Intelligence Surveillance Reconnaissance (ISR) Market Size
Market Outlook:
Intelligence Surveillance Reconnaissance (ISR) Market surpassed USD 42.79 Billion in 2023 and is estimated to exceed USD 72.91 Billion by end of the year 2032, growing at over 6.1% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 42.79 Billion
19-23
x.x %
24-32
x.x %
CAGR (2024-2032)
6.1%
19-23
x.x %
24-32
x.x %
Forecast Year Value (2032)
USD 72.91 Billion
19-23
x.x %
24-32
x.x %
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:Increasing demand for unmanned aerial vehicles (UAVs) for intelligence, surveillance, and reconnaissance missions, advancements in sensor technologies for enhanced data collection and analysis, and growing investments in defense sector for modernizing ISR capabilities are driving the growth of the ISR market.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Platform, Component, And Application |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | BAE Systems, Boeing, Elbit Systems., General Atomics Aeronautical Systems,, General Dynamics, Israel Aerospace Industries (IAI), Kratos Defense & Security Solutions,, L3Harris Technologies,, Lockheed Martin, Northrop Grumman, Raytheon Technologies, Rheinmetall AG, SAAB AB, Textron, Thales |
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Budget constraints in defense sector that result in limitations in procurement of ISR systems and services, and concerns regarding privacy and civil liberties associated with widespread use of surveillance technologies are major restraints for the ISR market.
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