Airborne Optronics Market
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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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[373 Pages Report] 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.
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COVID-19 Impact on the Global Airborne Optronics Market
The airborne optronics market includes major players Northrop Grumman Corporation (US), Thales
SA (France), Safran (France), FLIR Systems, Inc. (US), and Elbit Systems Ltd. (Israel). These players
have spread their business across various countries includes North America, Europe, Asia Pacific,
Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry
experts believe that COVID-19 could affect airborne optronics production and services by 7–10%
globally in 2020.
The COVID-19 pandemic has impacted the end-use industries adversely, resulting in a sudden dip in
2020 aircraft orders and deliveries. This is expected to negatively impact the aircraft market in the
short term, with slow recovery expected in Q1 of 2021.
Airborne Optronics Market Dynamics
Driver: Modernization and technological advancements
Major regions across the globe are witnessing a technological transformation and undergoing
modernization. The increasing types of attacks make the use of imagery in decision-making
processes crucial, which, in turn, drives the use of e