Airborne Optronics Market Size Worth USD 5.57 Billion in 2032, Key Players, Future Trends, Growth Drivers and Strategy

The global airborne optronics market size reached USD 1.74 Billion in 2021 and is expected to register a revenue CAGR of 12.4% during the forecast period, according to the latest analysis by Emergen Research. Growing adoption of electro-optics in unmanned vehicles is the key factor driving market revenue growth.

The Airborne Optronics Market is a rapidly growing segment of the aviation industry. Optronics technology refers to the use of optics and electronics in various devices and systems, including cameras, sensors, and displays. When integrated into airborne systems, optronics technology enables the collection, processing, and visualization of critical data for flight operations, surveillance, and intelligence gathering.

The global airborne optronics market is projected to grow significantly in the coming years due to the increasing demand for advanced surveillance and intelligence-gathering systems for both military and commercial applications. The growth is also driven by the increasing use of unmanned aerial vehicles (UAVs) or drones in military and civilian operations.

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The airborne optronics market is a highly competitive industry with a range of players operating in the space. The market includes a variety of technologies such as sensors, cameras, and other optical systems used in airborne platforms like military and commercial aircraft.

In addition to these established players, there are also a number of smaller companies that specialize in specific niches within the market, such as infrared sensors or surveillance cameras. These companies often focus on providing innovative solutions for specific customer needs.

The market is also driven by the increasing demand for unmanned aerial vehicles (UAVs) and the growing trend of digitization in the aerospace industry. This has led to the emergence of new players in the market such as Elbit Systems Ltd., Israel Aerospace Industries Ltd., and Northrop Grumman Corporation, who are focusing on developing advanced optronics solutions for UAVs.

Overall, the airborne optronics market is expected to experience significant growth in the coming years, driven by increasing demand for surveillance and reconnaissance applications in both military and civilian sectors. The competition is likely to intensify as more players enter the market, leading to increased innovation and product development in the industry.

The leading market contenders listed in the report are:

Thales, Northrop Grumman, Safran, Elbit Systems Ltd, Leonardo S.p.A, Collins Aerospace, Hensoldt Inc., Lockheed Martin Corporation, L3Harris Technologies, Inc., and Excelitas Technologies Corp

Thales is a multinational technology company that specializes in providing solutions in the defense, aerospace, and transportation industries. They offer a range of products and services, including communication systems, radar systems, and cybersecurity solutions.

Lockheed Martin Corporation is a global aerospace and defense company that provides advanced technology systems, products, and services. They operate in various areas, such as aeronautics, space, and missiles and fire control.

Excelitas Technologies Corp is a technology company that focuses on delivering innovative solutions in the fields of photonics and electronics. They offer a range of products, such as sensors, optics, and lighting solutions, that cater to industries like aerospace, defense, medical, and industrial manufacturing.

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Segmentation Insights for Airborne optronics Market

The market is segmented based on type, system, and platform. Based on type, the market is categorized into infrared (IR) systems, electro-optical (EO) systems, and laser-based systems. The EO systems segment is expected to dominate the market due to its increasing use in UAVs for various applications such as border surveillance, aerial reconnaissance, and monitoring of critical infrastructure.

Based on the system, the market is segmented into imaging systems, targeting systems, warning and detection systems, and surveillance and tracking systems. The imaging systems segment is expected to hold the largest market share due to its increasing use in military operations for target identification and tracking.

Based on the platform, the market is segmented into manned and unmanned platforms. The unmanned platform segment is expected to grow significantly due to the increasing use of UAVs in various applications such as precision agriculture, disaster management, and surveillance.

The major players in the airborne optronics market include companies such as Lockheed Martin Corporation, Safran S.A., L3 Technologies, Inc., Thales Group, and Elbit Systems Ltd. These companies are investing in research and development activities to develop advanced optronics technology for airborne systems to enhance their product offerings and maintain a competitive edge in the market.

On 01 April 2021, Safran Electronics entered into an agreement with Dassault Aviation to supply advanced Euroflir 410 optronic systems for two types of Falcon aircraft: 12 Albatros, which are based on the Falcon 2000LXS, and 8 Falcon 50M Triton models that are being upgraded as part of the French navy's program to update its maritime surveillance and intervention aircraft. This latest contract win confirms Safran's position as a leader in the European market for advanced optronics systems on special-mission airplanes and helicopters.

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