Airborne Surveillance Market Estimated To Witness a Phenomenal Growth by 2025
Airborne surveillance system aims to provide early airborne unusual activities warning. It consists of antenna, airborne data processor, and integrated navigation system, which are featured to provide high accuracy navigation system. These are responsible for tracking and scanning of required target. They receive signal from transmitting radar, analyze the signal and transmit the signal to the receiving radar and provide navigation of the target.
Major driving factor for the growth of global airborne surveillance market is increasing adoption of unmanned aerial vehicles (UAV) in commercial sector, which has applications in agriculture, government agencies, and other major industries. For instance, according to the Federal Aviation Administration (FAA), around 7 million drones are expected to ship to the U.S. by 2020, which includes sales of around 2.7 million commercial drone by 2020 from 600 thousands in 2016. These drones are available at affordable price and thus creating an opportunity to actively utilize these drones in commercial application. Increasing concern regarding safety and security along with digitization and advanced technologies used in mapping software and high resolution satellite imagery are prominent factors expected to accelerate the growth opportunity of the commercial drones market, which are expected to consequently fuel global airborne surveillance market growth. Drones are experiencing active adoption by agriculture sector. LiDAR, geographic information system (GIS) and high resolution satellite imagery system are highly being used in agriculture sector for crop health monitoring, production of crop measurement, and checking soil condition. Trimble Navigation Ltd. has a strong hold in the agriculture drones market. This company provides Trimble UX5 HP high-precision mapping solution in the agriculture drone market.
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However high cost of LiDAR is one of the key factor restraining growth of the global airborne surveillance market during the forecast period.
Airborne Surveillance Market: Regional Insights
The global airborne surveillance market has been segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for North America is expected to account for largest share in the global airborne surveillance market. The U.S. is the prominent source for the regional market growth due to the presence of key players including Boeing, BAE Systems and Raytheon. High defense funding, increased focus on minimal troop casualties, minimum financial loss, and increased focus on the development of advanced airborne systems are key factors to have a positive impact in the U.S. market, which in turn is expected to fuel regional market growth. In July 2017, the U.S. Navy sent out proposals to four defense contractors to the General Atomics, Boeing, Lockheed Martin, and Northrop Grumman for modulated reconnaissance requirement while enhancing the proposed unmanned aircraft’s aerial tanking duties. UCAVs with long-ranged striking capabilities are incorporated with Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) systems into airborne platforms, which are capable of deploying precision-guided munitions, bombs, and missiles. These factors are expected to drive the growth of the market over the forecast period.
Airborne Surveillance Market: Competitive Background
Major players operating in the global airborne surveillance market include BAE Systems, Boeing, Lockheed Martin Corporation, Raytheon Company, Flir Systems, Israel Aerospace Industries Ltd., L-3 Wescam, Leica Geosystems AG, Leonardo, Northrop Grumman Corporation, and Saab AB.
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