Press release
Airborne ISR Market 2018 Key Players: Boeing, BAE Systems, Lockheed Martin, Northrop Grumman, UTC Aerospace Systems, General Dynamics
Description:
Airborne ISR -Global Market Status and Trend Report 2018-2021 offers a comprehensive analysis on Airborne ISR industry, standing on the readers’ perspective, delivering detailed market data and penetrating insights. No matter the client is industry insider, potential entrant or investor, the report will provides useful data and information.
The global airborne ISR market is highly competitive, and vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality ISR systems with latest technology and materials. Lockheed Martin and Northrop Grumman are the two leading vendors in the market. Their focus is primarily on the implementation of light-weight materials, more electric technologies, and robust systems.
Mergers and acquisitions, along with increased collaboration with alliance partners around the world, would drive the global airborne ISR market, in the forecast period. For example, in 2000, Raytheon, a prominent supplier of the market, merged with SY Coleman Corp., to develop surveillance systems. Similarly in 2005, three ISR vendors, Titan Corp., L-3 Communications and Boeing Satellite Systems, merged to provide enhanced ISR systems and solutions.
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Major Key Players
The major players operating in global airborne ISR market, who have adopted the strategies such as geographic expansion, mergers, and acquisitions are BAE Systems (UK), Lockheed Martin (US), Northrop Grumman (US), UTC Aerospace Systems (US), General Dynamics (US), Raytheon (US), Thales (France), FLIR Systems Inc (US), Elbit Systems Ltd (Israel) and Boeing (US).
As per MRFR analysis, the global Airborne ISR Market was valued at USD 21,114.3 million in 2016, which is expected to reach USD 27,786.6 million by 2023 with a CAGR 4.10% during the forecast period 2017-2023.
Industry/ Innovation/ Related News:
September 25, 2015:- Northrop Grumman along with University of Maryland launched advanced cyber security experience for students. It includes four year honours college program that provides student experience in cyber security.
June 23, 2015:- BAE systems Launched Cloud-Based Cyber Security designed to defend against targeted attacks in Canada.
June 17, 2015:- L-3 Communications Security and Detection Systems announced new Clear Scan next generation cabin baggage explosive detection system
January 5, 2015:- BAE systems launched a Corporate Security Analysis service to guide companies through social risk monitoring and regional security analysis.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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• About you –…
