The global demand for Airborne Optronics Market is presumed to reach the market size of nearly USD 14.41 BN by 2030 from USD 4.89 BN in 2022 with a CAGR of 14.46% under the study period 2023 - 2030.
Airborne optronic equipment is used by armed forces and security professionals for defense, evaluation, accurate measurement, identification, and surveillance purposes. Such optronic equipment is used on platforms, such as satellites, submarines, aircraft, armored vehicles, etc. Airborne electro-optical sensors allow battlefield intelligence and highly effective surveillance, providing detailed aerial photo analysis that makes it possible to see targets, troop movements, and infrastructure, even in adverse weather.
Market Dynamics
The rising demand to expand commercial and military aircraft fleets, technological advancements in aircraft and flight management systems in the aerospace industry, and the growing use of electro-optics technologies in combat aircraft and uncrewed vehicles are the major factors influencing market revenue growth. The market for airborne optronics will experience robust growth due to the advent of novel, technologically modern, and autonomous alternative modes of transportation and urban air mobility platforms. Furthermore, the increasing use of UAVs in the defense sector to provide battlefield intelligence will further flourish the market growth for airborne optronics. In addition, the growing need to secure the nation's internal security will further drive market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of airborne optronics. The growth and trends of airborne optronics industry provide a holistic approach to this study.
Market Segmentation
This section of the airborne optronics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By System
- Reconnaissance System
- Targeting System
- Search And Track System
- Surveillance System
- Warning/Detection System
- Countermeasure System
- Navigation And Guidance System
- Special Mission System
By Technology
- Multispectral
- Hyperspectral
By Application
- Commercial
- Military
- Space
By Aircraft Type
- Fixed Wing
- Rotary Wing
- Urban Air Mobility
- Unmanned Aerial Vehicles
By End Use
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Airborne Optronics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Airborne Optronics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the airborne optronics market include Northrop Grumman, Thales Group, Safran S.A., Teledyne FLIR LLC, Elbit Systems Ltd., Lockheed Martin Corporation, Leonardo S.p.A., L3Harris Technologies, Inc., Hensoldt AG, Collins Aerospace. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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