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Airborne Optronics Market

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

4.7 (25 reviews)
Published: July 2021 ID: SMRC20679
4.7 (25 reviews)
Published: July 2021 ID: SMRC20679

This report covers the impact of COVID-19 on this global market

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-optronics-fig-10.png

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.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1.40 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

14.3%

Predicted 2028 Value:

USD 4.08billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

245

Chapters Covered:

Technology, System, Aircraft Type, Application, End User and Region

Core Drivers and Opportunities:

  • Increased deployment of electro-optics for unmanned vehicles
  • Global expansion of military air fleet

Restraining Factors & Market Threats:

  • Inefficiency in extreme weather conditions


 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.

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