According to a market report by Lucintel, the future of the global airborne optronic market looks promising with opportunities in the OEM and aftermarket markets. The global airborne optronic market is expected to reach an estimated $4.7 billion by 2030 with a CAGR of 12.2% from 2024 to 2030. The major drivers for this market are rapidly growing demand to expand commercial and military aircraft fleets, technological developments in aircraft and flight management systems in the aerospace sector, and increasing usage of electro-optics technologies in combat aircraft and unmanned vehicles.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in airborne optronic market to 2030 by technology (hyperspectral and multispectral), aircraft type (fixed wing, rotary wing, urban air mobility, and unmanned aerial vehicles), end use (OEM, aftermarket, and others), application (commercial, military, space, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, commercial, military, and space are the major segments of airborne optronic market by application. Lucintel forecasts that commercial is expected to witness highest growth over the forecast period due to increase usage in the range of commercial operations, including preventive maintenance, rapid emergency response, facility surveys, security, and land surveys.
Within this market, OEM will remain the larger segment over the forecast period due to their responsibility for installation of optronics in an aircraft during the assembly stage and then making it available for delivery to aircraft manufacturers.
North America is expected to witness highest growth over the forecast period due to quick development of highly sophisticated optronics systems, increased defense, as well as, aerospace R&D spending, and an increase in the number of aircraft deliveries and orders in this region.
Northrop Grumman, Thales, Safran, FLIR Systems, and ELBIT Systems are the major suppliers in the airborne optronic market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]