The report investigates the factors influencing industry growth in the global Airborne Intelligence, Surveillance and Reconnaissance Market and makes accurate predictions about the growth pattern. The report focuses on the market's key elements, such as drivers, restraints, opportunities, threats, risks, limitations, and other factors. The report includes a detailed analysis of the company profiles, product portfolio, and business expansion strategies, as well as a comprehensive analysis of the competitive landscape.
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. Effective data integration combined with multi-level comparable analysis to improve accuracy of data and management is expected to open up new opportunities in the market in the near future.
However, problems in designing airborne ISR systems and worries about their accuracy and operational constraints are factors that are anticipated to restrain market revenue growth to some amount throughout the course of the projected year.
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Competitive Terrain:
The global Airborne Intelligence Surveillance and Reconnaissance industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
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
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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.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Airborne Intelligence Surveillance and Reconnaissance market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Airborne Intelligence Surveillance and Reconnaissance market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Airborne Intelligence Surveillance and Reconnaissance market.
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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
Regional Outlook:
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Airborne Intelligence Surveillance and Reconnaissance Market report:
- The latest report comprehensively studies the global Airborne Intelligence Surveillance and Reconnaissance market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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