Airborne Optronics Global Market Report 2022: A $2.5+ Billion Market by 2026 – Long-term Forecast to 2031 Featuring Leonardo, Thales Group, Flir Systems, Safran, Elbit Systems

DUBLIN, Dec. 23, 2022 /PRNewswire/ — The “Airborne Optronics Global Market Report 2022: Ukraine-Russia War Impact” report has been added to ResearchAndMarkets.com’s offering.

The global airborne optronics market is expected to grow from $ 1.29 billion in 2021 to $ 1.49 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The airborne optronics market is expected to reach $ 2.52 billion in 2026 at a CAGR of 14.1%.

The airborne optronics market consists of sales of laser warning receivers, laser countermeasures, laser range finders, sighting systems, AFV fire control and navigation systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Airborne optronics refers to hardware devices that interact with light to perform different functions such as converting electric energy to light energy, converting optical signals into electrical currents for sensing functions, and others. These devices are integrated with aircraft and other aerial platforms to ensure safety and increase the precision of the aircraft. The airborne optronics are devices used to perform functions such as surveillance, identification, intelligence collection, and targeting in an aerial platform.

North America was the largest region in the airborne optronics market in 2021. The regions covered in the airborne optronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($ ) unless otherwise specified).

The revenues for a specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main aircraft types of airborne optronics markets are fixed wing, rotary wing, urban air mobility, and unmanned aerial vehicles. Fixed-wing is an airplane with fixed wings that don’t have wings that oscillate or move up and down. The fixed-wing aircraft uses airborne optronics in fixed-wing aircraft for capturing images, detecting threats, and countermeasure strikes.

The different technologies include multispectral, and hyperspectral and involve various systems such as reconnaissance system, targeting system, search and track system, surveillance system, warning and detection system, countermeasure system, navigation and guidance system, and special mission system. The several applications include commercial, military, and space. The end users are original equipment manufacturer (OEM) and aftermarket.

The rapidly increasing need to expand commercial and military aircraft fleets is expected to propel the growth of the airborne optronic market going forward. An aircraft fleet refers to a group or collection of aircraft under an organization or a country. Countries are increasing their aircraft fleet size to counter threats from neighbouring countries.

Airborne optronic is designed and developed to control and support the airborne sensors and systems for manned and unmanned aircraft that are used in commercial and military aircraft fleets. For instance, according to Ch Aviation, a Switzerland-based airline intelligence provider, there was a 13% increase in the global aircraft fleet when compared with 2021.

Also, as of January 2022, there are 28,289 aircraft, of which 22,799 are active and 5,490 are grounded. North America and Oceania had the highest aircraft fleets with 86% and 85% active respectively. Therefore, the increasing need to expand commercial and military aircraft fleets is driving the growth of the airborne optronic market.

Technological innovations are the key trends gaining popularity in the airborne optronic market. Major companies operating in the market are introducing new technologies to sustain their position in the market. For instance, in April 2022, Northrop Grumman Corporation, a Germany-based manufacturer of aerospace, and defense intelligence devices launched RQ-4D Phoenix Global Hawk, which is manufactured using advanced sensor technologies.

This comprised of five aircraft and ground support systems that help to collect vital information to enable allied commanders to make informed and rapid decisions to preserve global security at the time of war. The specially-designed alliance ground surveillance system provides critical Joint ISR (Intelligence, surveillance and reconnaissance) situational awareness to the 30 NATO (North Atlantic Treaty Organization) member countries.

In December 2020, Veritas Capital, a US-based private-equity firm acquired Northrop Grumman’s federal IT and mission support services for a deal amount of $ 3.4 billion. With this acquisition, Veritas plans to combine the Northrop Grumman business with Peraton, a Veritas portfolio company that helps to provide mission-critical technology solutions to government customers. Northrop Grumman is a US-based manufacturer of aerospace, and defense intelligence devices and optronics.

The countries covered in the airborne optronic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Major players in the airborne optronics market are

Leonardo S.p.A
Thales Group
Flir Systems Inc.(Teledyne Technologies Incorporated)
Safran S.A
Elbit Systems Ltd.
Lockheed Martin Corporation
Stark Aerospace Inc.
L3Harris Technologies Inc.
Hensoldt AG
Collins Aerospace(Raytheon Technologies Corporation)
Israel Aerospace Industries
Rafael Advanced Defense Systems Ltd.
Kappa Optronics GmbH
Bae Systems PLC
Resonon Inc.
Excelitas Technologies Corporation
Osi Optoelectronics Inc.
Leidos Holdings Inc.
Ii-Vi Inc.
Aselsan A.S
Intevac Inc.
Ximea GmbH
Headwall Photonics Inc.
Cubert GmbH.

Key Topics Covered:

1. Executive Summary

2. Airborne Optronics Market Characteristics

3. Airborne Optronics Market Trends And Strategies

4. Airborne Optronics Market – Macro Economic Scenario
4.1. COVID-19 Impact On Airborne Optronics Market
4.2. Ukraine-Russia War Impact On Airborne Optronics Market
4.3. Impact Of High Inflation On Airborne Optronics Market

5. Airborne Optronics Market Size And Growth
5.1. Global Airborne Optronics Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Airborne Optronics Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Airborne Optronics Market Segmentation
6.1. Global Airborne Optronics Market, Segmentation By Aircraft Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Fixed Wing
Rotary Wing
Urban Air Mobility
Unmanned Aerial Vehicles

6.2. Global Airborne Optronics Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Multispectral
Hyperspectral

6.3. Global Airborne Optronics Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Reconnaissance System
Targeting System
Search and Track System
Surveillance System
Warning and Detection System
Countermeasure System
Navigation and Guidance System
Special Mission System

6.4. Global Airborne Optronics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Commercial
Military
Space

6.5. Global Airborne Optronics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Original Equipment Manufacturer (OEM)
Aftermarket

7. Airborne Optronics Market Regional And Country Analysis
7.1. Global Airborne Optronics Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Airborne Optronics Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/ivkx0q

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