Techno World Airborne-Surveillance-Market | Page 2

These drones are available at affordable price and thus creating an opportunity to
actively utilize these drones in commercial application. Increasing concern regarding
safety and security along with digitization and advanced technologies used in mapping
software and high resolution satellite imagery are prominent factors expected to
accelerate the growth opportunity of the commercial drones market, which are expected
to consequently fuel global airborne surveillance market growth. Drones are
experiencing active adoption by agriculture sector. LiDAR, geographic information
system (GIS) and high resolution satellite imagery system are highly being used in
agriculture sector for crop health monitoring, production of crop measurement, and
checking soil condition. Trimble Navigation Ltd. has a strong hold in the agriculture
drones market. This company provides Trimble UX5 HP high-precision mapping solution
in the agriculture drone market.
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.
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Airborne Surveillance Market: Competitive Background
Major players operating in the global airborne surveillance market include BAE Systems,
Boeing, Lockheed Martin Corporation, Raytheon Company, Flir Systems, Israel Aerospace
Industries Ltd., L-3 Wescam, Leica Geosystems AG, Leonardo, Northrop