01 October 2019
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 firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
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.
Military embedded system manufacturers are focusing on areas of innovation and technological advancement, resulting in enhanced speed and power efficiency of systems. These technological advancements include a wide variety of thermal cooling options to reduce heat emission and to keep systems functioning at peak performance levels. These factors are fuelling the growth of the military embedded systems market.
09 June 2020
Riflescopes currently are based on advanced optics and there are optics program that are working on digitalization and computerization of optics. For instance, current hunting scopes have the capability to be calibrated to specific calibres which can calculate the bullet’s arced trajectory and can be with integrated laser range finders which display the range to the target on the inside of the scope’s objective lens.
28 May 2020
The Market is estimated to be worth $1,583.1 million in 2020 and is expected to record favourable growth rates. There are more than 50,000 military aircraft in service around the globe, out of which the largest share is held by the US with around 13,000 aircraft in service .In spite of the major cuts in the defence budgets of developed economies in the past years, spending is expected to increase in the coming years owing to the rising international tensions.
11 May 2020
The global unmanned surface vehicle market was valued at US$645 million in 2019 and is expected to surpass US$2,020.8 million by 2030 (post COVID-19) while growing at a CAGR of over 11% over 2020-2030. Increasing demand for water quality monitoring and ocean data mapping along with growing need to enhance maritime security are key factors driving the growth of the global unmanned surface vehicle market.