USD 9.69 Billion
Report ID:
SQMIG45A2252 |
Region:
Global |
Published Date: April, 2024
Pages:
196
|Tables:
62
|Figures:
71
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).
Sensors and sensors mounted on aircraft to capture images of the Earth's surface. These sensors have a wide range of applications, including defense, agriculture, forestry, environment, mining, mapping & surveying, infrastructure & urbanization, and many more. Furthermore, airborne sensors can be used of ahu 20cm. Alternatively, images with lower spatial resolution can be obtained. Airborne sensors are used in airplanes, UAS (Umanned Aerial Systems), helicopters, gliders and free-floating balloons.
The significant growth in the global market is primarily due to the rising threat of international terrorism. In addition, increased defense and military budgets to ensure national security in developing and developed countries are expected to drive demand for, and potentially provide, advanced airborne sensor solutions market has developed in the coming years.
The global industry is expanding rapidly due to technological advancements and increasing investments in R&D. For example, Thales Group announced the delivery of the I-Master airborne surveillance radar in August 2020. The radar has a land and sea range target detection mode that can track land to and from ships and comes with being the ideal type for monitoring in coastal areas. Such product developments and innovations may provide lucrative opportunities for the global airborne sensors market in the coming years.
Global Market Size
USD 9.69 Billion
Largest Segment
Defense
Fastest Growth
Commercial
Growth Rate
5.3% CAGR
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The global airborne sensors market is segmented by type, application, and region. By type, the market has been divided into non-scanning and scanning airborne sensors. By application, the analysis has been divided into defense aircraft, commercial aircraft, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Application
Increasing adoption of aircraft sensors in the defense sector is driving the global airborne sensors market significantly. Thus, the defense sector is the dominant and one of the key reasons supporting the exponential growth of the airborne sensor market is the proliferation of UAVs. Countries around the world are investing in UAVs to improve surveillance. Countries are also adding new fighter jets or upgrading their existing fighter jets with the latest sensor technologies, which will play an important role in the market growth of the global airborne sensors market. Rapid development of geopolitical developments worldwide, coupled with increasing threat of terrorism, procurement policies of emerging economies, modernization and political instability in some sectors in 2010 will drive demand for military sensors in the global airborne sensors market.
The commercial aircraft is the fastest growing segment in the market. have a variety of monitoring and inspection systems. These sensors include weather radar, terrain systems, and collision avoidance systems (TCAS), which are essential to ensure safe and efficient aircraft operations. These sensors provide pilots with real-time weather information, allowing them to make informed decisions and ensure the safety of passengers. Commercial aircraft equipped with sensors contribute to environmental monitoring efforts by collecting data on weather, air quality, and greenhouse gas emissions. That data is valuable for climate research, pollution control and environmental policy.
Analysis by Type
Non-scanning is the dominating segment in the market. Non-scanning atmospheric sensors are passive sensors, and an aircraft survey camera such as the Russian Kosmos satellite is an example of a non-scanning atmospheric sensor. Furthermore, non-scanning atmospheric sensors detect vibration, temperature, wind, and so on. or you can collect the target data through signaling and other communication events. Many companies are working on airborne sensors around the world.
Scanning is the fastest growing segment in the market. Scanning airborne sensors, such as multispectral and ultra spectral imagers, LiDAR systems, and synthetic aperture radar (SAR) are widely used in remote sensing and imaging applications. These sensors capture high-resolution data over large areas, enabling landscape, vegetation, comprehensive soil survey services and infrastructure. Scanning airborne sensors are essential for environmental monitoring and analysis. They facilitate the collection of biological, biological, hydrological and natural hazard data. This information is helpful in environmental policy, conservation efforts, and disaster management planning.
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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.
North America is expected to lead the market from 2024 to 2031. The development of global airborne sensors market in this region. It is expected that the U.S. will boost the growth of North America region in the global airborne sensors market during the forecast period, as easy availability of various new technologies, huge investments by manufacturers in the country to develop advanced health monitoring and combat sensors. For example, in March 2021, Honeywell International was awarded a fixed price and cost research contract to integrate Advanced Battle Management Systems (ABMS) with a wide range of sensors and sensing modalities.
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Drivers
Rise in Terrorist Threats
Increase in Security Costs
Restraints
High Cost of Small-scale Applications and Inefficiency during Severe Weather Conditions
Technical and Integration Challenges
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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.
Top Player’s Company Profiles
Recent Developments
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The increasing use of unmanned aerial vehicles (UAVs) commonly known as drones has been the revolution in the global airborne sensors market. Equipped with different types of sensors, UAVs serve a wide range of purposes ranging from surveying, surveying to environmental monitoring and infrastructure monitoring along with thermal image sensors, are commonly used in UAV- are integrated in networks, providing a cost-effective and flexible solution data acquisition. LiDAR is important for the development of high-resolution spatial elevation models used in landscape mapping, flood analysis, and forestry applications. The advantages of UAVs include the ability to access difficult or hazardous areas, better coverage of larger areas, and lower operating costs compared to conventional manned aircraft UAVs operate at the variety of locations and accessibility makes them desirable for different applications, increasing the integration of airborne sensors at these interfaces.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 9.69 Billion |
Market size value in 2031 | USD 15.42 Billion |
Growth Rate | 5.3% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Airborne Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Airborne Sensors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Airborne Sensors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Airborne Sensors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG45A2252
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