Global Aircraft Camera Market (2021-2026)
Dublin, November 10, 2021 (GLOBE NEWSWIRE) – The “Aircraft Camera Market – Growth, Trends, Impact of Covid-19 and Forecasts (2021 – 2026)” report was added to ResearchAndMarkets.com offer.
The aircraft cameras market is expected to grow with a CAGR of over 3% during the forecast period 2021-2026.
The Covid-19 pandemic has led to a decline in air passenger traffic, resulting in the cancellation and postponement of aircraft orders by many major airlines around the world in 2020. IATA predicts that the traffic passengers are expected to return to pre-COVID levels. by 2024.
Nonetheless, with the recovery of passenger traffic in 2021 compared to that of 2020, some airlines have started ordering and taking delivery of new aircraft, which is expected to support the growth of the aircraft camera market in the commercial sector. Compared to the commercial aircraft segment, the military aircraft segment was relatively less affected by the Covid-19 pandemic, as military end users did not observe fluctuations in demand, although military aircraft OEMs have witnessed supply chain bottlenecks in 2020.
The demand for cameras is increasing in aircraft for various indoor and outdoor applications including ground maneuvering, cabin surveillance, outdoor security, military aircraft refueling, observation of aircraft control surfaces, military surveillance , identification and classification, as well as for targeting and auto-detection. protection. This is expected to drive the growth of aircraft cameras during the forecast period.
Key market trends
Growing demand for cameras in military applications
Military aircraft use cameras for a wide variety of applications including surveillance, situational awareness, aerial refueling, targeting, self-protection, exterior surveillance, among others. The growing demand for military aircraft, along with the need for better situational awareness for military pilots, is driving the growth of the military aircraft segment of the market studied. New generation military aircraft rely heavily on imaging sensors for various operations. For example, Boeing’s new KC-46 refueler relies entirely on images provided by the remote vision system’s cameras for aerial refueling, unlike older tankers, where boom operators can rely on visual cues to steer the ramp.
The growing demand for these next generation aircraft is expected to drive the market. On the other hand, the growing demand for situational awareness also necessitates the adoption of various cameras on board military aircraft. In 2018, Boeing selected FLIR Systems to supply the EO / IR surveillance sensor for the replacement of the US Air Force’s UH-1N. As part of the contract, FLIR announced that it will supply its Star SAFIRE 380-HDc airborne surveillance camera for the project. Following this, the helicopter, named MH-139 Gray Wolf, was unveiled in December 2019, with the prospective infrared camera system. Such developments are expected to drive the growth of the segment during the forecast period.
Asia-Pacific will generate the highest demand during the forecast period
Asia-Pacific is expected to be the primary market for aircraft cameras during the forecast period, owing to the growing demand for military and commercial aircraft in the region. Although the recovery in international passenger traffic in the Asia-Pacific region remains lagging behind the rest of the world, a stronger domestic recovery is expected to help the commercial aviation sector in the region. Even in the year 2020, more than a quarter of all Airbus deliveries went to the Asia-Pacific region, which means a better market recovery in the region.
Even during the forecast period, deliveries of new commercial aircraft are expected to be the highest in the region, driven by demand for LCCs. On the other hand, countries in the region such as China, India, Japan, South Korea and Australia are expected to procure a large number of military aircraft during the forecast period, generating demand for new aircraft cameras during the forecast period.
For example, India is currently taking delivery of the indigenous light combat helicopter and has a total requirement of around 180 such helicopters. The helicopter has day / night targeting systems for the crew, including the helmet’s sharp sight and electro-optic gimbal consisting of a CCD / FLIR camera / laser range finder (LRF) / laser designator (LD). Thus, deliveries of new military aircraft are expected to drive the growth of aircraft camera systems in the region during the forecast period.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Market drivers
4.3 Market restrictions
4.4 Porter’s five forces analysis
5 MARKET SEGMENTATION (Market size by value – million USD)
5.1.1 Commercial aircraft
5.1.2 Military aircraft
5.2.1 Internal cameras
5.2.2 External cameras
5.3.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.3.4 Latin America
184.108.40.206 Rest of Latin America
5.3.5 Middle East and Africa
220.127.116.11 United Arab Emirates
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Supplier market share
6.2 Company profiles
6.2.1 KID-Systeme GmbH
6.2.3 Meggitt plc
6.2.4 Teledyne FLIR LLC
6.2.5 Collins Aerospace (Raytheon Technologies Corporation)
6.2.6 AD Aerospace
6.2.7 Kappa optronics GmbH
6.2.8 Cabin Avionics Limited
6.2.9 Eirtech Aviation Services
6.2.10 Elbit Systems Ltd.
6.2.11 L3Harris Technologies Inc.
6.2.12 Thales Group
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/nvw4nh