Airborne Intelligence, Surveillance and Reconnaissance Market Analysis by Size, Business Strategies, Share, Growth, Trends, Revenue, Competitive Landscape and Developments Forecast by 2028
The global airborne Intelligence, Surveillance and Reconnaissance (ISR) market size reached USD 9.53 Billion in 2020 and is expected to register a revenue CAGR of 6.4% during the forecast period, according to latest analysis by Emergen Research.
Rising demand for Unmanned Aerial Vehicles
(UAVs) and increasing threats of terrorist attacks are factors projected to
support market revenue growth between 2021 and 2028. In addition, increasing
technological advancements for better data accuracy will continue to boost
revenue growth of the market going ahead.
Rapid technological advancements in the
defense sector are resulting in development and deployment of more innovative
solutions and systems and the trend is expected to continue over the forecast
period. Increasing usage of smaller unmanned surveillance systems is expected
to lead to incline in demand for electronic parts and components being used
in ISR missions.
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Competitive Terrain:
The Global Airborne
Intelligence, Surveillance and Reconnaissance Market is highly consolidated due
to the presence of a large number of companies across this industry. The report
discusses the current market standing of these companies, their past
performances, demand and supply graph, production and consumption patterns,
sales network, distribution channels, and growth opportunities in the market at
length. The report scrutinizes the strategic approach of key market players
towards expanding their product offerings and fortifying their market foothold.
Key players involved
in the market such as Northrop Grumman Corporation, Lockheed Martin
Corporation, Raytheon Technologies Corporation, Thales Group, Hensoldt AG, BAE
Systems plc, Leonardo SPA, Saab AB, Aselsan A.S., and L3Harris Technologies,
Inc.
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The global Airborne Intelligence, Surveillance
and Reconnaissance market report covers the analysis of drivers, trends,
limitations, restraints, and challenges arising in the Airborne Intelligence,
Surveillance and Reconnaissance market. The report also discusses the impact of
various other market factors affecting the growth of the market across various
segments and regions. The report segments the market on the basis of types,
applications, and regions to impart a better understanding of the Airborne
Intelligence, Surveillance and Reconnaissance market.
Emergen Research has segmented global
airborne Intelligence, Surveillance and Reconnaissance (ISR) on the basis of
type, offerings, platform, application, end-use, and region:
Type Outlook (Revenue, USD Billion;
2018–2028)
Manned Intelligence, Surveillance and
Reconnaissance (ISR)
Unmanned Intelligence, Surveillance and
Reconnaissance (ISR)
Offerings Outlook (Revenue, USD
Billion; 2018–2028)
Solutions
Systems
Services
Platform Outlook (Revenue, USD
Billion; 2018–2028)
Helicopters
Aircraft
Unmanned Systems
Application Outlook (Revenue, USD
Billion; 2018–2028)
Maritime Patrol & Border Security
Rescue Operations
Tracking & Target Acquisition
Tactical Support
Infrastructure Protection
Homeland Security Missions
Others
End-Use Outlook (Revenue, USD Billion;
2018–2028)
Homeland Security
Defense
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Key Highlights
from the Report
Unmanned Intelligence, Surveillance and Reconnaissance
(ISR) segment is expected to register fastest revenue CAGR during the
forecast period. Unmanned systems include Remotely Piloted Air Systems (RPAS),
wherein an Unmanned Aerial Vehicle (UAV) is commanded by pilots remotely. An
Unmanned Aerial System (UAS) can alternatively be an autonomously operated UAV
and, more frequently, a semi-autonomous UAV.
Unmanned systems provide monitoring solutions by
combining Traffic Alert and Collision Avoidance System (TCAS), transponders,
terrain awareness, distance measuring devices, and Automatic Dependent
Surveillance-Broadcast (ADS–B) into a unified and streamlined component that
delivers unmatched operational performance and reliability.
Homeland security segment is expected to register a
significantly robust revenue growth rate over the forecast period due to rising
demand for airborne ISR systems for police and homeland security applications.
Regional Outlook of Airborne
Intelligence, Surveillance and Reconnaissance Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Key Questions Answered in the Report:
What will be the estimated growth rate of the Airborne
Intelligence, Surveillance and Reconnaissance market by 2028?
Who are the prominent distributors, vendors,
and manufacturers of the market?
What are the driving and restraining factors
of the growth of the Airborne Intelligence, Surveillance and Reconnaissance
market throughout the forecast period?
What are the current and future market trends
of the Airborne Intelligence, Surveillance and Reconnaissance market?
What are the sales and price analysis of the
product by types, applications, and regions?
What are the expected opportunities for the
companies and new entrants in the coming years?
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