Report ID: SQMIG20O2015
Report ID:
SQMIG20O2015 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
93 |
Figures:
76
Global Airborne ISR Market size was valued at USD 12.4 billion in 2022 and is poised to grow from USD 12.97 billion in 2023 to USD 17.67 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
At times the global market for airborne intelligence, surveillance and reconnaissance (ISR) has witnessed changes in consumer preferences and demands. This shift can be attributed to factors such as heightened tensions, the need for advanced military capabilities and a growing demand for real time information.
The continuous advancements in sensor technologies, communication systems and data analytics have significantly bolstered the capabilities of ISR platforms. Furthermore the integration of intelligence and machine learning has played a role in improving data analysis processes and enhancing decision making abilities.
Moreover numerous countries have been allocating increased budgets towards defense to modernize their forces. One specific area of focus has been on strengthening ISR capabilities. As a result there has been a rise in the procurement of ISR platforms along with associated technologies. Notably there is a trend towards autonomous airborne ISR platforms. These systems offer advantages such as flight durations, reduced risks for operators and greater flexibility, during deployment.
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Report ID: SQMIG20O2015