DUBLIN--(BUSINESS WIRE)--The "Airborne Surveillance Market by Type (LiDAR, Radar, Imaging System), Product Type (Manned, Unmanned), Application (Military, Defense & Security, Commercial (Surveying & Mapping, Inspection, & Monitoring)), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The airborne surveillance market is expected to be valued at USD 4.42 Billion in 2017 and is expected to reach USD 5.81 Billion by 2023, at a CAGR of 4.7% during the forecast period.
Rapid technological advancements, Internet of Things (IoT), amendments in laws, the growing demand for UAVs in commercial application, and the availability of low-cost UAVs are some of the driving factors for the airborne surveillance market, while air traffic management poses a challenge for this market.
Major reason behind the growth of unmanned systems is because of its lower cost, rapid technological advancements, and relaxation in regulations in different countries. This has given rise to the use of UAVs in the commercial sector. Increased funding from various investors and players motivate the companies to manufacture innovative solutions for the UAV industry, creating various opportunities in the market.
Relaxation in laws is one of the major driving factors for the growth of commercial application. In recent years, many amendments in laws and regulations for drone usage have been observed, which have motivated end-users to increase the use of drones. For instance, the flight altitude of drones has been increased from 100 feet to 400 feet, and the flight speed has been modified from 80 mph to 100 mph by FAA (US); the Government of Canada has made major amendments in the existing laws such as increasing the weight of drones from 250 g to 1 kg.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Airborne Surveillance Market, By Type
7 Airborne Surveillance Market, By Product Type
8 Airborne Surveillance Market, By Application
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Bae Systems
- Flir Systems
- Israel Aerospace Industries (IAI)
- L-3 Wescam
- Leica Geosystems AG
- Lockheed Martin
- Northrop Grumman
- Start-Up Ecosystem
- Teledyne Technologies
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