Airborne Optronics Market Forecast to 2032
The report, Global Airborne Optronics Market Research Report and Forecast to 2032, provides a detailed analysis of the global Airborne Optronics Market, including market size, market share, current and future trends, and the most recent technological breakthroughs. The research provides information on the regional and global competitive landscape of the Airborne Optronics Market, along with a complete prognosis through 2032. The impact of the COVID-19 epidemic on the market for Airborne Optronics has been updated in the most recent research. It examines the impact of the epidemic on each region's political and economic systems. It presents a present and projected view of the pandemic's effects on supply chain disruptions and economic volatility.The global airborne optronics market size reached USD 1.74 Billion in 2021 and is expected to register a revenue CAGR of 12.4% during the forecast period, according to the latest analysis by Emergen Research. The growing adoption of electro-optics in unmanned vehicles is the key factor driving market revenue growth.
Electro-optics are used in a variety of unmanned vehicle applications, including navigation, surveillance, and mapping. These systems can provide a high level of accuracy and precision, making them well-suited for a wide range of tasks. In recent years, unmanned vehicle manufacturers have been incorporating a variety of electro-optical and radar sensors to provide deployed military forces with unprecedented capabilities for reconnaissance and surveillance. This creates a high demand for airborne optronics, which are systems such as cameras, LIDAR, and radar used for navigation, surveillance, and other mission-critical functions. As unmanned vehicle usage increases, the demand for these types of systems also increases. For this new generation of sensor payloads in connected unmanned vehicles, key enabling technologies include infrared sensors, visible-light cameras, multispectral sensors, and hyperspectral sensors.
The rising demand for electro-optical in unmanned vehicles prompted manufacturers to introduce advanced technologies in the market. In August 2021, for instance, CACI International introduced a compact multi-sensor imaging system that generates imagery for intelligence, surveillance, and reconnaissance operations using both electro-optical and long-wave infrared technology. The CM62 Micro Gimbal weighs 260 grams and is designed to support Intelligence, Surveillance, and Reconnaissance (ISR) missions of small unmanned aerial systems. According to the company, incorporating lightweight, gyroscopically stabilized, and multi-sensor imaging systems onto existing platforms can ensure
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The global Airborne Optronics market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Airborne Optronics industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Thales, Northrop Grumman, Safran, Elbit Systems Ltd, Leonardo S.p.A, Collins Aerospace, Hensoldt Inc., Lockheed Martin Corporation, L3Harris Technologies, Inc., and Excelitas Technologies Corp
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Some Key Highlights from the Report
- The navigation guidance systems segment is expected to register a steady revenue growth rate over the forecast period due to the growing demand for this system in aircraft owing to its precision, accuracy, and reliability in aircraft navigation. Navigation and guidance systems are used to determine the position, velocity, and attitude of an aircraft, and they are critical for safe and efficient flight operations. These systems include inertial navigation systems, Global Positioning Systems (GPS), and other types of navigation equipment. The increasing demand for precision agriculture, Unmanned Aerial Vehicles (UAVs), and other airborne applications is driving revenue growth of the segment.
- The military segment is expected to account for a significant revenue share over the forecast period. The demand for airborne optronics in military applications is driven by the need for advanced imaging, sensing, and navigation systems that can improve the performance and capabilities of military aircraft and UAVs. Airborne optronics systems, such as cameras, LIDAR, radar, and infrared sensors, are used for a wide range of military missions, including reconnaissance, surveillance, target acquisition, and navigation. These systems can provide high-resolution imaging, long-range sensing, and precise navigation capabilities, which are essential for military operations.
- Market in Asia Pacific is expected to register a significantly fast revenue growth rate during the forecast period due to the rising development in the aviation industry in the region, especially in China, Japan, and India. As of the end of 2020, China's civilian aircraft fleet has grown to 6,795. The Chinese government has been focusing on the domestic market to revive its civil aviation industry, which has led to an increase in domestic flight routes to 4,686 in 2020.
Market Overview:
The report bifurcates the Airborne Optronics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Technology Outlook (Revenue, USD Billion; 2019-2032)
- Multispectral
- Hyperspectral
- System Outlook (Revenue, USD Billion; 2019-2032)
- Reconnaissance Systems
- Targeting Systems
- Warning/Detection Systems
- Search Track Systems
- Surveillance Systems
- Navigation Guidance Systems
- Special Mission Systems
- Countermeasure Systems
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Commercial
- Space
- Military
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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