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Global Airborne ISR Market 2024 - By Market Size, Drivers, Trends, Competitors And Forecast To 2033
Airborne ISR Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Airborne ISR industry. This report on Airborne ISR market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The airborne ISR market size has grown strongly in recent years. It will grow from $28.31 billion in 2023 to $30.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to military conflicts, geopolitical tensions, rise in defense budgets, threat of terrorism, government initiatives. The airborne ISR market size is expected to see strong growth in the next few years. It will grow to $39.98 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
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Key Market Players:
Raytheon Technologies Corporation, Lockheed Martin Corporation, BAE Systems PLC, Northrop Grumman Corporation, L3Harris Technologies Inc.
Market Drivers:
According to the Airborne ISR Market Report 2024 by The Business Research Company, an increasing number of IoT devices is expected to boost the growth of the airborne ISR market going forward. IoT devices refer to nonstandard computing devices that can connect to a network wirelessly and provide data. IoT devices can be integrated into airborne ISR systems to collect and transmit data from various sources, such as sensors, cameras, and other devices, to a central location for analysis. For instance, in September 2021, according to the report published by IoT Analytics, a German-based strategic business intelligence company, the number of worldwide IoT connections increased by 8% to 12.2 billion active endpoints. By 2025, it is predicted that there will be more than 30 billion IoT connections, or nearly four IoT devices per person on average . Therefore, the increasing number of IoT devices is driving the growth of the airborne ISR market.
More information about the Global Airborne ISR Market Report -
https://www.thebusinessresearchcompany.com/report/airborne-isr-global-market-report
Market segments for Airborne ISR include:
1) By Solution: Systems, Software, Services
2) By Platform: Military Aircraft, Military Helicopters, Unmanned Systems
3) By Application: Search and Rescue Operations, Border and Maritime Patrol, Target Acquisition and Tracking, Critical Infrastructure Protection, Tactical Support, Others
4) By End User: Defense, Homeland Security
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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• About you –…
