The Airborne Optronics Market was valued around USD 1,631 million in 2021 and is expected to reach USD 3,896 million in 2029, growing at a CAGR of 11.5% over the forecast period (2021-2028).

The factors driving growth of Airborne Optronics Market includes rising fleet of commercial and combat aircrafts, growing deployment of electro-optics in unmanned ariel vehicles, emergence of urban air mobility platforms such as air taxis, air ambulances and personalized air vehicles and improvements in the living standards. Moreover, growing adoption of advanced technologies such as Artificial Intelligence, next-generation thermal cameras and High Definition (HD) cameras, miniaturization of optoelectronic devices, increasing incidences of conflicts and rapid urbanization, are some of the additional factors supplementing the Airborne Optronics Market share. In addition, the increasing investments by leading players on research and development, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.

However, growth of the Airborne Optronics Market is hindered due to growing risks related to collateral damage.

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

Based on System, the Surveillance system segment is predicted to grow at a significant CAGR during the forecast period

Increasing application of optronics surveillance systems in small, long-range, and high-altitude UAVs to provide battlefield intelligence, is the major factor pushing Airborne Optronics Market Size.

Based on Application, the Commercial segment is projected to expand at a remarkable CAGR over the forecast period

Increasing application of drones for surveying and aerial imaging and rising adoption of Artificial Intelligence (AI) for preventive maintenance and rapid emergency response, are propelling segment’s growth.

Based on Region, the North American region is anticipated to capture the largest market share during the forecast period

Presence of the leading players such as Lockheed Martin Corporation, L3Harris Technologies, Inc. and Northrop Grumman, rapid growth in defense manufacturing, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region. 

Key Developments

  • In 2021, HENSOLDT partnered 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. received a five-year contract worth USD 300 million to deliver 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, Hensoldt AG and Fraunhofer IOSB in Ettlingen, Germany, signed an agreement to develop future-proof, robust, and powerful lasers for laser-based countermeasures for self-protection systems and reconnaissance purposes.

Market Segmentation

Segmentation by System

  • Reconnaissance system
  • Targeting system
  • Search and track system
  • Surveillance system
  • Warning/detection system
  • Countermeasure system
  • Navigation and guidance system
  • Special mission system

Segmentation by Technology

  • Multispectral
  • Hyperspectral

Segmentation by Application

  • Commercial
  • Military
  • Space

Segmentation by Aircraft Type

  • Fixed Wing
  • Rotary Wing
  • Urban Air Mobility
  • Unmanned Aerial Vehicles

Segmentation by End Use

  • OEM
  • Aftermarket

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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