Airborne Optronics Market Size, Share, Growth, Trends, Key Drivers 2024-2033

The airborne optronics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

 

Airborne Optronics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

 

Market Size –

The airborne optronics market size has grown rapidly in recent years. It will grow from $1.8 billion in 2023 to $2.1 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%.  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 $3.8 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%.  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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Scope Of Airborne Optronics Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

 

Airborne Optronics Market Overview

Market Drivers –

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.

 

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), Aftermarket

 

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Regional Insights –

North America was the largest region in the airborne optronics market in 2023. 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.

 

Key Companies –

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.Ş, 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.

 

Table of Contents

1. Executive Summary
2. Airborne Optronics Market Characteristics
3. Airborne Optronics Market Trends And Strategies
4. Airborne Optronics Market – Macro Economic Scenario
5. Global Airborne Optronics Market Size and Growth

………..

33. Key Mergers And Acquisitions In The Airborne Optronics Market
34. Airborne Optronics Market Future Outlook and Potential Analysis
35. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Airborne Optronics Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Airborne Optronics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Airborne Optronics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

…….

Table 75: Leonardo S.p.A Financial Performance

Table 76: Thales Group Financial Performance

Table 77: Teledyne Technologies Incorporated Financial Performance

Table 78: Safran S.A Financial Performance

Table 79: Elbit Systems Ltd. Financial Performance

 

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