KITU

Reconnaissance and Surveillance Segment Leads the Way, Boeing, Bombardier, and Embraer Innovate for Market Domination

Retrieved on: 
Tuesday, November 7, 2023
Cyber, Royal Netherlands Air Force, Government, KITU, ABCANZ Armies, MDO, General Atomics, Computer, Atmosphere, RNLAF, Control, Communication, Command, Growth, Grozny ballistic missile attack, ISR, UAS, United States Army Command, Control, Communication, Computers, Cyber, Intelligence, Surveillance and Reconnaissance Center, Aircraft, Arms industry, Intelligence

North America, particularly the United States, leads the global market, benefiting from substantial defense spending and a robust defense industry.

Key Points: 
  • North America, particularly the United States, leads the global market, benefiting from substantial defense spending and a robust defense industry.
  • Favorable government policies are poised to further support market growth in North America and Europe during the forecast period.
  • In 2022, the intelligence, surveillance, and reconnaissance (ISR) aircraft and drones market was dominated by established players, accounting for 90% of the market share, whereas start-ups managed to capture 10% of the market.
  • With the growing need for military reconnaissance purposes arising, more players will enter the global intelligence, surveillance, and reconnaissance (ISR) aircraft and drones market with each passing year.

Global ISR Aircraft and Drones Market Set to Soar, Expected to Reach $22.1 Billion by 2033 with a CAGR of 5.2% - ResearchAndMarkets.com

Retrieved on: 
Monday, November 6, 2023
Military, Defense, Cyber, Royal Netherlands Air Force, Government, KITU, ABCANZ Armies, MDO, General Atomics, Computer, Atmosphere, RNLAF, Control, Communication, Command, Growth, Grozny ballistic missile attack, ISR, UAS, United States Army Command, Control, Communication, Computers, Cyber, Intelligence, Surveillance and Reconnaissance Center, Aircraft, Arms industry, Intelligence

Asia-Pacific is anticipated to witness significant growth, driven by increasing demand for ISR capabilities and cross-border tensions among regional nations.

Key Points: 
  • Asia-Pacific is anticipated to witness significant growth, driven by increasing demand for ISR capabilities and cross-border tensions among regional nations.
  • Favorable government policies are poised to further support market growth in North America and Europe during the forecast period.
  • In 2022, the intelligence, surveillance, and reconnaissance (ISR) aircraft and drones market was dominated by established players, accounting for 90% of the market share, whereas start-ups managed to capture 10% of the market.
  • With the growing need for military reconnaissance purposes arising, more players will enter the global intelligence, surveillance, and reconnaissance (ISR) aircraft and drones market with each passing year.