China C4ISR market is estimated to grow at a CAGR of 4.2 % during the forecast period. Some of the major factors attributing to the growth of market in China include the presence of major market players in the country, huge defense expenditure sanctioned by the country’s governemnt, and substantial number of defense research activities. The country invested around $250 billion in military 2018. China has been highly engaged in improving naval infrastructure due to its regional territorial and maritime disputes. Therefore, the country continued construction of outposts in the Spratly Islands. The on-going developments in the army of the country will require C4ISR for better connectivity thus, making significant contribution towards the market growth.
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- Category: Business
- Tags: competitive analysis, forecast- 2019-2025, share, size, trends