The global naval Intelligence, Surveillance, and Reconnaissance (ISR) market size is expected to reach USD 16.24 Billion in 2028 and register a revenue CAGR of 2.6% over the forecast period, according to latest analysis by Emergen Research. Steady global naval Intelligence, Surveillance, and Reconnaissance (ISR) market revenue growth can be attributed to increasing necessity to safeguard critical offshore infrastructure, such as wind farms and oil & gas platforms and rigs that need appropriate and enhanced protection. Naval ISR solutions enable monitoring of special security zones for critical offshore infrastructure and deliver automatic alerts in case a vessel/ship or aircraft enters the under-surveillance area. ISR system provides comprehensive traffic representation of coastal situation adjoining offshore assets, information pertaining to vessels, and collision avoidance, as well as remote monitoring facility.
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Naval ISR systems are of significant benefit in detecting adverse weather condition at seas, which may present serious peril to vessels. Surveillance radars in coastal areas frequently gather accurate information associated with surface winds and deploy gathered insights to improve weather forecasting and warning systems to deliver effective support to maritime operations.
The Global Naval Intelligence Surveillance and Reconnaissance Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Naval Intelligence Surveillance and Reconnaissance Market studies the market scenario to offer growth projections for the Naval Intelligence Surveillance and Reconnaissance industry for the forecast period of 2021-2028.
Key players in the market include BAE Systems PLC, Lockheed Martin Corporation, Thales Group, Atlas Elektronik GmbH, Leonardo DRS, Ultra Electronics Holdings, Harris Corporation, Raytheon Company, General Dynamics Corporation, and Northrop Grumman Corporation.
The global Naval Intelligence Surveillance and Reconnaissance market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Naval Intelligence Surveillance and Reconnaissance market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Naval Intelligence Surveillance and Reconnaissance market.
Emergen Research has segmented the global naval ISR market on the basis of vessel type, application, and region:
Vessel Type Outlook (Revenue, USD Billion; 2018–2028)
Surface Naval Vessel ISR
Underwater Naval Vessel ISR
Application Outlook (Revenue, USD Billion; 2018–2028)
Search & Rescue Operation
Critical Infrastructure Protection
Coastal Surveillance
Maritime Monitoring
Tactical Support
Disaster Relief
Others
Naval Intelligence Surveillance and Reconnaissance Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Objectives of the Report:
Study of the global Naval Intelligence Surveillance and Reconnaissance market size by key regions, types, and applications with reference to historical data (2018-2019) and forecast (2021-2028)
Industrial structure analysis of the Naval Intelligence Surveillance and Reconnaissance market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Naval Intelligence Surveillance and Reconnaissance market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Naval Intelligence Surveillance and Reconnaissance market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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