From GlobeNewswire: 2024-05-22 06:00:00

The C4ISR market is projected to reach $150 billion by 2032, driven by the need to enhance intelligence and decision-making in defense. Incorporating AI, ML, and advanced sensors improves capabilities. Rising security concerns fuel demand for monitoring systems like Raytheon Technologies’ RAIVEN. Aerial systems, especially UAVs, show significant growth potential for military and civilian applications.

Homeland security is expected to drive significant growth in the C4ISR market from 2023-2032. Governments and security agencies aim to enhance surveillance, intelligence, and communication systems to counter security threats effectively. The Asia Pacific region is witnessing a surge in market growth due to increasing security concerns, regional conflicts, and adoption of advanced technologies like UAVs and satellite communication systems.

Key players in the C4ISR market include BAE Systems, Lockheed Martin, and Elbit Systems. Companies are focusing on product development and collaborations to expand their product portfolios. For instance, Elbit Systems introduced the advanced Hermes family UAS for various missions. Global Market Insights provides market research reports and consulting services to aid strategic decision-making in industries like technology, renewable energy, and biotechnology.



Read more at GlobeNewswire: C4ISR Market to reach USD 150 Bn by 2032, Says Global