Airborne Optronics Market Forecasts to 2028 – Global Analysis By Technology (Multispectral and Hyperspectral), System, Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, and Urban Air Mobility), Application and By Geography
According to Stratistics MRC, the Global Airborne Optronics Market is accounted for $1.40 billion in 2020 and is expected to reach $4.08 billion by 2028 growing at a CAGR of 14.3% during the forecast period. Some of the factors such as modernization and technological advancements and a growing fleet of commercial and combat aircraft are propelling the market growth. However, incapability in extreme weather conditions is hampering the market growth.
Airborne optronic products are widely utilized by armed forces and safety personnel for observation, recognition, evaluation, highly precise measurement, and defense applications. Such optronic products are majorly deployed on platforms such as submarines, manned and unmanned aircraft, armored vehicles, and satellites, among others.
Based on the end user, the original equipment manufacturer (OEM) segment is estimated to have lucrative growth during the forecast period. OEMs are responsible for the installation of optronics in an aircraft during the assembly stage and are then made available for delivery to aircraft manufacturers and space agencies.
By geography, North America is going to have lucrative growth due to the rapid development of technologically advanced optronics systems; rising investment in defense and aerospace R&D, and a growing number of aircraft orders and delivers. In addition, the robust presence of key manufacturers and rising adoption of airborne optronics in the United States are also expected to contribute to revenue growth of the market in the region.
Some of the key players profiled in the Airborne Optronics Market include Collins Aerospace, Elbit Systems Ltd., Excelitas Technologies Corporation, Flir Systems, Inc., Hensoldt AG, Israel Aerospace Industries, Kappa Optronics GmbH, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Safran, Stark Aerospace, Inc., Thales SA, Bae Systems plc, Aselsan A.a., Intevac, Inc., Ximea GmbH, Headwall Photonics, Inc., Cubert GmbH, Resonon Inc., Osi Optoelectronics, Inc., Leidos Holdings, Inc., and Ii-Vi, Inc.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 1.40 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
14.3% |
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Predicted 2028 Value: |
USD 4.08billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
245 |
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Chapters Covered: |
Technology, System, Aircraft Type, Application, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Technologies Covered:
• Multispectral
• Hyperspectral
Systems Covered:
• Countermeasure System
• Warning/Detection System
• Reconnaissance System
• Surveillance System
• Special Mission System
• Search and Track System
• Targeting System
• Navigation and Guidance System
Aircraft Types Covered:
• Fixed Wing
• Rotary Wing
• Unmanned Aerial Vehicles
• Urban Air Mobility
Applications Covered:
• Commercial
• Military
• Space
End Users Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Airborne Optronics Market is majorly driven by modernization and technological advancements, rising defense budgets of major economies, and an increasing fleet of commercial and combat aircraft.
The multispectral segment is growing at the highest CAGR owing to the low-cost multispectral imaging system.
North America dominated with a significant market share owing to the rapid growth of technologically advanced optronics.
Asia Pacific market is growing at the highest CAGR owing to rising demand for airborne optronics in the defense sector from APAC countries such as India and China.
Key players in Airborne Optronics Market include Collins Aerospace, Elbit Systems Ltd., Excelitas Technologies Corporation, Flir Systems, Inc., Hensoldt AG, Israel Aerospace Industries, Kappa Optronics GmbH, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Safran, Stark Aerospace, Inc., Thales SA, Bae Systems plc, Aselsan A.a., Intevac, Inc., Ximea GmbH, Headwall Photonics, Inc., Cubert GmbH, Resonon Inc., Osi Optoelectronics, Inc., Leidos Holdings, Inc., and Ii-Vi, Inc.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Airborne Optronics Market, By Technology
5.1 Introduction
5.2 Multispectral
5.3 Hyperspectral
6 Global Airborne Optronics Market, By System
6.1 Introduction
6.2 Countermeasure System
6.3 Warning/Detection System
6.4 Reconnaissance System
6.5 Surveillance System
6.6 Special Mission System
6.7 Search and Track System
6.8 Targeting System
6.9 Navigation and Guidance System
7 Global Airborne Optronics Market, By Aircraft Type
7.1 Introduction
7.2 Fixed Wing
7.2.1 Business Jets
7.2.2 Fighter Aircraft
7.2.3 Regional Transport Aircraft
7.2.4 Special Mission Aircraft
7.2.5 Transport Aircraft
7.3 Rotary Wing
7.3.1 Commercial Helicopters
7.3.2 Military Helicopters
7.4 Unmanned Aerial Vehicles
7.4.1 Fixed Wing Unmanned Aerial Vehicles (UAVs)
7.4.2 Fixed Wing Vertical Take-Off and Landing (VTOL) Unmanned Aerial Vehicles (UAVs)
7.4.3 Rotary Wing Unmanned Aerial Vehicles (UAVs)
7.5 Urban Air Mobility
7.5.1 Air Taxi
7.5.2 Air Shuttle and Air Metro
7.5.3 Personal Aerial Vehicles
7.5.4 Cargo Aerial Vehicles
7.5.5 Last-Mile Delivery Vehicles
8 Global Airborne Optronics Market, By Application
8.1 Introduction
8.2 Commercial
8.3 Military
8.4 Space
9 Global Airborne Optronics Market, By End User
9.1 Introduction
9.2 Original Equipment Manufacturer (OEM)
9.3 Aftermarket
10 Global Airborne Optronics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Collins Aerospace
12.2 Elbit Systems Ltd.
12.3 Excelitas Technologies Corporation
12.4 Flir Systems, Inc.
12.5 Hensoldt AG
12.6 Israel Aerospace Industries
12.7 Kappa Optronics GmbH
12.8 L3Harris Technologies Inc.
12.9 Leonardo Spa
12.10 Lockheed Martin Corporation
12.11 Northrop Grumman Corporation
12.12 Rafael Advanced Defense Systems Ltd.
12.13 Safran
12.14 Stark Aerospace, Inc.
12.15 Thales SA
12.16 Bae Systems plc
12.17 Aselsan A.a.
12.18 Intevac, Inc.
12.19 Ximea GmbH
12.20 Headwall Photonics, Inc.
12.21 Cubert GmbH
12.22 Resonon Inc.
12.23 Osi Optoelectronics, Inc.
12.24 Leidos Holdings, Inc.
12.25 Ii-Vi, Inc.
List of Tables
1 Global Airborne Optronics Market Outlook, By Region (2019-2028) ($MN)
2 Global Airborne Optronics Market Outlook, By Technology (2019-2028) ($MN)
3 Global Airborne Optronics Market Outlook, By Multispectral (2019-2028) ($MN)
4 Global Airborne Optronics Market Outlook, By Hyperspectral (2019-2028) ($MN)
5 Global Airborne Optronics Market Outlook, By System (2019-2028) ($MN)
6 Global Airborne Optronics Market Outlook, By Countermeasure System (2019-2028) ($MN)
7 Global Airborne Optronics Market Outlook, By Warning/Detection System (2019-2028) ($MN)
8 Global Airborne Optronics Market Outlook, By Reconnaissance System (2019-2028) ($MN)
9 Global Airborne Optronics Market Outlook, By Surveillance System (2019-2028) ($MN)
10 Global Airborne Optronics Market Outlook, By Special Mission System (2019-2028) ($MN)
11 Global Airborne Optronics Market Outlook, By Search and Track System (2019-2028) ($MN)
12 Global Airborne Optronics Market Outlook, By Targeting System (2019-2028) ($MN)
13 Global Airborne Optronics Market Outlook, By Navigation and Guidance System (2019-2028) ($MN)
14 Global Airborne Optronics Market Outlook, By Aircraft Type (2019-2028) ($MN)
15 Global Airborne Optronics Market Outlook, By Fixed Wing (2019-2028) ($MN)
16 Global Airborne Optronics Market Outlook, By Business Jets (2019-2028) ($MN)
17 Global Airborne Optronics Market Outlook, By Fighter Aircraft (2019-2028) ($MN)
18 Global Airborne Optronics Market Outlook, By Regional Transport Aircraft (2019-2028) ($MN)
19 Global Airborne Optronics Market Outlook, By Special Mission Aircraft (2019-2028) ($MN)
20 Global Airborne Optronics Market Outlook, By Transport Aircraft (2019-2028) ($MN)
21 Global Airborne Optronics Market Outlook, By Rotary Wing (2019-2028) ($MN)
22 Global Airborne Optronics Market Outlook, By Commercial Helicopters (2019-2028) ($MN)
23 Global Airborne Optronics Market Outlook, By Military Helicopters (2019-2028) ($MN)
24 Global Airborne Optronics Market Outlook, By Unmanned Aerial Vehicles (2019-2028) ($MN)
25 Global Airborne Optronics Market Outlook, By Fixed Wing Unmanned Aerial Vehicles (UAVs) (2019-2028) ($MN)
26 Global Airborne Optronics Market Outlook, By Fixed Wing Vertical Take-Off and Landing (VTOL) Unmanned Aerial Vehicles (UAVs) (2019-2028) ($MN)
27 Global Airborne Optronics Market Outlook, By Rotary Wing Unmanned Aerial Vehicles (UAVs) (2019-2028) ($MN)
28 Global Airborne Optronics Market Outlook, By Urban Air Mobility (2019-2028) ($MN)
29 Global Airborne Optronics Market Outlook, By Air Taxi (2019-2028) ($MN)
30 Global Airborne Optronics Market Outlook, By Air Shuttle and Air Metro (2019-2028) ($MN)
31 Global Airborne Optronics Market Outlook, By Personal Aerial Vehicles (2019-2028) ($MN)
32 Global Airborne Optronics Market Outlook, By Cargo Aerial Vehicles (2019-2028) ($MN)
33 Global Airborne Optronics Market Outlook, By Last-Mile Delivery Vehicles (2019-2028) ($MN)
34 Global Airborne Optronics Market Outlook, By Application (2019-2028) ($MN)
35 Global Airborne Optronics Market Outlook, By Commercial (2019-2028) ($MN)
36 Global Airborne Optronics Market Outlook, By Military (2019-2028) ($MN)
37 Global Airborne Optronics Market Outlook, By Space (2019-2028) ($MN)
38 Global Airborne Optronics Market Outlook, By End User (2019-2028) ($MN)
39 Global Airborne Optronics Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)
40 Global Airborne Optronics Market Outlook, By Aftermarket (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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