The Aircraft Cameras Market size is estimated at USD 27.48 million in 2024, and is expected to reach USD 45.5 million by 2029, growing at a CAGR of 10.61% during the forecast period (2024-2029).
The aircraft cameras market is semi-consolidated, as only a few players account for a major market share. Elbit Systems Ltd., LATECOERE S.A, Parker Meggitt, Teledyne FLIR LLC, and Collins Aerospace (RTX Corporation) are some of the prominent players in the market. Players in the market are heavily investing in R&D to develop advanced aircraft camera products that offer better situational awareness, thereby attracting new customers for their products.
Players are also focusing on obtaining long-term contracts with the aircraft OEMs, which will help them get sustainable revenues over the long term, as the aircraft programs run for years altogether. Newer players are emerging in the military sector, driven by the push from the governments towards indigenization. This is expected to drive the market more competitive during the forecast period.
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