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Airborne Sensors Market Growth, Latest Trends, Share Analysis And Report 2033

06-13-2024 09:42 AM CET | Aerospace & Defense

Press release from: The Business research company

Airborne Sensors Market Growth

Airborne Sensors Market Growth

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Airborne Sensors Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.1 billion In 2028 At A CAGR Of 9.5% :

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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Airborne Sensors Market Major Segments
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

Key Driver - Surging Terrorist Threats Propel Growth In Airborne Sensors Market

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.

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Prominent Trend - Leica Geosystems Elevates Airborne Sensors Market With The Launch Of Leica Dmc-4 For Superior Imaging

Product innovations are the key trend gaining popularity in the airborne sensors market. 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).

Airborne Sensors 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

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https://www.thebusinessresearchcompany.com/report/airborne-sensors-global-market-report

Largest And Fastest Growing Region In The Market
Europe was the largest region in the airborne sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airborne sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Airborne Sensors Market Report Structure
3. Airborne Sensors Market Trends And Strategies
4. Airborne Sensors Market - Macro Economic Scenario
5. Airborne Sensors Market Size And Growth
…..
27. Airborne Sensors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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