Global C5ISR Market to Grow at a CAGR of 4.9% During 2024-2032, Aided by the Rising Demand for Technologically Advanced Defence Products

The global C5ISR market is likely to grow significantly in the forecasting years with the increased defence spending and the need for real-time information for security forces when performing a mission. The land segment of C5ISR market emerged as the one of the leading segments by type. The airborne segment also expects a substantial growth with the increased use of unmanned flying vehicles in defence operations. Surveillance and reconnaissance as well as the command and control components of C5ISR are expected to grow significantly. This is because of the increased focus on border surveillance and modernisation of military strategies. The new and innovative defence solutions will drive the C5ISR market. The progress in battlefield management system has created a better integrated and sophisticated defence system which is expected to boost the market demand.

The defence segment in the end use sectors of C5ISR is the leading segment with robust demands. This is because of the growing emphasis of making better and more informed battlefield decisions. One of the key players in the C5ISR market is Kratos Defense & Security Solutions, Inc. On December 30, 2020, Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) announced that the security related customers of the United States government made an order of approximately USD 10.5 million for its Command, Control, Communications, Computing, Combat, Intelligence, Surveillance and Reconnaissance (C5ISR) systems and product. This reinforces that the demand from defence and security forces are expected to drive the C5ISR market worldwide.

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Market Analysis by Type, Component, End use and Regions:

• C5ISR market based on type includes airborne, naval and land.

• On the basis of component, the market can be categorised into surveillance and reconnaissance, command and control, computers, intelligence, communication, and combat systems.

• On the basis of end use, C5ISR market is segmented into defence and commercial.

• The regional markets for C5ISR include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising demand for modern technological system in the security forces is driving the C5ISR market.

• The threat of global terrorism is providing impetus to the market growth of C5ISR systems.

• The heavy and increasing expenses in the defence sector is driving the C5ISR market.

• The advances in technology like Battlefield Management System is supporting the demand for C5ISR.

• The rising population with increasing security concerns and possibility of external threats is augmenting the market demand for C5ISR.

Key Offerings of the Report:

• The EMR report gives an overview of the global C5ISR market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the type, component, end use, and major regions of C5ISR. 

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global C5ISR market are Kratos Defense & Security Solutions, Inc., Cubic Corporation, BAE Systems Plc, L3Harris Technologies, Inc., ManTech International Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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