To get more information on Airborne Optronics Market - Request Free Sample Report
The Airborne Optronics Market Size was valued at USD 2.05 billion in 2023 and is expected to reach USD 5.96 billion by 2032 with a growing CAGR of 12.58% over the forecast period 2024-2032.
When aircraft fly at their maximum speed, they quickly pass through any harsh terrains, glaciers, lake bodies, and so on. The electronic system that analyses geography is under a complicated and fast-moving strain. These massive data streams must be stored, examined, and processed. The sensor must process more data as the aircraft goes faster. These processed data must be provided to the Pilots in order for them to be aware of the external situation. This will make them aware, and they will be able to act properly. Airborne Optronics encompasses the design and maintenance of sensors and systems for both manned and unmanned aircraft. Airborne Optronics is beneficial in the following areas: Striking the opponent precisely, Missile Detection and Environment Interpretation.
Because of the rapid development of new technology, the automobile sector is expected to undergo a few structural changes in the near future. Artificial intelligence and machine learning will dramatically improve robotic efficiency, accuracy, and consistency in the manufacturing process. Level 2 automation, which includes active safety systems and driver assistance, enables OEMs to offer appealing features while increasing revenue growth. However, the full-fledged deployment of level 4 autonomous vehicles is projected to be delayed further as the technology matures and people embrace it.
MARKET DYNAMICS
KEY DRIVERS
Modernizations
Enhancement of technology
Electro-optics systems
RESTRAINTS
Skilled labour
AI based technology enhancement
OPPORTUNITIES
Growing urban air mobility
CHALLENGES
Extreme weather conditions cause inefficiency
IMPACT OF COVID-19
COVID-19 is a global public health crisis that has damaged practically every firm, and the long-term consequences are projected to have an impact on industry growth during the forecast period. Our ongoing research broadens our research technique to encompass core COVID-19 concerns and next actions. The study sheds light on COVID-19 by taking into account changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of modern market forces, and significant government efforts. Based on the COVID-19 market effect, the updated study includes insights, analyses, estimations, and predictions.
The market is divided into Reconnaissance, Targeting, Search and Track, Surveillance, Warning/detection, and Others based on System. Surveillance has the largest market share among the divisions. This is due to an increase in the number of Small and Large UAVs utilized for ground assessment and information relay to the base. The videos are grabbed by the electro-optics and sent straight via GPS.
The market is divided into two categories based on technology: multispectral and hyperspectral. Multispectral has the largest market share of the two divisions. This is owing to its inexpensive cost, and it is the greatest fit for any Unmanned Aerial Vehicle.
The market is divided into three applications: commercial, military, and space. Commercial purposes account for the majority of market share. This is owing to the numerous applications other than traditional military surveillance and reconnaissance. Drones used for commercial purposes have the most utility in determining soil status, facility surveys, land surveys, and so on.
The unmanned aerial vehicles sector is expected to develop at the fastest CAGR for the airborne optronics market during the forecast period, based on aircraft type. UAVs, often known as drones, are widely used in a variety of military duties such as border surveillance. They are also used for mapping, surveying, and determining local meteorological conditions. Certain remotely piloted unmanned aerial vehicles are intended to serve as loitering weapons for defence forces. These UAVs are outfitted with high-resolution cameras, electro-optics, and infrared systems that allow them to conduct surveillance and pinpoint the location of a target. Once located, the UAV is directed toward the target in order to destroy it.
By Aircraft Type
Fixed Wing
Rotary Wing
By System
Reconnaissance t
Targeting
Search and track
Surveillance
Warning/detection
Others
By Technology
Multispectral
Hyperspectral
By Application
Commercial
Military
Space
REGIONAL ANALYSIS
North America is expected to be the largest market share of the Optronics aviation region at the time of forecasting. An important problem facing North America, which is leading the Optronics aviation market due to the rapid growth of the most developed optronics in the region. In North America, rising airline orders have encouraged airborne optronics manufacturers to increase their sales year after year. The growing demand for commercial aircraft and the presence of some of the leading players in the market, such as Northrop Grumman Corporation, FLIR System, Lockheed Martin, L3Harris Technologies, and Collins Aerospace., Is expected to boost the Optronics aviation market in North America. These players are focused on R&D to expand their product lines and utilize advanced systems, sub-systems, and other components of mobile optronics manufacturing.
Need any customization research on Airborne Optronics Market - Enquiry Now
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are FLIR System, L3Harris Technologies, Northrop Grumman Corporation, Thales Sa, Safran, Elbit Systems Ltd., Lockheed Martin Corporation, Leonardo Spa, Hensoldt Ag, Collins Aerospace and Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 2.05 Billion |
| Market Size by 2032 | US$ 5.96 Billion |
| CAGR | CAGR of 12.58% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles) • By System (Reconnaissance t, Targeting, Search and track, Surveillance, Warning/detection, Others) • By Technology (Multispectral, Hyperspectral) • By Application (Commercial, Military, Space) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | FLIR System, L3Harris Technologies, and Northrop Grumman Corporation, Thales Sa, Safran, Elbit Systems Ltd., Lockheed Martin Corporation, Leonardo Spa, Hensoldt Ag and Collins Aerospace. |
| DRIVERS | • Modernizations • Enhancement of technology • Electro-optics systems |
| RESTRAINTS | • Skilled labour • AI based technology enhancement |
The growth rate of the Airborne Optronics Market is 12.58% over the forecast period 2024-2032.
The market size of the Airborne Optronics Market is expected to reach USD 6.37 billion by 2030.
The key players of the Airborne Optronics Market are FLIR System, L3Harris Technologies, and Northrop Grumman Corporation, Thales Sa, Safran, Elbit Systems Ltd., Lockheed Martin Corporation, Leonardo Spa, Hensoldt Ag and Collins Aerospace.
The Covid-19 pandemic impacted the Airborne Optronics Market significantly. The detailed analysis is included in the final report.
North America region dominated the Airborne Optronics Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Airborne Optronics Market Segmentation, By Aircraft Type
8.1 Fixed Wing
8.2 Rotary Wing
8.3 Urban Air Mobility
8.4 Unmanned Aerial Vehicles
9. Airborne Optronics Market Segmentation, By System
9.1 Reconnaissance t
9.2 Targeting
9.3 Search and track
9.4 Surveillance
9.5 Warning/detection
9.6 Others
10. Airborne Optronics Market Segmentation, By Technology
10.1 Multispectral
10.2 Hyperspectral
11. Airborne Optronics Market Segmentation, By Application
11.1 Commercial
11.2 Military
11.3 Space
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 FLIR System
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Hensoldt Ag
13.3 Northrop Grumman Corporation
13.4 Elbit Systems Ltd.
13.5 L3Harris Technologies, Inc.
13.6 FLIR Systems Inc.
13.7 Thales SA Group
13.8 Leonardo Spa
13.9 Safran
13.10 Lockheed Martin Corporation
13.11 Collins Aerospace
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Drone Software Market Size was valued at USD 5.2 billion in 2022 and is expected to reach USD 20.60 billion by 2030 with a growing CAGR of 17.3% over the forecast period 2023-2030.
The Marine Interiors Market size was valued at USD 3.66 billion in 2023 and is expected to reach USD 8.37 billion by 2032 with a growing CAGR of 9.64% over the forecast period 2024-2032.
The Aircraft Nacelle and Thrust Reverser Market are expected to grow from USD 4.66 billion by 2023 to USD 7.49 billion by 2031, with a CAGR of 6.1% during the forecast period 2024-2031.
The Sonar System Market is estimated to be USD 6.21 billion in 2023 and is projected to reach USD 7.15 billion by 2031, at a CAGR of 1.7% from 2024 to 2031.
The Airport Passenger Screening System Market Size was valued at USD 2.2 billion in 2023 and is expected to reach USD 5.07 billion by 2032 with a growing CAGR of 9.66% over the forecast period 2024-2032.
The Space Propulsion Market was recorded at USD 9.76 billion in 2023 and is expected to surpass USD 27.8 billion by 2032, growing at a CAGR of 11.37% over the forecast period of 2024-2032
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
