Advertisement

You will be redirected to the page you want to view in  seconds.

Global C4ISR spending to remain flat

Oct. 9, 2013 - 01:26PM   |  
By MICHAEL PECK   |   Comments
  • Filed Under

Global spending on C4ISR systems will remain fairly flat over the next decade, according to a new forecast from ASDReports.

“Despite the place of C2/C4ISR systems at the heart of modern warfare, the global market is only projected to register a CAGR [compound annual growth rate] of 0.32% over the next decade,” said the study, “The Global C2/C4ISR Market 2013-2023.”

“This low CAGR is, however, a reflection of the pre-existing centrality of C2/C4ISR systems to military operations — especially following the conflicts in Afghanistan and Iraq — with sustained and constant investment set to continue over the next ten years that will ultimately see the market valued at US $94.4 billion by 2023.”

However, the study also noted that “modern warfare’s potent blend of physical and mental challenges, where enemies range from nations to societal factions such as terrorist groups, puts C2/C4ISR systems at the heart of a nation’s defense infrastructure, and are considered to be the most important tools for victory.”

More In C4ISRNET

Start your day with a roundup of top defense news.

More Headlines

Subscribe!

Subscribe!

Login to This Week's Digital Edition

Subscribe for Print or Digital delivery today!

Exclusive Events Coverage

In-depth news and multimedia coverage of industry trade shows and conferences.

TRADE SHOWS:

CONFERENCES:

Defensenews TV

  • Sign-up to receive weekly email updates about Vago's guests and the topics they will discuss.