Europe Intelligence Surveillance & Reconnaissance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Intelligence Surveillance and Reconnaissance Market Report is Segmented by Platform (Land, Air, Sea, and Space), and Geography (UK, France, Germany, Italy, Russia, and the Rest of Europe). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Europe Intelligence Surveillance & Reconnaissance Market Size

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Europe Intelligence Surveillance and Reconnaissance Market_Overview
Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 3.84 Billion
Market Size (2029) USD 4.74 Billion
CAGR (2024 - 2029) 4.47 %
Market Concentration Medium

Major Players

Europe Intelligence Surveillance And Reconnaissance Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Intelligence Surveillance & Reconnaissance Market Analysis

The Europe Intelligence Surveillance And Reconnaissance Market size is estimated at USD 3.84 billion in 2024, and is expected to reach USD 4.74 billion by 2029, growing at a CAGR of 4.47% during the forecast period (2024-2029).

  • The European intelligence, surveillance, and reconnaissance (ISR) market is expected to witness substantial growth due to significant investments made by countries in the region to strengthen their land and maritime borders, as well as to ensure the security of airspace. Rapid technological evolution in the ISR market is forcing countries to spend more on the procurement of the latest technologies. The inclusion of the latest technologies, like artificial intelligence and machine learning, in ISR is helping the military forces to a great extent.
  • The market is marred by the high costs associated with the development and deployment of cutting-edge ISR systems. The high cost poses a barrier for some entities, hindering the adoption and creating a challenge for the market players in providing state-of-the-art solutions to a broader user range.
  • An emerging trend of focusing on counter-drone technologies within the intelligence surveillance reconnaissance (ISR) industry responds to the proliferation of drones and potential security risks. With the increased utilization of unmanned aerial systems (UAS), there is a heightened need for effective detection, tracking, and mitigation solutions. ISR systems are being incorporated with advanced technologies, such as radar, sensors, and signal jamming, to identify and neutralize hostile drones. This helps safeguard critical infrastructure, public events, and military operations from potential threats posed by unauthorized UAS.

Europe Intelligence Surveillance & Reconnaissance Market Trends

Air Segment to Dominate Market Share During the Forecast Period

  • The aerial platforms provide extensive ISR capabilities. This is the first additional capability required by a combat decision-maker to make informed decisions during a crisis or contingency situation. The crewed (reconnaissance aircraft and airborne early warning aircraft) and crewless aerial ISR systems are used to synchronize the planning and operation of the components of this ISR enterprise, including analysis and production capabilities, to enable current and future operations.
  • Several countries are robustly investing in upgrading their airborne capabilities through new procurement or modernization of their existing fleet. For instance, in March 2022, Germany decided to purchase up to 35 Lockheed Martin F-35 stealth jets and replace its aging Tornado fleet. Germany is planning to gradually retire the Tornado fleet between 2025 and 2030. The F-35 is a stealthy, supersonic multirole fighter jet with advanced technology equipped with the latest systems developed by Lockheed Martin Aeronautics Company.
  • In January 2022, the Spanish Ministry of Defense (MoD) signed a USD 39.8 million contract with Indra to integrate its latest electronic warfare (EW) systems onto the Spanish Army's Boeing CH-47F Chinook transport helicopters. According to Indra, the helicopters will be integrated with the company's InShield directional infrared countermeasures (DIRCM) system, InWarner sensor, and ALR-400FD radar alerter.
  • The procurement of new aircraft and the modernization of indigenous systems are expected to generate more demand for the latest ISR systems over the forecast period, driving the growth of the ISR market in Europe.
Europe Intelligence Surveillance And Reconnaissance Market : Defense Expenditure, in USD Billion, by Country, 2022

Russia is Anticipated to Witness Highest Growth During the Forecast Period

  • Russia's military expenditure increased by 9.2% in 2022 to USD 86.4 billion, equivalent to 4.1% of Russia's GDP. Russia has advanced significantly in EW and ISR platforms over the past decade, continuing to challenge NATO’s defense in the Baltic States and NATO’s entire Eastern Flank. Russia’s growing interest in EW is part of a wider effort to adopt and strengthen its network-centric capability, focusing on C4ISR integration.
  • In recent years, Russian authorities have conducted trials on the new spy aircraft, dubbed the All-Seeing Eye. The aircraft is a Beriev A-100 retrofitted with 20 tons of unique surveillance equipment. The AEW&C aircraft is built on the latest version of the Ilyushin Il-76 military transport aircraft. The A-100 sports an active electronically scanned array radar (AESA) in its rotating radome. These aircraft are expected to replace the existing A50 aircraft in the Air Force fleet.
  • The United Aircraft Corporation is currently fulfilling the contract with the Russian Defense Ministry to upgrade the anti-submarine warfare Il-38 aircraft operated by Russian naval aviation. The Ilyushin Company is extending the lifecycle of the remaining aircraft and equipping them with modern onboard capabilities. The latest Novella complex is mounted on a modernized Il-38 to increase the searching efficiency and detection of submarines. The upgrade and deliveries of all the aircraft are expected to be completed by 2025. The UAC is also working on the design of the new-generation maritime patrol aircraft expected to replace the Il-38 in the future.
  • Russia’s plans to upgrade its defense technology are expected to drive the demand for advanced ISR systems over the forecast period.
Europe Intelligence Surveillance And Reconnaissance Market : Defense Expenditure, in USD Billion, Russia, 2018 - 2022

Europe Intelligence Surveillance & Reconnaissance Industry Overview

The intelligence, surveillance, and reconnaissance market is semi-consolidated. L3Harris Technologies, Inc., Elbit Systems Ltd., BAE Systems plc, and General Dynamics Corporation are some of the major players leading in terms of market share.

The ISR market is expected to reach a mature position, wherein small regional players are expected to be either acquired or merged with the market giants to survive the competition. 

For instance, in April 2022, The Swedish Defense Material Administration (FMV) signed a contract with Saab AB to provide a new Gripen launch system, with the contract valued at an estimated USD 40 million. The new order will see the development and integration of a new launch system for countermeasure pods and air-to-air missiles on the Gripen C/D and Gripen E jets.

Europe Intelligence Surveillance & Reconnaissance Market Leaders

  1. General Dynamics Corporation

  2. The Boeing Company

  3. Elbit Systems Ltd.

  4. BAE Systems plc

  5. L3Harris Technologies, Inc.

*Disclaimer: Major Players sorted in no particular order

Europe Intelligence Surveillance And Reconnaissance Market Concentration
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Europe Intelligence Surveillance & Reconnaissance Market News

  • October 2023: The United Kingdom unveiled plans to commence trials for 16 new Protector surveillance aircraft. These cutting-edge aircraft will undergo rigorous test flights, with the goal of being fully operational by late 2024. The newly introduced uncrewed RAF aircraft is designed for comprehensive global surveillance operations.
  • April 2022: IAI made a significant announcement, revealing that the company had secured contracts with Italy totaling USD 550 million. These contracts encompass the sale of two early warning spy aircraft, along with comprehensive support and ground logistics services for the Italian Air Force.

Europe Intelligence Surveillance & Reconnaissance Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Platform

      1. 5.1.1 Land

      2. 5.1.2 Air

      3. 5.1.3 Sea

      4. 5.1.4 Space

  6. 6. Geography

    1. 6.1 United Kingdom

    2. 6.2 France

    3. 6.3 Germany

    4. 6.4 Italy

    5. 6.5 Russia

    6. 6.6 Rest of Europe

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Vendor Market Share

    2. 7.2 Company Profiles

      1. 7.2.1 L3Harris Technologies, Inc.

      2. 7.2.2 General Dynamics Corporation

      3. 7.2.3 The Boeing Company

      4. 7.2.4 Elbit Systems Ltd.

      5. 7.2.5 BAE Systems plc

      6. 7.2.6 THALES

      7. 7.2.7 Rheinmetall AG

      8. 7.2.8 CACI International Inc.

      9. 7.2.9 Northrop Grumman Corporation

      10. 7.2.10 Kratos Defense & Security Solutions Inc.

      11. 7.2.11 RTX Corporation

      12. 7.2.12 IAI

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Intelligence Surveillance & Reconnaissance Industry Segmentation

Intelligence surveillance and reconnaissance (ISR) is an integrated intelligence and operations function that can be defined as the coordinated acquisition, processing, and provision of accurate, relevant, and timely information and intelligence to support the defense force's decision-making process.

The Europe ISR market is segmented by platform into air, land, sea, and space. The report also offers the market size and forecasts for five countries across the region (United Kingdom, France, Germany, Italy, Russia, and the Rest of Europe). 

For each segment, the market sizing and forecasts have been done based on value (USD).

Platform
Land
Air
Sea
Space
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Europe Intelligence Surveillance & Reconnaissance Market Research FAQs

The Europe Intelligence Surveillance And Reconnaissance Market size is expected to reach USD 3.84 billion in 2024 and grow at a CAGR of 4.47% to reach USD 4.74 billion by 2029.

In 2024, the Europe Intelligence Surveillance And Reconnaissance Market size is expected to reach USD 3.84 billion.

General Dynamics Corporation, The Boeing Company, Elbit Systems Ltd., BAE Systems plc and L3Harris Technologies, Inc. are the major companies operating in the Europe Intelligence Surveillance And Reconnaissance Market.

In 2023, the Europe Intelligence Surveillance And Reconnaissance Market size was estimated at USD 3.67 billion. The report covers the Europe Intelligence Surveillance And Reconnaissance Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Intelligence Surveillance And Reconnaissance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe Intelligence Surveillance & Reconnaissance Industry Report

Statistics for the 2024 Europe Intelligence Surveillance & Reconnaissance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Intelligence Surveillance & Reconnaissance analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Europe Intelligence Surveillance & Reconnaissance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)