North America held the largest market share by geographic area in
New York, July 21, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Airborne ISR Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https: // www .reportlinker .com / p06106008 /? utm_source = GNW
In addition, the pandemic has demanded huge and impulsive spending on the health systems of countries, resulting in a shortage of economic resources. Although global military spending increased in 2020, this factor is expected to force countries to take a conservative approach to their future military budgets, hampering the airborne ISR market during the forecast period. The pandemic has caused serious disruptions in the supply chains of major SRI programs and resulted in reduced production. In addition, delays in several development projects in the airborne ISR industry are also observed. These factors have had a negative impact on the related market players.
The airborne ISR market is expected to grow, as the use of ISR increases and more countries adopt ISR technology to secure their borders. Rapid technological developments are generating disruptive technologies in the defense industry. The increasing use of small unmanned systems for surveillance is also expected to generate demand for electronic components used in ISR missions. Advanced data integration with multi-level benchmarking to provide accuracy and data management may offer new market opportunities for the Airborne ISR market.
Key market trends
Unmanned Vehicle Segment To Experience Highest Growth During Forecast Period
Drones have become real tools for ISR missions and are therefore in great demand globally, as they offer inexpensive alternatives to countries considering procuring air assets for ISR and other missions. The emergence of new technologies and platforms has transformed the war strategies of countries like the United States, Russia and China. Drones are widely used in current war scenarios due to their visual superiority and ability to perform preemptive strikes and surveillance on specific locations. With nations’ tendency towards asymmetric warfare, UAVs are expected to be deployed in large numbers to collect crucial information that can serve as a key decision-making tool. Therefore, countries and major defense contractors are dramatically increasing R&D investments to improve their airborne ISR capabilities. For example, in February 2019, Kratos Defense & Security Solutions was awarded a $ 14 million contract to develop a new tactical drone, Aethon, which should be capable of effectively conducting ISR missions. Thus, the increasing adoption of electronic warfare is expected to drive the demand for superior ISR equipment aboard UAVs, in turn fueling the growth of the unmanned segment of the airborne ISR market.
North America continues to dominate the market
North America held the largest geographic market share in 2020. The United States is a major investor in modernizing its defense capabilities. The US government and the US Department of Defense plan to begin divesting a few air platforms to provide resources to fund emerging ISR capabilities capable of penetrating and collecting data in a highly contested environment. The Air Force conducts ISR missions to analyze, inform, and provide joint force commanders with the knowledge necessary to gain decision advantage. The SRI portfolio stands at USD 8.8 billion for fiscal year 2022. In April 2021, the US Army Requirements Oversight Board approved requirements for its future attack reconnaissance aircraft in the form of ‘an Abbreviated Capability Development Document (A-CDD) that validates the designs developed by two companies competing to build the aircraft. Lockheed Martin’s Sikorsky and Bell are in a head-to-head competition to build prototypes and fly them from November 2022. The military is also in the process of putting online a second technology demonstrator called ARES or Airborne Reconnaissance and Electronic Warfare. System after awarding a contract with L3Harris Technologies in November 2020. ARES is based on a Bombardier Global Express 6500 jet which will have a different electromagnetic intelligence package than that of Artemis. In recent years, the United States has generated a great deal of interest in multi-mission maritime patrol aircraft, which has led the United States to place more orders for maritime patrol aircraft to increase its maritime surveillance capabilities. Such developments are expected to drive the market growth in the region during the forecast period.
The airborne ISR market is highly fragmented, with several players developing ISR platforms and subsystems for various global armed forces. Northrop Grumman Corporation, The Boeing Company, Elbit Systems Ltd, Lockheed Martin Corporation and Raytheon Technologies Corporation are some of the major players in the market. However, several local players are collaborating with historical market companies on regional projects to design and integrate smaller subsystems that effectively meet the specific needs of regional end-user defense forces. Suppliers compete on the basis of their in-house manufacturing capabilities, global network, product offerings, R&D investments and a strong customer base. Suppliers must provide state-of-the-art systems to airborne ISR integrators to survive and succeed in the fiercely competitive market environment. The majority of defense OEMs integrate third-party EO / IR equipment on board their airborne ISR platforms, so they try to minimize the R&D costs of cross-integrating such systems on board different platforms.
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