Airborne Surveillance Market Chief Industry Participants Include BAE Systems, Boeing, Lockheed Martin Corporation, Raytheon Company, Flir Systems, Israel Aerospace

Airborne surveillance system aims to provide early airborne unusual activities warning. It consists of antenna, airborne data processor, and integrated navigation system, which are featured to provide high accuracy navigation system. These are responsible for tracking and scanning of required target. They receive signal from transmitting radar, analyze the signal and transmit the signal to the receiving radar and provide navigation of the target.

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Major driving factor for the growth of global airborne surveillance market is increasing adoption of unmanned aerial vehicles (UAV) in commercial sector, which has applications in agriculture, government agencies, and other major industries. For instance, according to the Federal Aviation Administration (FAA), around 7 million drones are expected to ship to the U.S. by 2020, which includes sales of around 2.7 million commercial drone by 2020 from 600 thousands in 2016.

Increasing concern regarding safety and security along with digitization and advanced technologies used in mapping software and high resolution satellite imagery are prominent factors expected to accelerate the growth opportunity of the commercial drones market, which are expected to consequently fuel global airborne surveillance market growth.

Airborne Surveillance Market: Regional Insights

The market for North America is expected to account for largest share in the global airborne surveillance market. High defense funding, increased focus on minimal troop casualties, minimum financial loss, and increased focus on the development of advanced airborne systems are key factors to have a positive impact in the U.S. market, which in turn is expected to fuel regional market growth. In July 2017, the U.S. Navy sent out proposals to four defense contractors to the General Atomics, Boeing, Lockheed Martin, and Northrop Grumman for modulated reconnaissance requirement while enhancing the proposed unmanned aircraft’s aerial tanking duties.

Airborne Surveillance Market: Competitive Background

Major players operating in the global airborne surveillance market include BAE Systems, Boeing, Lockheed Martin Corporation, Raytheon Company, Flir Systems, Israel Aerospace Industries Ltd., L-3 Wescam, Leica Geosystems AG, Leonardo, Northrop Grumman Corporation, and Saab AB.

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Airborne Surveillance Market Taxonomy:

On the basis of type, the global airborne surveillance market is segmented into:

• LiDAR
• Radar
• Imaging System

On the basis of product type, the global airborne surveillance market is segmented into:

• Manned system
• Unmanned system

On the basis of application, the global airborne surveillance market is segmented into:

• Military, Defense, and Security
• Commercial

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This release was published on openPR.