C5ISR Systems Market By Forecast Period 2023-2030
The global C5ISR market is set to gain impetus from the surging need for battlefield management systems for efficient land-based operations. It is capable of providing decision-making tools, unique sensors, and weapon platforms to soldiers or an individual commander. Raytheon Technologies Corporation, for instance, signed a contract with the U.S. Air Force in June 2020 worth USD 350 million to develop state-of-the-art battlefield management systems. As per a report by Fortune Business Insights™, titled, “ C5ISR Market, 2023-2028 ,” the market size was USD 120.35 billion in 2020. It is projected to grow from USD 123.63 billion in 2021 to USD 152.51 billion in 2028 at a CAGR of 3.04% in the forecast period. Report Source : https://www.fortunebusinessinsights.com/c5isr-market-102102 COVID-19 Pandemic: Enhancement of Capabilities in Various Countries to Aid Growth The outbreak of the COVID-19 pandemic has positively affected this industry across the globe. Most of the c...