Global Airborne Intelligence Surveillance and Reconnaissance Market Forecast to 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 the 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 the revenue growth of the market going forward. Rapid technological advancements in the defense sector are resulting in the 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 an increase in demand for electronic parts and components used in ISR missions. Effective data integration combined with multi-level comparable analysis to improve the accuracy of data and management is expected to open up new opportunities in the market in the near future.
The analysis provides accurate growth pattern estimates and looks at the factors influencing market growth in the global Airborne Intelligence, Surveillance and Reconnaissance market. The report's primary focus is on the key market constituents, including market drivers, restraints, opportunities, threats, risks, restrictions, and other factors. The research includes comprehensive studies of the company profiles, product portfolio, and corporate expansion strategies, in addition to a complete investigation of the competition landscape.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Airborne Intelligence Surveillance and Reconnaissance market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, Hensoldt AG, BAE Systems plc, Leonardo SPA, Saab AB, Aselsan A.Å., and L3Harris Technologies, Inc
Research Report on the Airborne Intelligence Surveillance and Reconnaissance Market Addresses the Following Key Questions:
- Who are the dominant players of the Airborne Intelligence Surveillance and Reconnaissance market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Airborne Intelligence Surveillance and Reconnaissance market?
- What are the key growth drivers and restraining factors of the Airborne Intelligence Surveillance and Reconnaissance market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Airborne Intelligence Surveillance and Reconnaissance market and its key segments?
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Some 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.
- North America is expected to account for largest revenue share in the airborne Intelligence, Surveillance and Reconnaissance (ISR) market over the forecast period due to robust presence of leading market players including Northrop Grumman Corporation, Lockheed Martin Corporation, and Raytheon Technologies Corporation, among others, in countries in the region.
- In January 2021, United States Air Force awarded Northrop Grumman Corporation a USD 325 Million contract for continuous support of Joint Surveillance Target Attack Radar System (Joint STARS). The agreement for 2021, includes Total System Support Responsibility (TSSR) program for E-8C Joint STARS fleet, with Northrop Grumman serving as lead systems integrator, while providing complete support and maintenance to the United States Air Force.
Market Overview:
The report bifurcates the Airborne Intelligence Surveillance and Reconnaissance market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- 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
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Regional Landscape section of the Airborne Intelligence Surveillance and Reconnaissance report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Airborne Intelligence Surveillance and Reconnaissance market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Airborne Intelligence Surveillance and Reconnaissance with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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