Global Airborne Optronics
Market Report
2024
Airborne Optronics Market size will be USD 1.3 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 11.6% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Airborne Optronics Market size will be USD 1.3 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 11.6 % from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Airborne Optronics Market Sales Revenue 2024 | $ 1.3 Billion |
Global Airborne Optronics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.6% |
Market Split by System |
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Market Split by Technology |
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Market Split by Application |
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Market Split by Aircraft Type |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Airborne Optronics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Airborne optics is a technique that combines optical and electronic devices to improve aerial surveillance, navigation, and targeting. It is a critical component of military helicopters, airplanes, satellites, and drones, enabling sophisticated functions such as surveillance, reconnaissance, target acquisition, aerial imaging, and navigation. It uses a combination of electronics and optics to create systems that use light, imaging sensors, and other electro-optical devices for a variety of purposes. It is critical for boosting situational awareness, intelligence collection, and operational effectiveness in both military and commercial applications. However, the airborne optronics industry has expanded significantly in recent years, driven by increased demand for advanced situational awareness, intelligence, surveillance, and reconnaissance (ISR) capabilities in both military and commercial applications. This technology includes a wide range of electro-optical and infrared (EO/IR) systems, laser systems, and related technologies that are integrated into a variety of aerospace platforms, such as airplanes, unmanned aerial vehicles (UAVs), and satellites. Furthermore, the requirement for upgrades and maintenance services for existing optronics systems is generating a significant growth in demand for aftermarket solutions, according to the airborne optronics market estimate.
Growing Demand for Expanding Commercial and Military Aircraft Fleets — The constantly expanding demand to increase commercial and military aircraft fleets is likely to drive future growth in the airborne optronics market. An aircraft fleet is a group or collection of aircraft belonging to a certain organization or country. Countries are expanding their aircraft fleets to counter threats from neighboring countries. Airborne optronics are conceived and developed to manage and support airborne sensors and systems on manned and unmanned aircraft in commercial and military fleets. For instance, according to Ch Aviation, a Swiss airline data supplier, the worldwide aircraft fleet increased by 13% compared to 2021. Also, as of January 2022, there are 28,289 aircraft, with 22,799 operating and 5,490 grounded. North America and Oceania had the largest aircraft fleets, with 86% and 85% active, respectively. Technological Developments
High initial investment Regulatory Restrictions
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In April 2021, Safran Electronics & Defence inked an agreement with Dassault Aviation to deliver two aircraft with new generation Euroflir 410 optronic equipment as part of the French navy's maritime surveillance and intervention aircraft modernization program.
Top Companies Market Share in Airborne Optronics Industry: (In no particular order of Rank)
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According to Cognitive Market Research, the North American region is expected to dominate the Airborne optronics market during the forecast period due to the rapid development of technologically superior optronics systems, increased investment in defense and aerospace R&D, and an increase in aircraft orders and deliveries. Furthermore, the strong presence of key manufacturers and the increasing usage of airborne optronics in the United States are likely to contribute to revenue growth in the region.
Asia Pacific market revenue is expected to grow at a quick CAGR during the forecast period, owing to rising demand for airborne optronics in the defense sector from APAC countries such as India and China, technological advancements, and expanding defense and military budgets in the region.
The current report Scope analyzes Airborne Optronics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Airborne Optronics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Airborne Optronics Industry growth. Airborne Optronics market has been segmented with the help of its System, Technology Application, and others. Airborne Optronics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Airborne Optronics market.
System of Airborne Optronics analyzed in this report are as follows:
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According to Cognitive Market Research, the multispectral segment is predicted to have a strong revenue CAGR over the projection period. This is due to its increased capacity to detect and track military targets employing mid-wave and long-wave infrared. Multispectral imaging also measures radiation that is particular to an object and does not require an external light source, allowing for the detection of explosives and enemy movements at night and determining the depth of underground bunkers.
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Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
Anjali is a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis in aerospace and defence category. She thrive on the challenges of data exploration and analysis.Her goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
In her current role, Anjali manages research for aerospace and defence category, leading pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. She possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams.She played a key role in shaping successful business strategies grounded in robust research.She dedicated to staying at the forefront of research methodologies and industry advancements. Anjali remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Airborne Optronics Market is witnessing significant growth in the near future.
In 2023, the Reconnaissance system segment accounted for noticeable share of global Airborne Optronics Market and is projected to experience significant growth in the near future.
The Multispectral segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Safran , Collins Aerospace and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The market for airborne optronics is fueled by a variety of elements from the commercial, military, and technological spheres. The necessity for target acquisition, surveillance, and reconnaissance drives demand in the military. Applications in forestry, agriculture, and environmental monitoring are what drive growth commercially.
Disclaimer:
System | Reconnaissance system, Targeting system, Search and track system, Surveillance system, Warning/detection system, Countermeasure system, Navigation and guidance system, Special mission system |
Technology | Multispectral, Hyperspectral |
Application | Commercial, Military, Space |
Aircraft Type | Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles |
End Use | OEM, Aftermarket |
List of Competitors | Safran, L3Harris Technologies Inc., Collins Aerospace, Northrop Grumman Corporation., Thales, Leonardo S.P.A., FLIR Systems Inc., Hensoldt AG, Lockheed Martin Corporation., ELBIT SYSTEMS LTD. |
This chapter will help you gain GLOBAL Market Analysis of Airborne Optronics. Further deep in this chapter, you will be able to review Global Airborne Optronics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation System Analysis 2019 -2031, will provide market size split by System. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by System Analysis 2019 -2031
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Chapter 11 Market Split by Technology Analysis 2019 -2031
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Chapter 12 Market Split by Application Analysis 2019 -2031
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Chapter 13 Market Split by Aircraft Type Analysis 2019 -2031
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Chapter 14 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Airborne Optronics market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Reconnaissance system have a significant impact on Airborne Optronics market? |
What are the key factors affecting the Reconnaissance system and Targeting system of Airborne Optronics Market? |
What is the CAGR/Growth Rate of Multispectral during the forecast period? |
By type, which segment accounted for largest share of the global Airborne Optronics Market? |
Which region is expected to dominate the global Airborne Optronics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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