C4ISR Market Worth $147.1 Billion by 2026

Northbrook, IL -- (SBWIRE) -- 08/04/2021 -- According to a research report "C4ISR Market by Solution (Hardware, Application Software & Services), Platform (Airborne, Land, Naval, Space), Application, End User (Defence & Space, Homeland Security, Commercial), Installation, and Region - Forecast to 2026", published by MarketsandMarkets™, the C4ISR market is projected to grow from USD 119.9 billion in 2021 to USD 147.1 billion by 2026, at a CAGR of 4.2% from 2021 to 2026. The C4ISR market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The deployment of small, reliable, and sophisticated C4ISR systems in a wide range of applications has increased their demand across the globe. Advancements in ISR technologies and improvements in their manufacturing techniques have led to reduced costs of these systems. Enhanced defense and surveillance capabilities of armed forces and law enforcement are the key factors driving C4ISR market.