SOURCE: MarketResearch.com

MarketResearch.com

October 18, 2010 10:08 ET

Spending on Airborne ISR Reached $17.7 Billion in 2009

ROCKVILLE, MD--(Marketwire - October 18, 2010) -  MarketResearch.com has announced the addition of Visiongain's new report "The Global Airborne ISR Market 2009-2019" to their collection of Defense market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2768585

Airborne intelligence, surveillance and reconnaissance (ISR) is key to military operations and armed forces worldwide have placed great emphasis on this capability. This new Visiongain defense report examines recent trends and forecasts future possibilities in this steadily growing and critically important defense sector. As such, countries are expected to continue making airborne ISR a priority. Based on Visiongain's research, global spending on airborne ISR amounted to about $17.7 billion in 2009.

The airborne ISR market is a highly diverse and active market, comprised of both highly valuable manned platforms and increasingly popular and numerous unmanned systems. In recent years, airborne ISR has become much more expansive as the sector now encompasses a vast range of systems from hand-launched to jet-powered UAVs, twin-turboprop aircraft to large airliner-based AEW&C and AWACS systems, and even aerostats and airships. These airborne assets are typically equipped with radar or electro-optical sensors, or both. Airborne ISR also spans the whole range of roles that include the detection, tracking and targeting of aircraft and missiles in the air, areas and targets on the ground, and vessels and smaller craft in the sea.

The US spends the most in airborne ISR as it is a vital part of its military operations in current conflicts, as well as in the development of systems that will provide new capabilities in future. Major European powers like the UK, France and Germany remain key markets despite frozen or reduced defense budgets. Countries in the Asia-Pacific region such as India, Japan, China and Australia have also shown keen interest in enhancing their airborne ISR capabilities and are expected to spend substantially on systems that will make this possible.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2768585

Contact Information