Airborne ISR Market is Expected to Grow at a CAGR of 4% by 2021

PUNE, India, 2017-Jun-29 — /EPR Network/ —

Market Synopsis of Airborne ISR Market:

The global Airborne ISR market is expected to grow at a CAGR of around 4% during 2016-2021. This growth is driven due to growing demand of unmanned aerial vehicle, investments on ISR payloads, and procurement of multirole UAV remote sensors.

The need for UAV remote sensors emerged from the changes in military security missions, such as, shift to Net-centric warfare (NCW), increasing Low intensity conflicts (LIC), need for persistence, and reduced tolerance to casualties.

The Americas is the dominant player with 55% of the market share and is likely to be the leading region in the forecast period. Whereas, with the growing defense spending and procurement of airborne systems, APAC region will grow significantly at a CAGR of around 9% during the forecast period.

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Key Players of Airborne ISR Market:

• BAE Systems
• L-3 Communication
• Lockheed Martin
• Northrop Grumman
• UTC Aerospace Systems
• Boeing
• General Dynamics
• Raytheon
• Rockwell Collins
• Thales

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