Published Date : Dec 26, 2016
ALBANY, NY, Dec 26, 2016: The report, titled “Global Airborne Intelligence Surveillance and Reconnaissance Market 2017-2021” has been developed with the sole goal to empower existing and new players in the market to gain advantage over their competitors. It does so by presenting a thorough and figurative reports of the market in the current scenario and estimates the future until 2021. The report projects the global airborne intelligence, surveillance, and reconnaissance market to expand at a healthy CAGR of 3.88% during the forecast period of 2017–2021.
Airborne intelligence, surveillance, and reconnaissance (ISR) is essential to conduct military and security operations. The report observes that owing to its importance, defense authorities aggressively invest in ISR systems in order to enhance national security and gain information about potential enemies. Airborne ISR systems help defense authorities in formulating battle plans by collecting information from the targeted regions and relay it to the intelligence personnel. ISR integrates the intelligence process with target acquisition, surveillance, and reconnaissance tasks, which assist in improving the situational awareness of the defense forces.
The report picks out the growing possibilities of terrorist attacks through sea routes as one of the primary factors driving the global market for airborne intelligence, surveillance, and reconnaissance. Additionally, increased illegal dealings in mid-oceans is encouraging intelligence agencies to stay vigilant and gather information from these regions to improve their combat ability. Several countries are in the process of enhancing their maritime security capabilities to counter hostile and illegal infiltration in their territory. The report notes that focus on surveillance via unmanned systems and transition toward en route command and control are two of the emerging trends in the global market for airborne intelligence, surveillance, and reconnaissance market. However, issues related to unstructured data is studied as a factor that will hinder the growth rate.
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Some of the key factors studied in the report are: repercussions of limited data reports, effect of rapid technological advances, advantages of UAVs in ISR missions, issues with maritime surveillance radar, benefits of advanced airborne radar, and advantages of en route command and control.
The global airborne intelligence, surveillance, and reconnaissance market is segmented on the basis of type into unmanned ISR and manned ISR. Geographically, the report studies the regional markets in the Americas, APAC, and EMEA. The estimated revenue of each of the segments has been provided in the report.
Some of the key vendors in the global airborne intelligence, surveillance, and reconnaissance market are BAE Systems, L-3 Communications, Lockheed Martin, Northrop Grumman, and UTC Aerospace Systems. Other prominent players in this market include Boeing, General Dynamics, Raytheon, Rockwell Collins, and Thales.
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