Airborne Optronics Market 2020: Top Key Players Profile and Forecast to 2025Posted by Amrut Mahajani on February 7th, 2023  The Global Airborne Optronics Market is expected to reach USD 2.5 billion by 2025, growing at a CAGR of 12.7% during the forecast period. The market is driven by various factors such as the growing fleet of commercial and combat aircraft, increased deployment of electro-optics in unmanned vehicles, and technological advancements. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45924401 However, the COVID-19 pandemic has impacted the end-use industries and the airborne optronics market, with industry experts estimating a 7-10% decrease in production and services globally in 2020. The decrease in aircraft orders and deliveries is expected to negatively impact the market in the short term, with a slow recovery expected in Q1 of 2021. The modernization and technological advancements in the field of imaging sensors and nanotechnology are driving the development of highly capable electro-optic systems for use in a wide range of applications, including surveillance and gunshot detection. The emergence of urban air mobility platforms is also expected to boost the market, with the urban air mobility market estimated to grow from USD 2,576 million to USD 4,900 million from 2020 to 2025. However, the inefficiency of electro-optic sensors in extreme weather conditions remains a challenge. The surveillance system segment is expected to be the largest market by value, driven by the increasing utilization of UAVs in the military sector. The multispectral segment is projected to have the highest CAGR during the forecast period. Some of the key players in the market include Northrop Grumman Corporation, Thales SA, Safran, FLIR Systems, and Elbit Systems Ltd. These players have spread their business across North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. Our Other Publications: Active Protection System Market by End User (Defense, Homeland Security), Platform (Ground, Marine, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027 Software Defined Radio Market by Platform (Airborne, Maritime, Land, Space), Application (Government & Defense, Commercial), Component (Hardware, Software), Type, Frequency (Single Band, Multi-Band), and Region - Global Forecast to 2027 Aviation Fuel Market by Fuel Type (Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel- Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle) & Region- Global Forecast to 2030 Contact: Like it? Share it! More by this author |