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Airborne Optronics Market Share

Report ID: GMI10611 Published Date: August 2024Report Format: PDF
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Airborne Optronics Market Share

Northrop Grumman Corporation, BAE Systems plc, Thales Group, Lockheed Martin Corporation, L3Harris Technologies, Inc., Elbit Systems Ltd., and Raytheon Technologies Corporation dominate the market with their expertise and innovations. These companies lead in developing and integrating advanced sensors, imaging technologies, and AI-driven capabilities into airborne optronics systems. Northrop Grumman focuses on enhancing situational awareness and precision targeting across various platforms. Recently, they announced a new multi-sensor optronics suite for next-generation UAVs. BAE Systems excels in defense optronics solutions and recently unveiled an infrared imaging system for low-visibility conditions. Thales Group offers comprehensive sensor and imaging systems for military and commercial applications, recently securing a contract for a major European defense program. Lockheed Martin integrates optronics into its defense systems, emphasizing precision guidance and surveillance. They recently partnered with an AI firm to enhance real-time data processing in their optronics systems.

L3Harris Technologies combines optronics expertise with digital innovation, focusing on AI integration and advanced sensor technologies. They recently introduced AI-driven optronics systems to improve target acquisition and tracking accuracy. Elbit Systems is known for integrated optronics solutions for military and homeland security, recently launching a new airborne optronics system with enhanced multi-spectral imaging. Raytheon Technologies integrates optronics into its defense systems for precision guidance and surveillance, meeting modern defense needs. They recently tested an airborne optronics system featuring advanced AI-driven analytics for improved situational awareness. Together, these companies drive the evolution of airborne optronics, pushing the boundaries of capability and reliability to maintain global leadership in the sector.

Airborne Optronics Market Companies

Major players operating in the airborne optronics industry are:

  • Northrop Grumman Corporation
  • BAE Systems plc
  • Thales Group
  • Lockheed Martin Corporation
  • L3Harris Technologies, Inc.
  • Elbit Systems Ltd.
  • Raytheon Technologies Corporation
Author: Suraj Gujar, Sandeep Ugale
Frequently Asked Question(FAQ) :

Why is the demand for airborne optronics rising in military?+

The military segment in the airborne optronics market held 66% revenue share in 2023 driven by strong emphasis on enhancing situational awareness, target acquisition, and reconnaissance capabilities.

What is the size of the airborne optronics market?+

Global industry size for airborne optronics was valued at USD 2.23 billion in 2023 and is anticipated to register over 13.4% CAGR between 2024 and 2032 due to the technological advancements in sensor integration.

How big is the North America airborne optronics industry?+

North America market held 30% share in 2023 due to the substantial defense expenditures and technological advancements.

Who are the leading airborne optronics industry players?+

Northrop Grumman Corporation, BAE Systems plc, Thales Group, Lockheed Martin Corporation, L3Harris Technologies, Inc., Elbit Systems Ltd., and Raytheon Technologies Corporation.

Airborne Optronics Market Scope

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