The most current market research report from Emergen Research, which focuses on the global Airborne Optronics Market, provides in-depth analysis of each of the market's major segments. The research on the global Airborne Optronics Market include information on market size, revenue growth rate, industry data, revenue splits by regional markets, gross margins, production costs, and product portfolios. The report also highlights a number of other micro- and macroeconomic factors, including the most important drivers, opportunities, trends, difficulties, supply and demand ratios, production and consumption patterns, stringent regulatory frameworks, and a wide range of other factors.
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. Growing adoption of electro-optics in unmanned vehicles is the key factor driving market revenue growth.
Applications for unmanned vehicles that use electro-optics include mapping, surveillance, and navigation. These systems can deliver a high degree of precision and accuracy, making them suitable for a variety of activities. Manufacturers of unmanned vehicles have been integrating different electro-optical and radar sensors in recent years to give deployed military forces previously unheard-of capabilities for reconnaissance and surveillance. Airborne optronics—systems like cameras, LIDAR, and radar—that are utilised for navigation, surveillance, and other mission-critical tasks are consequently in great demand. The demand for these kinds of technologies rises along with the use of unmanned vehicles. Key enabling technologies for this new class of sensor payloads in connected unmanned vehicles 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 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.
The leading market contenders listed in the report are:
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
Target Audience of the Global Airborne Optronics Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- 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)
Market Segmentations of the Airborne Optronics Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2032. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Airborne Optronics market on the basis of product, application, and region:
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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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.
Additional information offered by the report:
- Along with a complete overview of the global Airborne Optronics market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Airborne Optronics market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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