Press release
Airborne ISR Market Trends, Top Companies, Share, Growth And Forecast 2032
Airborne ISR Market
The Business Research Company's Airborne ISR Global Market Report 2023 identifies the growing threats of a terror attack as the major driver for the airborne ISRmarket's growth in the forecast period.Terrorist attacks refer to violence created by a group of individuals to create a climate of fear among the population and thereby promote a political objective. An increase in terror attacks across the globe is expected to boost demand for airborne ISR since the government and multiple security agencies are extensively investing in technologically advanced systems to predict and eradicate possible terrorist attacks, thereby promoting peace and harmony.
The global airborne ISR market size grew from $25.01 billion in 2022 to $25.63 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The airborne ISR market size is expected to grow to $30.29 billion in 2027 at a CAGR of 4.3%.
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Major competitors in the airborne ISR market are Raytheon Technologies Corporation, Lockheed Martin, BAE Systems, Northrop Grumman, L3 Harris Technologies, Inc., Thales Group, Elbit Systems Ltd., General Dynamics, FLIR Systems, Inc., Airbus, General Atomics, CACI International Inc., UTC Aerospace Systems.
A key trend in the airborne ISR market includes technological advancement. Major companies operating in the airborne ISR market are focused on providing technologically advanced solutions to meet fast-growing end-user demand and strengthen their market position across the globe. These companies are implementing next-generation airborne ISR systems and software technologies into their services, such as artificial intelligence, big data analytics, robotics, satellite systems, evidence reporting, geothermal reporting, quantum technology, and others to collect information related to the enemy's strength, movements, and activity. For instance, In June 2021, CarteNav Solutions, Canada-based situational solutions company, developed AIMS-ISR mission system software that offers multi-sensor controls, geo-referenced moving maps, evidence reporting, SIGINT, custom mapping, and additional mission optimization solutions to reduce human error.
Read More On The Global Airborne ISR Market Report Here:
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The airborne ISR market is segmented -
• By Solution: Systems, Software, Services
• By Platform: Military Aircraft, Military Helicopters, Unmanned Systems
• By Application: Search and Rescue Operations, Border and Maritime Patrol, Target Acquisition and Tracking, Critical Infrastructure Protection, Tactical Support, Others
• By End User: Defense, Homeland Security
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the airborne ISR market.
The Business Research Company's "Global Airborne ISR Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Airborne ISR Market Include:
1. Executive Summary
2. Airborne ISR Market Characteristics
3. Airborne ISR Market Trends And Strategies
4. Airborne ISR System Forwarding Market - Macro Economic Scenario
5. Airborne ISR Market Size And Growth
……
26. Africa Airborne ISR Market
27. Airborne ISR Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airborne ISR Market
29. Airborne ISR Market Future Outlook and Potential Analysis
30. Appendix
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• About you –…
