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