Reportlinker: C4ISR Tech Spending in North America to Reach $732B by 2027

Reportlinker has unveiled a new report that predicts the global market for command, control, communications, computers, intelligence, surveillance and reconnaissance systems will reach more than $177 billion in cumulative value by 2027 at a 2.4 percent compound annual growth rate.

An increasing demand for battle-space awareness and network centric warfare modernization efforts will help drive C4ISR market growth over the 10-year forecast period, Reportlinker said Thursday.

North America is forecast to spend more than $732 billion on C4ISR systems through 2027, primarily driven by adoption of C4ISR equipment to support overseas missions.

The report noted that North America will account for 44 percent of the entire market, followed by the Asia-Pacific region with 22.4 percent, Europe with 22 percent.

Middle East is projected to capture 7 percent of the C4ISR market while Africa and Latin America are predicted to collectively represent 3.5 percent of that market.

Vendors featured in the report include:

  • BAE Systems
  • Boeing
  • CACI International
  • Elbit Systems
  • General Dynamics
  • Harris
  • Kratos Defense and Security Solutions
  • L3 Technologies
  • Lockheed Martin
  • ManTech International
  • Northrop Grumman
  • Raytheon
  • Rheinmetall Defence
  • Rockwell Collins
  • SAAB
  • Serco
  • ThalesRaytheonSystems

You may also be interested in...

John Coykendall Deloitte

Deloitte Selects John Coykendall to Lead Aerospace & Defense Sector; Paul Wellener Quoted

Deloitte has appointed John Coykendall, a principal at its consulting business, to lead the company’s U.S. aerospace and defense (A&D) sector within the U.S. industrial products and construction practice. Coykendall will also lead Deloitte's global aerospace and defense sector, succeeding Robin Lineberger, who will retire in May. 

Axonius

Axonius Secures $100M Private Funding for Portfolio Development, Market Expansion Efforts

Asset management platform maker Axonius has secured $100 million in private funding to support the company’s efforts to update its cybersecurity portfolio, Reuters reported Monday.

Lockheed GPS IIIF

Eric Brown: Lockheed Plans On-Orbit GPS Satellite Servicing Feature

Eric Brown, senior director of military space mission strategy at Lockheed Martin, said the company is updating its satellite bus for the U.S. Air Force's GPS III follow-on satellite platform to facilitate hardware updates in orbit, SpaceNews reported Friday.