3.5% CAGR Anticipated for C4ISR Market During 2017-2025
The global command, control, communication, computer, intelligence, surveillance, and reconnaissance (C4ISR) market features a highly consolidated and intensely competitive landscape as the top four players together accounted for a whopping share of more than 84% in 2016, finds Transparency Market Research (TMR). These leading companies are The Raytheon Company, General Dynamics Corporation, Lockheed Martin Corporation, and BAE Systems Plc. The top players are actively focusing on launching innovative products and technologically advanced command and control systems, in order to consolidate their shares in various regions, notes TMR.
For instance, Lockheed Martin Corporation is developing next-generation communication technologies for armed forces to accomplish tasks in a variety of combat environments. Recently, the company has entered into a contract with the U.S. Special Operations Forces to provide advanced logistics support services on a global scale. The C4ISR is characterized by a dynamic business landscape that calls for sustained advancement in product technologies by leading players in order to stay competitive, observes TMR.