Analysts: Military UAV demand key to growth in global airborne ISR market over next several years
LONDON. The global airborne ISR [intelligence, surveillance, reconnaissance] market will rise at a compound annual growth rate CAGR of 4.67 percent during the period 2018-2022, according to a new study by Technavio, "Global Airborne ISR Market 2018-2022."
According to the analysts, one key driver in the airborne ISR market will be the continuing increased demand for unmanned aerial vehicles (UAVs) in military applications. These vehicles are skyrocketing in popularity for military applications, often because their small size, lower cost, and increased reliability are useful in military applications as opposed to manned ISR aircraft.
The report finds that an increased in security threats around the globe has increased the need for sophisticated and reliable ISR systems; in the realm of military applications, airborne ISR can maximize the users' information superiority and situational awareness not only on the battlefield but also in all contested domains.
The report also identifies some challenges in the airborne ISR market, including those complexities associated with unstructured data.