Global Airborne Sensors Market

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

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

Airborne Sensors Market News

  • March 2023: Digital managed network solutions and products for carriers’ B2B services announced by Steven Zhao, Vice president of Huawei’s data and communications product line This will help carriers take advantage of digital transformation potential and drive further growth. These solutions provide digital capabilities over networks and differentiated features, helping carriers transition from ISP to MSP.
  • May 2023: Windstream Enterprise, a leading IT managed network, security and networking provider announces the addition of Fortinet-based LAN services to its managed services division Windstream Enterprise clients now have unprecedented access easy network integration, better network performance and easier management – all from one solution stack. Customers can access secure Wi-Fi access managed in the cloud, Ethernet switches, and analytics services through Windstream Enterprise's LAN services.
  • In September 2022, Parker Hannifin Corporation, a U.S. manufacturing and technology management firm acquired Meggitt Plc for $6.79 billion (about $21 per person in the US). With this acquisition, Parker Hannifin Corporation aims to expand its portfolio, to offer a wider range of solutions for aircraft and aircraft engine systems Meggitt Plc is a UK-based airline supplier of in-flight sensors.
  • In November 2022, Sentera, based in the U.S. provider of drones for agriculture announced the 65R. 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.
  • In September 2022, Switzerland-based company Leica Geosystems launches the Leica DMC-4, an airborne imaging sensor for mapping complex areas that provides survey and geometric objects and systems The sensor is a metal oxide support with forward mechanical control (FMC). Use the semiconductor (CMOS) technology based MFC150 camera module to deliver unmatched image quality.
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FAQs

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 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 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 Terrorism Index (GTI), a report published annually by the Sydney-based Institute for Economic and Peacekeeping (IEP), the number of terrorist attacks rose to 5,226 by 2021. Hence the range of terrorist activities that top of the airborne sensors market.

New High-resolution Product Innovation: Key companies operating in the 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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Global Airborne Sensors Market

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