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Intelligence Surveillance Reconnaissance (ISR) Market Trends

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

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Intelligence Surveillance Reconnaissance Market Trends

The Intelligence, Surveillance, and Reconnaissance (ISR) market is seeing higher demand for autonomous and unmanned systems, driven by advances in drone technology and artificial intelligence analytics. Defense organizations now focus on operations that work together across land, sea, air, space, and cyber domains. More companies are using satellite-based ISR systems and real-time data integration tools to improve their global awareness and connectivity. The market continues to grow as businesses use ISR technology to monitor infrastructure and manage environmental projects. These changes show how ISR solutions are becoming more efficient and adaptable across different industries. For instance, in October 2023, the Drone Service Alliance (DSA) launched its aerial intelligence, surveillance, and reconnaissance (ISR) solutions for growing markets. The solutions help strengthen security at sea and land borders, protect vital natural resources, and provide support to major organizations, especially in Commonwealth member states.

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.