“Airborne ISR market valued at USD 30.6 billion in 2019” says new Visiongain report

01 October 2019
Defence

Visiongain has published a new defence report entitled, Military Airborne Intelligence, Surveillance & Reconnaissance (ISR) Technologies Market 2019-2029.

The Airborne ISR market is estimated to witness a Compound Annual Growth Rate (CAGR) of 7.71 per cent from 2019 to 2029.

The growth of commercial satellite imagery constellations is having a profound, driving effect on the Airborne ISR market, as are significant improvements to ISR payloads on Unmanned Aerial Vehicles.

Visiongain anticipates that global investment and consolidation will be robust over the next 10 years. For example, in 2018, the United States Air Force unveiled a new ISR Dominance Flight Plan for maintaining and enhancing a competitive advantage amid today’s ever-changing digital realm.

Leading companies such as Airbus, Boeing, Lockheed Martin, Northrop Grumman and Raytheon, among others, are active in this multi-billion-dollar industry.

The senior defence analyst said: "The Global Military Airborne ISR Technologies market is expected to generate sales of USD 30.61 billion in 2019.

"Airborne ISR platforms serve a vitally important function during times of war and peace. They were first used during the French Revolution when hot air balloons were released into the air to detect enemy positions. Today, instead of using observation balloons to conduct ISR, air forces around the world opt for manned and unmanned aircraft, as well as sophisticated networks of people and technology, to collect, process and disseminate information.

"Intelligence, surveillance and reconnaissance investments have increased significantly since the turn of the millennium, especially in Western states. Rapid advances in sensor and communication satellites and improvements to ISR payload technologies on large drones will most likely drive the market forward over the next decade.

"Indeed, by 2029, visiongain expects the Airborne ISR market to surpass the fifty-billion-dollar mark, achieving a total sales figure of USD 64.3 billion.

"Having said this, there are one or two threats to the future success of ISR technologies, which could slightly restrain the acceleration of the market. The most challenging issues are air force cultures that prioritise investment into bombers and fighters and a common fear that ISR platforms are becoming increasingly vulnerable to air defence systems."

Note for Editors
If you are interested in a more detailed overview of this report, please send an email to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.

We are one of the fastest-growing and most innovative independent research companies in Europe. Based in London, UK, visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Automotive Advanced Driver Assistance Systems (ADAS) Military Vehicles Market Report 2021-2031

Owing to the rise in the number of war threats and injuries, the market for safety features, such as crash avoidance systems, traction control, electronic stability control, tire pressure monitors, airbags and telematics, are in demand worldwide.

21 April 2021

Read

Visiongain Publishes X-Band Radar Market Report to 2031

Growing threat of unprecedented terrorist threats amid coronavirus pandemic is anticipated to propel the growth of x-band radar market over the forecast timeframe.

29 March 2021

Read

Visiongain Publishes VTOL UAV Market Report to 2031

VTOL (vertical take-off and landing) UAVs are finding huge demand from defense forces, owing to the runway-less take-off and landing feature associated with such aircraft. Moreover, the growing usage of VTOL UAVs in numerous applications, for instance, aerial remote sensing, product delivery, surveying & mapping, monitoring, and agriculture, is also bolstering the growth of the VTOL UAV market.

29 March 2021

Read

Visiongain Publishes Vetronics Market Report to 2031

Rising investments for the development of ultra-powerful radars and other communication systems by the major industry players is expected to raise the requirement to upgrade existing communication systems. This is expected to drive the growth of global vetronics market.

29 March 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever