Airborne Optronics Market Forecasts to 2028 – Global Analysis By Aircraft Type (Urban Air Mobility, Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles), System (Countermeasure Systems, Targeting Systems, Reconnaissance Systems, Navigation & Guidance System

Airborne Optronics Market Forecasts to 2028 – Global Analysis By Aircraft Type (Urban Air Mobility, Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles), System (Countermeasure Systems, Targeting Systems, Reconnaissance Systems, Navigation & Guidance Systems, Special Mission Systems, Other Systems) and others

According to Stratistics MRC, the Global Airborne Optronics Market is accounted for $1.65 billion in 2022 and is expected to reach $3.72 billion by 2028 growing at a CAGR of 14.5% during the forecast period. Support structures and sensors for manned & remotely operated aircraft make up the airborne optronics system. The military use airborne optronics for high-altitude monitoring and detection. Airborne Optronics have seen increased demand as a result of the aerospace industry's rising need for a highly developed monitoring and detecting system. The global airborne optronics market is booming as a result of rising commercial demand.

According to a report of the United Nations, the nature of conflicts that were there 75 years ago during the time the UN was formed has transformed drastically. The number of conflicts in 2016 was way more than that experienced 30 years ago. In 2017, half a million people died worldwide due to conflicts.

Market Dynamics:

Driver:

Security threats

The market for airborne optronics is expanding, which is attributable to the rise in security risks. Due to the advantage of imagery-based assault descriptions, airborne optronics also facilitates quicker decision-making. Due to improvements in surveillance systems serving end user applications such as aerospace, the military, and others, the market for airborne optronics has shown notable growth over the past few years.

Restraint:

Inaccurate weapon systems

Due to their sensitivity to particular weather conditions, electro-optic systems can be significantly reduced in effectiveness by factors like smoke from burning materials, dust clouds from explosives, and other atmospheric interferences. Another significant growth-limiting concern is the elevated risk of fires and collateral damage as a result of imprecise weapon systems in a war zone.

Opportunity:

Technological developments and industrialization

As a result of the increasing diversity of assaults, using images in decision-making processes is essential for better addressing escalating security risks and accelerating decision-making. In order to address security issues, the armed forces must upgrade their optronics systems. Many different and expanding businesses are now shifting the findings of their applied research into the far more costly development stage because they are so persuaded of the economic advantages of optronics technology. Major parts of the world are also undergoing technological modernization and development. In the aerospace sector, electro-optics systems are also utilised for non-destructive testing, and border security agencies use them to keep an eye on infiltration attempts.

Threat:

Limitations of Airborne Optronics

The weather is sensitive to the Electro-Optics (EO) sensors used in aerial optronics systems. Natural phenomena like fog and haze can reduce visibility in a combat situation or setting. Battlefield-Induced Contaminants (BIC), such like smoke from burning targets or dust produced by attacks, can further distort a target image since these conditions vary and are challenging to accurately predict, even with the most recent meteorological and intelligence data. An optronic system becomes less effective when there is atmospheric interference. As a result, the performance of an EO/IR system may be hampered by the sensitivity of these electro-optic sensors in severe weather.

Covid-19 Impact

Covid-19 has slowed the expansion of the airborne optronics business as a result of the suspension of numerous aircraft operations, including those of commercial, military, and spacecraft. Sales of airborne optronics have significantly decreased which has a negative impact on the market and is noted by important industry participants. The automotive industry has also been significantly impacted by the covid-19, which has forced them to reduce their procurement of airborne optronics in order to save money. On the other hand, the expansion of the automotive industry is anticipated to quickly increase demand for airborne optronics.

The unarmed aerial vehicles segment is expected to be the largest during the forecast period

The unarmed aerial vehicles segment is estimated to have a lucrative growth. The cost of most varieties has decreased, making drones more affordable for a wider variety of consumers, which may account for the growth. UAVs can move across a wider range of motions than human planes. They can fly farther and in more directions, making it simpler to travel across previously inaccessible areas.

The multispectral segment is expected to have the highest CAGR during the forecast period

The multispectral segment is anticipated to witness the fastest CAGR growth during the forecast period, due to enhanced capability of this technology to quickly detect and track military targets employing mid-wave and long-wave infrared, the multispectral segment is anticipated to show significant revenue CAGR throughout the projection period. Multispectral imaging can detect bombs, detect enemy activity at night, determine the depth of underground bunkers, and measure radiation that is particular to an object and does not rely on an external light source.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increased demand for airborne optronics in the defence sector from APAC nations like India and China, technological developments, and expanding defence and military budgets in countries in the area.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the quick development of technologically sophisticated optronics systems, rising expenditure in defence and aerospace R&D, and increasing number of aircraft orders and deliveries. Additionally, the region's market is anticipated to experience revenue growth thanks to the strong presence of key manufacturers and the growing use of airborne optronics in the US. Due to better availability of Optronics Technology, orders for aeroplanes with integrated optics are rising significantly. The majority of the top market participants worldwide are situated in America, and they are constantly improving their offerings to broaden consumer acceptance.

Key players in the market

Some of the key players profiled in the Airborne Optronics Market include Collins Aerospace, Israel Aerospace Industries, Lockheed Martin Corporation, Thales SA, Elbit Systems, L3Harris Technologies Inc., Flir Systems, Inc., Leonardo Spa, Stark Aerospace, Inc., Headwall Photonics, Inc., Northrop Grumman, Safran S.A., Inc., Bae Systems PLC, Kappa Optronics GmbH, Cubert GmbH, Rafael Advanced Defense Systems Ltd. and Excelitas Technologies Corporation.

Key Developments:

In September 2021, Leonardo and Northrop Grumman Corporation announced a partnership to seek potential in the Uncrewed Aerial Systems (UAS) vertical take-off and landing (VTOL) area using Leonardo’s rotorcraft experience and Northrop Grumman’s superior aeronautics and next-generation autonomous uncrewed aerial system capabilities.

In September 2021, Elbit Systems launched ARCAS, a built-in computerized Artificial Intelligence (AI)-powered system that communicates with the rifle’s Electro-Optical (EO) sight, a helmet-mounted eyepiece, and the rifle’s components to provide soldiers with real-time intuitive actionable battle intelligence.

In April 2021, Safran Electronics & Defense signed an agreement with Dassault Aviation to supply new generation Euroflir 410 optronic systems for two aircraft as a part of French navy’s program to upgrade its maritime surveillance and intervention aircraft.

Aircraft Types Covered:
• Fixed Wing
• Rotary Wing
• Unmanned Aerial Vehicles
• Other Aircraft Types

Systems Covered:
• Countermeasure Systems
• Targeting Systems
• Reconnaissance Systems
• Navigation & Guidance Systems
• Special Mission Systems
• Search & Track, Surveillance Systems
• Warning/Detection Systems
• Other Systems

Technologies Covered:
• Hyperspectral
• Multispectral
• Other Technologies

End Users Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements