Airborne Optronics Market by System (Reconnaissance System, Targeting System, Search and Track System, Surveillance System, and Countermeasure System), Technology (Multispectral and Hyperspectral), Platform (Fixed Wing, Rotary Wing, and Unmanned Aerial Vehicles), End Use (Commercial and Military): Global Market Size Estimates and Forecast (2019-2030)

BMIRE00026080 | Pages: 100 | Aerospace and Defense | Sep 2022 | Type: Global | Status: Published

The market is expected to cross US$ 1.61 billion in 2022 and is projected to hit US$ 3.75 billion by 2030, recording a CAGR of 11.1% during the forecast period.

Increasing Border Security Threats is Driving the Market Growth.

The growing border security threats is leading to higher deployment of surveillance systems across airborne platforms. The concerns related to illegal entries and security breaches across different country’s borders is one of the major factors generating the demand for airborne optronic sensors deployments in the airborne platforms for continuous monitoring and surveillance. Several vendors are engaged in the development of electro-optic sensors and systems in collaboration with different armed forces that is generating growth opportunities for market vendors across the world. As the airborne optronics systems provide faster decision-making capabilities while providing advantages of imagery description of the incidents of any location.

Military segment is expected to dominate the market in 2022 and is expected to retain its dominance during the forecast period as well. This is owing to increasing number of military aircraft fleet wherein several air forces are investing heavily for the deployment of electro-optical technologies across aircraft platforms for their respective surveillance and related operations. Such factors are propelling the airborne optronics market for military segment.

Within the report, the market is segmented into system, technology, platform, end use, and geography. By system, the market is segmented into reconnaissance system, targeting system, search and track system, surveillance system, and countermeasure system. Based on technology, the market is bifurcated into multispectral and hyperspectral. Based on platform, the market is segmented into fixed wing, rotary wing, and unmanned aerial vehicles (UAVs). Based on end use, the market is bifurcated into commercial and military. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The Development of Advanced Airborne Countermeasure System to Provide Future Opportunities for Market Vendors During the Forecast Period.

The development in the airborne advanced countermeasure systems by airborne optronic market vendors is one of the major factors expected to generate huge opportunities for market vendors during the forecast period. For instance, several vendors such as Elbit Systems Ltd, Raytheon Technologies, Thales, and Safran are engaged in the development of airborne countermeasure systems that are majorly being acquired by several defense forces worldwide. Further the deployment of airborne IR countermeasure systems (DIRCM) across transport aircraft across military and commercial applications is another major factor expected to provide future opportunities for market vendors during the forecast period.

Several vendors are mainly focusing on the development of DIRCM sensors for deployment across the rising aircraft fleet worldwide. For instance, Elbit Systems Ltd. won a contract worth US$ 80 million to supply direct infrared counter measures (DIRCM) and airborne electronic warfare systems for a country in Asia-Pacific. Such developments are likely to generate huge opportunities for market vendors during the forecast period.

Deployment of UAV Platforms is Boosting Airborne Optronics Market Growth.

The rising investments by different defense ministry across countries for the procurement and deployment of drones or UAVs for different military operations such as combat, surveillance, and search & rescue is driving the demand for airborne optronic systems across the world. With the rise in military expenditure of different countries, the deployment of UAVs has witnessed tremendous growth in the past few years, which has boosted the deployment of airborne optronic systems across UAV platforms.

Further, the surveillance UAVs provide clear and real time images to the operator base with the help of airborne optronic systems that helps the force to take immediate actions based on the data collected from airborne optronic systems deployed on the UAVs. The vendors across this market are also focusing on developing innovative solutions for UAV systems to cater to market demands in order to remain competitive in the market. For this, the vendors are collaborating with several armed forces to understand their needs and develop customized solutions for their respective customers. For instance, in March 2022, the US Marine awarded a contract worth US$ 252 million to Northrop Grumman Corporation to supply a handheld electro-optical laser target designation system for small drones. Such developments are catalyzing the market growth.

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Recent Strategic Developments in Airborne Optronics Market

The airborne optronics market has undergone several significant developments, and a few of these have been mentioned below:

  • In July 2022, Elbit Systems won a contract from the Netherlands Ministry of Defense for the supply direct infrared counter measures (DIRCM) and airborne electronic warfare systems for a Gulfstream G650 aircraft.
  • In July 2022, the US Naval Air Systems Command awarded a contract worth US$ 22.6 million to Lockheed Martin Corporation to supply 22 units of 360-degree electro-optical sensor systems for the U.S. F-35 joint strike fighter.
  • In January 2022, the US Navy awarded a contract worth US$ 70 million to Canadian Commercial Corporation to extend its logistics support for the service’s electro-optical infrared sensors.

The airborne optronics market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Northrop Grumman Corporation, Thales Group, Safran, Teledyne FLIR LLC, Elbit Systems Ltd., Raytheon Technologies Corporation, Hensoldt Inc., ASELSAN SA, Kappa optronics GmbH, and Lockheed Martin Corporation are among the prominent players operating in the market.

Target audience for the report:

  • Reconnaissance system manufacturers
  • Targeting system manufacturers
  • Search and track system manufacturers
  • Surveillance system manufacturers
  • Countermeasure system manufacturers
  • Government and defense related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • System:
    • Reconnaissance System
    • Targeting System
    • Search and Track System
    • Surveillance System
    • Countermeasure System
  • Technology:
    • Multispectral
    • Hyperspectral
  • Platform
    • Fixed Wing
    • Rotary Wing
    • Unmanned Aerial Vehicles
  • End Use
    • Commercial
    • Military
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa
    • South America
  • Companies profiled
    • Northrop Grumman Corporation
    • Thales Group
    • Safran Group
    • Teledyne FLIR LLC
    • Elbit Systems Ltd.

Companies profiled

- Northrop Grumman Corporation

- Thales Group

- Safran Group

- Teledyne FLIR LLC

- Elbit Systems Ltd.

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