Naval Intelligence Surveillance and Reconnaissance Market Size: Leading Players, Demands, Future Trends, Growth Factors, Strategy, Price and Gross Margin till 2028
According to the most recent report by Emergen Research, the size of the global naval Intelligence, Surveillance, and Reconnaissance (ISR) market is anticipated to reach USD 16.24 billion in 2028 and show a revenue CAGR of 2.6% over the projected period. The constant need to defend crucial offshore infrastructure, such as wind farms and oil & gas platforms and rigs, which requires suitable and upgraded protection, is what’s driving the expansion of the global naval intelligence, surveillance, and reconnaissance (ISR) market.Naval ISR technologies make it possible to monitor specific security zones for vital offshore infrastructure and to automatically send alerts whenever a ship, plane, or vessel enters the region that is not being monitored. The ISR system offers a complete traffic representation of the coastal environment next to offshore assets, vessel information, collision avoidance, as well as a remote monitoring facility.
Naval ISR devices are very useful for spotting dangerous weather conditions at sea that could endanger ships. Coastal surveillance radars routinely collect precise data on surface winds and use that data to enhance weather forecasting and warning systems that effectively support maritime activities. Naval surveillance systems also help in identifying oil spills that can contaminate seawater and endanger marine life. Rapid and accurate oil spill detection makes it possible to monitor, control, and clean up toxic compounds and vulnerable coastal areas more effectively.
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Some Key Highlights from the Report
Octo, a Virginia-based IT company in the United States, said in September 2021 that it had been awarded a prototype contract for the creation of open source software that would allow US Navy personnel to access and share ISR data. To fulfil afloat and onshore ISR requirements of Distributed Common Ground System-Navy programme, the business will construct a prototype of an Alliance data discovery and sharing platform.
The surface naval vessel ISR segment revenue is anticipated to expand at a quicker rate throughout the projected period among the vessel type segments. Naval surface combat systems and radars can be used for a variety of tasks, from battle operations to maritime security activities. The execution of maritime surveillance, security operations, command & combat, and support weapon systems are made possible by surface naval ISR mission systems. For littoral security, safety, ocean security, and point, local, and large area defence in fleets, surface ISR activities provide a full spectrum of domain-oriented solutions. ISR for surface naval vessels is frequently utilised in non-combatant command, control, and communications systems.
Coastal surveillance accounted for a disproportionately big revenue share among the application segments in 2020. For the coast guards to receive real-time information about activity in the coastal area, naval ISR systems for coastal surveillance are essential. The use of ISR systems for coastal surveillance gives the user entire control over a shoreline area by precisely tracking and identifying fast-moving, small targets that might enter a coastal area that is not being monitored. Monitoring coastal areas ensures total situational awareness from the beach, preventing unlawful activities and protecting the environment, vital infrastructures, and marine life.
In 2020, the North American naval ISR market generated the greatest revenue share, which can be ascribed to fleets’ quick adoption of cutting-edge technology, rising defence spending, and an increase in the frequency of asymmetric threats. Additionally, the continued support of market revenue growth is anticipated from the existence of key market players like BAE Systems PLC.
The following significant businesses are listed in the global market report: Northrop Grumman Corporation, Lockheed Martin Corporation, Thales Group, Atlas Elektronik GmbH, Leonardo DRS, Ultra Electronics Holdings, Harris Corporation, Raytheon Company, and Global Dynamics Corporation.
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
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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