these systems have become an important part of military readiness because of their practical value. The rapid pace of technological progress is giving birth to disruptive technologies in the defense industry. The current focus is on integrating AI and machine learning technologies into ISR platforms. The military is also focused on transitioning to open ISR systems. The increasing demand for unmanned systems and autonomous systems is expected to drive the studied market in the coming years.
As adoption of C4ISR systems increases, end users are presenting more and more challenges, putting pressure on manufacturers to help overcome the challenges. Although there are technological advances in the C4ISR market, it is growing at an unprecedented rate though the rise of information processing poses many challenges for military and industry players.
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Report ID: SQMIG45E2166