The Global NATO C5ISR Market is valued at USD 73.08 billion in 2022 and is projected to reach a value of USD 112.02 billion in 2030 expanding at a CAGR of 6.13% over the forecast period of 2022-2030.
URL: https://www.openpr.com/news/2743375/nato-c5isr-market-demand-size-share-scope-forecast-to-2030
Global NATO C5ISR Market- Overview
The C5ISR is defined as command, control, computers, communication, cyber, intelligence, surveillance, and reconnaissance. It is generally an extended overall command and control (C2) framework, which exercises authority, situational awareness, secure encrypted communication, as well as military directives.
These are designed by designated military commanders to assigned forces for the mission accomplishments. It also assists in the real-time integration combat management as well as battlefield management systems for the army and the navy.
C5ISR has also helped in the integration of fire control radar and system, weapon system, encrypted communication, and various other network-centric warfare applications.
Adoption of unmanned vehicles that includes, UAV, UGV, and others in the military applications have increased because of advanced technology and high investments from governments worldwide.
Key Market Trends
Every market has its growth determinants and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rising cross border conflicts among different countries.
This is because different parts of the world have witnessed the border disputes because of disagreement over land possession or the control of the area between two or more states. Also, there has been a lot of spending as they purchase command, control, computers, communication, cyber, intelligence, surveillance, and reconnaissance in order to enhance situation awareness by modernizing the patrolling of the border areas.
Additionally, the recent Russia-Ukraine crisis had a positive impact on the market growth. This is because the crisis had positively impacted the NATO C5ISR market in 2022. This is because the war increased the defence expenditure as well as strengthened the defence forces from NATO countries.
On the flip side, the COVID-19 pandemic had a negative impact on the market growth over the period. This is because the high cost of developing the C5ISR was a major factor hampering the market growth. Also, the high cost of installation as well as maintenance cost of the system acted as major restrain to the market growth over the forecast period.
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Segmental analysis of the market
Based on type
• Land
• Naval
• Airborne
• Space
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
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Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
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Waste to energy (WtE) technologies consists of waste management to produce electricity or transport fuel.
This technology finds the application on various types of unwanted materials including semi-solid, liquid and gaseous waste.
Restricted land filling and growing environmental issues are also expected to further enhance global industry demand over the forecast period.
WtE is expected to solve the environmental problems related to waste by reducing the volume and decreasing the greenhouse gas emissions.
Moreover, government initiatives especially by European governments have significantly contributed to the regional WtE industry growth in the recent years.
As of 2015, more than 50% of the global population live in urban areas and, therefore, accelerating municipal solid waste accumulation.
