The Global Sea-based C4ISR market value is estimated to be USD 17.15 million in 2018. The market is estimated to reach USD 21.72 million by 2022, recording an anticipated CAGR of 6.08% during the forecast period (2018-2023).
The growth in the market is expected to be primarily led by the Asia-Pacific countries of Australia, South Korea, and Japan, and also from Saudi Arabia. Development in the Asia-Pacific district is expected to be fundamentally stimulated by the need to counter the developing risk and predominance of China and North Korea. China has been staking new border claims that have infringed on the regional rights of nations, for example, Japan, Philippines, Vietnam, and Indonesia. Additionally, Japan in recent times, has initiated building up state-of-the-art military and naval assets, which has provided a huge boost to the sea-based platforms in the C4ISR market.
The increase in budget for military spending in developed nations, such as the United States, is anticipated to be one of the primary reasons associated with the growth of the sea-based C4ISR market in the global scenario. Sea-based C4ISR systems, post-2020, are expected to register tremendous growth rates, globally, including the North American and European markets. Additionally, an expected quantum shift in technologies, such as an Active Electronically-Scanned Array (AESA) early warning radar station, is estimated to provide a significant boost to the sea-based C4ISR market.
The Global Sea-based C4ISR market is segmented by type (Command & Control, ISR, Computer, Communication, and Electronic Warfare). The report provides an in-depth analysis of the sea-based C4ISR market across different geographical regions, viz. North America, Europe, South America, Asia-Pacific and the Middle East & Africa, along with country-wise segmentation.
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The Global Sea-based C4ISR Market report includes competitive vendor landscape, along with analysis of major companies, such as-
• Harris Corporation
• BAE Systems PLC
• Elbit Corporation
• Kratos Defense and Security Solutions Inc.
• The Northrop Grumman
• Rheinmetall Defense
• Lockheed Martin
• General Dynamics
• The Boeing Company
• CACI International Inc.
• Booze Allen Hamilton
• Global Sea Based C4ISR
• Command and Control
• Increase in the budget for military spending
• Active Electronically Scanned Array (AESA)
• state-of-the-art c4isr military and naval assets in Japan
• growth rates worldwide including the North American and European markets
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