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