Future Outlook of Intelligence, Surveillance, and Reconnaissance Market 2019 Analysis by Top Key Players, Types, Applications, Product and Services Forecast till 2024

Intelligence, Surveillance, and Reconnaissance

Intelligence, Surveillance, and Reconnaissance market report offers an in-depth analysis of this market across the globe. The study, aimed at providing current and prospect players in this market sharp insights to gain the advantage over their competitors. Intelligence, Surveillance, and Reconnaissance market report does so by providing an executive summary including all valuable market figures and exploring the favourable factors that are expected to drive the growth rate of the market, besides taking account of the restraining factors. The report also highlights the emerging trends in the global market. Intelligence, Surveillance, and Reconnaissance Market is expected to register a CAGR during the forecast period of (2019 – 2024).

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The Major Players Described in Intelligence, Surveillance, and Reconnaissance Market Report Are:

  • L3 Technologies Inc.
  • General Dynamics Corporation
  • The Boeing Company
  • Elbit Systems Ltd
  • BAE Systems PLC
  • Harris Corporation
  • Thales
  • Raytheon Systems Company LLC
  • Rheinmetall Defense
  • CACI International Inc.
  • Northrop Grumman Corporation
  • Kratos Defense & Security Solutions Inc.
  • Market Overview:

  • The Intelligence, Surveillance and Reconnaissance market is anticipated to reach over USD 46 billion by 2024, at a CAGR of 4% during the forecast period. The major goal of ISR is success through information dominance'.
  • The global ISR market is expected to grow moderately because the usage of ISR is increasing, and more countries are adopting this technology for securing the borders of their country.
  • Rapid technological developments are breeding disruptive technologies in the defense industry. Impact of defense majors' portfolio capabilities creates an unexpected competition, particularly in the case for ISR.
  • The growing use of small unmanned systems for surveillance is further expected to generate the demand for electronic components used in ISR missions.
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    Key Market Trends:

    Growth Led by the Airborne ISR Segment

    The global ISR market is segmented based on platforms into land, air, sea, and space. The land-based platforms segment held the largest market share in 2018. The air-based platforms segment, led by the increasing popularity of UAVs and communication system, is expected to be one of the fastest-growing segments until 2024, and it is likely to control almost one-third of the market. The space platforms segment is anticipated to attract the maximum attention and is likely to be the most-explored segment of this industry. As seen in some new projects, the market at present is moving toward consolidation and integration of ISR systems across all platforms, which may result in efficiency and performance. In the airborne segment, the demand for electronic support/countermeasures (ESM/ECM), airborne C3, and surveillance/maritime patrol aircraft is expected to grow steadily, owing to the increasing need for total situational awareness, air superiority, and survivability.

    Asia-Pacific Will Experience the Highest Growth in the ISR Market

    The United States is one of the leading countries, in terms of defense platforms and spending. The country also spends heavily in order to bring collaboration between naval, airborne space, as well as land forces. The United States Coast Guard's Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance Systems Acquisition Program is a multi-year effort in order to design, develop, and integrate the equipment used on the Coast Guard's newest assets, which also includes the national security cutter, offshore patrol cutter, long-range surveillance aircraft (HC-130J), and the medium range surveillance aircraft (HC-144A, C-27J). Currently, North America holds a major share. However, the market dynamics are shifting toward the Asia-Pacific and Middle Eastern regions. China and India are taking huge strides toward strengthening their armed force capabilities, and are among the top five defense spending countries in the world. Also, both these countries have plans to enhance their unmanned aerial systems in the near future, which is expected to propel the growth of the market in this region.

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    Scope of the Report:

  • ISR is an integrated intelligence and operations function that can be defined as a coordinated acquisition, processing, and provision of accurate, relevant, timely information and intelligence to support the defense force's decision-making process.
  • Intelligence, Surveillance, and Reconnaissance Market Covers Major Factors:

    • Global Intelligence, Surveillance, and Reconnaissance Market Overview
    • Economic Impact on Market
    • Market Competition
    • Global Intelligence, Surveillance, and Reconnaissance Market Analysis by Application
    • Industrial Chain, Sourcing Strategy and Downstream Buyers
    • Marketing Strategy Analysis, Distributors/Traders
    • Global Intelligence, Surveillance, and Reconnaissance Market Effect, Factors, Analysis
    • Global Intelligence, Surveillance, and Reconnaissance Market Forecast

    Key questions answered in the report include:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Intelligence, Surveillance, and Reconnaissance market?
    • What are the key market trends impacting the growth of the global Intelligence, Surveillance, and Reconnaissance market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the vendors in the global Intelligence, Surveillance, and Reconnaissance market?

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    Intelligence, Surveillance, and Reconnaissance Market Covers Following Points in TOC:

    Chapter 1: Intelligence, Surveillance, and Reconnaissance Market Definition

    Chapter 2: Research Methodology of Intelligence, Surveillance, and Reconnaissance Market

    Chapter 3: Intelligence, Surveillance, and Reconnaissance Market Executive Summary

    Chapter 4: Intelligence, Surveillance, and Reconnaissance Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services

    Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges

    Chapter 6: Intelligence, Surveillance, and Reconnaissance Market Segmentation by Types, End-User, and Applications Forecast to 2024

    Chapter 7: Intelligence, Surveillance, and Reconnaissance Market Segmentation by Geographical Regions

    Chapter 8: Competitive Landscape of Intelligence, Surveillance, and Reconnaissance Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches

    Chapter 9: Key Players for Intelligence, Surveillance, and Reconnaissance Market

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