The airborne isr global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Airborne ISR Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The airborne isr market size has grown strongly in recent years. It will grow from $28.31 billion in 2023 to $30.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to military conflicts, geopolitical tensions, rise in defense budgets, threat of terrorism, government initiatives.
The airborne isr market size is expected to see strong growth in the next few years. It will grow to $39.98 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to demand for persistent surveillance, economic growth, environmental monitoring, rise in military modernization . Major trends in the forecast period include miniaturization and micro uavs, autonomous and ai-enabled systems, hyperspectral and multispectral imaging, space-based isr, data fusion and integration.
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Scope Of Airborne ISR Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airborne ISR Market Overview
Market Drivers –
The growing threats of a terror attack are expected to propel demand for the airborne ISR market. Terrorist attacks refer to violence created by a group of individuals to create a climate of fear among the population and thereby promote a political objective. An increase in terror attacks across the globe is expected to boost demand for airborne ISR since the government and multiple security agencies are extensively investing in technologically advanced systems to predict and eradicate possible terrorist attacks, thereby promoting peace and harmony. For instance, in March 2023, according to Institute for Economics and Peace, a Australia-based Think Tank, Terrorist attacks became more deadly in 2022, killing on average 1.7 people per attack in 2022 compared to 1.3 deaths per attack in 2021. Therefore, the rising threats of a terror attack are expected to boost demand for airborne ISR systems and software during the forecast period.
The airborne isr market covered in this report is segmented –
1) By Solution: Systems, Software, Services
2) By Platform: Military Aircraft, Military Helicopters, Unmanned Systems
3) By Application: Search and Rescue Operations, Border and Maritime Patrol, Target Acquisition and Tracking, Critical Infrastructure Protection, Tactical Support, Others
4) By End User: Defense, Homeland Security
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Regional Insights –
North America was the largest region in the airborne ISR market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airborne isr market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the airborne isr market include Raytheon Technologies Corporation, Lockheed Martin Corporation, BAE Systems plc, Northrop Grumman Corporation, L3Harris Technologies Inc., General Atomics Aeronautical Systems Inc., The Boeing Company, Elbit Systems Ltd., Textron Inc., Thales Group, Leonardo S.p.A., Safran Group, Kratos Defense & Security Solutions Inc., Israel Aerospace Industries Ltd., Leidos Holdings Inc., FLIR Systems Inc., Airbus SE, General Dynamics Corporation, Rheinmetall AG, Mercury Systems Inc., AeroVironment Inc., PAL Aerospace Ltd., Israel Military Industries Ltd., Sierra Nevada Corporation, Insitu Inc., Esterline Technologies Corporation, Curtiss-Wright Corporation, RADA Electronic Industries Ltd., Top Aces Inc., CACI International Inc.
Table of Contents
1. Executive Summary
2. Airborne ISR Market Characteristics
3. Airborne ISR Market Trends And Strategies
4. Airborne ISR Market – Macro Economic Scenario
5. Global Airborne ISR Market Size and Growth
…
31. Global Airborne ISR Market Competitive Benchmarking
32. Global Airborne ISR Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Airborne ISR Market
34. Airborne ISR Market Future Outlook and Potential Analysis
35. Appendix
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