Airborne ISR Market Size,Share,Growth, Overview, Analysis, Forecast 2023Posted by Nita on March 16th, 2022 Overview: The airborne ISR finds significant application in determining intruder’s strength, movements and activities. This ISR system get controlled by secret intelligence services. This particular technological advancement provides real-time situational awareness and response. Air defense system, command centers, and others are gaining much profit from this market. The airborne ISR market is all set to rise by 4.10% during the forecast period (2017-2023). Market Research Future (MRFR) in their report claimed that the CAGR this market is about to garner can help the airborne ISR market cross the expected valuation of USD 27,786.6 million by 2023. The airborne ISR market is witnessing a rise in demand in sync with burgeoning UAV industry. At the same time, the rising security threats across the globe is spurring the demand for inclusion of sophisticated ISR systems which is also providing much traction to the global market. Launch of wireless sensors and a shift towards en route command & control are expected to provide further thrust to the global airborne ISR market. Segmentation: The global airborne ISR market has been segmented by MRFR based on system and purpose. This market has data backed by volume-wise and value-wise analysis. Based on the system, the global airborne ISR market can be segmented into AEWC (Airborne Early Warning and Control), electronic warfare, sensors, and maritime petrol. The sensors and electronic warfare had coverage over 35.8% and 25.4% of the entire market in 2016. However, the sensor segment is expected to score the highest CAGR by recording 4.42% growth during the forecast period. Based on the purpose, the global airborne ISR market can be segmented into surveillance, reconnaissance and intelligence. The surveillance and reconnaissance segment encompassed 40.3% and 31.3% of the global market in 2016 respectively. However, the surveillance segment records the fastest growth by clocking 4.25% CAGR over the forecast period. Competitive Landscape: Influential companies are getting engaged in the airborne ISR market by developing new strategies. The intent is not just to take individual lead but, also, to expand scopes for the market to perform well and grow. These companies are, as listed by MRFR, Lockheed Martin (US), BAE Systems (UK), UTC Aerospace Systems (US), Elbit Systems Ltd (Israel), Northrop Grumman (US), Raytheon (US), General Dynamics (US), FLIR Systems Inc (US), Thales (France), and Boeing (US). The report also contains the latest developments made by these companies to ease the process of a better predictive analysis.
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