The Airborne Sensors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Airborne Sensors Global Market Report 2024, The airborne sensors market size has grown strongly in recent years. It will grow from $10.04 billion in 2023 to $10.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. 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 $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. 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..
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.
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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
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 report table of contents includes:
- Executive Summary
- Airborne Sensors Market Characteristics
- Airborne Sensors Market Trends And Strategies
- Airborne Sensors Market – Macro Economic Scenario
- Global Airborne Sensors Market Size and Growth
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- Global Airborne Sensors Market Competitive Benchmarking
- Global Airborne Sensors Market Competitive Dashboard
- Key Mergers And Acquisitions In The Airborne Sensors Market
- Airborne Sensors Market Future Outlook and Potential Analysis
- Appendix
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