Unmanned Airborne Surveillance System Market - Massive Growth Ahead
The unmanned airborne surveillance system market refers to the sector within the aerospace and defense industry that deals with the development, production, and deployment of unmanned aerial vehicles (UAVs) or drones for surveillance and reconnaissance purposes. These systems are equipped with various sensors, cameras, and other advanced technologies to gather and transmit real-time intelligence, surveillance, and reconnaissance (ISR) data over a wide area.
Some of the key players profiled in the study are General Atomics (United States), Northrop Grumman Corporation (United States), Lockheed Martin Corporation (United States), Boeing (United States), AeroVironment (United States), Textron Inc. (United States), Elbit Systems (Israel), Thales Group (France), Saab AB ( Sweden), Leonardo S.p.A. (Italy).
According to HTF Market Intelligence, the Global Unmanned Airborne Surveillance System market to witness a CAGR of 9.2% during forecast period of 2024-2030. Global Unmanned Airborne Surveillance System Market Breakdown by Application (Military and Defense, Civil and Commercial) by Size (Short-range reconnaissance, Medium-sized UASS, Large UASS) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 6.82 Billion.
Market Drivers:
- Growing concerns about national security, border protection, and public safety
- Increasing cost efficiency of UASS compared to manned surveillance aircraft
Market Opportunities:
- Increasing applications in fields such as agriculture, infrastructure inspection, and disaster management
- Regulatory advancements and technological developments enabling BVLOS operations
Market Restraints:
- Stringent regulations regarding airspace access, privacy concerns, and safety regulations
- Vulnerability to cyberattacks
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