Airborne Optronics Market Is Expected To See A Huge Surge In Demand And Revenue In The Forecast Period

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

As per the airborne optronics market report by The Business Research Company, the rapidly increasing need to expand commercial and military aircraft fleets is expected to propel the growth of the airborne optronic market.

The global airborne optronics market size grew from $1.51 billion in 2022 to $1.77 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The airborne optronics market size is expected to grow to $3.06 billion in 2027 at a CAGR of 14.7%.

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Major competitors in the airborne optronics market include 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., and Cubert GmbH.

The airborne optronics market is segmented -
• By Aircraft Type: Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles
• By Technology: Multispectral, Hyperspectral
• By System: Reconnaissance System, Targeting System, Search and Track System, Surveillance System, Warning and Detection System, Countermeasure System, Navigation and Guidance System, Special Mission System
• By Application: Commercial, Military, Space
• By End User: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the airborne optronics market in 2022.

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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.

The Table Of Content For The Airborne Optronics Market Include:
1. Executive Summary
2. Airborne Optronics Market Characteristics
3. Airborne Optronics Market Trends And Strategies
4. Airborne Optronics Market - Macro Economic Scenario
5. Airborne Optronics Market Size And Growth
6. Airborne Optronics Market Segmentation
……
26. Africa Airborne Optronics Market
27. Airborne Optronics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airborne Optronics Market
29. Airborne Optronics Market Future Outlook And Potential Analysis
30. Appendix

The "Global Airborne Optronics Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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