Press release
Airborne Sensors Market Drivers, Key Segments, Trends Forecast To 2024 To 2033
Airborne Sensors
The Business Research Company presents an extensive market research report on the Airborne Sensors Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The airborne sensors market size has grown strongly in recent years. It will grow from $10.04 billion in 2023 to $10.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to autonomous vehicles integration, air traffic management improvements, commercial uav integration, enhancements in hyperspectral imaging, military and defense demand..
The airborne sensors market size is expected to see strong growth in the next few years. It will grow to $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to commercial aviation safety upgrades, infrastructure monitoring needs, autonomous vehicles advancements, healthcare and medical transport, rise in space exploration.. Major trends in the forecast period include growing demand for remote sensing, integration of iot and ai, miniaturization of sensors, demand in defense and security, precision agriculture..
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Key Market Players:
Major companies operating in the airborne sensors market report are Hexagon AB, Thales Group, Raytheon Technologies Corp., Lockheed Martin Corporation, information systems laboratories, Teledyne Geospatial, General Dynamics Corporation, Honeywell International Inc., ITT Inc., AVT Airborne Sensing GmbH, Northrop Grumman Corporation, L3Harris Technologies Inc., Conax Technologies, Meggitt plc, Curtiss-Wright Corporation, Ametek Inc., Safran SA, General Electric Co., Airbus SE, BAE Systems plc, Optasense, Waterfall Security Solutions, Rolta India Ltd., SCADAfence, Confluera, Erkios Systems, McAfee Corp., Kaspersky Lab Inc., Ericsson AB, Fortinet Inc., Cisco Systems, Symantec Corporation, IBM Corp., Microsoft Corporation
Market Drivers:
Increased terrorist activities are expected to propel the growth of the airborne sensors market going forward. 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. According to the Global Terrorism Index (GTI), a report published annually by the Sydney-based Institute for Economics and Peace (IEP), the number of global terrorist attacks increased to 5,226 in 2021. Therefore, increased terrorist activities will drive the growth of the airborne sensors market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/airborne-sensors-global-market-report
The airborne sensors market covered in this report is segmented -
1) By Type: Non-Scanning, Scanning
2) By Component: Hardware, Software
3) By Application: Defense Aircraft, Commercial Aircraft, Other Application
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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