PUBLISHER: Allied Market Research | PRODUCT CODE: 1472362
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472362
Airborne Optronics Market By System(Reconnaissance System, Targeting System, Search and Track System, Surveillance System, Warning/Detection System, Countermeasure System, Navigation and Guidance System, and Special Mission System), Technology (Multispectral, and Hyperspectral), Application (Commercial, Military, and Space), Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, and Unmanned Aerial Vehicles), and End Use (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2023-2032.
Airborne optronics technology integrates optical and electronic systems to enhance airborne surveillance, navigation, and targeting capabilities in military helicopters, aircraft, satellites, and drones. These systems offer advanced functionalities like surveillance, reconnaissance, target acquisition, aerial imaging, and navigation by leveraging light, imaging sensors, and electro-optical devices. They significantly improve situational awareness, intelligence gathering, and operational effectiveness in various military and commercial applications.
Furthermore, optronics systems are increasingly integrating machine learning and artificial intelligence (AI) techniques, revolutionizing data processing and analysis. These advanced computational methods enhance target tracking, object identification, and decision-making by facilitating AI-driven image analysis and data fusion from multiple sensors, thereby significantly improving situational awareness.
Precise targeting capabilities are crucial for effectively engaging targets while minimizing collateral damage and ensuring mission success. Airborne optronics targeting systems, including laser rangefinders, target designators, and advanced optics, are pivotal in providing accurate target acquisition and tracking. The demand for these systems is propelled by the procurement of new aircraft platforms and the upgrading of existing fleets with enhanced targeting capabilities.
Moreover, major companies working in the airborne optronics industry are working together to develop advanced airborne optronics for UAVs. For instance, in November 2022, Safran Electronics & Defense, a Safran SA company, signed a contract with Leonardo S.p.A. to develop and deliver the Euroflir 610 airborne electro-optical system for the Eurodrone program. Based on the Euroflir 410 design, the Euroflir 610 plays a critical role in European MALE UAV's ISTAR missions (intelligence, surveillance, target acquisition and reconnaissance), offering exceptional observation and target designation capabilities in various environmental conditions, supported by advanced features like multispectral telescope and precise target geolocation.
Factors such as surge in adoption of unmanned aerial vehicles (UAVs), increased focus on intelligence, surveillance, and reconnaissance (ISR), and surge in defense budgets and spending globally are driving the growth of the airborne optronics market across the globe. However, high costs associated with the development, and complex installation and maintenance of the equipment act as barriers to the growth of the market. Furthermore, development of multispectral and hyperspectral sensors and integration of artificial intelligence (AI) and machine learning to create ample opportunities for the growth of the market during the forecast period.
The airborne optronics market has witnessed substantial growth in recent years, driven by the increasing demand for advanced situational awareness, intelligence, surveillance, and reconnaissance (ISR) capabilities in both military and commercial applications. This market encompasses a wide range of electro-optical and infrared (EO/IR) systems, laser systems, and associated technologies that are integrated into various aerospace platforms, including aircraft, unmanned aerial vehicles (UAVs), and satellites.
Moreover, airborne optronics providers received contracts from aviation companies to install advanced airborne optronics on aircraft. For instance, in April 2021, Safran Electronics & Defense, a Safran SA subsidiary, signed a contract with Dassault Aviation to supply advanced Euroflir 410 optronic systems for two distinct Falcon-based aircraft, a variant of the Falcon 2000LXS, and eight Falcon 50M Triton models undergoing upgrades for the French navy's initiative to modernize its maritime surveillance and intervention aircraft. These new-generation Euroflir 410 optronic systems empower France's Maritime Surveillance & Intervention Patrol (PATSIMAR) to bolster its covert very-high-altitude observation capabilities and execute maritime search & rescue or zone surveillance missions, even in harsh conditions.
The airborne optronics market is segmented on the basis of system, technology, application, aircraft type, end use and region. By system, it is divided into reconnaissance system, targeting system, search and track system, surveillance system, warning/detection system, countermeasure system, navigation and guidance system, and special mission system. By technology, the market is classified into multispectral, and hyperspectral. By application, the market is classified into commercial, military, and space. By aircraft type, it is divided into fixed wing, rotary wing, urban air mobility, and unmanned aerial vehicles. By end use, it is bifurcated into OEM, and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific Latin America, and Middle East and Africa.
The leading companies profiled in the report include Northrop Grumman Corporation, Thales SA, Safran SA? Teledyne FLIR LLC, Elbit Systems Ltd., Leonardo S.p.A., Lockheed Martin Corporation., Hensoldt AG, Collins Aerospace, and L3Harris Technologies, Inc.
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