Global Airborne Optronics Market Report and Forecast 2024-2032

Global Airborne Optronics Market Outlook

The global airborne optronics market attained a value of nearly USD 1.86 billion in 2023. The market is projected to grow at a CAGR of 12.50% between 2024 and 2032 to reach a value of around USD 5.37 billion by 2032.

Key Trends in the Market

Airborne optronics refers to the electrical equipment and devices which are integrated into manned or unmanned aircraft to provide tactical and strategic advantages. Airborne optronics can perform various functions, ranging from radio navigation to GPS-based positioning, to optimise airborne operations.

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• There are increasing applications of airborne optronics in the military sector to provide night vision and navigation, among other assistance. Additionally, the increasing military expenditure by governments in both developed and emerging economies is further fuelling the airborne optronics market growth.

• Due to rising standards of surveillance and evolving airborne requirements, prominent market players are boosting innovations to provide advanced airborne optronics capabilities to end-users. Moreover, technological advancements are driving the development of airborne optronic systems with improved functionality.

• The expansion of urban air mobility due to rising investments by multiple governments towards building smart cities is one of the crucial airborne optronics market trends. Airborne optronics systems are used in urban air mobility such as air ambulances and personal aerial vehicle facilities to enable their operation in low light conditions and enhance their overall safety.

Market Analysis

Based on system, the market is divided into reconnaissance systems, targeting systems, surveillance systems, warning/detection systems, countermeasure systems, navigation and guidance systems, and special mission systems, among others. On the basis of technology, the market is bifurcated into hyperspectral and multispectral.

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By aircraft type, the market is categorised into rotary wing, fixed wing, urban air mobility, and unmanned aerial vehicles. Based on application, the market is divided into commercial, military, and space. By end use, the market is classified into OEM and aftermarket. The major regional markets of airborne optronics include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global airborne optronics market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Thales Group

• Elbit Systems Ltd.

• Northrop Grumman Corporation

• OSI Optoelectronics, Inc

• Safran S.A.

• Kappa optronics GmbH

• Hensoldt AG

• Raytheon Technologies Corporation

• Leonardo Spa

• Teledyne FLIR LLC

• Others

Market Share by Technology

The multispectral segment accounts for a healthy share of the airborne optronics market. Multispectral airborne optronics can collect several spectral bands, providing high-resolution operational stand-off imagery to aircraft.

Over the forecast period, the anticipated increase in the adoption of multispectral drones to carry out accurate mapping, surveying, and detection of land mines and ballistic missiles is likely to fuel the growth of this segment.

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Market Share by Application

The military segment accounts for a significant portion of the airborne optronics market share. The heightened use of airborne optronics in unmanned and manned aircraft to effectively track location, monitor movement, and observe targets is propelling the segment’s growth. The growing concerns pertaining to the escalating chances of cross-border conflicts and geopolitical tensions are also boosting the deployment of airborne optronics in the military sector.

Competitive Landscape

Thales Group is a global technology leader which has been actively investing in the development of digital and deep tech innovations for the aerospace, security, and space sectors, among others. The company was founded in 2000 and is headquartered in Paris, France.

Elbit Systems Ltd. is an international technology company which provides services in the field of defence and homeland security. It was established in 1966 and is currently headquartered in Haifa, Israel.

Northrop Grumman Corporation is a leading aerospace and defence company which delivers weapons and advanced military technology equipment to several end users in the space, aeronautics, defence, and cyberspace sectors. The company was established in 1994 and is headquartered in Virginia, the United States.

Other market players include OSI Optoelectronics, Inc, Safran S.A., Kappa optronics GmbH, Hensoldt AG, Raytheon Technologies Corporation, Leonardo Spa, and Teledyne FLIR LLC, among others.

Key Highlights of the Report