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Asia-Pacific C4ISR Market Size, Share, Trends & Forecast 2019-2025

Asia-Pacific C4ISR Market Size, Share, Trends & Forecast 2019-2025

Submitted by • March 20, 2020 www.omrglobal.com

Asia-Pacific C4ISR market is estimated to grow at a CAGR of 4.8 % during the forecast period. This is attributed to the increase in military expenditure in the emerging economies of the region such as China, India, and South Korea. According to SIPRI, China spent around $250 billion in 2018 as compared to around $227 billion in 2017. Further, India and South Korea spent $66.5 billion and $43 billion in 2018 as compared to around $64 billion and $39 billion in 2017, respectively. These economies are significantly focusing on the disposition of advanced system and services for its military sector, which includes the up gradation of sensor and intelligence warfare systems.

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Voted by pooja makkhar

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