The C5ISR systems industry is being positively impacted by the rising political instability and conflicts which led to migration problem. The emergence of terrorist activities and various migration issues are major reasons for a number of countries to make efforts to strengthen their border security. Border security is one of the key factors in deciding the significance of any country’s defense mechanism. Certain kind of loopholes in border security can give rise to cases of smuggling, illegitimate immigration, and terrorism which are some of the prime threats to the security of any nation. Intelligence and surveillance systems play a vital role in the border patrolling. The surveillance systems effectively collect data in the form of digital imagery and intelligence systems and help devise an actionable plan to counter the threat of the national security. The need for enhanced border security gives rise to the demand of advanced intelligence and surveillance systems, which can provide better situational awareness.
For instance, during the European migrant crisis in 2015, the increase of immigrants in Europe from the Middle East and Africa regions led to stringent border security in Europe. Moreover, the rise in tension between countries such as India-China, India-Pakistan, China-Japan, and South Korea-North Korea, among others, have propelled the countries to strengthen their border security system with the help of advanced mechanisms. These rising instabilities among the nations have resulted in considerable increase in their defense spending for border patrolling.
The strategies employed to gain a significant market share in this growing industry have been varying from product launches, mergers and acquisitions, partnerships, agreements, and contracts. This segment provides comprehensive insights regarding development activities that the key players in the industry are adopting to compete directly. To lead the market as well as engage in the process of overall growth, a company needs to introduce new products to the market, improve the existing products’ framework, work in collaboration with the top market leaders or win new contracts, and acquire the relatively weaker companies into its stronghold. The key players that are actively participating in global C5ISR systems market include Airbus, BAE Systems, Elbit Systems, General Dynamics, Harris Corporation, Israel Aerospace Industries, Leonardo S.p.A., L3 Technologies, Lockheed Martin, Northrop Grumman Corporation, Rheinmetall Group, Raytheon Company, Saab AB, The Boeing Company, and Thales Group, among others.
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The prominent players in the C5ISR systems market adopted strategies of product launches, contracts, mergers and acquisitions, and collaborations to expand their businesses. Major companies such as Elbit Systems, General Dynamics, and Leonardo S.p.A. have launched new products to establish their presence in the market, while some players such as Northrop Grumman Corporation, Leonardo S.p.A., and Harris Corporation have focused on mergers and acquisitions, partnerships, and joint ventures to increase their geographical presence.
The C5ISR system market is anticipated to exhibit a solid and sustainable growth rate during the forecast period, owing to their usage across different platforms i.e., land, naval, and airborne. The C5ISR system enables defense commanders to make timely decisions, by presenting a common operational picture (COP) of the situation and exchanging operational information. These actions are achieved through various applications of these systems that include, command and control, communication, computer, combat system, ISR, and electronic warfare.
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