A pioneering market report unveiled at the DSEI event in London predicts a remarkable $32.3 billion in opportunities within the Armed Overwatch/ISR sector over the next five years. This revelation comes amid rising global tensions, a significant shift in warfare paradigms, and increased defense spending driven by factors such as the conflict in Ukraine.
Paramount, the global aerospace and defence company unveiled the comprehensive market report on the armed overwatch/ISR sector during DSEI in London.
Armed Overwatch and ISR (Intelligence, Surveillance, and Reconnaissance) platforms have become pivotal in modern warfare due to the drawdown of military inventories, accelerated procurement, and a growing demand for readiness.
Steve Griessel, Paramount’s Group CEO, emphasized the importance of adaptable and globally applicable defense solutions. Paramount’s Mwari aircraft exemplifies this by offering portable and indigenous production solutions that meet the needs of many nations.
Steve Griessel, group CEO of Paramount, commented: ‘The armed overwatch/ISR market report reaffirms our belief that effective defence solutions must be globally applicable yet locally adaptable. As an embodiment of this understanding, our Mwari aircraft offers portable and indigenous production solutions that many nations are now prioritising.
‘Our presence at DSEI speaks volumes about Paramount’s strategic direction as we continue our evolution into a technology-driven OEM. This report underscores the need for equipment like our Mwari aircraft, which is a testament to our commitment towards collaborative innovation and global partnership.’
Cost-Effective Solutions: Armed Overwatch platforms offer cost-effective measures against violent extremism, essential ISR capabilities, and close air support. They are known for their reliability and ability to operate in challenging environments, making them increasingly attractive to global users.
Deployment Considerations: Operators must choose between vertical collaboration or organic force integration, crewed or uncrewed platforms, and how to implement the F3EAD force concept (Find, Fix, Finish, Exploit, Analyze, and Disseminate) effectively.
Market Share: While Armed Overwatch/ISR platforms constitute 6.78% of the global air capability spending of over $476 billion, they provide significant business opportunities due to limited options in this niche market.
The Global Armed Overwatch/ISR Aircraft market is estimated to provide $32.3 billion of opportunities in the next five years. With uncrewed systems constituting the majority of future purchases, a minimum of 2374 platforms are expected to be bought between 2023 and 2027.
Uncrewed Systems: The majority of future purchases are expected to be uncrewed systems, with an estimated 2374 platforms projected to be bought between 2023 and 2027.
Shift in Procurement: Changing threat perceptions mean that traditional 4th and 5th-generation fighters have limited roles in counter-insurgency operations. This shift is leading to increased procurement of low-cost, close air-support platforms.
Established/combat-proven platforms will likely remain the preferred choice to close capability gaps in the medium term. In contrast, long-term requirements and bigger scale programmes attract global primes and their national partners into major development projects.
Regional Preferences: Middle East and African nations are more likely to opt for crewed systems due to their operation environments. Technology transfer offers a competitive edge, especially in developing nations.
Global Demand: Countries like Canada, India, Japan, Pakistan, and South Korea are anticipated to have robust requirements for such platforms.
Spotlight on Paramount’s Mwari:
Paramount’s Mwari aircraft is a game-changing asset in the Armed Overwatch/ISR domain. It’s a two-crew C4ISR and precision strike platform known for its adaptability due to an open system architecture. This enables swift integration of new systems and ensures mission flexibility.
Steve Griessel noted, “The Mwari aircraft redefines Armed Overwatch and ISR capabilities. Its portability and indigenous production potential allow for an unprecedented strategic alignment with nations, giving them not just a product but a sustainable security solution.”
Designed for hybrid ISR and close air support with a mission-configurable payload system, the Mwari excels in remote and austere missions, requiring minimal logistical support. It embodies the F3EAD capability, tailored to modern threats and Air Force needs.