The global airborne optronics market size is projected to grow from USD 1.4 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 12.7% from 2020 to 2025. The market is driven by various factors, such as growing fleet of commercial and combat aircraft and increased deployment of electro-optics in unmanned vehicles.
Northrop Grumman Corporation (US), Thales SA (France), Safran (France), FLIR Systems, Inc. (US), and Elbit Systems Ltd. (Israel), among others, are some of the leading players operating in the airborne optronics market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the airborne optronics market.
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Northrop Grumman Corporation (Northrop Grumman) designs, develops, builds, and supports some of the world’s most advanced products, such as cutting-edge aircraft, next-generation spacecraft, unrivaled cybersecurity systems, and all-seeing radars. The company operates through four business segments, namely, Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services. The Mission Systems segment is involved in sensors and processing capabilities that deliver products, systems and services that support ground-based and fixed wing and rotary wing aircraft platforms with radar, electronic warfare, C2, Signals Intelligence (SIGINT), and situational awareness mission systems. This business segment also displays competencies include targeting, surveillance, air defense, and early warning & control radar systems; EO/IR and radio frequency (RF) self-protection, targeting and surveillance systems; electronic attack and electronic support systems; communications and intelligence systems; digitized cockpits; and multi-sensor processing.
Thales is a global organization with operations in all continents serving five major markets: aerospace, space, ground transportation, defense and security, and digital security. Thales designs and manufactures components and systems for day and night surveillance, reconnaissance, protection, threat detection, and target acquisition on all types of land, sea (surface and subsurface), or air platforms for defense and security customers worldwide. Thales’s expertise in optics also applies to the civilian markets of high-end optics for the film industry and ultra-high-power laser for scientific and industrial applications. In Airborne Optronics, the company designs, develops, produces, and supports airborne sensors and systems for manned and unmanned aircraft.
FLIR is an established company in developing technologies that enhance perception and awareness. It designs, develops, markets, and distributes solutions that detect people, objects, and substances that may not be perceived by human senses. FLIR technologies include thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and advanced threat-detection solutions. The Defense Technologies segment of the company provides enhanced sensing and decision-support solutions to a wide variety of military, law enforcement, public safety, and other government customers around the world for the protection of borders, troops, and public welfare. The Defense Technologies segment also develops and manufactures sensors, instruments, and integrated platform solutions for the detection, identification, and suppression of chemical, biological, radiological, nuclear, and explosive threats for military force protection, homeland security, and commercial applications.
Airborne Optronics Market by End Use, System, Technology (Hyperspectral, Multispectral), Application (Commercial, Military, Space), Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles) and Region - Forecast to 2025
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