Global competitiveness and key competitor percentage market shares Market presence across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to our digital archives and MarketGlass Research Platform Complimentary updates for one year
Global Airborne Intelligence Surveillance and Reconnaissance (ISR) Market to Reach $28 Billion by 2027 In the changed post COVID-19 business landscape, the global market for Airborne Intelligence Surveillance and Reconnaissance (ISR) estimated at US$19.7 Billion in the year 2020, is projected to reach a revised size of US$28 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Systems, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$18 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 4.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.8 Billion, While China is Forecast to Grow at 6.5% CAGR The Airborne Intelligence Surveillance and Reconnaissance (ISR) market in the U.S. is estimated at US$7.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3 Billion by the year 2027.
Service Segment to Record 4% CAGR In the global Service segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion in the year 2020 will reach a projected size of US$3.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.3% CAGR through the analysis period.
Select Competitors (Total 66 Featured) Airbus SE BAE Systems PLC CACI International, Inc. Elbit Systems Ltd. Hensoldt AG L3Harris Technologies, Inc. Leonardo SPA Lockheed Martin Corporation Northrop Grumman Corporation Raytheon Technologies Corporation Saab AB Textron, Inc. Thales Group The Boeing Company
Our reports have been used by over 10K customers, including:
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.