Global Airborne Surveillance Market Report and Forecast 2024-2032

Global Airborne Surveillance Market Outlook

The global airborne surveillance market stood at a value of around USD 5.22 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.30% to reach USD 7.65 billion by 2032.

Increasing Demand for Unmanned Surveillance Systems to Aid the Global Airborne Surveillance Industry

The unmanned system segment based on product type accounts for a significant share in the airborne surveillance industry. This can be attributed to the growing adoption of UAVs in various industries owing to the various advantages offered by the same, such as a safer and secure environment, affordability, quality imaging and live streaming, easy controllability, and easy maintenance, among others. The growing investment by manufacturers to develop improved UAVs to fulfil their increasing demand is likely to be a major factor driving the market in the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

North America Accounts for a Significant Share of the Airborne Surveillance Industry

The airborne surveillance industry in North America is driven by the presence of technologically advanced infrastructure in the region, coupled with the strong foothold of many aerial vehicle manufacturers in the United States, such as Boeing, BAE Systems, and Raytheon, among others. The growing military expenditure by the government in the US is expected to further aid the market. Moreover, the rising investment towards the development of drone technology in the region is likely to provide lucrative opportunities to the market in the forecast period.

Airborne Surveillance: Market Segmentation

Airborne surveillance is defined as a technique used to monitor activities and happenings in the surroundings. This process is carried out using high-tech aircraft or unmanned aerial vehicles (UAVs). In other words, it is a process of procuring information in a particular area or territory using aerial technology.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on type, the market can be segmented into:

• LiDAR
• Radar
• Imaging System

On the basis of product type, the market has been bifurcated into:

• Manned Systems
  • Helicopter
  • Aircraft
• Unmanned System
  • UAV/UAS
  • Balloons/Aerostats

The industry is segmented based on applications into:

• Military, Defence, and Security
  • ISR and Targeting
  • Search and Rescue (SAR)
  • Law Enforcement
  • Border Surveillance
• Commercial
  • Engineering, Surveying, and Mapping
  • Inspection and Monitoring
  • Agriculture and Forestry
  • Exploration
  • Insurance
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Demand for Airborne Surveillance in the Military and Defence Sector to Boost the Growth of the Airborne Surveillance Industry

The rising demand for airborne surveillance in the military and defence industry for various purposes such as to carry out search and rescue operations, provide assistance to the commando forces, bolster law enforcement, and enhance border security is driving the market growth. Additionally, the rising cross-border terrorism and geopolitical tensions are likely to garner the market’s growth. Moreover, the growing adoption of commercial drones in the engineering, surveying, and mapping applications, owing to the rising urbanisation and infrastructure development, is expected to further augment the market in the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Industry Players in the Global Airborne Surveillance Market

The report gives a detailed analysis of the following key players in the global airborne surveillance market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• BAE Systems Plc
• Israel Aerospace Industries (IAI)
• Thales Group
• Saab Group
• BIRD Aerosystems
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report