Market Size of Air-based C4ISR Industry
Study Period | 2020 - 2029 |
Market Size (2024) | USD 3.34 Billion |
Market Size (2029) | USD 3.69 Billion |
CAGR (2024 - 2029) | 1.98 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Air-based C4ISR Market Analysis
The Air-based C4ISR Market size is estimated at USD 3.34 billion in 2024, and is expected to reach USD 3.69 billion by 2029, growing at a CAGR of 1.98% during the forecast period (2024-2029).
Despite the COVID-19 pandemic hitting the global economy severely, the impact of the same is not felt on the global military expenditure, which continued to increase in 2020 and 2021. The global military expenditure reached a total of USD 2.113 trillion in 2021, increasing by about 0.7% compared to 2020. Such high expenditure indicates the negligible impact the COVID-19 pandemic had on defense systems development and procurements. The growth in military spending is expected to drive the air-based C4ISR market in the coming year.
The increasing political and geographical tensions around the world are propelling the demand for airborne C4ISR systems. The rapid growth in demand for unmanned aerial vehicles (UAVs), electronic support/countermeasures (ESM/ECM), airborne C2, advanced tactical air reconnaissance system, and airborne warning and control systems (AWACS) to enhance signal awareness and survivability is driving the growth of the air-based C4ISR market.
A majority of the demand for air-based C4ISR systems is anticipated to be generated in the Asia-Pacific region during the forecast period, due to factors, like modernization plans and an increase in the threat perception of countries.