New Analysis from Global Industry Analysts Reveals Steady Growth for Space Based C4ISR, with the Market to Reach $22 Billion Worldwide by 2026

SAN FRANCISCO  , July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Space Based C4ISR - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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What's New for 2022?

• Global competitiveness and key competitor percentage market shares
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Edition: 8; Released: January 2022
Executive Pool: 6117
Companies: 28 - Players covered include BAE Systems PLC; Boeing Company; CACI International, Inc.; General Dynamics Corporation; Harris Corporation; Kratos Defense & Security Solutions, Inc.; Lockheed Martin Corporation; Maxar Technologies Ltd.; Northrop Grumman Corporation; Northrop Grumman Corporation; Thales Raytheon Systems; The Rheinmetall Group - Defence Sector and Others.
Coverage: All major geographies and key segments
Segments: Type (Command & Control, ISR, Communication, Computer, Electronic Warfare, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Space Based C4ISR Market to Reach $22 Billion by 2026
Amid the COVID-19 crisis, the global market for Space Based C4ISR estimated at US$16.8 Billion, is projected to reach a revised size of US$22 Billion by 2026, growing at a CAGR of 4.6% over the analysis period. Command & Control, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$8.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the ISR segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.2 Billion in 2021, While China is Forecast to Reach $3.9 Billion by 2026
The Space Based C4ISR market in the U.S. is estimated at US$5.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2026 trailing a CAGR of 4.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Communication Segment to Reach US$3.5 Billion by the year 2026
In the global Communication segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.2 Billion will reach a projected size of US$2.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.