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(Transportation-News.com, November 23, 2018 )
Stratview Research announces the launch of a new research report on C4ISR Systems Market by Platform Type (Land, Airborne, Naval, and Space), by Application Type, (Command and Control; Communication; Computers; Intelligence, Surveillance and Reconnaissance; and Electronic Warfare), by Solution Type (Products and Services), by End-User Type (Defense and Commercial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
The Global C4ISR Systems Market: Highlights
Rising tensions among different parts of the world, such as disputes related to maritime (south china sea), land-based conflicts between India and Pakistan, hybrid warfare, and piracy over oceans, are forcing the countries to strengthen their defense capabilities. Furthermore, the nature of warfare has immensely changed over the eons with a higher usage of advanced electronic systems. These factors are forcing the countries to keep upgrading themselves in order to maintain and to enhance their defense capabilities. Most of the major developed economies, such as the USA, always set a large defense budget in order to remain the pioneer in developing and acquiring latest technologies. The developing economies, such as China and India, are following the footsteps of major economies and have been escalating their defense budget in order to acquire new technologies to upgrade themselves.
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The C4ISR systems market is projected to grow at a higher rate than the total defense industry in the coming five years to reach an estimated US$ 112.5 billion in 2023, propelled by a host of factors including an increasing military expenditure, especially by the developing economies including China and India, an increased demand for mobile command systems, and a rising demand for advanced electronic systems to gain an edge over others. Also, C4ISR systems offer a wide array of advantages including real-time data collection, situational awareness, tactical communication, and advanced battlefield management systems. This assists the defense forces in decision making and helps the forces to have an edge over others.
Most of the major players are focusing on the development of innovating systems addressing the existing as well as upcoming market requirements. At the same time, they have been forming strategic alliances including mergers & acquisitions, joint ventures, and collaborations, to remain competitive and quickly gain the market share.
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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