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The marker of airborne surveillance has been rapidly developing in response to its growing application for checking actions and performance in the surrounding. As per a report by Fortune Business Insights™, the market for airborne surveillance is set to reach USD 7.70 billion by 2028 at a CAGR of 6.14% during the forecast period. The surveillance is maintained by airborne automobiles such as helicopters, airborne early warning & control (AEW&C) aircraft, and unmanned aerial vehicles (UAVs). Rapid improvements in airborne surveillance hardware such as high-resolution imagery, micro aerial vehicles (MAVs), and forward-looking infrared (FLIR) proficient in recognizing items at a very elongated range are the major contributing factors driving the market growth.
The spread of the COVID-19 virus crippled the global economy. Most countries implanted strict lockdowns to control the spread of the virus. However, few individuals did not follow restrictions. This directed law and enforcement experts to develop a drone surveillance solution. The outbreak of the COVID-19 pandemic has strictly affected industries. While the COVID-19 pandemic spreads, regulatory bodies all over the world are in the compulsion to impose strict lockdown and travel bans. Moreover, this has drastically affected the market share.
Fortune Business Insights™ Presents Top Airborne Surveillance Companies in the Market:
Lockheed Martin Corporation is an aerospace and security corporation. The company designs develops, and manufactures radar systems for airborne surveillance. Phoenix Eye AN/APY-12 radar provides intelligence, surveillance, and reconnaissance provision.
L3Harris Technologies Inc. is a superior airborne intelligence, surveillance, reconnaissance resolutions supplier. The firm’s Military Airborne Surveillance System (MASS) is an integrated communication and surveillance system planned for military operators.
In November 2020, L3Harris Technologies Inc. was granted a contract to combine ISR, missionization, and modification solutions for three King Air 350ER aircraft for the Canadian manned airborne intelligence, surveillance, and reconnaissance (CMAISR) project.
Northrop Grumman Corporation is an aerospace and defense technology firm. It improves radar and antenna systems for intelligence, reconnaissance, and surveillance applications. The firm also improves surveillance aircraft for the U.S. Department of Defense.
In 2019, Northrop Grumman Corporation was presented a bond worth USD 3.2 billion by the U.S. Navy to deliver 24 E-2D Advanced Hawkeyes to develop advanced early warning and surveillance capability of the U.S. Navy.
Teledyne FLIR LLC concentrates on evolving and developing technologies that augment surveillance and situational responsiveness. FLIR manufactures thermal imaging and night-vision technology for military, domestic security, and numerous industrial applications. The corporation delivers various product selections containing the UltraFORCE 350-HD, Star SAFIRE 380-HDc, FLIR 380X Upgrade, and FLIR Star SAFIRE III.
In January 2021, Teledyne and FLIR Systems reached a definitive contract under which Teledyne acquired FLIR valued at approximately USD 8.0 billion.
The Reutech Radar System designs and produces high-precision radars for airborne, ground, and maritime surveillance applications. The RSR 320 dual-band radar is rapid deployment and high mobility system that provides extreme surveillance and target engagement efficiency.
In July 2020, Reutech Radar Systems signed a contract with DJI to deliver an enterprise range of industrial goods to improve South African defense and security.
Thales Group designs, develops, and produces airborne sensors and systems for unmanned and manned aircraft surveillance and reconnaissance applications. The company has established an intelligent surveillance system called AVNI that bids excellent imaging performance and reduces operator load.
Saab AB is a prominent player in improving aerial surveillance aircraft. The corporation’s product portfolio contains Global Eye AEW&C aircraft, Saab 2000 Erieye AEW&C, and PS-05/A Fighter Radar.
In January 2021, Saab AB was awarded an agreement worth USD 1.018 billion by the United Arab Emirates to deal with two GlobalEye systems.
Cobham PLC conducts and supports airborne surveillance events for militaries and governments for national security, environment protection, emergency response operations, and law enforcement.
In November 2020, Cobham PLC was awarded a bond to offer airborne surveillance processes for Australia’s national security, law enforcement, environmental protection, and border protection.
Leica Geosystems is a leading airborne sensor manufacturer for photogrammetric, surveillance, and mapping applications. The company offers a wide range of products and services such as Bathymetric LiDAR Sensors, Topographic LiDAR Sensors, and Imaging Sensors. The Leica CityMapper-2 is a hybrid oblique imaging and airborne LiDAR sensor industrialized for airborne urban mapping and surveillance.
The demand for UAVs in commercial applications is one of the major factors driving the growth of airborne surveillance companies. Improvements in laws to increase UAVs and drones and the Internet of Things accelerate the market growth. Additionally, rising digitalization, urbanization, safety regulations, and speedy technological advancements certainly affect the market. Furthermore, the consumption of improved batteries to increase the flying time of UAVs creates lucrative prospects to the market players in the coming years.
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