Market Size of NATO C4ISR Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| 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?
NATO C4ISR Market Analysis
The NATO C4ISR Market is expected to exhibit a growth rate of more than 3% during the forecast period.
- The guidance for the NATO countries to spend a minimum of 2% of national GDP on defense expenditure for member nations is a major factor that drives investments into development and procurement of command, control, communications, computer, intelligence, surveillance, and reconnaissance (C4ISR) equipment in the NATO countries.
- The growth in terrorism, border clashes, geopolitical tensions in regions like Middle-East and subsequent deployment of troops and defense assets in combat affected zones is expected to increase the demand for C4ISR systems.
- The rise in unconventional and asymmetric warfare is leading to growth in demand for ISR systems in countries such as the United States, France, Turkey, etc. The increasing use of unmanned air vehicles (UAVs), unmanned sea vehicles (USVs), and land-based electronic warfare assets is propelling the growth of C4ISR market to enhance the situational awareness capability of NATO armed forces.
- The use of advance technology such as machine learning and artificial intelligence (AI) into C4ISR systems to enhance the efficiency of the systems is expected to bolster the growth of C4ISR market in the coming years.
