New York, United States, April 10, 2024 (GLOBE NEWSWIRE) -- The Global Airborne Surveillance Market Size to Grow from USD 6.8 Billion in 2023 to USD 9.2 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.07% during the forecast period.
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The market for airborne surveillance has grown significantly in recent years as a result of rising security concerns, border threats, territorial conflicts, and the requirement for real-time situational awareness. AI and data analytics are gradually being integrated into airborne surveillance systems to expedite data processing, enhance target recognition, and provide actionable intelligence in real-time. This integration enables quicker decision-making and more efficient use of surveillance resources. Some emerging trends in the airborne surveillance market include the development of swarming drones for collective surveillance, the use of satellite-based surveillance systems for wide-area coverage, and the integration of unmanned aerial vehicles into manned surveillance platforms already in place for enhanced capabilities.
Browse key industry insights spread across 200 pages with 120 Market data tables and figures & charts from the report on the "Global Airborne Surveillance Market Size By Component (Radars, Sensors, Imaging System, Others), By Technology (Unmanned System, Manned System), By Application (Commercial, Military & Government), By Region, And Segment Forecasts, By Geographic Scope And Forecast to 2033."
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Insights by Component
The radar segment accounted for the largest market share over the forecast period 2023 to 2033. Radars are essential for the long-range identification of targets, including vehicles, ships, aircraft, and other fascinating items. As security and defence agencies strive to improve their situational awareness and early warning capabilities, there is an increasing need for radar systems with longer detection ranges and higher sensitivity. Radar systems are sometimes paired with additional sensors, such as electro-optical/infrared (EO/IR) cameras, to give supplementary surveillance capabilities. Operators can enhance situational awareness and mission effectiveness by tracking targets with combined sensor suites by utilising EO/IR sensors for visual identification and radar for first detection. Armed forces, homeland security agencies, and border protection authorities use radar equipment for a range of surveillance and reconnaissance applications.
Insights by Technology
The unmanned systems segment accounted for the largest market share over the forecast period 2023 to 2033. UAVs are becoming more and more common for surveillance work due to their low cost, versatility, and ability to operate in places that manned aircraft might find too risky or impractical. Unmanned aerial vehicles, or UAVs, offer a flexible platform for performing a range of surveillance activities, including aerial reconnaissance, border patrol, infrastructure monitoring, and disaster assistance. Unmanned aerial vehicles (UAVs) enable operators to quickly launch surveillance flights in response to events or emerging threats because of their quick deployment capabilities. In addition to providing scalable surveillance solutions for border security, disaster response, and the protection of critical infrastructure, UAVs can be employed in swarms to cover large areas at once.
Insights by Platform
The military and government segment accounted for the largest market share over the forecast period 2023 to 2033. Many countries are funding defence modernization initiatives to increase their monitoring capabilities. Governments set aside enormous sums of money for the procurement of advanced airborne surveillance technology, such as drones, unmanned aerial vehicles (UAVs), sensors, and communication systems, in order to safeguard national security and enhance situational awareness. Cybersecurity and data protection are high priorities for military and government entities in order to safeguard sensitive data collected by airborne surveillance equipment. To prevent enemies from accessing, intercepting, and using surveillance data without authority, governments invest money in cybersecurity procedures, encryption technologies, and secure communication networks.
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Insights by Region
North America is anticipated to dominate the Airborne Surveillance Market from 2023 to 2033. Two of the largest defence spenders in the world, the United States and Canada, provide considerable resources for the development and purchase of airborne surveillance systems. These investments strengthen defences against evolving threats, enhance situational awareness, and help modernise the armed forces. In addition to defence and security, the demand for airborne surveillance systems is increasing due to commercial applications such environmental assessment, aerial photography, agricultural, and infrastructure monitoring. Businesses in North America are using drones and other aerial platforms equipped with advanced sensors to provide data-driven solutions to various industries.
Asia Pacific is witnessing the fastest market growth between 2023 to 2033. The Asia-Pacific region is defined by geopolitical tensions and a range of territorial conflicts, particularly in the South China Sea and the Korean Peninsula. Airborne surveillance systems are crucial for keeping an eye on marine activity, conducting reconnaissance, and preserving maritime security in contested areas. Many nations in the Asia-Pacific region face problems from terrorism, insurgency, and transnational crime. Aerial surveillance technology is used in law enforcement, border surveillance, and counterterrorism operations to detect and stop threats, secure borders, and protect critical infrastructure. Airborne surveillance systems are becoming more and more necessary for disaster management, environmental protection, and infrastructure monitoring in the Asia-Pacific region because to the region's fast urbanisation and economic growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major Players in the Global Airborne Sruveillance Market includes Raytheon, Lockheed Martin, Saab, BAE Systems, Safran, Thales, Leica Geosystems, Teledyne Technologies, Leonardo, FLIR Systems, Northrop Grumman, L-3 Wescam, and other key vendors.
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Recent Market Developments
- In March 2021, a USD 977,439 contract was given to TerraSense Analytics to develop the Multimodal Input Surveillance & Tracking (MIST) advanced airborne surveillance system through the Department of National Defense's Innovation for Defence Excellence and Security (IDEaS) programme.
Market Segmentation
This study forecasts revenue at global, regional, and country levels from 2023 to 2033.
Airborne Surveillance Market, Component Analysis
- Radars
- Sensors
- Imaging System
- Others
Airborne Surveillance Market, Technology Analysis
- Unmanned System
- Manned System
Airborne Surveillance Market, Application Analysis
- Commercial
- Military & Government
Airborne Surveillance Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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