Market Share of Land Based C4ISR Industry
The land-based C4ISR market is moderately fragmented in nature, with several players holding significant shares in the market. Some prominent market players are Elbit Systems Ltd., BAE Systems plc, Saab AB, THALES, Lockheed Martin Corporation, and Northrop Grumman Corporation. However, several other manufacturers provide C4ISR solutions for the land platform.
Technological advancements in C4ISR systems and the demand for multi-functional systems are propelling the investments of manufacturers in the research and development of cost-effective solutions. Favorable government policies and the existing global security scenario are fostering strategic collaboration between regional and global market players to merge their technological prowess and jointly develop sophisticated land-based C4ISR systems. Consolidation of the market may occur during the forecast period on account of joint ventures (JVs) and mergers and acquisitions (M&As). For instance, ThalesRaytheonSystems, a joint venture between THALES and Raytheon Technologies Corporation, has been combining technologies to develop superior ISR systems and gain a competitive advantage over the other market players. However, with the rapid modernization of technology, the competitive advantage may be short-lived, as other players would surely develop products with similar or even superior capabilities.
Land Based C4ISR Market Leaders
Lockheed Martin Corporation
Saab AB
BAE Systems plc
THALES
Elbit Systems Ltd.
*Disclaimer: Major Players sorted in no particular order
