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According to the latest report by IMARC Group, titled “Airborne ISR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global airborne ISR market size reached US$ 27.1 Billion in 2021. Airborne intelligence, surveillance and reconnaissance (ISR) systems are used to navigate, track and identify targets. They also assist in performing various security operations to enhance situational awareness for military personnel protection. Nowadays, the leading players in the industry are designing advanced airborne ISR platforms to facilitate multi-intelligence solutions by integrating them with the next generation of aerial sensors to give a comprehensive overview of the battlespace.
Global Airborne ISR Market Trends:
Airborne ISR systems are mainly being utilized by defense authorities to acquire data from potential threats to improve national security. Also, with the advancements in technology and the rising number of terror attacks, economic prosperity, and political and religious conflicts, various countries are focusing on enhancing their warfare capabilities. Owing to this, the demand for continuous surveillance and advanced data links have grown exponentially over the past few years. Besides this, governments across the globe are also implementing several initiatives to improve airborne ISR deployment. Moreover, the ongoing research and development (R&D) activities in advanced electro-optical and infrared sensors used in ISR and tactical missions have impelled the market growth. Looking forward, the market value is projected to reach US$ 35.9 Billion by 2027, expanding at a CAGR of 4.6% during 2022-2027.
Market Summary:
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