Market Size of Australia C4ISR Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia C4ISR Market Analysis
The Australian C4ISR market is anticipated to register a CAGR of over 4% during the forecast period.
The Australian government increased its defense expenditure from 26.08 billion in 2019 to 27.54 billion in 2020 even after the pandemic and further USD 31.75 billion in 2021. The government is highly focused on enhancing defense capabilities due to rising tensions among neighboring countries in Asia Pacific and cross-border conflicts. An increase in the number of security attacks and global terrorism activities has led to increasing investments by the government in advanced surveillance technologies for military and law enforcement agencies. The procurement of unmanned air, land, and sea platforms for carrying out intelligence, surveillance, and reconnaissance missions may drive the growth of the market during the forecast period. Also, the modernization of the threat perception capabilities of the defense forces in Australia is anticipated to drive the demand for C4ISR systems in the country.
