The Global Airborne Optronics market size is valued at USD 1.42 Billion in 2020 and projected to reach USD 3.28 Billion by 2027, growing at a CAGR of 11.85% during the forecast period, 2020-2027. The rising number of security threats is fueling the growth of the airborne optronics market. Furthermore, due to the obvious advantage of picture description of the attack, airborne optronics helps in faster decision making. Furthermore, Due to advancements in surveillance systems for end-use industries such as aerospace, military, and others, the market for airborne optronics has seen significant growth in recent years. Airborne Optronics is becoming more applicable as technological advancements. These systems can monitor a wide range of targets and detect them accurately.
Advanced Developments makes things highly expensive, which many countries find difficult to accept. Developed nations don’t often deliver these technologies to other countries since they fear losing their defense superiority. These are a few of the most significant industry limitations. However, the increased threat of cross-border infiltration and terrorism has led countries to demand this advanced technology. It is one of the Airborne optronics market’s most significant opportunities.
Photonics is the study and application of light as physical science. The study and application of light-detecting or light-emitting devices are known as optoelectronics or optronics. Airborne Optronics involves the design and maintenance of sensors and systems for both human and unmanned aircraft. Airborne Optronics aids in accurately attacking the opponent, missile detection, and environmental analysis. Military services, medical equipment, automatic access control systems, telecommunications, and other applications can benefit from airborne optronics gadgets. Airborne Optronic devices include telecommunication lasers, optical fibers, blue lasers, LED traffic lights, photodiodes, and solar cells.
The expanding variety of attacks necessitates the use of imagery in decision-making processes, which in turn necessitates the use of electro-optics technologies to counter rising security risks better and speed up decision-making. As a result, the armed services must improve their optronics systems to deal with security concerns. A growing and a varied number of companies are convinced of the economic benefits of optronics technology, to the point that they are moving the results of their applied research to the far more expensive development stage. Additionally, across the globe, major regions are undergoing technological transformations and modernization. Electro-optics systems are also used in the aerospace industry for non-destructive testing, and border security organizations use them to monitor an infiltration attempt.
Armed forces are primarily focusing on incorporating and integrating sophisticated and advanced sensor systems into their naval vessels in current combats, emphasizing airborne optronics capabilities. Navies must obtain motion imagery from sensors that provide day-night and long-range eyes on the target, as this improves their ability to identify targets, conduct threat assessments, assess intent following the rules of engagement, and support weapon engagement through automatic tracking and fire control solutions such as through connection. These factors predict that the airborne optronics market will grow fast over the forecasted period.
The Airborne optronics market was booming in the pre-covid 19 period due to a surge in demand for powerful and accurate surveillance systems all over the world. To meet the needs of various industries, the airborne optronics market expanded the detection and surveillance range, resulting in the incorporation of a variety of functions such as gunshot detection and target surveillance. Due to great range detection and high-resolution imaging descriptions, various industries, including automotive, aerospace and defense, prefer airborne optronics to the traditional supervision technique. This had fueled the expansion of the airborne optronics market in the pre-covid-19 period.
Due to the suspension of various aircraft operations, including commercial, military, and spacecraft, Covid-19 has impacted the growth of the airborne optronics market. Key industry participants have seen a significant drop in airborne optronics sales, which negatively influences the market. Furthermore, the covid-19 has had a significant impact on the automotive industry, forcing them to minimize their purchases of airborne optronics to save money. The growing pace of the automobile sector, on the other hand, is expected to fuel demand for airborne optronics shortly.
The Airborne Optronics market will undergo a jump in the post-COVID period as the focus shifts to creating powerful, lightweight, and cost-effective electronics and electrical systems. Airborne optronics systems will have more application options as the commercial value of lasers and laser-related equipment rises. In the coming years, the growing utilization of unmanned systems bodes well for growth. UAVs use EO systems to provide various functions, including range finding, target acquisition, imaging, and surveillance. Because of their strategic advantages, small UAVs are becoming more popular, prompting technology providers to develop compact electro-optical systems.
By system, the Airborne optronics system is divided into Reconnaissance system, Targeting system, Countermeasure system, Navigation and guidance system, Search and track system, Surveillance system, Warning/detection system, Special mission system. By system, the surveillance system market is expected to be the largest shareholder in the airborne optronics market. The rising use of lightweight UAVs in the military sector and long-range and high-altitude UAVs to offer military intelligence can be contributed to the expansion of the surveillance system segment of the airborne optronics market. Small unmanned aerial vehicles (UAVs) monitor enemy forces or specific locations and give video feedback to ground stations via GPS. UAVs are used in ISR operations to collect data on possible targets that are difficult to detect otherwise.
Based on technology, the airborne optronics industry is classified into two categories: multispectral and hyperspectral. Multispectral optronics has the largest market share of the two categories and is predicted to grow at the quickest rate in the airborne optronics market throughout the forecast period. Multispectral imaging is a technique for detecting and tracking military targets that monitors light output. High brightness of the image produced by a thermal imager, low-cost multispectral imaging system, land mine detection and ballistic missile detection, which are considered the best choices for unmanned automated aircraft, are responsible for the rise of the multispectral section of the airborne optronics industry.
By application, the airborne optronics market is segmented into Commercial, Military and space segments. The commercial segment is leading the application segment of the airborne optronics market. The most common use of airborne optronics products is for commercial purposes. This is due to the multivariate applications, which go beyond traditional military surveillance and reasons. Drones used for commercial purposes are most useful for determining soil stature, conducting facility surveys, and conducting land surveys, among other things. With the increased use of UAVs, the demand for drone services in other sectors is also expanding.
By End-Use, the airborne optronics market is segmented as OEM and Aftermarket. During the forecast period, the OEM market sector is expected to be the largest segment of the airborne optronics market due to automakers’ standardization of features like ambient lighting, convenience & climate functions, and safety features. Due to a growth in customer demand for such features, OEM is projected to be an attractive market shortly.
The Airborne optronics market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is estimated to project considerable growth over 2021-2027. North America has the lion’s market share in the regional section due to improved Optronics Technology’s availability. Orders for aircraft with integrated optics are steadily increasing in the United States. The majority of the world’s leading players in this market are based in America, and they are continually innovating their products to increase acceptability.
Aselsan, Collins Aerospace, Bae Systems plc, Cubert GmbH, Elbit Systems Ltd., L3Harris Technologies Inc., Leidos Holdings, Inc., Excelitas Technologies Corporation, Flir Systems, Inc., Headwall Photonics, Inc., Hensoldt Ag, Ii-Vi, Inc., Intevac, Inc., Leonardo Spa, Lockheed Martin Corporation, Israel Aerospace Industries, Kappa Optronics GmbH, Northrop Grumman Corporation, Osi Optoelectronics, Inc., Rafael Advanced Defense Systems Ltd., Resonon Inc., Safran, Stark Aerospace, Inc., Thales Sa, and Ximea GmbH are key players of the Airborne optics market.
|Market Size Value in 2020||USD 1.42 Billion|
|The revenue forecast in 2027||USD 3.28 Billion|
|Growth Rate||CAGR of 11.85% from 2020 to 2027|
|Region covered||North America, Europe, South America, Asia-Pacific, and Middle East & Africa|
|Key companies Profiled||Aselsan, Collins Aerospace, Bae Systems plc, Cubert GmbH, Elbit Systems Ltd., |
L3Harris Technologies Inc., Leidos Holdings, Inc., Excelitas Technologies
Corporation, Flir Systems, Inc., Headwall Photonics, Inc., Hensoldt Ag, Ii-Vi, Inc.,
Intevac, Inc., Leonardo Spa, Lockheed Martin Corporation, Israel Aerospace
Industries, Kappa Optronics GmbH, Northrop Grumman Corporation, Osi
Optoelectronics, Inc., Rafael Advanced Defense Systems Ltd., Resonon Inc.,
Safran, Stark Aerospace, Inc., Thales Sa, and Ximea GmbH.
The Airborne optronics market is valued at USD 1.42 Billion in 2020 and will reach USD 3.28 Billion by 2027.
The Airborne optronics market is growing at a CAGR of 11.85% during the forecast period.
Advancements in surveillance systems and the rising number of security threats are the growth drivers of the Airborne optronics market.
Trader Joe’s, Back to Nature, Lenny and Larry’s, Grandma’s, KNOW Better Cookie, Lucy’s, Nabisco, Keebler, Emmy’s, Pepperidge Farm Montauk, Annie’s, Archway, Simple Mills, Munk Pack, Tate’s Bake Shop, KFiber One, Glutino, Mrs. Fields are the key player in the global Airborne optronics market.
Because of improved Optronics Technology availability in the region, North America is expected to grow significantly between 2021 and 2027.