Airborne ISR Market worth USD 9.4 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Airborne ISR Market by Type (Manned and Unmanned), by Application (Maritime Patrol, Airborne Ground Surveillance, Airborne Early Warnings, and Signals Intelligence), by Region – Global Share and Forecast to 2030". The global airborne ISR market size is expected to grow from USD 6.6 billion in 2021 in 2021 to USD 9.4 billion by 2030, at a CAGR of 7.4% during the forecast period. With an increasing number of airborne ISR system providers currently, the competition in this market is high. Being a profitable one, the market is also opening the gates for new entrants, who are coming in with the latest technologies. Partnerships in the industry may help the technology transfer between players, enabling mutual growth. Several state-owned companies are also focusing on developing their own airborne ISR capabilities, which is expected to further intensify the competition in the market studied.

Global Airborne ISR Market Segmentation

The overall airborne ISR market has been segmented into type, application, and region.

• By Type (Manned and Unmanned)
• By Application (Maritime Patrol, Airborne Ground Surveillance, Airborne Early Warnings, and Signals Intelligence)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Airborne Ground Surveillance (AGS), by application, is estimated to hold the largest market share during the forecast period

The market has been segmented into maritime patrol, airborne ground surveillance, airborne early warnings, and signals intelligence based on application. The Airborne Ground Surveillance (AGS) segment generated the highest revenue of 46.0% of the global airborne ISR market in 2021. Ground surveillance aims to acquire the general battlefield situation. The technology relies on the moving target indicator system (MTI), which enables the detection and tracking of ground[1]moving vehicles (tanks and trucks) and helicopters, and on synthetic aperture radar (SAR) imaging radars, which render a high-resolution image of fixed echoes (steady vehicles, buildings, bridges, airfields, etc.).

Both manned and unmanned systems carry out AGS. Manned aircraft AGS provides real-time access at the cost of a limited terrain coverage (specially in hilly regions) due to relatively low grazing angles, while HALE or MALE UAS mounted AGS are used for shorter range surveillance missions for an extended duration.

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North America accounts for the largest market share in airborne ISR market 2021

Based on the regions, the global airborne ISR market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the largest market share of 42.0% in the global airborne ISR market and was anticipated to maintain its dominance throughout the forecast period. The US is the highest military spender in the world. The US Air Force has recently retired its fleet of OC-135B Open Skies after both the US and Russia withdrew from the treaty that was signed in 1992. Under treaty terms, member states could fly unarmed, dedicated reconnaissance aircraft over the territories of others on an annual maximum quota basis.

Moreover, Canada is vying to procure new ISR systems to enhance its capability to detect, monitor, and neutralize current and future threats, to strengthen its homeland defense and the combined defense of North America and support coalition partners overseas. Hence, it has initiated the Manned Airborne Intelligence, Surveillance, and Reconnaissance (MAISR) Project to provide an enduring, operational level, multi-sensor capability, short-notice deployable ISR support to Special Operations Task Forces (SOTFs).

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the airborne ISR market. It also consists of the profiles of leading companies such as Northrop Grumman Corporation, UTC Aerospace Systems, BAE Systems plc, Lockheed Martin Corporation, L-3 Technologies Inc., The Boeing Co., Raytheon Company, General Dynamics Corporation, Rockwell Collins Inc., and Thales S.A.

Browse complete report: https://www.marketstatsville.com/airborne-isr-market

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