What Has Been the Growth Trajectory for the Airborne Sensors Market in Recent Years?
The airborne sensors market has seen considerable growth due to a variety of factors.
• The market size for airborne sensors has seen significant growth in the last few years. It is predicted to rise from $10.57 billion in 2024 to $11.34 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. Several factors have contributed to this growth during the historic period, including the integration of autonomous vehicles, advancements in air traffic management, the incorporation of commercial Unmanned Aerial Vehicles (UAVs), advancements in hyperspectral imaging, and demand from the military and defense sectors.
What Is The Expected Growth In The Airborne Sensors Market Size?
The Airborne Sensors market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for airborne sensors is projected to experience robust growth in the coming years. The market is predicted to elevate to a value of $15.11 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%.
The expansion during the forecast period is likely due to improvements in commercial aviation safety, requirements for infrastructure monitoring, progress in autonomous vehicles, uses in healthcare and medical transportation, and an increase in space exploration. The key trends for the predicted period involve an escalating demand for remote sensing, the incorporation of IoT and AI, the shrinking size of sensors, needs in defense and security, and the use in precision agriculture.
What Main Forces Are Fueling Expansion In The Airborne Sensors Market?
The surge in terrorist activities is predicted to fuel the expansion of the airborne sensors market. These activities, characterized by unlawful or violent actions carried out by an individual or group affiliated with a terrorist organization, are creating a demand for the advancement of airborne sensors for defense applications to safeguard boundaries against terrorist groups. For example, in March 2023, ReliefWeb, a US-based specialized digital service of the UN Office for the Coordination of Humanitarian Affairs (OCHA), reported that the average number of fatalities per terrorist attack increased from 1.3 in 2021 to 1.7 in 2022. This was the first time the fatality rate has gone up in the past five years. As a result, a rise in terrorist activities is anticipated to stimulate the progression of the airborne sensors market.
What Are The Primary Segments In The Global Airborne Sensors Market?
The airborne sensors market covered in this report is segmented –
1) By Type: Non-Scanning, Scanning
2) By Component: Hardware, Software
3) By Application: Defense Aircraft, Commercial Aircraft, Other Application
Subsegments:
1) By Non-Scanning Sensors: Electro-Optical Sensors, Infrared Sensors, Multi-Spectral Sensors
2) By Scanning Sensors: Synthetic Aperture Radar (SAR), Imaging Radar, Lidar Sensors
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Which Key Trends Are Driving Changes In The Airborne Sensors Market?
Product advancements remain a dominant trend fuelling growth in the airborne sensors marketplace. To maintain their competitiveness, leading companies in this industry are focusing on the creation of cutting-edge offerings. A case in point is the Leica Geosystems, a Swiss corporation recognized for its surveying and geographical measurement systems and products. In September 2022, they introduced the Leica DMC-4, an airborne imagery sensor designed for intricate mapping environments. This sensor prides itself on delivering unparalleled image clarity, made possible by the use of CMOS technology-based MFC150 camera module equipped with a mechanical forward-motion-compensation (FMC).
Who Are the Key Players In The Airborne Sensors Market?
Major companies operating in the airborne sensors market include:
• Hexagon AB
• Thales Group
• Raytheon Technologies Corp.
• Lockheed Martin Corporation
• information systems laboratories
• Teledyne Geospatial
• General Dynamics Corporation
• Honeywell International Inc.
• ITT Inc.
• AVT Airborne Sensing GmbH
• Northrop Grumman Corporation
• L3Harris Technologies Inc.
• Conax Technologies
• Meggitt PLC
• Curtiss-Wright Corporation
• Ametek Inc.
• Safran SA
• General Electric Co.
• Airbus SE
• BAE Systems PLC
• Optasense
• Rolta India Ltd.
What Is The Most Dominant Region In The Airborne Sensors Market?
Europe was the largest region in the airborne sensors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airborne sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
