Airborne Surveillance Market is forecast to witness a promising growth over the upcoming years, owing to their growing application for monitoring activities and behavior in the surrounding.

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Key Drivers

Increasing application of Airborne Surveillance systems in the military, defense, and security applications as it offers an early warning data about maritime and ground surveillance activities, stands to be one of the major factors fueling the airborne surveillance market. The augmenting application of unmanned aerial vehicles in commercial industries, strategic government policies and regulations as well as accelerating penetration of internet of things technology in unmanned aerial vehicles are some major factors bolstering the market growth. For example, as per the Federal Aviation Administration (FAA), nearly 7 million drones are projected to be shipped to U.S. by 2020, which includes sales of nearly 2.7 million commercial drone by 2020 from 600 thousands in 2016.  In addition, the ongoing technological innovations which include introduction of new batteries for unmanned aerial vehicles will support the market growth. The strong emphasis of companies on developing and producing advanced products and radar technologies to improve airborne, maritime and land surveillance is forecast to offer enormous opportunities to the market. Moreover, increasing industrialization and automation across the manufacturing industry has reduced the production cost of drones, making drones available in abundance at a low price, which is boosting the market growth. Growing concerns pertaining safety, increasing digitization and adoption of advanced technologies used in mapping software have expedited the growth of commercial drones’ market, driving the market growth.

This research report on global airborne surveillance market provides in-depth analysis of the global airborne surveillance market based on type, product type, application and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for airborne surveillance market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.

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Type Segment Analysis

Radar Segment is expected to lead the market over the upcoming years, because of the growing adoption of radar systems across security and defense and military applications. The growing use of radars in the Military Airborne Surveillance Systems is driving the market growth. Sensor segment is predicted to witness a faster CAGR owing to a significant increase in the adoption of LiDAR sensors in commercial drones. Furthermore, the increasing investment attributed to the development of advanced radars, sensors, and cameras is expected to aid the market growth. For instance, in December 2020, General Atomics Aeronautical Systems (GA-ASI) was offered a contract of USD 93.3 million by the U.S. Department of Defense (DOD) to develop advanced UAV sensors

Product Type Segment Analysis

Unmanned Systems segment is expected to witness a higher CAGR over the upcoming years, because of the growing deployment of UAVs in Military Applications and commercial applications like agricultural investigation and terrain mapping. Moreover, the incorporation of UAVs with the LiDAR technology makes them suitable for surveying, mining, and agricultural industries, driving the market growth. For example, in January 2021, the Indian Army entered into a contract with IdeaForge for the procurement of SWITCH unmanned air vehicles worth USD 20 million. The SWITCH UAV is designed in a way that it can be used at high elevations and unfavorable environments for surveillance missions.

Application Segment Analysis

Military, Defense, and Security application is expected to witness a larger share, because of the robust demand for ISR. Moreover, the emerging need for border security and safety by nations including the U.S., China, and India, will bolster the segment’s growth. Increasing cases of cross-border conflicts and geopolitical issues has encouraged governments of various countries to improve surveillance capabilities of military defense and security, which will offer enormous opportunities to the market. For example, in August 2020, the Indian Government entered into an agreement for the procurement of two Phalcon airborne warning and control systems (AWACS) worth USD 1 billion for the Indian Air Force from Israel. This agreement is intended to strengthen surveillance in high-altitude eastern Ladakh.

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Regional Analysis

North American is expected to lead the market over the forecast period owing to the strong presence of leading players like Northrop Grumman Corporation, Lockheed Martin Corporation, L3 Harris Technologies Inc. The huge defense budget in the US has bolstered the demand for airborne surveillance systems from the defense sector, driving the market growth. Factors such as growing focus on minimal troop casualties and the development of advanced airborne systems are fueling the regional growth. For example, In July 2017, the U.S. Navy sent proposals to four defense contractors to the General Atomics, Boeing, Lockheed Martin, and Northrop Grumman for the modulated reconnaissance need while improving proposed unmanned aircraft’s aerial tanking duties. The ongoing technological advancements will further augment the market growth.

Asia Pacific is projected to witness a significant growth over the forecast period, because of the growing awareness of the benefits offered by UAV. Moreover, the increasing demand for aerial investigation from the military and defense sectors of China and India is expected to drive the market in the region.

The report also profiles the major companies active in this field, including Lockheed Martin , BAE Systems, Airbus, Boeing, Raytheon , Flir Systems , Israel Aerospace Industries (IAI), L-3 Wescam , Northrop Grumman , Safran

KEY DEVELOPMENTS:

• • In 2021 – TerraSense Analytics entered into a contract worth USD 977,439 offered by the Department of National Defence’s Innovation for Defence Excellence and Security (IDEaS) program with an intent to develop Multimodal Input Surveillance & Tracking (MIST) advanced airborne surveillance system.
  • In 2021 – HENSOLDT, a leading sensor manufacturing company, was approved in the Factory Acceptance Test of its new airborne multi-mission surveillance radar PrecISR.
    January 2021 – Saab Ab was awarded a five-year follow on a contract worth USD 1.018 billion to deliver two GlobalEye systems to the United Arab Emirates

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Key questions this research would answer:

• • Is the airborne surveillance market growing? How long will it continue to grow and at what rate?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the airborne surveillance market?

The global airborne surveillance market is segmented on the basis of type, product type, application and geography:

• Global Airborne Surveillance Market by Type
• • LiDAR
  • Radar
  • Imaging System
• Global Airborne Surveillance Market by Product Type
• • Manned
  • Unmanned System

• Global Airborne Surveillance Market by Application
• • Military, Defense and Security
  • Commercial

Global Airborne Surveillance Market by Region

• North America Airborne Surveillance Market (Option 1: As a part of the free 25% customization)
  • By Type
  • By Product Type
  • By Application
  • US Market All-Up
  • Canada Market All-Up
• Europe Airborne Surveillance Market (Option 2: As a part of the free 25% customization)
  • By Type
  • By Product Type
  • By Application
  • UK Market All-Up
  • Germany Market All-Up
  • France Market All-Up
  • Spain Market All-Up
  • Rest of Europe Market All-Up
• Asia-Pacific Airborne Surveillance Market (Option 3: As a part of the free 25% customization)
  • By Type
  • By Product Type
  • By Application
  • China Market All-Up
  • India Market All-Up
  • Japan Market All-Up
  • Rest of APAC Market All-Up
• RoW Airborne Surveillance Market (Option 4: As a part of the free 25% customization)
  • By Type
  • By Product Type
  • By Application
  • Brazil Market All-Up
  • South Africa Market All-Up
  • Saudi Arabia Market All-Up
  • UAE Market All-Up
  • Rest of world (remaining countries of the LAMEA region) Market All-Up

• Global Airborne Surveillance Market Competitive Landscape
  • Major Players and their Market Share Analysis
  • New product launches
  • Mergers and acquisitions
  • Collaborations, partnerships, agreements and joint ventures