Jun 15, 2021 (The Expresswire) -- Global “Intelligence Surveillance and Reconnaissance Market” 2021 - Analysis Of Growth, Trends, COVID-19 Impact And Future Opportunities
The growth is expected to be led by the increase in demand for a number of airborne ISR systems, as strategic implementations by foreign affairs to fight terrorism, growing F-35, and Chinese fifth generation stealth combat aircraft threat. In addition, the development of and extension of unmanned vehicles to the manned aircrafts is another factor driving the market. The unmanned vehicles are being used for a variety of missions, such as reconnaissance and surveillance purposes, long duration missions where real-time data collection is vital, and cargo transportation.
Currently, the US Air Force flies MQ-9 reaper, MQ-1 predator, and RQ-4 global hawk drones remotely using USAF pilots, to navigate from a ground control station. The US Air Force started developing the C-17 cargo planes for unmanned missions, which allow the aircraft to reach high-risk forward locations with weapons, supplies and ammunition, thus driving the airborne reconnaissance market.
The military forces are required to operate in severe environments, where the spectrum is densely occupied and less governed affecting the ISR operations. The operations require the establishment of a single information environment (SIE), supported by a resilient mesh of related networks, while tackling the threat from enemy forces. However, owing to the growing demand, the need for governance and regulation is expected to be prominent.
The market is expected to register USD 42.35 billion by, registering a CAGR of 6.78%. The air-based platform segment is led by the increasing popularity of unmanned aerial vehicles and is expected to be one of the fastest growing markets until . The space-based ISR is in the nascent stage, as most of the countries do not own satellite systems.
The market is segmented by:
â¢ Platform: into land-based, air-based, sea-based, space-based
â¢ Geography: Into North America, Asia-Pacific, Europe, South America, Middle East and Africa
Major Key Player : ELBIT CORPORATION, HARRIS CORPORATION, GENERAL DYNAMICS, THALESRAYTHEON SYSTEMS, THE BOEING COMPANY, CACI INTERNATIONAL INC, BAE SYSTEMS amongst others.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Intelligence Surveillance and Reconnaissance Market report categorizes the market based on manufacturers, regions, type, and application. Intelligence Surveillance and Reconnaissance Market reports offer a detailed assessment of the Intelligence Surveillance and Reconnaissance including enabling technologies, current market situation, market assumptions, restraining factors.
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This report focuses on the Intelligence Surveillance and Reconnaissance in Global market, especially inUnited States, Europe, China, Japan, South Korea, North America, India .
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The Global Intelligence Surveillance and Reconnaissance market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
“Final Report will add the analysis of the impact of COVID-19 on Intelligence Surveillance and Reconnaissance industry.”
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