Name: Airborne Optronics Market Size, Share, Trends and Growth Report – Global Opportunities &amp; Forecast, 2024-2031
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Airborne Optronics Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2024-2031

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Airborne Optronics Market size reached USD 2.1 billion in 2023 and is estimated to reach USD 5.0 billion in 2031 and the market is estimated to grow at a very high CAGR of 11.5% from 2024-2031.

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Major Airborne Optronics Market Drivers

The growth of the airborne optronics market is projected due to factors including an increase in asymmetric warfare, a rise in terrorist activities, and a growing demand for robust surveillance systems. Combat aircraft, beyond carrying long-range weaponry, are equipped with systems designed to deliver real-time intelligence gathering and close air support to ground forces. The swift integration of advanced technologies, including next-generation thermal cameras, AI, high-definition cameras, multispectral technology, and cutting-edge laser sensors, is contributing significantly to the success of different combat missions and surveillance. The construction of airborne optronics systems is engineered to endure harsh weather conditions. Consequently, there has been an increase in demand for these systems in commercial, aerospace, and military applications in recent times.

It is estimated that strong growth in the airborne optronics market size is attributed to the growing need for optoelectric devices in military applications and a rise in research and development investments. The market is further influenced by the introduction of cutting-edge optoelectronic technologies and the continuous trend of miniaturizing optoelectronic devices, contributing to robust market expansion. Moreover, the airborne optronics market growth is estimated to be driven by factors such as the expanding fleet of combat and commercial aircraft, coupled with increasing applications of electro-optics in unmanned vehicles. The increased need for optoelectronic devices in military applications, including navigation, night vision, and target acquisition. The emerging requirement for improved situational awareness is projected to deliver significant opportunities for market development. Furthermore, the growing awareness of safeguarding conflicts, and preventing citizens is contributing to an increased demand for improved technologies, driving market growth in developed as well as emerging regions.

Global regions are witnessing significant technological transformations and modernization. The rising diversity of attacks increases the significance of imagery in informed decision-making procedures. This, in turn, propels the usage of electro-optics technologies to effectively counter growing security risks and faster decision-making procedures. The requirement for armed forces to bolster their electro-optic systems is important in addressing security threats. Beyond military applications, electro-optic systems find utility in non-destructive testing within the aerospace sector. In addition, border protection companies use these to monitor intrusion attempts due to the rising instances of terrorist activities, there is an increasing requirement for improved surveillance systems to safeguard against intrusion attempts through terrorist groups in different regions.

The technological innovations are fostering the introduction of high-performance electro-optic systems applicable in different domains. Progress in imaging sensor technology has extended the surveillance and target detection range of electro-optics systems. Thereby, their improved capabilities make electro-optic systems the preferred choice in different applications, including surveillance and gunshot detection. Advancements and innovations in nanotechnology have facilitated the creation of small-sized and more proficient electro-optics systems. This development enables these systems to be deployed on smaller platforms including UAVs, and several other small unmanned systems.

However, the rising risk of fires and collateral damage resulting from inaccurate weapon systems in combat zones anticipate a limitation to the airborne optronics industry. In addition, the rise in the cost of airborne optronics systems and the rising demand for personalized and specified training and professionalism to function and maintain these systems are further constraining the market growth.

The increase in advanced, autonomous, and new alternative modes of transportation, specifically in urban air mobility platforms, is projected to propel growth in the airborne optronics market. The market of urban air mobility is anticipated to rise from USD 2,576 million to USD 4,900 million between 2020 and 2025. This market includes air ambulances, air taxis, and personal aerial automobiles within its urban air mobility platform. Moreover, urban air mobility platforms are designed and manufactured with distinct determinations. The primary objective of urban air mobility is to improve intercity transportation challenges and ease pressure on prevailing urban mobility solutions. Leading companies such as Hyundai Motors, EHang, Pipistrel, Volocopter, and Bell are actively planning the advancement of autonomous aircraft specifically for intracity transportation. Furthermore, the acceptance of social media passenger drones is estimated to lead to their usage in intercity air transportation by 2030. These autonomous aircraft prioritize the security and safety of passengers throughout commuting. Thereby, airborne optronics systems will become crucial factors to consider for ensuring the effectiveness and safety of these urban air mobility platforms. The evolution of next-generation aerial platforms is generating a demand for improved sensor systems with enhanced functionality in challenging environments. This factor is a present driver of market growth. Hence, the advent of urban air mobility platforms is projected to significantly boost airborne optronics systems demand during the coming period.

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By system, the surveillance system segment accounted for the largest market size

The surveillance system segment is estimated to witness a maximum CAGR due to the growing usage of small UAVs in the military sector, coupled with the deployment of long-range and high-altitude UAVs for battlefield intelligence. Small UAVs are important in examining enemy forces or precise areas and delivering video feedback to base stations through GPS. Conversely, UAVs are used for Intelligence, Surveillance, and Reconnaissance functions, capturing information on potential targets that may be challenging to spot through other means.

The commercial segment held the market largest market revenue share by application, globally

The commercial segment is expected to exhibit a maximum CAGR due to different commercial applications of airborne optronics. The usage of drones extends beyond surveying and aerial imaging applications. UAVs are increasingly integrated with artificial intelligence for different commercial functions, including facility surveys, preventive maintenance, security, land surveys, and instant emergency response. The rising need for drone services in several sectors aligns with the growing usage of UAVs.

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North America region registered the largest market size

The North America region is estimated to lead the market in the forecast period. The dominance is attributed to the development of technologically improved optronics across the region and the growing investment in research and development activities of defense and aerospace applications. The growing need for commercial aircraft, along with the existence of key players including FLIR Systems, and Northrop Grumman Corporation is projected to propel the airborne optronics market across the region. Market leaders are focusing on research and development to improve their product lines through the incorporation of advanced technologies, subsystems, and several other components for airborne optronics manufacturing.

Top Market Players

Various notable players operating in the market include Northrop Grumman, Thales Group, Safran S.A., Teledyne FLIR LLC, Elbit Systems Ltd., Lockheed Martin Corporation, Leonardo S.p.A., L3Harris Technologies, Inc., Hensoldt AG, Collins Aerospace, among others.

Key Developments:

- In 2021, HENSOLDT entered into a strategic partnership with Fraunhofer IOSB in Ettlingen, Germany, with an intent to develop future-proof, robust, and powerful lasers for laser-based countermeasures for self-protection systems and reconnaissance purposes.
- In 2021, Elbit Systems Ltd. unveiled to have received a five-year contract worth USD 300 million from an Asian country to provide HermesTM 900 Unmanned Aircraft Systems. As per the contract, the company will provide its Hermes 900 UAS and associated sub-systems, as well as maintenance and support services.
- In 2021, Northrop Grumman’s RQ-4D Phoenix Global Hawk allowed NATO Alliance Ground Surveillance (AGS) Force to receive a declaration of initial operating capability (IOC) from Supreme Allied Commander Europe, providing NATO commanders the ability to perform uninterrupted in-theater operations 24/7/365.
- In 2021, Hensoldt AG and Fraunhofer IOSB in Ettlingen, Germany, signed a cooperation agreement with the aim of developing future-proof, robust, and powerful lasers for laser-based countermeasures for self-protection systems and reconnaissance purposes.

Segments covered in the Report:

The global Airborne Optronics market has been segmented on the basis of System, Technology, Application, Aircraft Type, End Use and regions. Based on System, the market is segmented into Reconnaissance system, Targeting system, Search and track system, Surveillance system, Warning/detection system, Countermeasure system, Navigation and guidance system and Special mission system. Based on Technology, the market is segmented into Multispectral and Hyperspectral. Based on Application, the market is segmented into Commercial, Military and Space. Based on Aircraft Type the market is segmented into Fixed Wing, Rotary Wing, Urban Air Mobility and Unmanned Aerial Vehicles. Based on End Use, the market is segmented into OEM and Aftermarket.

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Report Coverage	Details
Market Revenues (2023)	USD 2.1 billion
Market Base Year	2023
Market Forecast Period	2024-2031
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By System, By Technology, By Application, By Aircraft Type, By End Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Northrop Grumman, Thales Group, Safran S.A., Teledyne FLIR LLC, Elbit Systems Ltd., Lockheed Martin Corporation, Leonardo S.p.A., L3Harris Technologies, Inc., Hensoldt AG, Collins Aerospace, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation