Global Airborne ISR Market Outlook, Opportunities And Strategies – Includes Airborne ISR Market Size
Learn about the global airborne ISR market through The Business Research Company, which provides information on airborne ISR market size, airborne ISR market drivers and restraints, airborne ISR market players, the COVID-19 impact on the airborne ISR market, and more.
The global airborne ISR market is expected to grow from $24.06 billion in 2021 to $25.66 billion in 2022 at a compound annual growth rate (CAGR) of 6.64%. The global airborne ISR market size is expected to grow to $31.90 billion in 2026 at a compound annual growth rate (CAGR) of 5.60%.
The growing threat of a terror attack is expected to drive the demand for the airborne ISR market.
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The airborne ISR market consists of the sales of airborne ISR by entities (organizations, sole traders, and partnerships) that refer to hardware and software systems used to gather accurate and timely information on enemy forces through advanced technologies and real-time intelligence to secure potential threats. The purpose of airborne ISR is to collect information about the enemy by observing their behaviour and tracking their movements. The efficient use of ISR data could provide advanced warning of enemy threats, allowing military forces to improve their effectiveness and coordination.
Global Airborne ISR Market Segments Include:
By Solution: Systems, Software, Services
By Platform: Military Aircraft, Military Helicopters, Unmanned Systems
By Application: Search and Rescue Operations, Border and Maritime Patrol, Target Acquisition and Tracking, Critical Infrastructure Protection, Tactical Support, Others
By End User: Defense, Homeland Security
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global airborne ISR market in 2021.
Rapid technological advancement is a key trend gaining popularity in the airborne ISR market. Major companies operating in the airborne ISR market are focused on providing technologically advanced solutions to meet fast-growing end-user demand and strengthen their market position across the globe. These companies are implementing next-generation airborne ISR systems and software technologies into their services, such as artificial intelligence, big data analytics, robotics, satellite systems, evidence reporting, geothermal reporting, quantum technology, and others to collect information related to the enemy’s strength, movements, and activity.
Major Market Players: Raytheon Technologies Corporation, Lockheed Martin, BAE Systems, Northrop Grumman, L3Harris Technologies, Inc., Thales Group, Elbit Systems Ltd., General Dynamics, FLIR Systems Inc., Airbus, General Atomics, CACI International Inc., UTC Aerospace Systems, PAL Aerospace, and ALTUS LSA.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Airborne ISR Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides airborne ISR market overviews, analyzes and forecasts market size, share, airborne ISR market players, airborne ISR market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s airborne ISR market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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