ISR (intelligence, surveillance, and reconnaissance) systems aid in the detection and monitoring of friendly and hostile forces, as well as the assessment of damage to hostile targets in a given area. They also help with various security activities to improve situational awareness for the protection of military personnel. Electro-optical/infrared (EO/IR) sensors, radar, and signals intelligence (SIGINT) systems are the three types of electronic sensors used in these systems to capture data. Naval ISR equipment are now being used by defence authorities to boost national security and gather intelligence from prospective adversaries.
MARKET SCOPE
The "Global Naval ISR Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military marine vessel engines market with detailed market segmentation by type, platform, products and geography. The report provides key statistics on the market status of the leading Naval ISR Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the vessel, the market is segmented into surface vessels and underwater vessel.
- Based on mode of operation, the market is segmented as manned and unmanned.
- Based on application, the market is segmented into search and rescue, intelligence gathering, coastal surveillance, tactical support and others.
MARKET DYNAMICS
Drivers:
- Increasing Defense Spending and Procurement Programs in Asian Countries to help Market Growth
- Rising Adoption of ISR Systems to Assist In Performing Various Security Operations To Enhance Situational Awareness
Restraints:
- Concerns Regarding the Effectiveness of the Devices.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Naval ISR Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Naval ISR Market in these regions
IMPACT OF COVID-19 ON NAVAL ISR MARKET
The COVID-19 outbreak, and the resulting lockdowns caused a sharp drop in some countries' GDPs. Furthermore, the pandemic necessitated massive and rash spending on healthcare systems in countries, resulting in a scarcity of economic resources. The ISR market, on the other hand, is predicted to rise as ISR usage grows and more countries employ ISR technology to secure their borders. Disruptive innovations are emerging in the military industry as a result of rapid technical advancements. Electronic components utilized in ISR missions are likely to increase in demand as the use of small unmanned systems for surveillance grows. Advanced data integration combined with multi-level comparison analysis to ensure data integrity and management could open up new business potential for the ISR industry.
MARKET PLAYERS
The report covers key developments in the Naval ISR Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Naval ISR Market are anticipated to lucrative growth opportunities in the future with the rising demand for Naval ISR in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Naval ISR Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Atlas Electronik GmbH
- BAE Systems Plc
- General Dynamics Corporation
- L3Harris Technologies Inc.
- Leonardo DRS
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Inc.
- Thales Group
- Ultra Electronics
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.