CHICAGO, Nov. 29, 2022 /PRNewswire/ — The airborne ISR market is projected to grow from USD 12.4 Billion in 2022 to USD 15.6 Billion by 2027, at a CAGR of 4.8% from 2022 to 2027 according to a new report by MarketsandMarkets™. Airborne ISR is a technology that helps obtain information about an intruder and its strength, activities, and movements. This technology opens new applications for recording, analyzing, identifying, and reporting. Currently, airborne ISR is a critical component in the decision-making process of defense forces across countries. Airborne ISR systems are increasingly being deployed in military aviation for gathering information to create information and communication systems that can enhance the reliability and efficiency of missions. The airborne ISR market is a highly fragmented market with several well-established players. Manufacturers of different types of ISR systems are continuously working on the development of new technologies to enhance their product portfolios and increase their sales prospects.
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The airborne ISR market is further segmented into defense and homeland security based on the end user. The increasing demand for fighter aircraft in the defense forces of countries such as the US, India, and Japan is expected to drive the defense segment of the airborne ISR market.
Based on the platform, the market is classified into military aircraft, military helicopters, and unmanned systems. The markets growth can be attributed to the rising demand for UAVs for airborne ISR applications and advancements in technologies used in patrol and fighter aircraft.
The airborne ISR regional analysis has been studied over North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for the largest share of the airborne ISR market in 2021. This market is led by the US, which is increasingly investing in ISR technology to maintain its superiority and overcome the risk of potential threats on computer networks. In the defense sector, rapid technological advancements are spawning disruptive innovations. The growing use of small, unmanned surveillance systems is projected to increase the demand for electronic components in ISR missions. Advanced data integration combined with multi-level comparison analysis to improve data accuracy and management is expected to open new market prospects for the airborne ISR industry.
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The key market players in the airborne ISR market are Bae Systems PLC (UK), Elbit Systems (Israel), L3Harris Technologies (US), Northrop Grumman (US), Teledyne Technologies, Inc. (US), Leonardo S.p.A (Italy), Lockheed Martin Corporation (US), and Raytheon Technologies (US).
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