Global Airborne ISR Market

Airborne ISR Market Size, Share, Growth Analysis, By Platform(Manned Platforms, Unmanned Platforms (UAVs/UAS)), By Payload(Electro-Optical/Infrared (EO/IR) Sensors, Synthetic Aperture Radar (SAR)), By Application(Military Intelligence, Surveillance and Reconnaissance) - Industry Forecast 2024-2031

Report ID: SQMIG45I2173 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 93 | Figures: 76

Airborne ISR Market News

  • In October 2023, a consortium consisting of L3Harris Technologies, Leidos, and MAG Aerospace will compete in a bidding process for the ISR aircraft project which the U.S. Army is attempting to implement. This mission targets operational intelligence on national adversaries. Matt Bartlett, the president of MAG Aerospace reiterated that they had planned to capitalize on their competence when providing maneuver level high altitude expeditionary next airborne ISR radar services for the army.
  • In September 2023, the Air Force Life Cycle Management Center (AFLCMC) awarded a big contract to Voyager Space, which is one of Valley Tech Systems subsidiaries. The Architecture and Integration Directorate within the AFLCMC comes up with this contract valued at most $900 million. It was built to innovate the modern, advanced open architecture ISR systems.
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FAQs

Airborne ISR Market size was valued at USD 12.4 billion in 2022 and is poised to grow from USD 12.97 billion in 2023 to USD 17.67 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).

The competitive dynamics in the airborne ISR market are high and involve fierce competition among leading rivals as well as ongoing technology breakthroughs. The competitive nature is characterized by the concentration as established defense contractors and aerospace companies dominate the industry. The big competitors spend heavily on research and development activities to remain technologically advanced, building new sensors, communication systems and unmanned aerial vehicles with ISR purposes. Some common options taken include collaborations, acquisitions and alliances in order to improve their abilities and add more products. 'BAE Systems PLC', 'Lockheed Martin Corporation', 'Northrop Grumman Corporation', 'Raytheon Technologies Corporation', 'Boeing Company', 'Elbit Systems Ltd.', 'L3Harris Technologies Inc.', 'Thales Group', 'Leonardo S.p.A.', 'General Dynamics Corporation', 'UTC Aerospace Systems', 'FLIR Systems Inc.', 'Safran SA', 'Israel Aerospace Industries Ltd.', 'Saab AB', 'Textron Inc.', 'Honeywell International Inc.', 'Leonardo DRS Inc.', 'Hensoldt AG', 'Sierra Nevada Corporation'

The increasing tensions between nations and the changing nature of security threats are driving a growing demand for Intelligence, Surveillance and Reconnaissance (ISR) capabilities in the military and defense sectors worldwide. Countries are putting effort into enhancing their understanding of situations and strategic intelligence leading to increased investments in upgrading ISR platforms. Additionally the need for information in defense operations is driving advancements in sensor technologies, communication systems and data analytics. These developments play a role, in expanding the market.

Rising Integration of Artificial Intelligence (AI) and Machine Learning (ML)

North America, particularly the United States, is likely to continue dominating the airborne ISR market due to its strong engineering talent and defense-oriented budget priorities. The U.S. has historically been a major contributor to defense spending and technological innovation, leading to the development and procurement of advanced airborne ISR platforms. The U.S. military, with its substantial defense budget, invests significantly in ISR capabilities to maintain cooperation and trust-building through existing alliances and institutions that can reinforce stability

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Global Airborne ISR Market

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