Press release
Airborne ISR Market Growth, Share, Demand, Outlook and Forecast by 2023-2030
Airborne ISR Market
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Segmentation:
By type, the market is segmented into manned and unmanned. Based on application, it is classified into Maritime Patrol, Airborne Ground Surveillance (AGS), Airborne Early Warnings (AEW), and Signals Intelligence (SIGNIT). As per fuel type, it is categorized into hydrogen fuel cells, solar powered, battery operated, alternate fuel, and gas-electric hybrid. Geographically, it is classified into North America, Europe, Asia Pacific, and the Rest of the World.
Report Coverage:
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Driving Factors:
Advanced Data Integration to Bolster Commercial ISR Potential
Airborne intelligence, surveillance, and reconnaissance (ISR) systems help detect hostile and friendly forces and assess the damage caused to hostile targets within a region. Advanced data integration and the incorporation of multi-level comparison for data management and integrity may enhance the industry outlook. Further, rising government investments in the research and development of better airborne ISR systems are expected to enhance technology adoption. Moreover, the rising demand for Unmanned Aerial Vehicles (UAV) is expected to elevate sales. These factors may drive the airborne ISR market growth.
However, the negative impact of the pandemic on the aviation industry may hamper the industry's growth.
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Regional Insights:
Robust Investments in ISR in U.S. to Elevate Market Progress in North America
North America is expected to dominate the airborne ISR market share because of robust investments in ISR in U.S. Furthermore, the high rate of profitability, acquisitions, and collaborations of big players may bolster market progress.
In Asia Pacific, the rising demand for a situational awareness system is expected to bolster the adoption of the product. Further, rising defense spending in India, South Korea, and China. These factors may bolster market growth in the region
In Europe, high levels of investments in the aerospace sector are expected to boost the adoption of airborne ISR. Further, the introduction of advanced technologies and expanding military programs are expected to elevate industry progress.
Competitive Landscape:
Major Players Incorporate Technologically Advanced Features to Enhance Service Offerings
Prominent players operating in the market integrate technologically advanced features in their product offerings and elevate the brand image. For example, L3 and Raytheon were hired by the U.S. Army to develop, integrate, manufacture, and demonstrate prototype communications intelligence (COMINT) and electronic intelligence (ELINT) sensors on its novel reconnaissance (ISR) Multi-Domain Sensing System (MDSS), HADES intelligence in June 2021. This development may allow the company to enhance its service offerings and boost its brand presence.
Key Industry Development:
October 2021: The SMi hosted 6th Airborne ISR conference shall be held in London on 20th and 21st October 2021. Topics such as Threat Evolution, Industrial Engagement, Data Dissemination, 5th Generation ISR, International Surveillance Cooperation, AWACS, UAV Technology, and Maritime Patrol shall be covered in depth in this event.
List of Key Players Profiled in the Airborne ISR Market Report:
L3Harris Technologies, Inc. (U.S.)
Boeing (U.S.)
BAE Systems (U.K.)
Elbit Systems Ltd (Israel)
FLIR Systems Inc. (U.S.)
Northrop Grumman (U.S.)
General Dynamics (U.S.)
Thales (France)
Raytheon (U.S.)
UTC Aerospace Systems (U.S.)
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