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Global C5ISR Market to Grow at a CAGR of 3% During 2021-2026, Aided by the Rising Demand for Technologically Advanced Defence Products

According to a new report by EMR titled, ‘Global C5ISR Market Report and Forecast 2021-2026’, the global C5ISR industry is expected to grow at a CAGR of 3% in the forecast period of 2021- 2026.

The global C5ISR industry 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 naval segment of C5ISR industry emerged as the one of the leading segments by type. This is because of the heavy expenditures by nations like United States and India on the upgradation of their navy forces and infrastructure. 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 segments in the application sectors of C5ISR sectors are expected to register fastest growth and be one of the leading segments in the application sector. This is because of the increased focus on border surveillance and modernization 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.

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

  • C5ISR market are of types that include airborne, naval and land.
  • On the basis of application, the industry can be categorized into surveillance and reconnaissance, command and control, electric warfare, intelligence, missile defense and radar and combat systems among others.
  • On the basis of end use, C5ISR market is segmented into defense and commercial, among others. 
  •  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 industry.
  • 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 bolstering the demand for C5ISR.
  • The rising population with increasing security concerns and possibility of external threats is augmenting the industry demand for C5ISR.

Key Offerings of the report:

  • The EMR report gives an overview of the global C5ISR industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the type, application, 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., BAE System Plc and Elbit Systems Ltd., 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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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