Airborne ISR Market

Global Airborne ISR Market Research Report - Forecast
to 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Global Airborne ISR Market Forecast to 2023
The airborne ISR finds significant application in determining intruder’s strength, movements and activities.
This ISR system get controlled by secret intelligence services. This particular technological advancement
provides real-time situational awareness and response. Air defense system, command centers, and others
are gaining much profit from this market.
The Airborne ISR Market is all set to rise by 4.10% during the forecast period (2017-2023). Market Research
Future (MRFR) in their report claimed that the CAGR this market is about to garner can help the airborne ISR
market cross the expected valuation of USD 27,786.6 million by 20023.
The airborne ISR market is witnessing a rise in demand in sync with burgeoning UAV industry. At the same
time, the rising security threats across the globe is spurring the demand for inclusion of sophisticated ISR
systems which is also providing much traction to the global market. Launch of wireless sensors and a shift
towards en route command & control are expected to provide further thrust to the global airborne ISR
Influential companies are getting engaged in the airborne ISR market by developing new strategies. The
intent is not just to take individual lead but, also, to expand scopes for the market to perform well and grow.
These companies are, as listed by MRFR, Lockheed Martin (US), BAE Systems (UK), UTC Aerospace Systems
(US), Elbit Systems Ltd (Israel), Northrop Grumman (US), Raytheon (US), General Dynamics (US), FLIR
Systems Inc (US), Thales (France), and Boeing (US). The report also contains the latest developments made
by these companies to ease the process of a better predictive analysis.
Global Airborne ISR Market Forecast to 2023
The global airborne ISR market has been segmented by MRFR based on system and purpose. This market has
data backed by volume-wise and value-wise analysis.
Based on the system, the global airborne ISR market can be segmented into AEWC (Airborne Early Warning
and Control), electronic warfare, sensors, and maritime petrol. The sensors and electronic warfare had
coverage over 35.8% and 25.4% of the entire market in 2016. However, the sensor segment is expected to
score the highest CAGR by recording 4.42% growth during the forecast period.
Based on the purpose, the global airborne ISR market can be segmented into surveillance, reconnaissance
and intelligence. The surveillance and reconnaissance segment encompassed 40.3% and 31.3% of the global
market in 2016 respectively. However, the surveillance segment records the fastest growth by clocking
4.25% CAGR over the forecast period.
In January 2019, BIRD Aerosystems and HENSOLDT announced that they are ready for collaboration. This
agreement includes the integration of HENSOLDT’s PrecISR with BIRD’s RCD (Radar Control and Display)
system. HENSOLDT’s product PrecISR is a multi-mission surveillance radars, comprises of the newest
generation gallium nitride AESA antenna technology. It can e-scan capability and it comes with large
bandwidth multi-channel radar.
Global Airborne ISR Market Forecast to 2023
Regional Analysis:
North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America are the five
regions in which the global airborne ISR market has been segmented by MRFR for a better unravelling of the
demographic challenges.
North America’s huge expenditure in defense and commercial aircrafts for smooth workflow can be
accredited for its immense growth. The region is further getting traction from high investment that is taking
place in budgets for defense. It is expected to maintain the growth curve during the forecast period owing to
several factors such as presence of market leaders, easy integration of latest technologies, and others.
Europe and the APAC region are also bolstering their growth by having significant initiatives. The global
market is witnessing several other factors dominating the market profoundly. Such as the growing demand
of UAV, multi-role UAV remote sensors, investments on ISR payloads, and others. In the APAC and in the
MEA, territorial tensions have emerged as significant factors to inspire the integration of airborne ISR
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Global Airborne ISR Market Information Report, By System (Sensor, Electronic Warfare, Maritime Petrol and AEWC), By Purpose (Surveillance, Reconnaissance and Intelligence) and By Region - Forecast To 2023