Global Airborne Sensors Market

Global Airborne Sensors Market Size, Share, Growth Analysis, By Type(Non-scanning, and Scanning Airborne Sensors), By Application(Defense Aircraft, Commercial Aircraft) - Industry Forecast 2024-2031

Report ID: SQMIG45A2252 | Region: Global | Published Date: April, 2024
Pages: 196 | Tables: 62 | Figures: 71

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FAQs

Global Airborne Sensors Market size was valued at USD 9.69 Billion in 2022 and is poised to grow from USD 10.2 Billion in 2023 to USD 15.42 Billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

The competitive environment of the Global Airborne Sensors Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'HEXAGON', 'Thales Group', 'Raytheon Technologies', 'Lockheed Martin Corporation', 'Information Systems Laboratories (ISL)', 'Teledyne Optech', 'General Dynamics Corporation', 'Honeywell International Inc.', 'ITT INC.', 'AVT Airborne Sensing GmbH', 'Northrop Grumman Corporation', 'BAE Systems plc.', 'L3Harris Technologies Inc.', 'Safran SA', 'Collins Aerospace', 'Elbit Systems Ltd.'

Increasing terrorist activities are expected to fuel the global airborne sensors market growth going forward. Terrorism includes crime or violence committed by individuals or groups of people associated with a terrorist organization. Terrorist activities are driving the demand for airborne sensors to be used for defense purposes to protect borders from terrorist organization. According to the Global Terrorism Index (GTI), a report published annually by the Sydney-based Institute for Economic and Peacekeeping (IEP), the number of global terrorist attacks rose to 5,226 by 2021. Hence the range of terrorist activities that top of the global airborne sensors market.

New High-resolution Product Innovation: Key companies operating in the global airborne sensors market are focusing on technologically advanced product innovations to gain a competitive edge in the market, such as high-resolution aerial sensors. Ultra-high resolution (UHR) airborne sensors are cameras that capture images at exceptional depths, allowing them to detect tiny objects on the Earth’s surface. 65R revolutionized aerial capture by drones, providing seamless integration without compromising image quality. This new sensor expands mapping capabilities and enhances aerial imagery, providing industry accuracy and quality for aerial imagery It has a 65MP resolution that captures dynamic images, enabling unmanned aerial vehicle (UAV) missions to be handled much better, speeding up processes and improving efficiency.

Asia Pacific airborne sensors market is expected to expand rapidly. The development of airborne sensors is highly lucrative in this region due to military infrastructure in Asian countries such as China, Japan, India etc. These are major factors expected for Asia-Pacific airborne sensors market is one of the fastest growing. For example, the Israeli government defense and aviation company Elbit Systems Ltd. has a 100,000-square-foot system. said in October 2020 that it won a $153 million contract to supply 1,000 unmanned aerial vehicles (UAVs) to the Southeast Asian country for such operations. The innovations that will also be marketed have achieved significant expansion, which will ultimately support the market in Asia-Pacific.

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