Airborne ISR Market
Airborne ISR Market Size was valued at USD 6.35 billion in 2022. The Airborne ISR market industry is projected to grow from USD 6.66 Billion in 2023 to USD 9.85 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2023 - 2032).
The airborne ISR finds significant application in determining intruder’s strength, movements, and activities. This ISR system get controlled by secret intelligence services. This technological advancement provides real-time situational awareness and response. Air defense system, command centres, and others are gaining much profit from this market.
The Airborne ISR Market is witnessing a rise in demand in sync with burgeoning UAV industry. At the same time, the rising security threats across the globe is spurring the demand for inclusion of sophisticated ISR systems which is also providing much traction to the global market. Launch of wireless sensors and a shift towards a route command & control are expected to provide further thrust to the global airborne ISR market forecast Analysis.
Market Segmentation:
The global Airborne ISR Market has been segmented by MRFR based on system and purpose. This market has data backed by volume-wise and value-wise analysis.
Based on the system, the global Airborne ISR Market can be segmented into AEWC (Airborne Early Warning and Control), electronic warfare, sensors, and maritime petrol. The sensors and electronic warfare had coverage over 35.8% and 25.4% of the entire market in 2016. However, the sensor segment is expected to score the highest CAGR by recording 4.42% growth during the forecast period.
Based on the purpose, the global Airborne ISR Market can be segmented into surveillance, reconnaissance, and intelligence. The surveillance and reconnaissance segment encompassed 40.3% and 31.3% of the global market in 2016 respectively. However, the surveillance segment records the fastest growth by clocking 4.25% CAGR over the forecast period.
Key Players:
The airborne ISR market major players are Boeing (US), BAE Systems (UK), Elbit Systems Ltd (Israel), FLIR Systems Inc (US), Northrop Grumman (US), General Dynamics (US), Thales (France), Raytheon (US), UTC Aerospace Systems (US)
Regional Analysis:
North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America are the five regions in which the global Airborne ISR Market has been segmented by MRFR for a better unravelling of the demographic challenges.
North America’s huge expenditure in defense and commercial aircrafts for smooth workflow can be accredited for its immense growth. The region is further getting traction from high investment that is taking place in budgets for defense. It is expected to maintain the growth curve during the forecast period owing to several factors such as presence of market leaders, easy integration of latest technologies, and others. Europe and the APAC region are also bolstering their growth by having significant initiatives. The global market is witnessing several other factors dominating the market profoundly. Such as the growing demand of UAV, multi-role UAV remote sensors, investments on ISR payloads, and others. In the APAC and in the MEA, territorial tensions have emerged as significant factors to inspire the integration of Airborne ISR Market.
Industry News:
In January 2019, BIRD Aerosystems and HENSOLDT announced that they are ready for collaboration. This agreement includes the integration of HENSOLDT’s PrecISR with BIRD’s RCD (Radar Control and Display) system. HENSOLDT’s product PrecISR is a multi-mission surveillance radars, comprises of the newest generation gallium nitride AESA antenna technology. It can e-scan capability and it comes with large bandwidth multi-channel radar.
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