According to the report by Expert Market Research (EMR), the Global Airborne Optronics Market Size reached a value of approximately USD 1.65 billion in 2022. Aided by the escalating demand for advanced surveillance and targeting systems, and the expanding applications of airborne optronics across various industries, the market is projected to further grow at a CAGR of 12.50% between 2023 and 2028 to reach a value of USD 3.35 billion by 2028.
Airborne optronics, incorporating optical, electro-optical, and optoelectronic technologies, are typically deployed in airborne platforms, such as aircraft and unmanned aerial vehicles (UAVs). These systems play a crucial role in surveillance, reconnaissance, and target acquisition, and are vital for maintaining security and tactical superiority in both civil and military sectors.
The increasing global demand for advanced surveillance and targeting systems is a significant driver of the airborne optronics market growth. With the rapid advancements in technology and a continuously evolving threat landscape, there has been a significant shift towards systems capable of providing superior situational awareness, high-precision targeting, and effective threat detection and mitigation. This shift has resulted in a surge in demand for advanced airborne optronics systems.
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Additionally, the rise of unmanned aerial vehicles (UAVs) has contributed substantially to the global airborne optronics market expansion. UAVs are increasingly employed for a wide range of applications, from military surveillance and target acquisition to environmental monitoring and disaster management, necessitating the incorporation of high-performance airborne optronics systems.
The expanding applications of airborne optronics in various sectors also play a significant role in fuelling the airborne optronics market demand. In the defence sector, airborne optronics are integral to modern warfare and intelligence operations, providing essential data for decision-making and strategic planning. In the civilian sector, they are increasingly used in tasks such as border patrol, search and rescue, and wildlife monitoring.
Further, the ongoing research and development activities in the field of optical technologies are expected to yield significant advancements in airborne optronics, enhancing their capabilities and expanding their applications. For instance, the development of hyperspectral imaging systems, which provide high-resolution spectral information for each pixel in an image, is expected to offer new opportunities for the airborne optronics market development.
Airborne Optronics Market Segmentation
The market can be divided based on system, technology, aircraft type, application, end use, and region.
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Market Breakup by System
- Reconnaissance Systems
- Targeting Systems
- Surveillance Systems
- Warning/Detection Systems
- Countermeasure Systems
- Navigation and Guidance Systems
- Special Mission Systems
Market Breakup by Technology
Market Breakup by Aircraft Type
- Rotary Wing
- Fixed Wing
- Urban Air Mobility
- Unmanned Aerial Vehicles
Market Breakup by Application
Market Breakup by End Use
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global airborne optronics companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Thales Group
- Elbit Systems Ltd.
- Northrop Grumman Corporation
- OSI Optoelectronics, Inc
- Safran S.A.
- Kappa optronics GmbH
- Hensoldt AG
- Raytheon Technologies Corporation
- Leonardo Spa
- Teledyne FLIR LLC
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