Low Costs and Flexible Solutions for ad hoc Requirements have Enabled Rapid Market Expansion in Recent Times
Traditionally, the intelligence, surveillance, and reconnaissance (ISR) market was confined to the defence industry; today, due to the easy availability of technology and the growing number of requirements, the need for ISR assets has expanded across various civil industries. Moreover, due to rising training and maintenance costs and emerging capability gaps that must be addressed immediately, companies have adopted the new ISR as a service (ISRaaS) business model.
In this study, the global ISRaaS market is broken down into 2 technology domains (manned and unmanned systems) and 5 market segments (defence, public services, supranational organisations, oil and gas and energy, and first responders). The research service also examines market growth drivers and restraints and business models (platform/payload leasing, operator/piloting services, and turnkey services). The study period runs from 2020 to 2029 and the base year is 2020. Market trends such as the development of regulations and policies to accommodate UAS usage and the increasing investment in the acquisition of disruptive start-up UAS companies are analysed. The impact analysis of drivers and restraints is also discussed, and market segments are studied thoroughly.
The research service concludes with a discussion of growth opportunities, including leasing agreements and the provision of low-cost and flexible solutions for ad hoc requirements, and market participants can leverage these to further establish themselves in this space.
