The global airborne optronics market size reached USD 1.74 Billion in 2021 and is expected to register a revenue CAGR of 12.4% during the forecast period, according to the latest analysis by Emergen Research. Growing adoption of electro-optics in unmanned vehicles is the key factor driving market revenue growth.
Some of the key factors driving the growth of the global Airborne Optronics market include expanding R&D efforts to develop novel Airborne Optronics products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market’s dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Airborne Optronics
The COVID-19 pandemic had a significant negative influence on the market for Airborne Optronics in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Airborne Optronics were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Airborne Optronics in 2020. Additionally, demand for Airborne Optronics decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Airborne Optronics market : Competitive Landscape
The prominent players operating in the Airborne Optronics market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Airborne Optronics market .
Some of the prominent players operating in the market are:
Thales, Northrop Grumman, Safran, Elbit Systems Ltd, Leonardo S.p.A, Collins Aerospace, Hensoldt Inc., Lockheed Martin Corporation, L3Harris Technologies, Inc., and Excelitas Technologies Corp
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Airborne Optronics market ?
What are the key factors driving the Global Airborne Optronics market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Airborne Optronics market ?
Who are the distributors, traders, and dealers of Airborne Optronics market ?
What are the Airborne Optronics market opportunities and threats faced by the vendors in the Global Airborne Optronics industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
- Technology Outlook (Revenue, USD Billion; 2019-2032)
- Multispectral
- Hyperspectral
- System Outlook (Revenue, USD Billion; 2019-2032)
- Reconnaissance Systems
- Targeting Systems
- Warning/Detection Systems
- Search & Track Systems
- Surveillance Systems
- Navigation & Guidance Systems
- Special Mission Systems
- Countermeasure Systems
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Commercial
- Space
- Military
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Regional Bifurcation of the Airborne Optronics market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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