DUBLIN--(BUSINESS WIRE)--The "Global Land Based C4ISR Market - Trends, Manufacturer Shares, Progress and Challenges (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
In 2018, North America had the highest share of the market; however, military budget cuts in US is likely to impact the market immensely by 2019. The Budget Control Act, passed by US Congress in 2011, aims to cut USD 487 billion from the overall military spending in the next 10 years, with an additional sequestration of USD 495 billion by the government because of short-term fiscal concerns.
For example, in 2015, China had planned to lay off 300,000 army personnel from the 2.3 million military strength, due to the economic slowdown in the country. Similarly, between 2010 and 2020, the UK is expected to reduce the size of its military troops from 178,000 to 147,000, with an immediate reduction of 4,480 personnel by 2015. In 2015, US Army had planned to reduce more than 40,000 troops over the next two years.
The military is evolving at a faster rate, propelled by developments in industry and by the cutting-edge capabilities emerging from Pentagon research organizations like the Defense Advanced Research Projects Agency. APAC is expected to grow significantly as compared to the other regions. It consists of countries with high military expenditure, such as India and China. With geopolitical tensions in South China Sea and border issues in multiple countries, procurement of C4ISR will increase across the region.
- Elbit Corporation
- Harris Corporation
- Thales Group
- ThalesRaytheon Systems S.A.
- CACI International Inc
- BAE Systems Plc
- Sabre Systems
- Lockheed Martin
- Northrop Grumman Corporation
- Kratos Defense and Security Solutions
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview And Technology Trends
5. Market Dynamics
6. Global Land Based C4ISR Market Segmentation, By Type
7. Global Land Based C4ISR Market Segmentation, By Geography
8. Competitive Landscape
9. Company Profiles
10. Future Outlook
For more information about this report visit https://www.researchandmarkets.com/research/m66jcz/global_land_based?w=4