Airborne ISR Market Insights
According to MRFR analysis, the global Airborne ISR market is expected to register a CAGR of 5.32% from 2022 to 2030 and hold a value of over USD 9.85 billion by 2030.
The Airborne Intelligence, Surveillance and Reconnaissance (ISR) market refers to the deployment of various airborne platforms such as unmanned aerial vehicles (UAVs), helicopters, and fixed-wing aircraft equipped with sensors and communication systems for gathering and disseminating critical information to military and civilian decision-makers. However, the COVID-19 pandemic has significantly impacted the global Airborne ISR Market. The pandemic has caused disruptions in the supply chain, delayed deliveries, and reduced the procurement of new systems. The military and defense budgets of several countries have also been affected due to the economic slowdown, which has further impacted the growth of the airborne ISR market.
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Regional Analysis
Regionally, North America dominates the airborne ISR market, followed by Europe and Asia-Pacific. The United States is the largest market for airborne ISR systems in the world, with a significant portion of the defense budget allocated to intelligence gathering and surveillance activities. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, primarily due to the increasing military spending by countries such as China, India, and Japan.
Market Segmentation
The Global Airborne ISR market has been segmented into type, application, and vertical.
Based on Type: Unmanned vehicle and Manned vehicle
Based on Application: Signals Intelligence, Maritime Patrol, Airborne Ground Surveillance and Airborne Early Warnings
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Key Players
Some of the market key players are Boeing (U.S.), BAE Systems (U.K.), Elbit Systems Ltd (Israel), FLIR Systems Inc (U.S.), Northrop Grumman (U.S.), General Dynamics (U.S.), Thales (France), Raytheon (U.S.), UTC Aerospace Systems (U.S.)
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