Emergen Research has published a novel research report titled, “Global Naval Intelligence Surveillance and Reconnaissance Market Forecast to 2028”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Naval Intelligence Surveillance and Reconnaissance market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation. The global naval Intelligence, Surveillance, and Reconnaissance (ISR) market size is expected to reach USD 16.24 Billion in 2028 and register a revenue CAGR of 2.6% over the forecast period. Steady global naval Intelligence, Surveillance, and Reconnaissance (ISR) market revenue growth can be attributed to increasing necessity to safeguard critical offshore infrastructure, such as wind farms and oil & gas platforms and rigs that need appropriate and enhanced protection. Naval ISR solutions enable monitoring of special security zones for critical offshore infrastructure and deliver automatic alerts in case a vessel/ship or aircraft enters the under-surveillance area.
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The global Naval Intelligence Surveillance and Reconnaissance market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Naval Intelligence Surveillance and Reconnaissance market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Naval Intelligence Surveillance and Reconnaissance market.
Based on Type, the Naval Intelligence Surveillance and Reconnaissance Market is segmented into:
- Surface Naval Vessel ISR
- Underwater Naval Vessel ISR
Based on Application, the Naval Intelligence Surveillance and Reconnaissance Market is segmented into:
- Search & Rescue Operation
- Critical Infrastructure Protection
- Coastal Surveillance
- Maritime Monitoring
- Tactical Support
- Disaster Relief
- Others
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Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
- BAE Systems PLC
- Lockheed Martin Corporation
- Thales Group
- Atlas Elektronik GmbH
- Leonardo DRS
- Ultra Electronics Holdings
- Harris Corporation
- Raytheon Company
- General Dynamics Corporation
- Northrop Grumman Corporation.
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Benefits of Buying the Global Naval Intelligence Surveillance and Reconnaissance Report:
- The company will develop an Alliance data discovery and sharing platform prototype to support afloat and ashore ISR necessities of Distributed Common Ground System–Navy program.
- Among the vessel type segments, the surface naval vessel ISR segment revenue is expected to register faster growth rate over the forecast period. Naval surface combat systems and radars cater to a wide range of requirements, ranging from maritime security operations to battle operations.
- Surface naval ISR mission systems enable carrying out of maritime surveillance, security operations, and command & combat functions, as well as support weapon systems. In navies, surface ISR activities deliver a comprehensive range of domain-oriented solutions for littoral security, safety, ocean security, and point, local & wide area defense. Surface naval vessel ISR is widely used in command, control, and communications system for applications that are non-combatant.
- Among the application segments, the coastal surveillance segment accounted for a significantly large revenue share in 2020. Naval ISR systems for coastal surveillance are crucial to provide real-time information related to coastal area activities to coast guards. Using ISR systems for coastal surveillance delivers complete control over a shoreline area by providing precise tracking and identification of high-speed, small targets that may intrude an under-surveillance coastal zone.
- Surveillance of coastal areas ensures complete shore-based situational awareness, hence avoiding illegal occurrences while safeguarding marine lives, critical infrastructures, and environment.
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Naval Intelligence Surveillance and Reconnaissance Market
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