Published on : Dec 21, 2016
ALBANY, NY, Dec 21, 2016: The research report, titled “Global Airborne Intelligence Surveillance and Reconnaissance Market 2017–2021,” provides a complete and unbiased overview of this market, focusing especially on the key trends, growth drivers, restraints, challenges, opportunities, and future prospects.
According to the research report, the rising investments in intelligence surveillance and reconnaissance payloads in developed economies, such as the U.S. and Japan, to enhance their border security and military intelligence and surveillance will reflect positively on the sales of airborne intelligence surveillance and reconnaissance systems across the world. Researchers estimate the market to expand at a 3.88% CAGR during the period from 2017 to 2021.
The research report has studied the global market for intelligence surveillance and reconnaissance payloads on the basis of the type and the geographical spread of this market. By type, the market has been classified into manned intelligence surveillance and reconnaissance and unmanned intelligence surveillance and reconnaissance.
The unmanned intelligence surveillance and reconnaissance segment has emerged as the market leader among the two and is expected to remain so over the forecast period. This advancement in the sensor technology, leading to the strengthening of the potential of multi-sensor EO targeting pods, such as laser spot detectors, thermographic sensors, target laser range finders, and low-light television cameras, is acting as the key factor behind the extensive growth of this segment.
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Based on geographical segmentation, the report has categorized the global airborne intelligence surveillance and reconnaissance market into Europe, the Middle East, and Africa (EMEA), the Americas, and Asia Pacific. With North America being the key revenue generator, the America has acquired the leading position in this market. Over the forthcoming years, the U.S. will emerge as the key contributor in the military aerospace sector across the world, which consequently, will lead to a massive development of the America market for airborne intelligence surveillance and reconnaissance, ensuring its dominance over the forthcoming years, states the report.
A review of the competitive landscape of the global market for airborne intelligence surveillance and reconnaissance has also been presented in this research study. According to it, the market demonstrates a highly competitive environment, thanks to the intense rivalry between L-3 Communications, BAE Systems, Northrop Grumman, Lockheed Martin, and UTC Aerospace Systems. These enterprises aggressively focusing on adopting lightweight materials and electronic technologies and creating a robust system for the development of their businesses.
Boeing, Raytheon, General Dynamics, Thales, and Rockwell Collins are some of the other prominent participants of the worldwide airborne intelligence surveillance and reconnaissance market, states the research report.
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