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

The Report Covers Global Intelligence Surveillance and Reconnaissance (ISR) Market and it is Segmented by Platform (Land, Air, Sea, and Space) and by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The market size and forecasts are provided in terms of value (USD Million) for all the above segments.

Intelligence Surveillance and Reconnaissance (ISR) Market Size

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Intelligence, Surveillance, and Reconnaissance Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 4.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Intelligence, Surveillance, and Reconnaissance Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Intelligence Surveillance and Reconnaissance (ISR) Market Analysis

The intelligence, surveillance, and reconnaissance (ISR) market is expected to register a CAGR of over 4.5% during the forecast period.

The COVID-19 pandemic had a moderate effect because of the disruption in the supply chain in 2020. However, the market became stable within a short time and has also grown in 2021 and 2022. With the increase in the defense budget by countries worldwide, the market is further expected to grow. According to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure in 2021 crossed USD 2 trillion for the first time ever, which was a 0.7% increase compared to the global military expenditure in 2020. The global military budget has been increasing yearly for the past 8 years. With tensions between the nations, the military expenditure by various nations is expected to increase, which will result in a surge in investments for the development and procurement of intelligence, surveillance, and reconnaissance technologies and devices during the forecast period.

Rapid technological developments are breeding disruptive technologies in the defense industry. The impact of defense majors' portfolio capabilities creates unexpected competition, particularly in the case of ISR. The increasing use of small unmanned systems for surveillance is further expected to generate demand for electronic components used in ISR missions.

Intelligence Surveillance and Reconnaissance (ISR) Market Trends

This section covers the major market trends shaping the Intelligence Surveillance Reconnaissance Market according to our research experts:

Growth Led by the Air Segment of the Market

The air segment of the market, driven by the growing popularity of UAVs and communication systems, is expected to grow rapidly during the forecast period and control nearly one-third of the market. The space segment is anticipated to attract significant attention, and it is likely to be the most-explored segment of this market. As seen in some new projects, at present, the market is moving toward consolidation and integration of ISR systems across all platforms, which may result in high efficiency and performance. In the air segment, the demand for electronic support and countermeasures (ESM and ECM), airborne C3, and surveillance and maritime patrol aircraft is expected to increase steadily, owing to the surging need for total situational awareness, air superiority, and survivability. In June 2022, Raytheon Technologies and L3Harris partnered together to work on the second phase of the United States Army's High Accuracy Detection and Exploitation System (HADES), a multi-domain sensing system (MDSS), program. The second phase of the HADES program is improving aerial intelligence. Phase 1 of this program was awarded to Raytheon and L3Harris in June 2021, under which the companies are expected to demonstrate, develop, and build prototype electronic intelligence and communications intelligence (COMINT) sensors. The HADES program has been allocated USD 49.9 million for research and development in the fiscal year 2023.

Intelligence, Surveillance, and Reconnaissance Market: World Military Expenditure, Global (2018-21)

The Market is Expected to Experience the Highest Growth in Asia-Pacific

Currently, North America holds a major share of the market, as the United States is one of the leading countries in terms of defense platforms and spending. The country also spends heavily in order to foster collaboration between its naval, airborne, space, and land forces. The United States Coast Guard's Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance Systems Acquisition Program is a multi-year effort to design, develop, and integrate the equipment used on the Coast Guard's newest assets, including the national security cutter, offshore patrol cutter, long-range surveillance aircraft (HC-130J), and medium-range surveillance aircraft (HC-144A and C-27J). However, market dynamics are shifting toward Asia-Pacific. China and India are taking huge strides toward strengthening the capabilities of their armed forces, and they are among the top five countries, in terms of defense spending, in the world. Also, these countries have plans to enhance their unmanned aerial systems in the near future, which may propel the growth of the market in this region. In October 2022, during DefExpo 2022 in Gandhinagar, the Indian Army said that Indian defense systems would yield over INR 8 lakh crores in the next 7 years, with intelligence, surveillance, and reconnaissance expected to hold the major share. With the recent tensions between nations and missile tests done by North Korea in the region, countries like South Korea and Japan have also increased their surveillance capabilities. In December 2021, Korea Aerospace Industries (KAI) has been awarded a contract worth USD 675 million by the Defense Acquisition Program Administration of South Korea for developing and manufacturing four intelligence, surveillance, and reconnaissance (ISR) aircraft for the Republic of Korea Air Force (RoKAF).

Intelligence, Surveillance, and Reconnaissance Market - Growth by Region, (2022-27)

Intelligence Surveillance and Reconnaissance (ISR) Industry Overview

The intelligence, surveillance, and reconnaissance market is moderately consolidated. L3Harris Technologies Inc., Elbit Systems, BAE Systems PLC, and General Dynamics Corporation are some of the major players that dominate the market in terms of market share. In October 2022, L3Harris announced that it has partnered with Mag Aerospace to work on the United States Army's Theater Level High-Altitude Expeditionary Next-Gen ISR Radar Program (ATHENA-R). The ATHENA-R aircraft, a Bombardier Global Express 6500s converted with ISR mission capabilities, is designed for enhancing the United States Army ISR capabilites at higher altitudes. 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.

Intelligence Surveillance and Reconnaissance (ISR) Market Leaders

  1. L3Harris Technologies Inc.

  2. General Dynamics Corporation

  3. The Boeing Company

  4. Elbit Systems Ltd

  5. BAE Systems PLC

*Disclaimer: Major Players sorted in no particular order

Intelligence, Surveillance, and Reconnaissance Market Concentration
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Intelligence Surveillance and Reconnaissance (ISR) Market News

November 2022: Elbit Systems Ltd announced that it has been awarded a contract worth USD 72 million by an undisclosed international customer. The contract includes an order for the Hermes 900 Unmanned Aircraft System (UAS) equipped with the SkEye Wide Area Persistent Surveillance System, the SPECTRO XR multi-spectral electro-optical payload, satellite communication, signal intelligence (SIGINT) payloads, and additional capabilities.

October 2022: A new multi-orbit satellite communication system (SATCOM) was demonstrated. This is a collective project of General Atomics Aeronautical Systems Inc., SES, and Hughes Network Systems. The demonstration has been done using a GA-ASI-supplied SkyGuardian remotely piloted aircraft (RPA).

September 2022: General Atomics Aeronautical Systems Inc. (GA-ASI) announced the partnership with 114ai, an Indian artificial intelligence company, as part of its "Make in India" roadmap.

Intelligence Surveillance and Reconnaissance (ISR) Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Platform

      1. 5.1.1 Land

      2. 5.1.2 Air

      3. 5.1.3 Sea

      4. 5.1.4 Space

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Russia

        5. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Israel

        4. Rest of Middle East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 L3Harris Technologies Inc.

      2. 6.2.2 General Dynamics Corporation

      3. 6.2.3 The Boeing Company

      4. 6.2.4 Elbit Systems Ltd

      5. 6.2.5 BAE Systems PLC

      6. 6.2.6 ThalesRaytheonSystems

      7. 6.2.7 Rheinmetall AG

      8. 6.2.8 CACI International Inc.

      9. 6.2.9 Northrop Grumman Corporation

      10. 6.2.10 Kratos Defense & Security Solutions Inc.


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Intelligence Surveillance and Reconnaissance (ISR) Industry Segmentation

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 market is segmented by platform into air, land, sea, and space. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa, and the rest of the world. The report also covers the sizes and forecasts of the market in major countries across different regions. The market size and forecasts have been provided in value (USD million).

North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Intelligence Surveillance and Reconnaissance (ISR) Market Research FAQs

The Intelligence Surveillance Reconnaissance Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

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

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Intelligence Surveillance Reconnaissance Market.

The report covers the Intelligence Surveillance Reconnaissance Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Intelligence Surveillance Reconnaissance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Intelligence Surveillance and Reconnaissance Industry Report

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

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