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The global airborne Intelligence, Surveillance and Reconnaissance (ISR) market size reached USD 9.53 Billion in 2020 and is expected to register a revenue CAGR of 6.4% during the forecast period, according to latest analysis by Emergen Research. Rising demand for Unmanned Aerial Vehicles (UAVs) and increasing threats of terrorist attacks are factors projected to support market revenue growth between 2021 and 2028. In addition, increasing technological advancements for better data accuracy will continue to boost revenue growth of the market going ahead. Rapid technological advancements in the defense sector are resulting in development and deployment of more innovative solutions and systems and the trend is expected to continue over the forecast period. Increasing usage of smaller unmanned surveillance systems is expected to lead to incline in demand for electronic parts and components being used in ISR missions. Effective data integration combined with multi-level comparable analysis to improve accuracy of data and management is expected to open up new opportunities in the market in the near future.

However, challenges in designing airborne ISR systems and concerns regarding inaccuracy and operating difficulties of these systems are factors expected to hamper market revenue growth to some extent during the forecast period.

The Global Airborne Intelligence Surveillance and Reconnaissance Market report offers a comprehensive analysis of the Airborne Intelligence Surveillance and Reconnaissance market with regards to the current and emerging trends, regional outlook, competitive landscape, and forecast estimation for revenue and market share. The report is an all-inclusive document providing important details focusing on growth statistics, estimation of revenue shares and growth, market valuation, and also emphasizes the competitive landscape, business opportunities, and strategic alliances and approaches undertaken by the dominant industry players.

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Some Key Highlights From the Report

Unmanned Intelligence, Surveillance and Reconnaissance (ISR) segment is expected to register fastest revenue CAGR during the forecast period. Unmanned systems include Remotely Piloted Air Systems (RPAS), wherein an Unmanned Aerial Vehicle (UAV) is commanded by pilots remotely. An Unmanned Aerial System (UAS) can alternatively be an autonomously operated UAV and, more frequently, a semi-autonomous UAV. Unmanned systems provide monitoring solutions by combining Traffic Alert and Collision Avoidance System (TCAS), transponders, terrain awareness, distance measuring devices, and Automatic Dependent Surveillance-Broadcast (ADS–B) into a unified and streamlined component that delivers unmatched operational performance and reliability.

Homeland security segment is expected to register a significantly robust revenue growth rate over the forecast period due to rising demand for airborne ISR systems for police and homeland security applications.

North America is expected to account for largest revenue share in the airborne Intelligence, Surveillance and Reconnaissance (ISR) market over the forecast period due to robust presence of leading market players including Northrop Grumman Corporation, Lockheed Martin Corporation, and Raytheon Technologies Corporation, among others, in countries in the region.

The report aims to provide a determining analysis of the market competition to help the user make a pivotal business analysis. The complete portfolios of the key companies, including their production capacity, revenue share and size, gross margin, sales revenue and margin, growth rate, along with their business strategies and technological developments, have been discussed in the report. The companies operating in the market and profiled in the report include

Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, Hensoldt AG, BAE Systems plc, Leonardo SPA, Saab AB, Aselsan A.S., and L3Harris Technologies, Inc.   

The research study also focuses on a comprehensive analysis of market trends, driving factors and constraints affecting the market growth, and opportunities for business development and expansion.

The report further discusses in detail the market segmentation based on types and applications.

Emergen Research has segmented global airborne Intelligence, Surveillance and Reconnaissance (ISR) on the basis of type, offerings, platform, application, end-use, and region: 

Type Outlook (Revenue, USD Billion; 2018–2028)

Manned Intelligence, Surveillance and Reconnaissance (ISR)

Unmanned Intelligence, Surveillance and Reconnaissance (ISR)

Offerings Outlook (Revenue, USD Billion; 2018–2028)

Solutions

Systems

Services

Platform Outlook (Revenue, USD Billion; 2018–2028)

Helicopters

Aircraft

Unmanned Systems

Application Outlook (Revenue, USD Billion; 2018–2028)

Maritime Patrol & Border Security

Rescue Operations

Tracking & Target Acquisition

Tactical Support

Infrastructure Protection

Homeland Security Missions

Others

End-Use Outlook (Revenue, USD Billion; 2018–2028)

Homeland Security

Defense

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The research study on the global Airborne Intelligence Surveillance and Reconnaissance market provides a complete detail-oriented assessment of this market and provides an accurate evaluation of market tendencies such as revenue estimations and shares, current market value, future market valuation, and market size over the forecast years. The report focuses on the evaluation of the given market in major regions and the countries included in those regions. The report provides details of the market considering the geographical landscape that includes North America, Latin America, Asia Pacific, Europe, and Middle East & Africa.

Major benefits of the Airborne Intelligence Surveillance and Reconnaissance report:

The report discusses in detail the changing dynamics of the competitive landscape

The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth

The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario

The report encompasses a detailed forecast for the years 2021-2028

The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline

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The report also provides a detailed analysis of consumption and market value depending on each geographical region. The report aims to provide beneficial information that might help in formulating new business strategies and expansion plans. SWOT analysis is also offered in this report. Research findings and conclusions are offered through detailed graphs, tables, charts, and figures.

Thank you for reading our report. Customization of this report is available according to the requirement of the clients. For further queries or information regarding this report, please get in touch with us, and our team will provide you with optimal research solutions.

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