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Airborne Surveillance Market Size

  • Report ID: GMI10866
  • Published Date: Aug 2024
  • Report Format: PDF

Airborne surveillance market size

Airborne Surveillance Market size was valued at USD 6.2 billion in 2023 and is expected to grow at a CAGR of over 6% between 2024 and 2032. Technological advancements in surveillance systems are a significant growth driver for the market. Innovations, such as high-definition imaging, infrared sensors, and advanced radar systems, have enhanced the capabilities of airborne surveillance platforms. These technologies enable better detection, tracking, and identification of objects, which are crucial for military, law enforcement, and commercial applications. The integration of Artificial Intelligence (AI) and Machine Learning (ML) further augments these systems, allowing for real-time data analysis and decision-making, thereby improving operational efficiency & effectiveness.

 

The rising demand for border & maritime security is another key driver. Nations are increasingly focusing on securing their borders against illegal activities such as smuggling, human trafficking, and unauthorized entry. Airborne surveillance platforms, including drones and manned aircraft equipped with sophisticated surveillance equipment, are being deployed to monitor vast border areas and maritime regions. This enhanced focus on national security and the prevention of cross-border threats is propelling the demand for airborne surveillance solutions.
 

For instance, in November 2023, Bombardier Defense announced that the company delivered its seventh global eye airborne surveillance solutions for SAAB. This airborne surveillance platform features various models that are equipped with the latest sensors suitable for air, land, and sea surveillance purposes.
 

One of the significant pitfalls in the airborne surveillance market is the high cost of acquisition and maintenance. Advanced surveillance systems, including aircraft and UAVs, are expensive to procure and require substantial investments in infrastructure, training, and maintenance. The operational costs associated with these systems, such as fuel, repairs, and upgrades, can be prohibitive for many organizations, particularly in the public sector and smaller enterprises. This financial burden can limit the adoption and deployment of airborne surveillance solutions.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of airborne surveillance reached USD 6.2 billion in 2023 and is set to grow at over 6% CAGR between 2024 and 2032, led by technological advancements in surveillance systems.

The manned airborne surveillance system segment will register a revenue of over 6 billion by 2032, due to their ability to carry heavier payloads, longer endurance, and the presence of human decision-makers on board.

North America market accounted for a share of over 35% in 2023, due to its advanced defense infrastructure.

Lockheed Martin Corporation, Northrop Grumman Corporation, L3Harris Technologies Inc, Raytheon Technologies Corporation, Boeing among others.

Airborne Surveillance Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 218
  • Countries covered: 21
  • Pages: 210
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