Airborne Optronics Market

Market Outlook for Airborne Optronics

The global airborne optronics market has been progressing at a rapid pace in the past several years. In last few years, there has been an immense upgradation in the technology across all industries, though it has also exposed the technologies from security threats. To address such threats, airborne optronics has been introduced to the market.

Growth of airborne optronics market is attributed to increasing number of security threats. Additionally, airborne optronics helps in faster decision making process, owing to advantage of imagery description of the attack. With the advancement in airborne optronics, the market has portrayed noteworthy growth in the past few years, owing to enhancement in the surveillance systems for end use industries including, aerospace, military and others.

However, airborne optronics has a variety of applications across several industries; for instance military utilize them for security threats and aerospace sector for monitoring invasion activities. Lately, the demand of airborne optronics market is anticipated to grow, owing to increasing terrorist activities and attacks.

The market is growing at a rapid pace due to surge in the demand for advanced and accurate surveillance system across the globe. To address the requirements of the several industries, airborne optronics market increased the range covered for detection and surveillance, which in turn has led to inclusion of variety of features such as, gunshot detection and target surveillance.

At present, several industries, including automotive, aerospace and defence, and others, are preferring airborne optronics over the traditional method of supervision, owing to high range detection with high resolution imagery description. This in turn, has fuelled the market growth of the airborne optronics.

Foremost objective of the report by Fact.MR on the airborne optronics market is to pitch insights on the purchase growth scenario, demand generators, and development strategies in this space. The report provides a taxonomy elaborating on key segments.

The report also outlines visionary insights on the market dynamics, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key success factors. Demand trends have been tracked in 20+ high-growth countries, pointing towards countries in North America holding bulk of the share.

Historical Trends Vs. Future Market Projections

Historically from 2016 to 2020, demand of airborne optronics market increased at over 11% CAGR, and the key factor assisting this growth is its advantageous surveillance process. The airborne optronics are using several technologies for instance, search and track system, surveillance system and others, to cater end-use industries requirements. However, among all end-use industries, aerospace sector is encouraging the usage of airborne optronics for security purpose and prevention of terrorist attacks.

The market is forecasted to expand at the CAGR of nearly 13% over the coming 10 years. Prime factors influencing growth are advancement in nanotechnology for smaller and efficient airborne optronic systems.

Which Region Offers Larger Opportunity for Airborne Optronics?

North America is estimated to hold largest market share for airborne optronics in the forecast period. The growth of the market in North America is due to adoption of technologically advanced airborne optronic options available in the region.

Growing automotive industry in the region has been significantly contributing towards the market growth of airborne optronics, owing to increasing order and supplies of airborne optronics. Lately, there has been an emergence of different airborne optronics technology to address the on-going demand from several industries, owing to better surveillance system.

North America accounts for around 38.2% of the global sales value of the airborne optronics. The region is expected to offer around US$ 1 Bn absolute dollar opportunity in the forecast period.

How Has COVID-19 Impacted the Sales of Airborne Optronics?

Covid-19 has hampered the market growth of the airborne optronics market, owing to shut down in operations of several aircrafts including commercial, military and space. Key players in the market has witnessed huge dip in the sales of the airborne optronics, which in turn has impacted the market negatively.

Automotive industry has been immensely impacted by the covid-19, which in turn forced them to reduce the purchase of airborne optronics to save cost. However, with improving pace of the automotive industry is anticipated to drive demand for the airborne optronics market in the near future.

Even after the huge drop in the revenue in this market during the pandemic times, the market is expected to reach back to normalcy very soon. Growing demand will contribute in the future growth of the product, expected to gain more market by 2031.

Competitive Landscape

Some of the key developments by companies are:

• In 2021, Northrop Grumman Corporation partnered with SMC, to support Space Force’s critical mission by providing Protected Tactical SATCOM. Northrop Grumman Corporation has significantly enhanced the Space Force with anti-jam performance to the war fighters.
• In 2021, Flir Systems, Inc. introduced Boson Radiometric Cameras with feature of radiometric accuracy temperature, which provides assessment of temperature accuracy. It will help in supervising the temperature with usage of several senses.

Similarly, recent developments related to companies manufacturing airborne optronics have been tracked by the team at Fact.MR, which is available in the full report.

Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value
Key Regions Covered	North America Europe Latin America South Asia East Asia MEA Oceania
Key Countries Covered	United States Canada Brazil Mexico Germany Russia U.K. France Spain Italy BENELUX China Japan South Korea India Malaysia Singapore Australia New Zealand GCC Countries Turkey South Africa
Key Segments Covered	By System By Technology By Application By Aircraft Type By End Use.
Key Companies Profiled	Northrop Grumman Corporation Thales SA Flir Systems, Inc. Safran Elbit Systems Ltd. Lockheed Martin Corporation Leonardo Spa L3Harris Technologies Inc. Hensoldt AG Collins Aerospace Israel Aerospace Industries Rafael Advanced Defense Systems Ltd. Kappa Optronics GmbH Stark Aerospace, Inc. Excelitas Technologies Corporation Osi Optoelectronics, Inc. Leidos Holdings, Inc. Ii-Vi, Inc. Bae Systems plc Aselsan A.a. Intevac, Inc. Ximea GmbH Headwall Photonics, Inc. Cubert GmbH Resonon Inc.

Key Market Segments Covered

• By System

  • Reconnaissance Airborne Optronics Systems
  • Targeting Airborne Optronics Systems
  • Search and Track Airborne Optronics Systems
  • Surveillance Airborne Optronics Systems
  • Warning/detection Airborne Optronics Systems
  • Countermeasure Airborne Optronics Systems
  • Navigation and Guidance Airborne Optronics Systems
  • Special Mission Airborne Optronics Systems

• By Technology

  • Multispectral Airborne Optronics Systems
  • Hyperspectral Airborne Optronics Systems

• By Application

  • Commercial Airborne Optronics Systems
  • Military Airborne Optronics Systems
  • Space Airborne Optronics Systems

• By Aircraft Type

  • Fixed Wing
  • Rotary Wing
  • Urban Air Mobility
  • Unmanned Aerial Vehicles

• By End Use

  • OEMs
  • Aftermarket

• By Region

  • North America
  • Europe
  • Latin America
  • South Asia
  • East Asia
  • Oceania
  • MEA