The Business Research Company’s report on the Airborne Optronics Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the airborne optronics market?
The rapidly increasing need to expand commercial and military aircraft fleets is expected to propel the growth of the airborne optronics market going forward. An aircraft fleet refers to a group or collection of aircraft under an organization or a country. Countries are increasing their aircraft fleet size to counter threats from neighboring countries. Airborne optronic is designed and developed to control and support the airborne sensors and systems for manned and unmanned aircraft that are used in commercial and military aircraft fleets. For instance, according to Ch Aviation, a Switzerland-based airline intelligence provider, there was a 13% increase in the global aircraft fleet when compared with 2021. Also, as of January 2022, there are 28,289 aircraft, of which 22,799 are active and 5,490 are grounded. North America and Oceania had the highest aircraft fleets with 86% and 85% active respectively. Therefore, the increasing need to expand commercial and military aircraft fleets is driving the growth of the airborne optronics market.
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How has the airborne optronics market size evolved, and what are the latest forecasts for its expansion?
The airborne optronics market size has grown rapidly in recent years. It will grow from $2.06 billion in 2024 to $2.41 billion in 2025 at a compound annual growth rate (CAGR) of 16.7%. The growth in the historic period can be attributed to economic growth, military modernization, rise in defense budgets, increased demand from the commercial sector, extensive r&d activities.
The airborne optronics market size is expected to see rapid growth in the next few years. It will grow to $4.27 billion in 2029 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to geopolitical tensions, rising civilian uavs, rising space exploration, rise in counterterrorism. Major trends in the forecast period include advanced image stabilization, electro-optical (eo) and infrared (ir) fusion, laser technology advancements, ai and machine learning integration, hyperspectral imaging.
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Which major companies dominate the airborne optronics market?
Major companies operating in the airborne optronics market include Leonardo S.p.A, Thales Group, Teledyne Technologies Incorporated, Safran S.A, Elbit Systems Ltd., Lockheed Martin Corporation, Stark Aerospace Inc., L3Harris Technologies Inc., Hensoldt AG, Collins Aerospace, Israel Aerospace Industries, Rafael Advanced Defense Systems Ltd., Kappa Optronics GmbH, Bae Systems plc, Resonon Inc., Excelitas Technologies Corporation, Osi Optoelectronics Inc., Leidos Holdings Inc., Aselsan A.S, Intevac Inc., Ximea GmbH, Headwall Photonics Inc., Cubert GmbH., Maxar Technologies Inc., Northrop Grumman Corporation, RTX Corporation, General Dynamics Corporation, Honeywell Aerospace, Pratt & Whitney, Rolls-Royce Holdings plc, General Electric Aviation, Spirit AeroSystems Inc., GKN Aerospace Services Limited, Triumph Group Inc.
What trends will shape the future of the airborne isr market?
Technological innovations are the key trends gaining popularity in the airborne optronics market. Major companies operating in the market are introducing new technologies to sustain their position in the market. For instance, in April 2022, Northrop Grumman Corporation, a Germany-based manufacturer of aerospace, and defense intelligence devices launched RQ-4D Phoenix Global Hawk, which is manufactured using advanced sensor technologies. This comprised of five aircraft and ground support systems that help to collect vital information to enable allied commanders to make informed and rapid decisions to preserve global security at the time of war. The specially designed alliance ground surveillance system provides critical Joint ISR (Intelligence, surveillance and reconnaissance) situational awareness to the 30 NATO (North Atlantic Treaty Organization) member countries.
Which region dominates the airborne optronics market, and what factors contribute to its leadership?
North America was the largest region in the airborne optronics market in 2024. North America is expected to be the fastest growing region in the forecast period. The regions covered in the airborne optronics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How is the airborne optronics market segmented, and which segment holds the largest share?
The airborne optronics market covered in this report is segmented –
1) By Aircraft Type: Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles
2) By Technology: Multispectral, Hyperspectral
3) By System: Reconnaissance System, Targeting System, Search and Track System, Surveillance System, Warning and Detection System, Countermeasure System, Navigation and Guidance System, Special Mission System
4) By Application: Commercial, Military, Space
5) By End User: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Fixed Wing: Military Fixed Wing Aircraft, Commercial Fixed Wing Aircraft, Regional and Business Jets
2) By Rotary Wing: Military Helicopters, Civilian Helicopters, Unmanned Rotary Wing Systems
3) By Urban Air Mobility: Electric Vertical Takeoff and Landing (eVTOL) Aircraft, Air Taxis and Drones for Urban Transport
4) By Unmanned Aerial Vehicles (UAVs): Tactical UAVs, Strategic UAVs, Micro and Mini UAVs, Commercial Drones
5) By Other Types: Hybrid Aircraft, Aerostats and Balloons
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How is the airborne optronics market defined?
Airborne optronics refers to hardware devices that interact with light to perform different functions, such as converting electric energy to light energy, converting optical signals into electrical currents for sensing functions, and others. These devices are integrated with aircraft and other aerial platforms to ensure safety and increase the precision of the aircraft. The airborne optronics are devices used to perform functions such as surveillance, identification, intelligence collection, and targeting in an aerial platform.
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