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.
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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.
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
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