Naval Intelligence Surveillance and Reconnaissance Market Applications, Technology, Types, Recent Trends, Future Growth

Market Size – USD 13.17 Billion in 2020, Market Growth – at a CAGR of 2.6%, Market Trends – Advancements in technology

The Naval Intelligence Surveillance and Reconnaissance Market report will provide readers, stakeholders, and companies with in-depth information about market size, revenue growth, and overall market dynamics in order to help them strengthen their position in the global Naval Intelligence Surveillance and Reconnaissance Market. It also contains detailed information on key factors, constraints, limitations, and challenges, as well as 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, 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.

Navy ISR devices are very useful for spotting dangerous weather conditions at sea that could endanger ships. Coastal surveillance radars routinely collect precise data on surface winds and use that data to enhance weather forecasting and warning systems that effectively support maritime activities. Naval surveillance systems also help in identifying oil spills that can contaminate seawater and endanger marine life. Rapid and accurate oil spill detection makes it possible to monitor, control, and clean up toxic compounds and vulnerable coastal areas more effectively.

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Competitive Terrain:

The global Naval Intelligence Surveillance Reconnaissance industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Leading Market Players 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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Some Key Highlights from the 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.

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Naval Intelligence Surveillance Reconnaissance market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Naval Intelligence Surveillance Reconnaissance market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Naval Intelligence Surveillance Reconnaissance market.

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Market Overview:

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.

Segments Covered in this report are:

  • 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
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Italy
      5. Spain
      6. Sweden
      7. BENELUX
      8. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Israel
      5. Rest of MEA

Regional Outlook:

  • North America (the U.S., Canada, Mexico)
  • Europe (the U.K., Germany, France, Italy)
  • Asia Pacific (India, China, Japan, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key reasons to buy the Global Naval Intelligence Surveillance Reconnaissance Market report:

  1. The latest report comprehensively studies the global Naval Intelligence Surveillance Reconnaissance market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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