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Intelligence Surveillance Reconnaissance (ISR) Market Share

Report ID: GMI7569
Published Date: Dec 2024
Report Format: PDF

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Intelligence Surveillance Reconnaissance Market Share

The ISR market includes major defense companies such as BAE Systems, Northrop Grumman, Lockheed Martin, and Thales. These companies compete based on their technological capabilities, ability to integrate systems, and their established relationships with defense organizations worldwide. Companies invest heavily in research and development to create advanced solutions like space-based ISR systems, drones, and sensors. As defense organizations increasingly seek customized ISR solutions for their specific operational needs, companies are expanding their global presence and improving their product offerings to maintain their competitive position.

Intelligence Surveillance Reconnaissance Market Companies

Major players operating in the intelligence surveillance reconnaissance (ISR) industry are:

BAE Systems
Boeing
Elbit Systems
General Atomics
General Dynamics
Israel Aerospace Industries
Kratos Defense
L3Harris
Lockheed Martin
Northrop Grumman
Raytheon Technologies
Rheinmetall
Saab
Textron
Thales

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for intelligence surveillance reconnaissance was valued at approximately USD 42 billion in 2024 and is expected to reach around USD 71.2 billion by 2034, driven by a CAGR of 5.6% during the forecast period, supported by advancements in space-based ISR satellites and data processing systems.

The hardware segment held over 57% of the market share in 2024 and is anticipated to grow significantly by 2034, driven by innovations in sensor systems such as high-resolution cameras, thermal imaging, and LiDAR technologies.

The North America market is projected to surpass USD 26.5 billion by 2034, driven by the U.S. defense sector's modernization initiatives and the increasing adoption of unmanned aerial systems for ISR missions.

Major players in the industry include BAE Systems, Boeing, Elbit Systems, General Atomics, General Dynamics, Israel Aerospace Industries, Kratos Defense, L3Harris, Lockheed Martin, Northrop Grumman, Raytheon Technologies, Rheinmetall, and Saab.