Americas Intelligence Surveillance & Reconnaissance Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.80 % |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Americas Intelligence Surveillance & Reconnaissance Market Analysis
The American military aircraft simulation and training market is anticipated to register a CAGR of over 4.8% during the forecast period.
- The COVID-19 pandemic had a serious impact on the country's economy seriously. The US economy contracted by approximately 3.5% in 2020 due to the closing of various businesses. In 2021, the economy grew considerably compared to 2020, and it was expected to witness a moderate growth rate in 2022. Despite the impact of the pandemic, the country continued to increase its defense spending, with a focus on research and development and implementation of several long-term projects. As the defense sector is a sensitive department in perspective of the security of the nation, the United state is consistently increasing defense spending. Due to this, the market is expected to grow in the coming future.
- The American market is expected to grow moderately as the usage of ISR is increasing, and countries are adopting ISR technoloto secureing their borders.
- Rapid technological developments are breeding disruptive technologies in the defense industry. The increasing use of small unmanned systems for surveillance is further expected to generate demand for electronic components used in ISR missions.
Americas Intelligence Surveillance & Reconnaissance Market Trends
This section covers the major market trends shaping the Americas Intelligence Surveillance & Reconnaissance Market according to our research experts:
Air Segment will Show Growth in the Coming Year
By Platform, the Americas intelligence surveillance and reconnaissance market is segmented into land, air, sea, and space. The land segment had the largest market share in 2018-2019. The air segment, led by the increasing popularity of UAVs and communication systems, is expected to be one of the fastest-growing segments in the coming year and is likely to control almost one-third of the market.
The space segment is anticipated to attract significant attention and is likely to be the most-explored segment of this market. As seen in some new projects, the market is currently 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/countermeasures (ESM/ECM), airborne C3, and surveillance/maritime patrol aircraft is expected to increase steadily, owing to the surging need for total situational awareness, air superiority, and survivability.
Development of New Technologies to Enhance the Military ISR Capabilities in the Americas Region
Growing asymmetric threat environments globally are necessitating the need for more advanced ISR capabilities for militaries. There is a growing need to integrate different systems to work in tandem to create enterprise-like systems that provide a broader view of the entire ISR spectrum. The focus of many militaries has now shifted toward real-time intelligence gathering and enhanced situational awareness.
Companies are working toward incorporating advanced technologies in different modalities, like EO/IR systems, RADAR systems, and signals intelligence (SIGINT) systems, into the ISR payloads to obtain multi-mission data gathering capabilities every time and in all environments.
The US and NATO forces have fielded a massive theater ISR enterprise to support overseas contingency operations in the last two decades. These include a vast, diverse, and distributed force of platforms, sensors, personnel, and networks, with a goal of meeting the seemingly insatiable combatant command requirement for ISR. These countries are also focusing on enhancing their technological edge in terms of ISR capabilities over their adversaries.
Several militaries are working together with industry to enable open architectures in intelligence, surveillance, reconnaissance (ISR), radar, and electronic warfare systems. For instance, the US Air Force is shifting from legacy to open architecture infrastructure as its Distributed Common Ground System Enterprise undergoes open architecture modernization.
Due to the growing need for better ISR capabilities, investments are being poured into the R&D of new technologies in the ISR industry. This is currently aiding the market's growth.
Americas Intelligence Surveillance & Reconnaissance Industry Overview
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 in the competition.
L3Harris Technologies Inc., BAE Systems PLC, and General Dynamics Corporation are some of the major players that dominate the market in terms of market share. The ThalesRaytheonSystems joint venture has been making slow but steady progress, combining technologies to develop better ISR capabilities while penetrating deep into the market.
Americas Intelligence Surveillance & Reconnaissance Market Leaders
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L3Harris Technologies Inc.
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General Dynamics Corporation
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The Boeing Company
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Elbit Systems Ltd
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BAE Systems PLC
*Disclaimer: Major Players sorted in no particular order
Americas Intelligence Surveillance & Reconnaissance Market News
- October 2022: The US Army sought an unmanned aerial vehicle (UAV) capable of carrying advanced intelligence, surveillance, and reconnaissance (ISR) payloads at an altitude of more than 60,000 feet (18,000 meters).
- August 2022: The US Navy delivered an Airbus Defence & Space CN-235 to the Royal Malaysian Air Force via a program to build partnerships with allies.
Americas Intelligence Surveillance & Reconnaissance Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Platform
5.1.1 Land
5.1.2 Air
5.1.3 Sea
5.1.4 Space
5.2 By Region
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Latin America
5.2.2.1 Brazil
5.2.2.2 Argentina
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 L3Harris Technologies Inc.
6.2.2 General Dynamics Corporation
6.2.3 The Boeing Company
6.2.4 Elbit Systems Ltd
6.2.5 BAE Systems PLC
6.2.6 ThalesRaytheonSystems
6.2.7 Rheinmetall AG
6.2.8 CACI International Inc.
6.2.9 Northrop Grumman Corporation
6.2.10 Kratos Defense & Security Solutions Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Americas Intelligence Surveillance & Reconnaissance Industry Segmentation
The ISR is an integrated intelligence and operations function that can be defined as a coordinated acquisition, processing, and provision of accurate, relevant, and timely information and intelligence to support the defense force's decision-making process.
The Americas intelligence, surveillance, and reconnaissance market are segmented by platform and by region. By platform, the market is segmented into land, air, sea, and space. By region, the market is segmented into North America (United States and Canada) and Latin America (Brazil and Argentina).
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Americas Intelligence Surveillance & Reconnaissance Market Research FAQs
What is the current Americas Intelligence Surveillance and Reconnaissance Market size?
The Americas Intelligence Surveillance and Reconnaissance Market is projected to register a CAGR of greater than 4.80% during the forecast period (2024-2029)
Who are the key players in Americas Intelligence Surveillance and Reconnaissance Market?
L3Harris Technologies Inc., General Dynamics Corporation, The Boeing Company, Elbit Systems Ltd and BAE Systems PLC are the major companies operating in the Americas Intelligence Surveillance and Reconnaissance Market.
What years does this Americas Intelligence Surveillance and Reconnaissance Market cover?
The report covers the Americas Intelligence Surveillance and Reconnaissance Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Americas Intelligence Surveillance and Reconnaissance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Americas Intelligence Surveillance and Reconnaissance Industry Report
Statistics for the 2024 Americas Intelligence Surveillance and Reconnaissance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Americas 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.
