Airborne Sensor Market Report
Airborne Sensor Market by Type (Non-Scanning and Scanning), Application (Defense Aircraft, Commercial Aircraft, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019-2027
The global airborne sensor market forecast is predicted to be $12,086.9 million by 2027, increasing from $8,500.0 million in 2019 at a healthy CAGR of 4.6%. The Asia-Pacific airborne sensor market is estimated to grow at a CAGR of 5.2% by registering a revenue of $3,035.0 million by 2027. Strategic collaborations among the market players along with the launch of various advanced airborne sensors are expected to accelerate the Asia-Pacific airborne sensor market growth.
Airborne Sensor Market Analysis:
Airborne sensor is a type of operator that can gather information from airborne sensor platform; it can be manned or unmanned. It is mostly used for military, public safety, academic and commercial remote sensing purposes.
Impact Analysis of COVID-19 on the Airborne Sensor Market
The global airborne sensor market is predicted to witness a slow growth compared to previous years during the outbreak of the COVID-19 pandemic, owing to the disturbance of supply chains and shutdown of factories. The government as well as companies undertook initiatives to beat or minimize the effect of the pandemic on the economy. For instance, U.S. military announced on November 2020, that they are working on airborne sensors that can detect pathogens and viruses such as COVID-19 in minutes or seconds. The name of the project is SenSARS project and the main aim of the project is to develop a sensor that can monitor the SARS-CoV-2 virus in the air for public health safety. All these factors are expected to accelerate the growth of the market in the forecast period and new developments in upcoming years.
There were several companies that were completely operational during the pandemic. For instance, in May 2020, Hexagon announced that they are completely operational during the coronavirus pandemic and their HxGN Content Program is helping the U.S. government & other NGOs for monitoring the COVID-19 outbreak by providing aerial images that can be used in geo-information, data products, create maps and viewing the objects on street level. Thus, demand for airborne sensor is expected to rise in the upcoming years. These key factors may generate investment opportunities in the airborne sensor market.
Increasing demand for airborne sensors in the defense sector has fueled the growth of the market
The airborne sensor industry will be witnessing a massive growth mainly because of the increase in adoption of airborne sensors in the defense sector. Airborne sensors can support surveillance, intelligence, and reconnaissance collection operations in military missions. Moreover, increase in terrorist attacks across various countries is expected to boost the market for airborne sensors. For instance, according to the estimations of the Stockholm International Peace Research Institute (SIPRI), the U.S has increased investment on defense sector by approximately 6.6%, and China’s investment has also surged by 6.6% in 2019 as compared to 2018. These factors will accelerate the demand for innovative solutions for military and defense sectors, which may drive the global airborne sensor market during the forecast period.
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Regulation by aviation safety agencies may restrain the growth of the global airborne sensor industry
A notable key factor that can restrain the market of airborne sensor globally is the higher cost investment in infrastructure and research & development because there are some technical standards and certification by aviation safety agencies for manufacturing of airborne sensors. Such factors are expected to create a negative impact on the airborne sensor market during the forecast period.
Massively growing presence of airborne sensors in the public domain is anticipated to create attractive opportunities for key players of market
Airborne sensor industry has been proliferating their reach in multiple application areas such as in commercial sectors, construction, mining, power supply, and agriculture for monitoring the crops, pipeline, power line mapping, and geographical survey. Moreover, key and innovative market players in the airborne sensor market are following various effective strategies in order to grow in the international market. For instance, Hexagon announced in January 2020, that they have launched Leica TerrainMapper-2 airborne sensor; it is the latest solution that integrates image capture and LiDAR technology for delivering unmatched point density and even point distribution. It is designed in such a way that it can offer flexibility in all the applications from high altitude applications to narrow-swath corridors and in any type of environment. All such factors will offer huge opportunities in airborne sensor industries in upcoming years.
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Airborne Sensor Market, by Product:
The scanning airborne sensors sub-segment is predicted to generate a revenue of $4,695 million by 2027, mainly because of its enhanced flexibility for the military and security missions
Source: Research Dive Analysis
The global airborne sensor market on the basis of product is segmented into non-scanning and scanning airborne sensor. Scanning airborne sensor is expected to experience a fast growth and it is anticipated to generate a revenue of $4,695 million by 2027, growing from $3,243.1 million in 2019. The growth of the scanning sub-segment is mainly attributed to its wide application in seismic, infrared, x-ray, scanning electron microscopes, sonar, radar, GPS, and LiDAR. Moreover, scanning airborne sensors are active sensors and they can produce high resolution images during night, day and also cloudy day. These key factors are expected to boost the demand for airborne sensors in the global market during the projected period.
Non-scanning airborne sensor type shall have a dominating market share in the global market and is expected to register a revenue of $7,392.3 million in 2027, during the analysis timeframe. Non-scanning airborne sensors are passive sensors and non-scanning airborne sensor is an aerial survey camera such as the Russian COSMOS satellite. Moreover, non-scanning airborne sensors can gather target data information with the help of vibration heat, radiation or other phenomena that transmits a signal. There are many companies across the globe operating in the field for airborne sensors. For instance, Saab AB, a Swedish based defense and military company, launched Sirius GBAD, a type of passive sensors for air defense. It is designed in such a way that it understands the complex environment signals for battlefields and it has advanced multi-sensor network to coordinate the sensor tasking and track the data fusion. These types of company developments and initiatives may create massive opportunities for the sub-segment throughout the forecast period.
Airborne Sensor Market, by Application:
The global defense sub-segment for airborne sensor market will have the fastest and highest growth; this is mainly because it can support surveillance, intelligence, and reconnaissance collection operations in defense.
Source: Research Dive Analysis
The defense sub-segment of the airborne sensor market will have the fastest growth as well as a dominant market share and it is projected to surpass $5,555.2 million by 2027 with CAGR of 4.9% with an increase from $3,804.8 million in 2019. The growth is subjected to key market players that are emerging in the aviation industry and are following new strategies to manufacture airborne sensors for defense use. For instance, Leonardo, an Italian company and key player in Aerospace, Defense and Security now offers various airborne sensor solutions, Radar, IR and EO sensor systems and multiple airborne management systems. Moreover, increasing budget of defense and military sector by government has also increased the demand for airborne sensor in defense sector. For instance, in August 2020, Taiwan government announced that it has increased defense budgeting in upcoming years, as China announced details of its recent combat drills near the democratic island. All the above stated factors and figures demonstrated that the demand for innovative defense solution will increase and further boost the market for airborne sensors.
North America region has a lucrative market, and it may reach up to $3,442.3 million by the end of 2027 mainly because of the presence of industry players and their heavy investments to enhance the application of airborne sensor in defense missions.
Source: Research Dive Analysis
The North America airborne sensor market accounted for $2,573.8 million in 2019 and is projected to register a revenue of $3,442.3 million by 2027. The extensive growth of the North America airborne sensor market is mainly driven by key factors such as heavy investments by market players along with the increasing penetration of unmanned aerial vehicles (UAVs) will increase the demand for next generation airborne sensors in the defense sector in the region. This factor is expected to drive the airborne sensors market of North America region. Also, key players are opting for effective strategies such as strategic collaborations, product launch and many among other to stronghold their presence into local as well as international market. For instance, in March 2020, Meggitt PLC, a multinational company in manufacturing of subsystems and high-performance components for the defense, aerospace and selected energy markets announce that they are in collaboration with GE Aviation for a multi-million project for the supplies of sensors, heat exchange and valves. This project will provide airborne sensors and also expand company’s product portfolio in airborne sensor sector. Such initiatives and companies investing across the region are predicted to positively drive the demand for airborne sensor in the region during the analysis period.
Asia-Pacific airborne sensor market share is projected to grow at a CAGR of 5.2% by registering revenue of $3,035 million by 2027. The region is considered as the most lucrative market for the airborne sensors’ development, owing to modernization of military programs in Asian countries such as Japan, India and China. This is one of the main factors that is expected to propel the growth of the airborne sensor market in the Asia-Pacific region. For instance, in Oct 2020, Elbit Systems Ltd, an Israel-based defense & space company, announced that they have received a contract of $153 million for the delivery of 1,000 drones and other UAVs to a Southeast Asian country. Such type of developments and initiatives will exponentially increase the market growth, which is eventually expected to foster the Asia-Pacific airborne sensors market, in the upcoming years.
Competitive Scenario in the Global Airborne Sensor Market:
The advanced product development coupled with mergers& acquisitions are the frequent strategies followed by the significant market players
Source: Research Dive Analysis
Some of the leading airborne sensor market players are HEXAGON, Thales Group, Raytheon Technologies, Lockheed Martin Corporation, Information Systems Laboratories (ISL), Teledyne Optech, General Dynamics Corporation, Honeywell International Inc., ITT INC. and AVT Airborne Sensing GmbHairborne sensor market players are focusing on merger & acquisition and advanced product developments. These are the effective strategies followed by start-ups as well as established organizations.
Porter’s Five Forces Analysis for Airborne Sensor Market:
- Bargaining Power of Suppliers: The airborne sensor service suppliers are high in number with a large and globalized reach. So, there will be less threat from the supplier. Thus, the bargaining power of the supplier is low.
- Bargaining Power of Buyer: Buyers will have high bargaining power, significantly because of multiple players operating in the airborne sensor services. The airborne sensor provider offers multiple airborne sensors with popular brands at an affordable price. The buyers can freely choose the convenient service that best fits their preferences. Thus, the bargaining power of the buyer is high.
- Threat of New Entrants: The companies that are already in the airborne sensor market are globalized and also they are supported by government in some countries. Thus, threat of the new entrants is low.
- Threat of Substitutes: Customer preference and several substitutes are available in this market like other type of sensors. However, such alternative options can’t offer the kind of accessibility and convenience that airborne sensor does. Thus, the threat of substitutes is low.
- Competitive Rivalry in the Market: The competitive rivalry among the industry leaders is rather intense, especially between the global players including HEXAGON and Thales Group. These companies are launching their value-added services in the international market and strengthening the footprint worldwide. Therefore, the competitive rivalry in the market is high.
Historical Market Estimations
Base Year for Market Estimation
Forecast timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Type
Segmentation by Application
Key Countries Covered
U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Brazil, Saudi Arabia, United Arab Emirates, Rest of LAMEA
Key Companies Profiled
Q1. What is the size of the airborne sensors market?
A. The global airborne sensors market size was over $8,500 million in 2019 and is projected to reach $12,086.9 million by 2027.
Q2. Which are the major companies in the airborne sensors market?
A. HEXAGON and Thales Group are some of the key players in the global airborne sensors market.
Q3. Which region possesses greater investment opportunities in the coming future?
A. The Asia-Pacific region possesses great investment opportunities for the investors to witness the most promising growth in the future.
Q4. What is the growth rate of the Asia-Pacific market?
A. Asia-Pacific airborne sensors market is anticipated to grow at 5.2% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Capacity expansion, product development, along with joint ventures are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. HEXAGON, Thales Group, Raytheon Technologies companies are investing more on R&D activities for developing new products and technologies.
1.2.Real time insights and validation
1.4.Assumptions and forecast parameters
2.2.By Product type trends
2.3.By Application trends
3.1.Market segmentation & definitions
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.8.1.by Product Type
3.8.2.by Application type
3.9.Market value chain analysis
3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.4.Distribution channel analysis
188.8.131.52.Raw material suppliers
4.Airborne Sensor Market, by Product Type
4.1.1.Market size and forecast, by region, 2019-2027
4.1.2.Comparative market share analysis, 2019 & 2027
4.2.1.Market size and forecast, by region, 2019-2027
4.2.2.Comparative market share analysis, 2019 & 2027
5.Airborne Sensor Market, by Application
5.1.1.Market size and forecast, by region, 2019-2027
5.1.2.Comparative market share analysis, 2019 & 2027
5.2.1.Market size and forecast, by region, 2019-2027
5.2.2.Comparative market share analysis, 2019 & 2027
5.3.1.Market size and forecast, by region, 2019-2027
5.3.2.Comparative market share analysis, 2019 & 2027
6.Airborne Sensor Market, by Region
6.1.1.Market size and forecast, by Product type, 2019-2027
6.1.2.Market size and forecast, by Application, 2019-2027
6.1.3.Market size and forecast, by country, 2019-2027
6.1.4.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Product type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Product type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Product type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
6.2.1.Market size and forecast, by Product type, 2019-2027
6.2.2.Market size and forecast, by Application, 2019-2027
6.2.3.Market size and forecast, by country, 2019-2027
6.2.4.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Product type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Product type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Product type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Product type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Product type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
6.2.10.Rest of Europe
184.108.40.206.Market size and forecast, by Product type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
6.3.1.Market size and forecast, by Product type, 2019-2027
6.3.2.Market size and forecast, by Application, 2019-2027
6.3.3.Market size and forecast, by country, 2019-2027
6.3.4.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Product type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Product type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Product type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
6.3.8.Rest of Asia Pacific
184.108.40.206.Market size and forecast, by Product type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
6.4.1.Market size and forecast, by Product type, 2019-2027
6.4.2.Market size and forecast, by Application, 2019-2027
6.4.3.Market size and forecast, by country, 2019-2027
6.4.4.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Product type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Product type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Product type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
7.1.4.Recent strategic moves & developments
7.2.4.Recent strategic moves & developments
7.3.4.Recent strategic moves & developments
7.4.Lockheed Martin Corporation
7.4.4.Recent strategic moves & developments
7.5.4.Recent strategic moves & developments
7.6.4.Recent strategic moves & developments
7.7.General Dynamics Corporation
7.7.4.Recent strategic moves & developments
7.8.Honeywell International Inc.
7.8.4.Recent strategic moves & developments
7.9.4.Recent strategic moves & developments
7.10.AVT Airborne Sensing GmbH
7.10.4.Recent strategic moves & developments
Airborne sensors are a type of operators that can collect information from an airborne sensor platform. These sensors are mostly used for public safety, military, academic, and commercial remote sensing purposes.
Impact of COVID-19 on the Industry
The global airborne sensor market is anticipated to observe slow growth during the COVID-19 pandemic as compared to previous years. This can be majorly attributed to shutting down of factories and disturbance in supply chains owing to lockdown imposed in many parts of the world to prevent the spread of coronavirus. However, governments and companies undertook initiatives to minimize or beat the effect of the pandemic on the economy, which is expected to boost the growth of the global market and generate investment opportunities in the coming future. For instance, in November 2020, the U.S. military announced that they are working on airborne sensors project, namely SenSARS, that can detect pathogens and viruses such as COVID-19 in seconds or minutes.
Key Developments in the Industry
The companies operating in the industry are adopting several growth strategies & business tactics such as mergers & acquisitions, partnerships, collaborations, and product launches to acquire a leading position in the global market, which is predicted to consequently help the airborne sensor market to grow exponentially in upcoming years.
For instance, in January 2018, CyberOptics Corporation, a leading global developer & manufacturer of high precision 3D sensing technology solutions, announced the launch of its next generation Airborne Particle Sensor technology (APS3) 300 mm with new ‘ParticleSpectrum’ software at SEMICON Korea.
In May 2020, Teledyne Optech, a global leader in advanced lidar sensors, entered into an agreement with Aerial Surveys International (ASI) in order to sell a Galaxy T2000. The company focuses on upgrading their existing Galaxy Prime to a Galaxy T2000 and install both lidar sensors in the productivity-doubling ‘G2 Sensor System.’ According to the company, the Galaxy T2000 when combined with the G2 system, is a major leap forward for the airborne survey industry.
In August 2020, Teledyne Optech, the Canada-based advanced Lidar sensors company, has extended its Galaxy line-up to include the ‘CM2000,’ which is a new airborne sensor specifically designed for corridor mapping. The Galaxy CM2000 delivers specific details of fine corridor elements such as conductors and electric wires, railway signs, distribution power poles, and cellular tower antennas. Also, the CM200 sensor has the ability to detect fine changes in the ground.
Forecast Analysis of Global Airborne Sensor Market
The global airborne sensor market is anticipated to observe a noteworthy growth over the forecast period, due to proliferating reach of airborne sensors in multiple application areas such as in defense and commercial sectors, power supply, mining, construction, and agriculture for monitoring the crops, power line mapping, and geographical survey. Conversely, the higher investment in R&D and infrastructure, stringent technical standards and certification by aviation safety agencies for airborne sensor manufacturing are some of the factors expected to restrict the global market growth during the forecast period.
The rise in number of terrorist attacks in various countries and the increasing adoption of airborne sensors in the defense sector are the significant factors estimated to propel the growth of the global airborne sensor market in the projected timeframe. According to a latest report published by Research Dive, the airborne sensor market is expected to garner $12,086.9 million over the forecast period from 2020 to 2027. Geographically, the North America region is estimated to be most profitable in the global industry, owing to increasing penetration of unmanned aerial vehicles (UAVs) and heavy investments by market players in next-generation airborne sensors. The key players functioning in the global market include HEXAGON, Raytheon Technologies, Thales Group, Lockheed Martin Corporation, Teledyne Optech, Information Systems Laboratories (ISL), General Dynamics Corporation, ITT INC. Honeywell International Inc., and AVT Airborne Sensing GmbH.