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.

The military electro-optical and infrared systems market is seeing increased demand from airborne platforms, which has resulted in continued investment in the airborne electro-optical and infrared systems sector.

The Global Small Arms Market is driven by the nature of warfare has shifted, new weapons have been developed, transnational disputes and regional instability are on the rise across the globe, rising participation in shooting and hunting sports.

Expansion of military investments is expected to boost the global military Communications & COTS market.

Domestic traffic will continue to rise in the future years, increasing demand for new aircraft, which will gradually move from fleet expansion to quicker replacement of older, less fuel-efficient aircrafts, and thus improved surveillance technology.