Market Share of Europe Intelligence Surveillance And Reconnaissance Industry
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
General Dynamics Corporation
The Boeing Company
Elbit Systems Ltd.
BAE Systems plc
L3Harris Technologies, Inc.
*Disclaimer: Major Players sorted in no particular order
