C4ISR Market Size to Grow by $ 23.34 Billion During 2021-2025
Technavio has been monitoring the C4ISR market and it is expected to grow by $ 23.34 bn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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C4ISRMarket: North America to lead market growth during the forecast period
C4ISR Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BAE Systems Plc, Booz Allen Hamilton Holding Corp., Elbit Systems Ltd., General Dynamics Corp., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, and Thales Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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C4ISR Market: Key Highlights of the Report for 2021-2025