/PRNewswire/ The "Airborne Optronics Global Market Report 2022: Ukraine-Russia War Impact" report has been added to ResearchAndMarkets.com s offering. The.
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The global airborne optronics market size is projected to grow from USD 1.4 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 12.7% from 2020 to 2025.
The market is driven by various factors, such as a growing fleet of commercial and combat aircraft and increased deployment of electro-optics in unmanned vehicles.
The airborne optronics market includes major players Northrop Grumman Corporation (US), Thales SA (France), Safran (France), FLIR Systems, Inc. (US), and Elbit Systems Ltd. (Israel). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect airborne optronics production and services by 7-10% globally in 2020.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Aircraft Video Surveillance Market Forecast to 2027 - COVID-19 Impact and Analysis - ResearchAndMarkets.com
April 9, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 9, 2021
According to this report the market was valued at US$ 472.75 million in 2019 and is projected to reach US$ 630.52 million by 2027; it is expected to grow at a CAGR of 4.9% from 2020 to 2027. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
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The growth of the aircraft video surveillance market is mainly attributed to increasing investments in the commercial aircraft sector from developed as well as developing nations. Aircraft video surveillance provides enhanced security for passenger and crew; thus, it has major adoption in commercial aircraft fleet. On the back of immense growth in the aircraft technology, each country would witne