The “Airborne Sensors Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Airborne Sensors Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global airborne sensors market size was US$ 9.2 billion in 2021. The global airborne sensors market size is forecast to reach US$ 14.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2022 to 2030.
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Sensors that are installed on aircraft and used to take pictures of the Earth’s surface are called airborne sensors. Defense, agriculture, forestry, the environment, mining, mapping and surveying, infrastructure, and urbanization are just a few of the many industries in which these sensors are used. Furthermore, airborne sensors allow the acquisition of images with a spatial resolution of no more than 20 cm. Planes, UAS (Unmanned Aerial Systems), helicopters, high-altitude aircraft, and free-floating balloons all use airborne sensors.
Factors Influencing Market Growth
The increasing international terrorism threats drive the global market.
The growing defense & military budgets to secure national security in both developing and developed countries boost global market growth.
The growing technological improvements and rising R&D investment boost the global market growth.
The increasing use of airborne sensors in different commercial sectors, including construction, mining, power supply, and agriculture for crop monitoring is forecast to offer lucrative opportunities for the global market.
The increased airborne sensor deployment cost may slow down the overall industry growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed lockdowns in order to curb the virus from spreading. The prohibition on import-export transactions affected the supply chain, production, R&D activities, and investments. These elements had an effect on the market for airborne sensors’ revenue. In order to focus resources on combating the pandemic, many nations also cut their budgets for military and defense spending. In addition, expenditures for the defense industry were reduced due to economic uncertainties. This had a negative effect on the growth of the airborne sensors market.
Regional Insights
North America dominated the market in 2021 and is forecast to remain dominant during the forecast period. As a result of the increase in public spending on imaging software and integration of smart sensing technologies by major tech companies such as Uber and Tesla for the expansion of self-driving cars in the region.
Europe is forecast to have the highest market CAGR growth during the forecast period. As a result of the rising use of fixed-wing aircraft for air travel drive the region’s market forward. In addition, European airborne sensor companies are pursuing strategic collaborations to gain a dominant market position and advance technological innovation.
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Leading Competitors
The leading prominent companies profiled in the global airborne sensors market are:
Hexagon
Thales Group
Raytheon Technologies
Lockheed Martin Corporation
Information systems laboratories
Teledyne Optech
General Dynamics Corporation
Honeywell International Inc.
ITT Inc.
AVT Airborne Sensing GmbH
Other Prominent Players
Scope of the Report
The global airborne sensors market segmentation focuses on Type, Application, and Region.
Segmentation based on Type
Non-Scanning
Scanning
Segmentation based on Application
Defense Aircraft
Commercial Aircraft
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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