Global Naval Intelligence Surveillance and Reconnaissance Market Forecast to 2028
Emergen Research’s latest market research report focuses on the global Naval Intelligence Surveillance and Reconnaissance market, and the report provides in-depth analysis of each of its major segments. Reports about the global Naval Intelligence Surveillance and Reconnaissance market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios Naval Intelligence Surveillance and Reconnaissance industry projections and qualitative and quantitative assessments have been provided by the report's authors. The SWOT analysis and Porter’s Five Forces Analysis are some of the most important components of this report that provide insight into the highly competitive environment of the industry.
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, according to latest analysis by Emergen Research. 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. ISR system provides comprehensive traffic representation of coastal situation adjoining offshore assets, information pertaining to vessels, and collision avoidance, as well as remote monitoring facility.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Naval Intelligence Surveillance Reconnaissance market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Naval Intelligence Surveillance Reconnaissance market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Naval Intelligence Surveillance Reconnaissance market.
Some Key Highlights of the Naval Intelligence Surveillance Reconnaissance Market Report:
- In September 2021, Octo, which is an IT firm based in Virginia, U.S., made an announcement about receiving a prototyping contract for development of an open source software to enable personnel in the US Navy to access and exchange ISR data. 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.
- North America naval ISR market accounted for largest revenue share in 2020, attributed to rapid adoption of advanced technologies in navies, increasing defense expenditure, and increasing incidence of asymmetric threats. In addition, presence of leading market players such as BAE Systems PLC is expected to continue to support market revenue growth.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
BAE Systems PLC, Lockheed Martin Corporation, Thales Group, Atlas Elektronik GmbH, Leonardo DRS, Ultra Electronics Holdings, Harris Corporation, Raytheon Company, General Dynamics Corporation, and Northrop Grumman Corporation
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The report bifurcates the Naval Intelligence Surveillance Reconnaissance market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Naval Intelligence Surveillance Reconnaissance Market Segmentation:
Vessel Type Outlook (Revenue, USD Billion; 2018–2028)
- Surface Naval Vessel ISR
- Underwater Naval Vessel ISR
Application Outlook (Revenue, USD Billion; 2018–2028)
- Search Rescue Operation
- Critical Infrastructure Protection
- Coastal Surveillance
- Maritime Monitoring
- Tactical Support
- Disaster Relief
- Others
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
- North America
Regional Segmentation;
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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