DUBLIN, March 13, 2019 /PRNewswire/ — The “Airborne ISR Market (2019 – 2024)” report has been added to ResearchAndMarkets.com’s offering.

The airborne ISR market is likely to grow moderately, due to the increasing use of airborne ISR and more countries adopting this technology for securing the borders.

Terrorism and cyber-attacks are the two top risks that are continuously hampering stabilizing actions, along with unstable geopolitics, like deteriorating relations between the United States, Saudi Arabia, and Iran and border issues between India, China, and Pakistan, among others, which are majorly driving the demand for advanced border surveillance solutions that are impacting the airborne ISR market.

Advanced data integration with multi-level comparative analysis to provide data accuracy and management may provide new market opportunities for the airborne ISR market.

Key Market Trends

Segment Trends

The unmanned segment of the airborne ISR market is expected to grow rapidly during the forecast period. Nowadays, the many ISR missions and border control missions are made easy due to the development of advanced UAVs. With the integration of electro-optic sensors, UAVs can be used for intelligence, surveillance, and reconnaissance missions, along with a simultaneous transfer of data to the ground station.

Recently, in February 2019, Kratos Defense & Security Solutions has received USD 14 million contract to develop a new UAV, Aethon that is to be designed for tactical, as well as intelligence, surveillance, and reconnaissance missions. Though they have been used for over a decade, due to advancements in technology and ease of usage, the unmanned segment is expected to witness a rapid growth during the forecast period.

Geography Trends

The North American region of the airborne ISR market currently has the highest market share in 2018. With the on-going conflicts at the border with Mexico, the United States is in plans to increase its ISR capabilities to prevent drug trafficking organizations and illegal migration.

In 2017, the US Customs and Border Protection (CBP) completed 635 drone missions with 5,625 hours of flight. CBP used unarmed MQ-9 Predator B drones that are equipped with cameras and sensors to monitor border crossers, drug trafficking, and other issues within 100 miles of the US borders. With such prevailing tensions between the United States and Mexico, the market of North America is expected to grow significantly during the forecast period.

Competitive Landscape

The airborne ISR market is highly fragmented, with multiple players dominating the market, owing to various geographical locations favoring sales. General Dynamics Corporation, The Boeing Company, L3 Technologies Inc., BAE Systems PLC, and Elbit Systems Ltd, are the few prominent firms benefited from the geographical advantage.

Majority of the geographic regions have local players who are equally strong and provide smaller sub-systems of a larger network/project in partnership with the global leaders. Local players in North America, Middle East, and Asia are particularly threatening the global leaders, as they aim to provide all-round solutions at a fraction of the cost quoted by these global leaders, without compromising on quality or reliability.

Topics Covered

1 Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis

5 Market Segmentation
5.1 Purpose
5.1.1 Intelligence
5.1.2 Surveillance
5.1.3 Reconnaissance
5.2 Sub-market
5.2.1 Maritime Patrol
5.2.2 Airborne Ground Surveillance (AGS)
5.2.3 Airborne Early Warnings (AEW)
5.2.4 Signals Intelligence (SIGNIT)
5.3 Type
5.3.1 Manned
5.3.2 Unmanned
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 South America
5.4.5 Middle East & Africa

6 Competitive Landscape
6.1 Market Share Analysis
6.2 Company Profiles
6.2.1 Lockheed Martin Corporation
6.2.2 L3 Technologies Inc.
6.2.3 BAE Systems PLC
6.2.4 Raytheon Company
6.2.5 Northrop Grumman Corporation
6.2.6 United Technologies Corporation
6.2.7 The Boeing Company
6.2.8 Saab AB
6.2.9 Harris Corporation
6.2.10 Airbus SE
6.2.11 General Dynamics Corporation
6.2.12 Elbit Systems Ltd.

7 Market Opportunities and Future Trends

For more information about this report visit https://www.researchandmarkets.com/research/dcnrpq/the_worldwide?w=5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/the-worldwide-market-for-airborne-isr-2019-2024-unmanned-airborne-isr-is-witnessing-rapid-growth-300811661.html

SOURCE Research and Markets