NEWTOWN, Conn., Sept. 1, 2016 (GLOBE NEWSWIRE) -- Today, militaries share the front line of defense with intelligence agencies, law enforcement, and emergency services, with budgets reflecting the wide variety of systems and technologies currently available – including C4I systems. Forecast International's "The Market for C4I" examines 269 leading C4I programs worldwide and reviews 30 companies involved in the production of C4I systems. It projects that these programs will have a combined market value of at least $68.788 billion over the next 10 years.
"From civil disobedience to full-scale military intervention involving all-out war, world events continue to increase awareness of the critical role of C4I on the battlefield," says Richard Sterk, Senior Analyst at Forecast International. He adds, "Defense products that facilitate the flow of information will remain profitable into the future."
The C4I market starts off at $8.186 billion in value in 2016 and increases to a forecast period peak of $8.678 billion in 2017. The market then begins a slow decline from $7.029 billion in 2018 to $5.519 billion in 2025. Much of this drop is due to the completion of several programs, including the PRC-117 and PRC-152 radio programs. The projected 32.57 percent ($2.66 billion) decline in sales between 2016 and 2025 indicates that barely a third of the programs examined will be completed by the end of the 10-year forecast period.
"The glut of oil, and the resulting drop in prices, has caused an economic fallout around the world as governments once again tighten the defense budget purse strings," said Sterk. However, Sterk added, C4I, specifically communications and networking systems, continues to be a primary focus of the overall defense electronics market.
Based on the market as reviewed in this analysis, the top five C4I defense companies over the next 10 years in terms of sales volume and percent market share will be Raytheon, Northrop Grumman, Lockheed Martin, Israel Aerospace Industries (IAI), and General Dynamics.
About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. The firm, which publishes eight International Military Market services, also maintains a high posture of situational awareness and geopolitical analysis. Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International's resources and extensive base of experience can also be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements.
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Source:Forecast International, Inc.