Published Date: 28-Jul-2022
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According to a new report, published by KBV research, The Global Airborne Sensors Market size is expected to reach $12 billion by 2028, rising at a market growth of 5.2% CAGR during the forecast period.
The Non-Scanning segment is leading the Global Airborne Sensors Market by Type in 2021, thereby, achieving a market value of $7.07 billion by 2028. The growth of the segment is attributed to the fact that this is the latest technology across the market. Non-scanning airborne sensors are active sensors and an aerial surveying camera. Non-scanning airborne sensors can also acquire target data via vibration, radiation, heat, or other signal-transmitting events.
The Commercial Aircraft segment is showcasing a CAGR of 5.3% during (2022 - 2028). The demand for commercial aircraft is increasing as the number of aircraft deliveries as well as air passenger traffic increases. As a result, the employment of airborne sensors in commercial aircraft is significantly rising. Therefore, the growth of the segment is flourishing.
The Europe market dominated the Global Airborne Sensors Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.1 billion by 2028. The Asia Pacific market is estimated to witness a CAGR of 5.7% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/airborne-sensors-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Honeywell International, Inc., General Dynamics Corporation, Hexagon AB (Leica Geosystems AB), Teledyne Optech, Inc. (Teledyne Technologies Inc.), Thales Group S.A., Raytheon Technologies Corporation, Lockheed Martin Corporation, ITT, Inc., AVT Airborne Sensing GmbH (Vermessung AVT-ZT-GmbH), and Information System laboratories.
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