Press Release: April 16, 2020
The global airborne surveillance market has observed a significant growth in recent years. The increased of usage of unmanned aerial vehicles in commercial applications, favourable government policies and regulations as well as growing penetration of internet of things technology in unmanned aerial vehicles are the key factors propelling the growth of airborne surveillance market. In addition, the rapid technological advancements such as new batteries for unmanned aerial vehicles will further help the airborne surveillance market to grow at a substantial rate during the forecast period.
The radar systems segment is expected to dominate the airborne surveillance market during the forecast period. This growth is attributed to the major factor which is the rising adoption rate of radar systems for military, security and defence applications. On the basis of product type, unmanned system segment is expected to grow at the highest rate during the forecast period. The increased usage of unmanned system for both military and commercial applications is the key factor which is fuelling the growth of airborne surveillance market.
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North America is expected to dominate the airborne surveillance market during the forecast period. The major factors propelling the growth of the market in the region is the presence of key players such as Boeing, Lockheed Martin, BAE Systems, among others as well as the increased defence expenditure of major economies such as United States. In addition, favourable policies and regulations pertaining to the usage of unmanned aerial vehicles will further propel the growth of airborne surveillance market in the region.
This research report on global airborne surveillance market provides in-depth analysis of the global airborne surveillance market based on type, product type, application and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for airborne surveillance market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field, including Lockheed Martin , BAE Systems, Airbus, Boeing, Raytheon , Flir Systems , Israel Aerospace Industries (IAI), L-3 Wescam , Northrop Grumman , Safran
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Key questions this research would answer:
• Is the airborne surveillance market growing? How long will it continue to grow and at what rate?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
• What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the airborne surveillance market?
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