New Opportunities to Fuel the Expansion of Airborne Intelligence Surveillance and Reconnaissance Market

In this age of global terrorism, constant vigilance is necessary to always remain one step of nefarious elements in society. Nations across the world have taken this extremely seriously and are doing all they can to improve their surveillance and reconnaissance capabilities, cuts in defense budgets notwithstanding. Over the next decade or so, nations such as the U.S., China, Russia, and India are expected to modernize or entirely replace their airborne intelligence surveillance and reconnaissance equipment. This is primarily because of their intrinsic defense requirements coupled with the airborne intelligence surveillance and reconnaissance equipment market being flooded with customization options, technological upgrades, and alternative purchase models. The airborne intelligence surveillance and reconnaissance equipment market is poised to be worth slightly under US$ 30 billion in end 2022.

Unmanned ISR Far More Popular Than Manned ISR

Unmanned ISR had a revenue share greater than two-thirds in the airborne intelligence surveillance and reconnaissance equipment market by aircraft type segment in 2017 and are on track to gain market share going forward. Unmanned ISR’s are preferred over their manned counterparts because they are far safer and have minimal risk to human life. The unmanned ISR segment in the airborne intelligence surveillance and reconnaissance equipment market is assessed to have a value of almost US$ 20 billion at the end of the forecast period. Manned ISR account for the balance revenue share in the airborne intelligence surveillance and reconnaissance equipment market and are predicted to lose share at the expense of unmanned ISR’s. North America has a large contribution in the airborne intelligence surveillance and reconnaissance equipment market and companies are advised to focus on the US as it has a huge defense budget and should continue to remain the preeminent military spender.

Request Sample: https://www.persistencemarketresearch.com/samples/19102

Even in an age of global uncertainty, economic recessions, and shrinking defense budgets, the threats faced by nations from terrorism or adversaries hardly reduces in direct proportion. That is why several of them are investing in airborne intelligence surveillance and reconnaissance equipment to always stay one step ahead and take a proactive rather than reactive approach to any situation. Countries such as the US, UK, Russia, India, and China are amongst the top defense spenders in the world and they are widely expected to either upgrade or replace their entire fleet of airborne intelligence surveillance and reconnaissance equipment. In addition to this, the airborne intelligence surveillance and reconnaissance market has been flooded with customization options, sensor upgrades, and diverse purchase models. The airborne intelligence surveillance and reconnaissance market is expected to record a robust CAGR of 6.2% for the period 2017 to 2022.

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

Download TOC: https://www.persistencemarketresearch.com/market-research/airborne-intelligence-surveillance-reconnaissance-market/toc

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 (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

305 Broadway,7th Floor
New York City, NY 10007
United States
+1-646-568-7751
+1 800-961-0353 (USA-Canada Toll free)
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com

This release was published on openPR.