NEWTOWN, Conn., April 29, 2019 (GLOBE NEWSWIRE) -- The C4I market direction will be driven by contemporary defense concerns such as cyberspace and the progressive mainstreaming of new innovations in technology. While older systems are receiving sustainment services, manufacturers are also working on the next generation of systems. Forecast International projects the C4I market to be worth at least $75.926 billion over the 2019-2028 timeframe.
"Nations the world over face an evolving array of cyber-based threats arising from a variety of sources," said Richard Sterk, Senior Analyst and editor of Forecast International's yearly analysis "The Market for C4I," adding, "Without a doubt, the one C4I market segment that stands out with signs of explosive growth is cybersecurity."
Forecast International's projections are the result of a review and analysis of over 200 leading C4I programs. Based on the results of FI's modeling, the top defense companies in the global C4I market are Raytheon, Lockheed Martin, Northrop Grumman, Saab AB, and Harris.
"As more and more network breaches occur with data stolen or corrupted – and the realization that the system has been compromised for quite some time," said Sterk, "one can expect an ever-increasing amount of funding to be pumped into cyberspace – specifically cybersecurity – across a wide spectrum of countries."
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, Connecticut, 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.
Learn more about Forecast International at the following sites:
- FI on the Web: www.forecastinternational.com, www.fi-aeroweb.com, www.fi-powerweb.com
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- FI Blog: http://blog.forecastinternational.com/wordpress
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