Market Size of Airborne ISR Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 8.14 Billion |
| Market Size (2029) | USD 11.23 Billion |
| CAGR (2024 - 2029) | 6.64 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Airborne ISR Market Analysis
The Airborne ISR Market size is estimated at USD 8.14 billion in 2024, and is expected to reach USD 11.23 billion by 2029, growing at a CAGR of 6.64% during the forecast period (2024-2029).
The COVID-19 pandemic and the resultant lockdowns resulted in a sudden dent in the GDPs of several countries. Also, the pandemic demanded huge and impulsive spending toward the healthcare systems in countries, leading to a scarcity of economic resources. Although the global military spending increased in 2020, this factor is expected to force countries to take a conservative approach toward their future military budgets, thereby hampering the airborne ISR market during the forecast period. The pandemic has resulted in severe disruptions in the supply chains of major ISR programs and has reduced production output. Delays in several developments projects in the airborne ISR industry have also been observed. These factors have negatively impacted players in the related market.
The airborne ISR market is expected to grow as ISR usage is increasing and more countries are adopting ISR technology for securing their borders. Rapid technological developments are breeding disruptive technologies in the defense industry. The increasing use of small unmanned systems for surveillance is further expected to generate demand for electronic components used in ISR missions. Advanced data integration with a multi-level comparative analysis to provide data accuracy and management may provide new market opportunities for the airborne ISR market.
