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MarketsandMarkets: Worldwide C4ISR Market to Grow 5% Annually Through 2020

MarketsandMarkets: Worldwide C4ISR Market to Grow 5% Annually Through 2020 - top government contractors - best government contracting event

solider, equipment, c4isrA MarketsandMarkets report predicts the global market for C4ISR systems will grow at an annual rate of 4.52 percent over the next six years to $133 billion in value by 2020.

Systems integration and interoperability requirements could drive market growth and industry is forecast to see higher demand for synthetic aperture radar, mobile, geospatial, cybersecurity, sensor and unmanned platforms through 2020, MarketsandMarkets said Tuesday.

Many companies have worked as a team to pursue C4ISR contracts from defense organizations, the report states.

The research firm also projects the airborne technology segment to enjoy the highest compound annual growth rate and hold a market share of approximately 40 percent.

BAE Systems, Elbit Systems, Lockheed Martin, Northrop Grumman, Raytheon and Rockwell Collins are among the key industry players mentioned in the report.

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