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.
Naval Intelligence Surveillance Reconnaissance market that offers key insights about the regional and global scope of the Naval Intelligence Surveillance Reconnaissance market. It offers key details about the recent product launches, technological advancements, supply and demand ratio, and regulatory framework. The report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2021-2028. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.
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. Additionally, naval surveillance systems aid in detecting oil spills that may pollute sea water and pose a threat to marine life. Prompt and precise detection of oil spills enables more effective monitoring, managing, and cleaning up of harmful substances, and in protecting sensitive coastal areas.
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The report also discusses the key players involved in the market such as 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. as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Naval Intelligence Surveillance Reconnaissance market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also offers a country wise analysis to impart better understanding of the global Naval Intelligence Surveillance Reconnaissance market with regards to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities, and presence of key players in the region.
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Some Key Highlights From the Report
In September 2021, Octo, which is an IT firm based in Virginia, U.S., made an announcement about receiving a prototyping contract for development of an open source software to enable personnel in the US Navy to access and exchange ISR data.
The company will develop an Alliance data discovery and sharing platform prototype to support afloat and ashore ISR necessities of Distributed Common Ground System–Navy program.
Among the vessel type segments, the surface naval vessel ISR segment revenue is expected to register faster growth rate over the forecast period. Naval surface combat systems and radars cater to a wide range of requirements, ranging from maritime security operations to battle operations. Surface naval ISR mission systems enable carrying out of maritime surveillance, security operations, and command & combat functions, as well as support weapon systems.
In navies, surface ISR activities deliver a comprehensive range of domain-oriented solutions for littoral security, safety, ocean security, and point, local & wide area defense. Surface naval vessel ISR is widely used in command, control, and communications system for applications that are non-combatant.
The report further segments the global Naval Intelligence Surveillance Reconnaissance market on the basis of product types and applications and provides insights into key factors influencing the revenue growth of the segments.
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
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The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
Regional Outlook (Revenue, USD Billion; 2018–2028)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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