Home > Aerospace & Defense > Aviation Technology > Intelligence Surveillance Reconnaissance (ISR) Market
Intelligence Surveillance Reconnaissance (ISR) Market Size
- Report ID: GMI7569
- Published Date: Dec 2023
- Report Format: PDF
Intelligence Surveillance Reconnaissance Market Size
Intelligence Surveillance Reconnaissance Market was valued at USD 40.2 billion in 2022 and is anticipated to register a CAGR of over 6% between 2023 and 2032. The rapid integration of advanced technologies is expanding the industry size. Innovations, such as Artificial Intelligence (AI), unmanned systems, and sophisticated sensors, enhance ISR capabilities. This enables more efficient & accurate data collection, analysis, and strategic decision-making, driving the market expansion. For instance, in October 2023, Drone Service Alliance (DSA) launched aerial ISR solutions tailored for the emerging markets and their national interests. This initiative involves deploying drones equipped with advanced technologies to provide effective & strategic data collection, analysis, and surveillance capabilities, meeting the specific needs of nations in the evolving global landscape.
The growing security concerns for military personnel globally drive the expansion of the intelligence surveillance reconnaissance market. Heightened threats necessitate advanced technologies for enhanced situational awareness, threat detection, and protection of soldiers. For instance, in February 2023, Garuda Aerospace introduced, a solar-powered unmanned reconnaissance aerial J-Glider. Tailored for surveillance operations, operates at high altitudes, delivering real-time intelligence to command centers and enhancing ground troop protection. With its solar-powered design, it represents an innovative & sustainable solution for ISR missions, addressing critical needs in military and security operations.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Intelligence Surveillance Reconnaissance Market Size in 2022: | USD 40.2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6% |
| 2032 Value Projection: | USD 74 Billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 259 |
| Segments covered: | Platform, component, and application |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
The intelligence surveillance reconnaissance industry faces challenges due to the high costs of advanced technologies. Developing and deploying cutting-edge ISR systems including sophisticated sensors and unmanned platforms involves substantial investments. The high cost poses a barrier for some entities, hindering the adoption and creating a challenge for the industry in providing state-of-the-art solutions to a broader user range.
Frequently Asked Questions (FAQ) :
Intelligence Surveillance Reconnaissance Market Scope
