Airborne Sensor - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Airborne Sensor Market is accounted for $9,341.31 million in 2020 and is expected to reach $14,776.63 million by 2028 growing at a CAGR of 5.9% during the forecast period. Increasing terrorist attacks across the world and rising implementation of airborne sensors in the defense operations are the major factors propelling the market growth. However, high costs involved in the research & development and regulation by aviation safety agencies are hampering the market growth.
An airborne sensor is a technical device designed to detect and respond to one or more particular stimuli, which may record and/or transmit a resultant response for interpretation or measurement, and is carried aboard a manned or unmanned platform operating in the earth's atmosphere. Airborne sensors are mounted on an aircraft for remote sensing. They are used for navigation, stabilization, and real-time submarine target detection.
Based on type, the scanning segment is going to have a lucrative growth during the forecast period owing to its wide application in seismic, infrared, x-ray, scanning electron microscopes, sonar, radar, GPS, and LiDAR. Moreover, scanning airborne sensors are active sensors and they can produce high resolution images during night, day and also cloudy day. These key factors are expected to boost the demand for airborne sensors in the global market during the projected period.
By geography, North America is going to have a lucrative growth during the forecast period due to the rising investments by manufacturing companies in this region in the development of innovative airborne sensors along with the increasing penetration of unmanned aerial vehicles (UAVs). This factor is expected to drive the airborne sensors market of North America region. Also, key players in the region are opting for effective strategies such as strategic collaborations, product launch and many among other to stronghold their presence into local as well as international market.
Some of the key players profiled in the Airborne Sensor Market include Airborne Sensing, AVT Airborne Sensing GmbH, General Dynamics Corporation, Hexagon, Honeywell Aerospace, Information Systems Laboratories (ISL), ITT INC, Lockheed Martin Corporation, Raytheon Technologies, Rockwell Collins, Teledyne Optech, and Thales Group.
• Defense Aircraft
• Commercial Aircraft
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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