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Visiongain Publishes Military Airborne Intelligence, Surveillance & Reconnaissance (ISR) Technologies Market Report 2022-2032

11 May 2022
Defence

Visiongain has published a new report entitled the Military Airborne Intelligence, Surveillance & Reconnaissance (ISR) Technologies Market Report 2022-2032: Forecasts by End-user (Defence, Homeland Security), by Solution (System, Software, Service), by Application (Search and Rescue Operations, Border and Maritime Patrol, Target Acquisition and Tracking, Critical Infrastructure Protection, Tactical Support, Others (Disaster Relief, Launch and Recovery, Internal Defence, Force Protection, Police and Homeland Security Missions)), by Platform (Military Aircraft, Military Helicopters, Unmanned Systems, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.

The global military airborne intelligence, surveillance & reconnaissance (ISR) technologies market was valued at US$19,321 million in 2021 and is projected to grow at a CAGR of 6.1% during the forecast period 2022-2032.

Keeping Up with the Ever-Increasing Data Demand is a Challenge
Currently, the biggest challenge in the airborne ISR industry is the need to keep up with an ever-increasing demand for data. Previously, ISR missions were solely run by government agencies. Today, as government organisations require more and more real-time data to make time-critical decisions, they’re contracting out ISR missions to companies that can provide a specialised service.

Companies like DEA Aviation invest in a suite of high-fidelity sensors to ensure they can consistently meet the demand for data from their growing customer portfolio. Yet, as technology improves, sensors have an enhanced ability to capture large volumes of data—whether it’s via maritime or terrestrial radars, or high-definition cameras. ISR service providers need to ensure that they can access the connectivity required to fully leverage sensor technology, so they can provide a superior service to their customers and maintain their competitive edge.

How has COVID-19 Had a Significant Negative Impact on the Military Airborne Intelligence, Surveillance & Reconnaissance (ISR) Technologies Market?
The Covid-19 coronavirus pandemic has caused a downturn in world economies and crashing of the gross domestic product (GDP) of several countries. As nations come to grips with the outbreak 's implications, priorities are likely to change and budgets for defence are suffering. According to World Bank, the global economy decreased by 5.2 per cent in 2020. That triggered the deepest recession since World War II. The US spent the most globally on defence in 2019 maintaining its number one position. However, heavy spending does not guarantee success. Former John McCain aide Chris Brose warned that US Armed Forces are often unsuccessful in combat simulations with China set in the western Pacific. The US military needs modernisation and technological advancement to maintain a competitive edge. There is a huge amount of pressure on countries to bolster innovative efforts, R&D and research technology. Which in turns is expected to increase need for military airborne ISR technologies market over the coming years. However, under more constrained budgetary environments, innovation is often the first to suffer.

How this Report Will Benefit you?
Visiongain’s 467-page report provides 271 tables and 261 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global military airborne intelligence, surveillance & reconnaissance (ISR) technologies market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Military Airborne Intelligence, Surveillance & Reconnaissance (ISR) Technologies. Get the financial analysis of the overall market and different segments including end-user, application, platform and capture higher market share. We believe that high opportunity remains in this fast-growing military airborne intelligence, surveillance & reconnaissance (ISR) technologies market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

What are the current market drivers?

Increasing Demand for ISR Technologies from Fast Growing Aviation Industry
Rising aviation industry followed by increasing terrorist activities around the globe is expected to open potential opportunities for air & missile defence systems over the coming years. Major economies across the globe are renewing their military fleet in order to keep up with the pace with which modern warfare is changing. These economies are spending towards procurement of advanced military aircraft, which will act as a driving factor for the market. Apart from purchasing of new aircraft several economies are focusing on upgrading their aging fleet. These upgrades are majorly focused on enhancing the communication and navigation systems of the aircraft.

The Military UAV Industry is Expanding
Unmanned aerial vehicles (UAVs), or drones, have been a regular feature in military applications, especially surveillance, for some time, and the range of defence applications continues to grow as technology develops. The pace of development of drones continues to increase, driven by geopolitical factors such as the rise of China. The development of drone technology is strategic in its continuing struggle to assert itself as a regional hegemonic power. Accounting for more than 70% of the global drone market, the government segment, comprising of military and law enforcement agencies, was the key demand generator for drones in 2020. Primarily used to conduct intelligence, surveillance and reconnaissance (ISR) activities, military UAVs are currently being developed for a wide range of uses such as electronic attack (EA), strike missions, suppression/destruction of enemy air defences (SEAD), network nodes, communication relays, and combat search and rescue (CSAR).

Where Are the Market Opportunities?

Defence Spending is on the Rise
As security threats escalated, the defence sector continued its growth, prompting governments around the world to continue to increase their defence budgets. In 2020, defence spending increased between 3 and 4 percent to hit an estimated USD 1.9 trillion, as governments around the world seek to modernise and recapitalize their military. Most of the growth is likely to be driven by increased US defence spending, as well as in other regions, such as China and India.

Demand for military equipment is on the rise as governments around the globe are concentrating on military modernization, amid heightened security concerns around the world. The volatility and the continued complexity of the global security climate is expected to increase global spending on defence over the next five years. Although the increased focus of the US administration on improving the military is expected to be a key driver of growth for defence spending by 2020, other large nations, such as China, Russia, and India, are also likely to embark on higher spending.

Military Modernization Programs
The interest for mechanically progressed military ISR frameworks by the military associations and country security organizations has filled generously in the ongoing past. There has been a progressing military modernization being done which requires progressed military ISR frameworks for different purposes to be specific airspace checking and traffic the executives, air and rocket safeguard, weapon direction, ground observation and interloper identification, airborne planning, navigation, mine discovery and underground planning, ground power assurance and climate observing applications. Nations including China, United States, India, Russia and Saudi Arabia are effectively focussing towards expanding its obtainment of military ISR frameworks significantly to counter outskirt dangers.

Competitive Landscape
The major players operating in the military airborne intelligence, surveillance & reconnaissance (ISR) technologies market are AeroVironment, Airbus Group SE, BAE Systems Plc, Elbit Systems, Israel Aerospace Industries, L3 Harris Technologies, Inc., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc, Thales Group SA, The Boeing Company, General Dynamics Corporation, General Electric Company, Kongsberg Gruppen ASA,

These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to contactus@visiongain.com or call +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

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.

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