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Airborne Sensors Market Size, Segments, Key Drivers And Forecast To 2032
Airborne Sensors Market Analysis
The Business Research Company's Airborne Sensors Global Market Report 2023 identifies increased terrorist activities as the major driver for the airborne sensors market's growth in the forecast period. Terrorist activities involve criminal or violent activities by an individual or group of people associated with a terrorist organization. Terrorist activities are driving the demand for the development of airborne sensors for defense applications to protect borders from terrorist organizations.
The global airborne sensors market size is expected to grow from $9.30 billion in 2022 to $9.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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 sensors market is expected to reach $12.88 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the airborne sensors market are Hexagon AB, Thales Group, Raytheon Technologies, Lockheed Martin Corporation, information systems laboratories, Teledyne Geospatial.
A key trend in the airborne sensors market includes product innovations. Major companies operating in the market are developing advanced products to sustain their position in the market. For instance, in September 2022, Leica Geosystems, a Switzerland-based company that produces products and systems for surveying and geographical measurement launched Leica DMC-4, an airborne imaging sensor for complex mapping environments. The sensor provides unsurpassed image quality by leveraging the complementary metal oxide semiconductor (CMOS) technology-based MFC150 camera module with mechanical forward-motion-compensation (FMC).
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The airborne sensors market is segmented -
1) By Type: Non-Scanning, Scanning
2) By Component: Hardware, Software
3) By Application: Defense Aircraft, Commercial Aircraft, Other Application
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the airborne sensors market.
The Business Research Company's "Global Airborne Sensors Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Airborne Sensors Market Include:
1. Executive Summary
2. Airborne Sensors Market Characteristics
3. Airborne Sensors Market Trends And Strategies
4. Airborne Sensors Market - Macro Economic Scenario
5. Airborne Sensors Market Size And Growth
…….
26. Africa Airborne Sensors Market
27. Airborne Sensors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airborne Sensors Market
29. Airborne Sensors Market Future Outlook and Potential Analysis
30. Appendix
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