Press release
Airborne Intelligence Surveillance Reconnaissance Market
Airborne Intelligence Surveillance Reconnaissance Market
The largest defence spenders in the world, including the US, UK, Russia, India, and China, are projected to either modernise or replace their entire fleet of airborne intelligence surveillance and reconnaissance apparatus. In addition, there are a variety of customization choices, sensor upgrades, and payment methods available for the airborne intelligence surveillance and reconnaissance sector.
From 2017 to 2022, the airborne intelligence surveillance and reconnaissance market is anticipated to grow at a strong CAGR of 6.2%.
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• Gas-electric hybrids are projected to have a marginal revenue share in the airborne intelligence surveillance and reconnaissance market by fuel type segment in 2017 but should gain some share going forward. An absolute dollar opportunity of more than US$ 780 million can be attributed to gas-electric hybrids from 2017 to 2022. Solar powered airborne intelligence surveillance and reconnaissance equipment is a similar niche at present as the investment in solar energy is marginal at best, especially when compared to conventional airborne intelligence surveillance and reconnaissance equipment. Nonetheless, companies actively involved in the solar powered segment could seek to target North America as the region is predicted to near a value of US$ 1 billion by end 2022
• A quarter of the revenue share by fuel type segment in the airborne intelligence surveillance and reconnaissance market is on account of alternative fuels. The alternative fuel segment is assessed to witness a robust CAGR in excess of 5.5% from 2017 to 2022, making it imperative for key stakeholders in the airborne intelligence surveillance and reconnaissance market to be present in this segment. Hydrogen fuel cell segment presents a slightly smaller market opportunity that the alternative fuel segment in the airborne intelligence surveillance and reconnaissance market. However, it can scarcely be ignored entirely as major players are investing heavily in tapping hydrogen as a fuel source because of its ubiquity
• The battery-operated segment is the largest in the airborne intelligence surveillance and reconnaissance market by fuel type. It is unlikely to cede its leadership position even if it loses market share. The North America battery-operated airborne intelligence surveillance and reconnaissance market is worth more than US$ 3.5 billion at the end of the forecast period
• Persistence Market Research has profiled a few of the most prominent companies that have shaped the airborne intelligence surveillance and reconnaissance market. The companies include Thales S.A, Rockwell Collins, Raytheon Company, General Dynamics Corporation, Boeing Co., UTC Aerospace Systems, Northrop Grumman Corp., Lockheed Martin Corporation, L3 Technologies, and BAE Systems.
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Airborne Intelligence Surveillance and Reconnaissance Market Taxonomy
Region
North America
Latin America
Europe
Japan
APEJ
MEA
Aircraft Type
Unmanned ISR
Manned ISR
Fuel Type
Battery Operated
Hydrogen fuel-cells
Alternate Fuel
Gas-Electric Hybrids
Solar Powered
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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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