AIRBORNE SURVEILLANCE MARKET ANALYSIS

Regional Analysis

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.