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Report: Global C4ISR Market to Hit $95B in 10 Years

Report: Global C4ISR Market to Hit $95B in 10 Years - top government contractors - best government contracting event

looking at computersMarket Research Reports Inc. has released a study that show the global C2/C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) market will reach $94.4 billion in 2023, up from $91.5 billion in 2013.

The Global C2/C4ISR Market 2013-2023 report analyzes market overview, growth stimulators, opportunities, trends, growth forecasts and expected total expenditure for the C2/C4ISR market over the next 10 years, Market Research said Monday.

Governments aim to further develop interoperable C2/C4ISR systems in an effort to meet the requirements for modern warfare technologies and achieve goals of various exercises, the report says.

The report shows European Union and NATO nations intend to increase their investments in strategic communications, with Europe expected to account for 16.2 percent of the total market and North America 64.2 percent over the next 10 years.

Researchers and developers of military communication systems continue to work on the application of commercial products and Internet design methods for military infrastructures, according to the study.

Governments also intend for land, space and aerial C4ISR systems to protect national security and monitor borders amid a growing threat landscape, says Market Research.

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Written by Jay Clemens

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