The intelligence surveillance reconnaissance global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Intelligence Surveillance Reconnaissance Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The intelligence surveillance reconnaissance market size has grown strongly in recent years. It will grow from $46.12 billion in 2023 to $49.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to rise in demand for ISR systems, rise in demand for ISR capabilities, increase focus on border and maritime security, increase in defense budgets, and growth in security concerns for military personnel.
The intelligence surveillance reconnaissance market size is expected to see strong growth in the next few years. It will grow to $67.94 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing focus on border and maritime security, increasing demand for ISR systems for monitoring, rising geopolitical tensions, increasing demand for real-time data, expansion of unmanned aerial vehicles (UAVs), increasing government defense spending, and growing applications in civilian and public safety sectors. Major trends in the forecast period include integration of AI and machine learning, adoption of unmanned aerial vehicles (UAVs), adoption of multi-domain ISR solutions, development of compact and portable ISR technologies, advancements in space-based ISR systems, and advancements in cloud-based ISR platforms.
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Scope Of Intelligence Surveillance Reconnaissance Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Intelligence Surveillance Reconnaissance Market Overview
Market Drivers –
The rising terrorism is expected to propel the growth of the intelligence surveillance reconnaissance market going forward. Terrorism is the use of violence, threats, or intimidation, often against civilians, to achieve political, ideological, or religious objectives. The rising terrorism is due to territorial disputes and power struggles, hardline governments, diplomatic failures, and inadequate border security. Intelligence surveillance reconnaissance (ISR) enhances geopolitical stability and border security by providing real-time data to detect, monitor, and counter terrorist threats and unauthorized border activities. ISR empowers security forces to act swiftly and decisively, preventing potential attacks, disrupting terrorist networks, and ultimately saving lives. For instance, in March 2023, according to The United Nations Office for the Coordination of Humanitarian Affairs(OCHA), a US-based government agency, terrorist attacks became more lethal in 2022, with an average of 1.7 fatalities per attack, an increase from 1.3 deaths per attack in 2021. Therefore, the increasing terrorism drives the intelligence surveillance reconnaissance market.
Market Trends –
Major companies operating in the intelligence surveillance reconnaissance market are focused on developing innovative solutions such as autonomous intelligence, surveillance, and reconnaissance (ISR) unmanned ground vehicles (UGV) to enhance real-time situational awareness, conduct reconnaissance missions in hazardous environments, and provide advanced surveillance capabilities without risking human lives. An autonomous unmanned ground vehicle (UGV) designed for ISR missions, equipped with advanced sensors, cameras, and communication systems, enables real-time data collection and transmission from the field. For instance, in May 2022, Milrem Robotics, a UAE-based robotic vehicle manufacturer, launched THeMIS Observe, an autonomous intelligence, surveillance, and reconnaissance (ISR) unmanned ground vehicle (UGV). This is equipped with ISR technologies such as the Z: Sparrowhawk Camera, Squire Radar, and ROSY obscuring system that boosts unit survivability and reaction speed. The UGV features Milrem’s intelligent functions kit, allowing autonomous operations such as follow-me mode and waypoint navigation. Its modular design allows for adaptability to various missions and integration with different sensors, with optional defense capabilities via a light remote weapon station.
The intelligence surveillance reconnaissance market covered in this report is segmented –
1) By Type: Cyber Intelligence, Geospatial Intelligence, Human Intelligence, Open-Source Intelligence, Signals Intelligence
2) By Component: Hardware, Services, Software
3) By Data Processing And Analytics: Image Processing, Signal Processing, Data Fusion, Artificial Intelligence, Machine Learning
4) By Sensor Type: Electro-Optical Sensors, Radar Sensors, Acoustic Sensors
5) By Platform: Air, Land, Sea, Space
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Regional Insights –
North America was the largest region in the intelligence surveillance reconnaissance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligence surveillance reconnaissance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the intelligence surveillance reconnaissance market are The Boeing Company, RTX Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Thales S.A., L3Harris Technologies Inc., Leonardo S.p.A., Textron Systems, Huntington Ingalls Industries Inc., Science Applications International Corporation Inc., Bombardier Inc., Rheinmetall AG, Teledyne Technologies Incorporated, Elbit Systems Ltd., Embraer S.A., Israel Aerospace Industries Limited, General Atomics Inc., Kongsberg Gruppen ASA, Meggitt PLC, QinetiQ Group PLC, Cubic Corporation, Kratos Defense & Security Solutions Inc., AeroVironment Inc.
Table of Contents
1. Executive Summary
2. Intelligence Surveillance Reconnaissance Market Report Structure
3. Intelligence Surveillance Reconnaissance Market Trends And Strategies
4. Intelligence Surveillance Reconnaissance Market – Macro Economic Scenario
5. Intelligence Surveillance Reconnaissance Market Size And Growth
…..
27. Intelligence Surveillance Reconnaissance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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