The global demand for Airborne Surveillance Market is presumed to reach the market size of nearly USD 8.54 MN by 2028 from USD 5.5 MN in 2021 with a CAGR of 6.5% under the study period 2022 - 2028.
Airborne surveillance is a radar system used by the military to track targets like other aircraft, helicopters, and ground vehicles. Most countries use a plane for carrying out surveillance. These aircraft do not require stealth characteristics and can be modified civilized aircraft. Airborne surveillance plays an essential role in a nation's security as they help provide fast and accurate information about any susceptible dangers in the air, land, or water. The latest addition to airborne surveillance is drones equipped with a live-feed camera, infrared cameras, heat sensors, and even a radar system.
Market Dynamics
A significant factor for the market is the development of drones that help gather information for military purposes on a real-time basis. Many countries like the US have now increased their defense budget, further driving the market growth. The increased use of commercial drones in the commercial sector for security and surveillance at the interstate and intrastate levels is likely to provide Airborne Surveillance Market opportunities. Local governments utilise commercial drones to tackle public issues such as detecting regions where there is a lack of water supply and other public issues. As a result, the market for airborne surveillance grows in response to the need for commercial drones. The fast development of airborne surveillance equipment, such as forward-looking infrared (FLIR), micro-airborne surveillance vehicles (MAVS), and high-resolution imagery capable of detecting things at great distances, is propelling the market for airborne surveillance. The unmanned airborne surveillance is expected to contribute to the market's growth due to its high commercial and military setups demand.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of airborne surveillance. The growth and trends of airborne surveillance industry provide a holistic approach to this study.
Market Segmentation
This section of the airborne surveillance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Radar
- Lidar
- Imaging System
By Product Type
- Manned System
- Unmanned System
By End Use
- Military, Defense, And Security
- Isr And Targeting
- Search And Rescue
- Law Enforcement
- Border Surveillance
- Commercial
- Engineering, Surveying, And Mapping
- Inspection And Monitoring
- Agriculture And Forestry
- Exploration
- Insurance
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Airborne Surveillance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Airborne Surveillance Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the airborne surveillance market include Airbus (France), Boeing (US), Saab (Sweden), BAE Systems (UK), Raytheon (US), Lockheed Martin (US), Leonardo (Italy), FLIR Systems (US), Northrop Grumman (US), L-3 Wescam (Canada), Leica Geosystems (Switzerland), Teledyne Technologies (US), Safran (France), Thales (France), and Israel Aerospace Industries (Israel). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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