Naval Intelligence, Surveillance, and Reconnaissance (ISR) Market Forecasts to 2028 – Global Analysis By Product Type (Surface Naval Vessels ISR, Underwater Naval Vessels ISR), Type (Intelligence, Surveillance) and By Geography
According to Stratistics MRC, the Global Naval Intelligence, Surveillance, and Reconnaissance (ISR) Market is accounted for $13.11 billion in 2020 and is expected to reach $19.07 billion by 2028 growing at a CAGR of 4.8% during the forecast period. The rising production of submarines and the development of acoustic sensors are the major factors propelling the market growth. However, the highest capital cost is hampering the market growth.
The principal function of the intelligence, surveillance, and reconnaissance (ISR) component of command, communications, intelligence, surveillance, and reconnaissance (C4ISR) is to find, fix, and track both friendly and hostile forces, as well as to assess damage to hostile targets in an area of interest. In addition to sensing, the function includes the tasking of sensors and the interpretation, integration, and exploitation of sensed information.
Based on the product type, the surface naval vessels ISR segment is estimated to dominate the market due to the extensive utilization of surface vessels for a wide range of applications from the detection of enemy targets to surface self-defense, air defense, and surveillance of the respective water space.
By geography, North America is going to have a lucrative growth during the forecast period due to the rising demand for unmanned aerial vehicles (UAVs). Furthermore, various technological innovations, such as stealth ISR aircraft, wireless sensors, EnRoute command, and control, have positively influenced the growth of the market.
Some of the key players profiled in the Naval Intelligence, Surveillance, and Reconnaissance (ISR) Market include Atlas Elektronik GmbH, BAE Systems PLC, Boeing, CACI, Elbit Systems, General Dynamics Corporation, Harris Corporation, Kratos Defense & Security Solutions, L3Harris Technologies, Leonardo DRS, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Rheinmetall Defense, Thales Group, and Ultra Electronics.
Product Types Covered:
• Surface Naval Vessels ISR
• Underwater Naval Vessels ISR
• On the Sea
• Under the Sea
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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