Market Size of C6ISR Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.60 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
C6ISR Market Analysis
The C6ISR market is registering a CAGR of 3.1% during the forecast period (2022-2027).
- 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. According to the Stockholm International Peace Research Institute (SIPRI), 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 prospects of the market into focus.
- As the tensions between various nations are increasing, countries are striving to enhance their network centric combat and support capabilities. In this regard, several military programs are currently underway to effectively upgrade the current C4 and C5 - ISR systems to C6ISR capabilities, in each country.
- To facilitate these programs, countries are investing huge amounts into the enhancement of such capabilities, either through indigenous development or through procurement from global vendors. These investments are further driven by the growth in defense expenditures.
- The growth in asymmetric threat environments, globally, is necessitating the need for more modern and advanced C6ISR capabilities for militaries. With rapid technological advancement, the threats that the countries face are increasing both in terms of magnitude and sophistication. Hence, countries are striving to enhance their combat and support capabilities with the procurement of several newer generation C6ISR systems.
- There is a growing emphasis on Network Centric Warfare (NCW) among the global militaries, due to the advantages it offers. The increasing adoption of network-centric warfare is expected to drive the demand for sophisticated C6ISR systems and fuel the growth of the market focus.
- While the adoption of a variety of C6ISR systems is increasing, it is also presenting a host of challenges for the end-users, thereby putting pressure on manufacturers to help them overcome the challenges.
