Global Airborne ISR market 2020-2024
Technavio has been monitoring the airborne ISR market and it is poised to grow by $ 5.02 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period. Our reports on the airborne ISR market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increased demand for UAVs in military applications, increased focus on maritime security, and the development of the indigenous airborne IRS system. In addition, Increased demand for UAVs in military applications is anticipated to boost the growth of the market as well.
The airborne ISR market analysis includes platform segment and geographical landscapes.
Technavio's airborne ISR market is segmented as below:
- Unmanned airborne ISR
- Manned airborne ISR
By Geographical Landscapes
- North America
- South America
This study identifies the development of stealth ISR UAVs as one of the prime reasons driving the airborne ISR market growth during the next few years. Also, increasing integration of android and iOS-based devices and the use of aerostats as a cost-effective ISR will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the airborne ISR market covers the following areas:
- Airborne ISR market sizing
- Airborne ISR market forecast
- Airborne ISR market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading airborne ISR market vendors that include Airbus SE, BAE Systems Plc, FLIR Systems Inc., General Atomics, Kratos Defense & Security Solutions Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., and The Boeing Co. Also, the airborne ISR market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.