Intelligence Surveillance and Reconnaissance Market Size Detail Analysis focusing on Key Players like Thalesraytheon Systems, The Boeing Company, Bae Systems PIc, Northrop Grumman Corporation, Rheinmetall Defence, Harris Corporation

ISR stands for intelligence, surveillance and reconnaissance. The overall Intelligence surveillance and Reconnaissance Market was valued at US$ 41.5 bn in 2016 and is expected to grow at a CAGR of 5.16% to US$ 53.39 bn during the forecast period 2016-2021.

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ISR systems use Geospatial systems for space surveillance, radars and networks for land, Unmanned Aerial Vehicle for air, and submarines and ships for sea.

End-User Technology
ISR systems use Geospatial systems for space surveillance, radars and networks for land, Unmanned Aerial Vehicle for air, and submarines and ships for sea.

Market Dynamics
Space-based ISR constitutes the smallest part of the ISR market holding only 11.2% of it. In 2015, space-based ISR market was valued at US$ 12.61 bn in 2015 and is expected to grow to US$ 17.36 bn at a CAGR of 6.6% for the forecast period 2015-2020.

In 2015, Sea-based ISR market was valued at US$ 14.61 bn in 2015 and is expected to grow to US$ 19.84 bn at a CAGR of 6.31% for the forecast period 2015-2020. Although Land-based ISR constitutes huge part of the ISR market it is growing at a slow rate.

In 2015, Land-based ISR market was valued at US$ 48.5 bn in 2015 and is expected to grow to US$ 57.05 bn at a CAGR of 3.29% for the forecast period 2015-2020. Air-based ISR constitutes the fastest growing segment of the ISR market and has the largest market size. In 2015, air-based ISR market was valued at US$ 23.28 bn in 2015 and is expected to grow to US$ 31.26 bn at a CAGR of 6.07% for the forecast period 2015-2020.

Market Segmentation
ISR market has been segmented based on application, platform and component.

• On the basis of application: surveillance & reconnaissance, electronic warfare, intelligence, communications, command and control.
• On the basis of component: display consoles, EW hardware, communication networks, application software and networking technologies.
• On the basis of platform: land, air, sea and space.

Regional/Geographical Analysis

United States of America is leader in space-based ISR market but looking at the benefits countries like Japan and South Korea have also started adopting the space-based ISR system.

In an attempt to increase its border protection and have an efficient surveillance Saudi Arabia is going to invest hugely in air-based ISR system. To fight terrorists and threats from neighbouring countries, India is investing hugely in land-based ISR systems. Threat from countries like North Korea and China has fuelled up investments in sea-based ISR from Asia Pacific countries.
Opportunities

For efficiently integrating traditional surveillance systems at lower costs, ISR system is highly preferred. The driving forces are the emerging technological advancements such as combat systems and cyber defence. The driver of sea-based ISR market is the new threat to water borders after land borders. The opportunities for growth at higher CAGR are less because land-based ISR systems are replaced by air-based ISR systems. The drivers of Air-based ISR market are the apprehensions of stealth missiles, ballistic targeting and airborne firing. To prevent all these attacks countries are investing heavily for surveillance in air.

Key Players
The big companies in space-based ISR market are: General Dynamics, The Boeing Company, Bae Systems PIc, Northrop Grumman Corporation, Rheinmetall Defence, Harris Corporation, Thalesraytheon Systems, Caci International Inc, Lockheed Martin, and Kratos Defense and Security Solutions.

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Regional Analysis:
• North America
• US and Canada
• Latin America
• Mexico, Brazil, Argentina and Rest of Latin America
• Western Europe
• EU5 (Germany, France, Italy, Spain, U.K.)
• Nordic Countries (Denmark, Finland, Norway, and Sweden)
• Benelux (Belgium, The Netherlands, and Luxembourg)
• Rest of Western Europe
• Eastern Europe
• Russia
• Poland
• Rest of Eastern Europe
• Asia Pacific
• Chin
• India
• Japan
• Australia and New Zealand
• Rest of Asia Pacific
• Middle East and Africa
• GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
• South Africa
• North Africa
• Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

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