Japan, Japan, Tue, 05 Apr 2022 22:54:31 / Comserve Inc. / – The Asia-Pacific C4ISR Market is estimated to register a CAGR of over 4% during the forecast period.
The Asia-Pacific C4ISR Market is estimated to register a CAGR of over 4% during the forecast period.
– The advancements and developments in the field of battlefield management for obtaining better tactical communications and for improving the effectiveness of surveillance and reconnaissance missions are driving the Asia-Pacific C4ISR market.
– The growing demand for the development of electronic warfare by countries in the region such as China, India, and Japan, among others, is expected to generate more demand for the C4ISR market.
– The growing use of artificial intelligence is also influencing the growth of the market as the complexity of the current C4ISR environment and the high amount of generated data have given rise to the need for automated systems that can ingest data at high volume, process it with low latency, and derive actionable intelligence.
Request To Download Sample of This Strategic Report: https://www.sdki.jp/sample-request-83632
Key Market Trends
The Land Segment Had the Largest Market Share in 2019
Currently, the land segment dominates the market, owing to increasing territorial issues between the countries in the region. In addition to the issues among the countries in the region that share a common land border, conflicts also prevail with the adversary forces for some countries in the region. These issues have forced countries to increase their ISR capabilities, in addition to modernizing their armed forces. These factors are expected to drive the procurement of various land vehicles which, in turn, is expected to generate more demand for better and advanced tactical communication links, along with electronic warfare hardware and software. However, countries in the region are facing major challenges such as securing data storage and mining infrastructure, bringing more synergy in analysis, enhancing image processing and information-sharing capabilities, digitizing existing information and its co-relation. In addition, the space-based segment is expected to grow with the highest CAGR during the forecast period as the need for better surveillance and faster response time has been growing over the years and countries in Asia-Pacific are investing heavily to obtain better space- based C4ISR capabilities, to bolster their knowledge of activities in the region.
China to Experience highest CAGR during the forecast period
China had the highest share in the market in 2019, and it is expected to dominate the market throughout the forecast period, due to the development of manned and unmanned aircraft, reconnaissance satellites, and sophisticated ground-based infrastructure that are deployed into China’s emerging network -centric military. Additionally, the country is involved in the development of advanced UAVs, such as the Wing Loong ID UAV, designed for missions such as intelligence, surveillance, and reconnaissance (ISR), border patrol, counter-terrorism, and anti-smuggling. China had developed its own AEWC & C system, KJ-2000. The KJ-2000 has indigenously produced phased array radar capable of tracking sixty to one hundred aerial targets simultaneously at a distance of up to four hundred and seventy kilometers. China is also investing heavily in space-based C4ISR capabilities. The country has allocated significant resources for improving space-related research, development, and launch infrastructure. In the past few years, there has been a major advancement in China’s C4ISR related space development programs, such as the Beidou-2 satellite series, which is the country’s GPS alternative and will receive global coverage by mid-2020. China has also modernized and expanded its space launch infrastructure to facilitate the space C4ISR programs. Such developments are expected to propel the market growth of the country during the forecast period.
Prominent international players in the Asia-Pacific C4ISR market are Lockheed Martin Corporation, Thales Group, Raytheon Company, BAE Systems plc, and General Dynamics Corporation. However, due to the growth of indigenous development of arms, military equipment, and manned and unmanned vehicles, countries such as China and India are supporting local players, including AVIC and DRDO, to develop advanced military technologies that can support the armed forces. This is expected to hamper the growth of international players in the Asia-Pacific region. Many companies are pitching their products to the countries in the region to increase their market presence in the region. For instance in February 2020, at DEFEXPO India, Rafael Advanced Systems showcased BNET broadband IP SDR (software-defined radio) for tactical communications, the system provides high-speed, low-delay, reliable connectivity for broadband data, voice, and video on the move. According to the company, It delivers unprecedented network capacity in terms of data rates, number of users and minimal delay, BNET enables all land, sea, and air radio units to participate in a single, seamless, scalable mobile and hoc network (MANET) . Companies are also benefitting from the modernization programs implemented by the countries, for instance, in March 2020, Indonesian Navy signed a contract with Thales and Len Industri for the complete modernization of KRI Usman-Harun multi-role light frigate’s mission system. In the contract Thales and Len Industri will install the TACTICOS Combat Management System, the SMART-S Mk2 air and surface surveillance radar, the STIR EO Mk2 radar and EO fire control system and the Vigile Mk2 tactical multi-purpose R-ESM systems. The upgrade of KRI Usman-Harun is expected to be completed by the end of 2023. Such developments are expected to bolster the market opportunities for foreign players in the region.
Click Here to Download Sample Report: https://www.sdki.jp/sample-request-83632
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– 3 months of analyst support
The dynamic nature of the business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
For more information, please contact:
Shibuya Data Count
Tel: + 81 3 45720790
The post Asia-Pacific C4ISR Market: Industry Insights, Major Key Players and Current Trends Analysis and Forecast: 2022-2031 appeared first on Comserveonline.