in ,

Reportlinker: C4ISR Tech Spending in North America to Reach $732B by 2027

Reportlinker: C4ISR Tech Spending in North America to Reach $732B by 2027 - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

Reportlinker: C4ISR Tech Spending in North America to Reach $732B by 2027 - top government contractors - best government contracting eventReportlinker has unveiled a new report that predicts the global market for command, control, communications, computers, intelligence, surveillance and reconnaissance systems will reach more than $177 billion in cumulative value by 2027 at a 2.4 percent compound annual growth rate.

An increasing demand for battle-space awareness and network centric warfare modernization efforts will help drive C4ISR market growth over the 10-year forecast period, Reportlinker said Thursday.

North America is forecast to spend more than $732 billion on C4ISR systems through 2027, primarily driven by adoption of C4ISR equipment to support overseas missions.

The report noted that North America will account for 44 percent of the entire market, followed by the Asia-Pacific region with 22.4 percent, Europe with 22 percent.

Middle East is projected to capture 7 percent of the C4ISR market while Africa and Latin America are predicted to collectively represent 3.5 percent of that market.

Vendors featured in the report include:

  • BAE Systems
  • Boeing
  • CACI International
  • Elbit Systems
  • General Dynamics
  • Harris
  • Kratos Defense and Security Solutions
  • L3 Technologies
  • Lockheed Martin
  • ManTech International
  • Northrop Grumman
  • Raytheon
  • Rheinmetall Defence
  • Rockwell Collins
  • SAAB
  • Serco
  • ThalesRaytheonSystems
ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about C4ISR News

mm

Written by Joanna Crews

Report: Marine Corps to Pick New Amphibious Vehicle by Summer 2018 - top government contractors - best government contracting event
Report: Marine Corps to Pick New Amphibious Vehicle by Summer 2018
AT&T, FirstNet Get 53 Opt-Ins for Public Safety Broadband Network Project - top government contractors - best government contracting event
AT&T, FirstNet Get 53 Opt-Ins for Public Safety Broadband Network Project