Demand Growth, Business Drivers, and Revenue Strategies for the Airborne Intelligence Surveillance and Reconnaissance Market from 2023 to 2033

Airborne Intelligence Surveillance Reconnaissance Market

Even in a time of increased geopolitical unpredictability, economic downturns, and reduced defence spending, the threats that nations face from terrorists or other foes hardly change directly in relation to these factors. Some of them are investing in airborne intelligence surveillance and reconnaissance gear so they can always be one step ahead of any circumstance and react proactive rather than reactively.

The six countries that spend the most on defense—the US, UK, Russia, India, and China—are expected to replace or update their entire fleet of aerial intelligence, surveillance, and reconnaissance systems. Additionally, a variety of customization choices, sensor upgrades, and payment alternatives are available in the aerial intelligence surveillance and reconnaissance sector.

From 2017 to 2022, the airborne intelligence surveillance and reconnaissance market is anticipated to grow at a strong CAGR of 6.2%.

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• Gas-electric hybrids are projected to have a marginal revenue share in the airborne intelligence surveillance and reconnaissance market by fuel type segment in 2017 but should gain some share going forward. An absolute dollar opportunity of more than US$ 780 million can be attributed to gas-electric hybrids from 2017 to 2022. Solar powered airborne intelligence surveillance and reconnaissance equipment is a similar niche at present as the investment in solar energy is marginal at best, especially when compared to conventional airborne intelligence surveillance and reconnaissance equipment. Nonetheless, companies actively involved in the solar powered segment could seek to target North America as the region is predicted to near a value of US$ 1 billion by end 2022
• A quarter of the revenue share by fuel type segment in the airborne intelligence surveillance and reconnaissance market is on account of alternative fuels. The alternative fuel segment is assessed to witness a robust CAGR in excess of 5.5% from 2017 to 2022, making it imperative for key stakeholders in the airborne intelligence surveillance and reconnaissance market to be present in this segment. Hydrogen fuel cell segment presents a slightly smaller market opportunity that the alternative fuel segment in the airborne intelligence surveillance and reconnaissance market. However, it can scarcely be ignored entirely as major players are investing heavily in tapping hydrogen as a fuel source because of its ubiquity

• The battery-operated segment is the largest in the airborne intelligence surveillance and reconnaissance market by fuel type. It is unlikely to cede its leadership position even if it loses market share. The North America battery-operated airborne intelligence surveillance and reconnaissance market is worth more than US$ 3.5 billion at the end of the forecast period

• Persistence Market Research has profiled a few of the most prominent companies that have shaped the airborne intelligence surveillance and reconnaissance market. The companies include Thales S.A, Rockwell Collins, Raytheon Company, General Dynamics Corporation, Boeing Co., UTC Aerospace Systems, Northrop Grumman Corp., Lockheed Martin Corporation, L3 Technologies, and BAE Systems.

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Airborne Intelligence Surveillance and Reconnaissance Market Taxonomy

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