Asia-Pacific C4ISR market is estimated to grow at a CAGR of 4.8 % during the forecast period. This is attributed to the increase in military expenditure in the emerging economies of the region such as China, India, and South Korea. According to SIPRI, China spent around $250 billion in 2018 as compared to around $227 billion in 2017. Further, India and South Korea spent $66.5 billion and $43 billion in 2018 as compared to around $64 billion and $39 billion in 2017, respectively. These economies are significantly focusing on the disposition of advanced system and services for its military sector, which includes the up gradation of sensor and intelligence warfare systems.
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The market is segmented on the basis of platform and applications. Based on platform the market is sub-segmented into land, air, naval. Based on application, the market is segmented into command and control, communication, intelligence, surveillance and reconnaissance. Based on country the Asia-Pacific C4ISR market is segmented into China, Japan, and India.
Furthermore, China and India have been significantly investing in the development and acquisition of UAVs. In India, the Defense Research and Development Organization (DRDO) is highly engaged in the development of UAVs, such as Nishant, AURA, and Rustom. The demand for UAVs for military applications in Asia-Pacific is remarkable due to increasing internal and external security threats and initiatives for modernization by armed forces. UAVs are used for security and surveillance programs, which is of great importance in military applications.
Moreover, in March 2016, Indian defense forces confirmed a blueprint to buy over 5,000 UAVs over the next 10 years for nearly $3 billion, as per DRDO. This, in turn, is estimated to offer significant opportunity for C4ISR systems. Unmanned Aircraft Systems (UAS) are becoming a crucial asset in National Security Operations which require to be integrated into the C4ISR systems to support these operations. Therefore, increasing demand for UAVs is further boosting the growth of the market in the region. BAE Systems PLC, Boeing Co., Cubic Corp., Elbit Systems Ltd., Harris Corp. and L3 technologies, Inc. among others are the major market players operating in the Asia-Pacific region.
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Asia-Pacific C4ISR Market Segmentation
By Platform
· Land
· Air
· Naval
By Application
· Command and control
· Communication
· Intelligence, Surveillance and reconnaissance
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
