South Korea C4ISR Market: Analysis of Growth, Trends Progress and Challenges (2018-2023)
The South Korea C4ISR Market will account to $2.57 billion by 2020. This market will grow from $1.66 billion in 2015 at a CAGR of 9.21% over the coming 5 years.
Land based systems hold the highest market share amongst all the C4ISR platforms and will continue to do so till the year 2020. Missile Defense C4ISR will see incremental spending in the State of South Korea as the threat across the border keeps on escalating as the years go by.
South Korea in order to nullify North Korea is bolstering its surveillance and reconnaissance. This is one of the main reasons why the Intelligence Surveillance and Reconnaissance systems will see a high CAGR of 11.27% until 2020 and reach a size of over a billion dollars in the country. Most of the spending is expected to go into developing systems for the Unmanned Aerial Vehicles.
Korea Aerospace Industries is one of the leading players in the C4ISR Market of South Korea and will lead the development of the C-UAV, which will be operational by the year 2030. South Korea is also leading the efforts to create unmanned scientific Border surveillance systems to protect against North Korea and this is contributing smartly to the C4ISR Market.
Thales, Northrop Grumman, l3 communications and Raytheon are some of the important players in the South Korea C4ISR market. This market has been segmented by Type (Command & Control, ISR, Computer, Communication, Electronic Warfare) and by Platform (Land Based, Air Based, Sea Based, Space Based)
What the report offers
1. Market analysis for the South Korea C4ISR Market, with region specific assessments and competition analysis on global and regional scales
2. Market definition along with the identification of key drivers and restraints
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
4. Extensively researched competitive landscape section with profiles of major companies along with their market shares
5. Identification and analysis of the macro and micro factors that affect the South Korea C4ISR Market on both global and regional scales
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market