Airborne Sensors Market Insights, Analysis And Forecast To 2033

The airborne sensors 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 Sensors 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 sensors market size has grown strongly in recent years. It will grow from <b>$10.04 billion in 2023 to $10.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. </b> The  growth in the historic period can be attributed to autonomous vehicles integration, air traffic management improvements, commercial uav integration, enhancements in hyperspectral imaging, military and defense demand.

The airborne sensors market size is expected to see strong growth in the next few years. It will grow to <b>$14.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. </b> The growth in the forecast period can be attributed to commercial aviation safety upgrades, infrastructure monitoring needs, autonomous vehicles advancements, healthcare and medical transport, rise in space exploration. Major trends in the forecast period include growing demand for remote sensing, integration of iot and ai, miniaturization of sensors, demand in defense and security, precision agriculture.

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Scope Of Airborne Sensors 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 Sensors Market Overview

Market Drivers –
Increased terrorist activities are expected to propel the growth of the airborne sensors market going forward. Terrorist activities involve criminal or violent activities by an individual or group of people associated with a terrorist organization. Terrorist activities are driving the demand for the development of airborne sensors for defense applications to protect borders from terrorist organizations. According to the Global Terrorism Index (GTI), a report published annually by the Sydney-based Institute for Economics and Peace (IEP), the number of global terrorist attacks increased to 5,226 in 2021. Therefore, increased terrorist activities will drive the growth of the airborne sensors market.

Market Trends –
Product innovations are the key trend gaining popularity in the airborne sensors market. Major companies operating in the market are developing advanced products to sustain their position in the market. For instance, in September 2022, Leica Geosystems, a Switzerland-based company that produces products and systems for surveying and geographical measurement launched Leica DMC-4, an airborne imaging sensor for complex mapping environments. The sensor provides unsurpassed image quality by leveraging the complementary metal oxide semiconductor (CMOS) technology-based MFC150 camera module with mechanical forward-motion-compensation (FMC).

The airborne sensors market covered in this report is segmented –
1) By Type: Non-Scanning, Scanning
2) By Component: Hardware, Software
3) By Application: Defense Aircraft, Commercial Aircraft, Other Application

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Regional Insights –
Europe was the largest region in the airborne sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airborne sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the airborne sensors market report are Hexagon AB, Thales Group, Raytheon Technologies Corp., Lockheed Martin Corporation, information systems laboratories, Teledyne Geospatial, General Dynamics Corporation, Honeywell International Inc., ITT Inc., AVT Airborne Sensing GmbH, Northrop Grumman Corporation, L3Harris Technologies Inc., Conax Technologies, Meggitt plc, Curtiss-Wright Corporation, Ametek Inc., Safran SA, General Electric Co., Airbus SE, BAE Systems plc, Optasense, Waterfall Security Solutions, Rolta India Ltd., SCADAfence, Confluera, Erkios Systems, McAfee Corp., Kaspersky Lab Inc., Ericsson AB, Fortinet Inc., Cisco Systems, Symantec Corporation, IBM Corp., Microsoft Corporation

Table of Contents

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

…

31. Global Airborne Sensors Market Competitive Benchmarking
32. Global Airborne Sensors Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Airborne Sensors Market
34. Airborne Sensors Market Future Outlook and Potential Analysis
35. Appendix

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