NATO C5ISR Market Analysis, Share, Research, Business Growth and Forecast by 2029
The global NATO C5ISR market size hit USD 69.50 billion in 2021 . The market value is slated to rise from USD 73.08 billion in 2022 to USD 110.85 billion by 2029 , exhibiting a CAGR of 6.13% during the forecast period. As a worldwide Command and Control (C2) framework, C5ISR extends military C2 capabilities by providing command and control authority, situational awareness, secure encrypted communication, and military directives to assigned forces, says Fortune Business Insights TM in its report titled, “NATO C5ISR Market, 2022-2029”. Economic Impact of Russo-Ukrainian War is Hampering NATO C5ISR Market Growth The Russia-Ukraine War initiated in February 2022 affected various industries across the globe. Strict travel bans over the Ukrainian Airspace have been announced worldwide. The Russia-Ukraine War has impacted the market in 2022. The Russia-Ukraine war increases defense expenditure and strengthens defense forces from NATO countries. Most European countries have