Computer Vision In Aerospace And Defense Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00129091
- Format: Electronic (PDF)
- Publish Type:
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.71 |
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The Computer Vision in Aerospace and Defense Market is poised for substantial growth, with a projected CAGR of 6.78% between 2022 and 2032. This market is anticipated to expand by USD 8,745.92 million during this period. The growth trajectory of this market is influenced by several factors, including the increasing integration of advanced technologies in the aerospace and defense sectors, rising demand for automation and situational awareness, and the need for enhanced surveillance and reconnaissance capabilities. Computer vision involves the use of artificial intelligence (AI) and image processing techniques to enable computers to interpret, analyze, and understand visual information from the world, mimicking human vision processes.
Computer Vision in Aerospace and Defense Market Overview:
Drivers:
A primary driver of growth in the computer vision market within aerospace and defense is the demand for enhanced situational awareness. The aerospace and defense sectors require real-time analysis of vast amounts of data from various sources, including sensors, cameras, and satellites. Computer vision technology empowers these sectors to process and interpret visual data swiftly, enabling timely decision-making and improved response to dynamic situations.
Additionally, the integration of computer vision with unmanned aerial vehicles (UAVs) and drones for surveillance and reconnaissance purposes is fostering market growth. Computer vision-equipped drones can identify objects, analyze terrain, and gather critical intelligence, enhancing military and security operations.
Trends:
The integration of deep learning and machine learning algorithms into computer vision systems is a significant trend driving market expansion. These advanced algorithms enable computers to learn from patterns and improve their recognition capabilities over time. In the aerospace and defense context, this translates to more accurate object detection, target tracking, and anomaly identification.
Furthermore, the use of computer vision in maintenance and predictive analysis is gaining traction. In aerospace, where equipment reliability is paramount, computer vision systems can inspect aircraft components for defects, wear, or damage, allowing proactive maintenance and reducing downtime.
Restraints:
Data security and privacy concerns pose a challenge to the adoption of computer vision technology in the aerospace and defense sectors. As these industries handle sensitive and classified information, ensuring the protection of data from unauthorized access or cyber threats is essential. Striking a balance between the benefits of computer vision and data security remains a critical concern.
Moreover, the complexity of integrating computer vision into existing aerospace and defense systems can be a barrier. Retrofitting legacy systems with computer vision capabilities requires seamless integration, which can be technically intricate and time-consuming.
Computer Vision in Aerospace and Defense Market Segmentation:
Application:
The surveillance and reconnaissance segment is expected to exhibit remarkable growth during the forecast period. Computer vision technology enhances the capabilities of surveillance systems by enabling automated object detection, tracking, and behavior analysis. In the aerospace and defense context, this translates to more efficient border security, threat detection, and monitoring of critical infrastructure.
The integration of computer vision in pilot assistance and augmented reality (AR) displays is also gaining momentum. AR systems equipped with computer vision can overlay vital flight information on a pilot's display, improving situational awareness and reducing the cognitive load on pilots during complex maneuvers.
Type:
The image recognition segment is projected to experience significant growth due to its wide applicability in aerospace and defense. Image recognition algorithms can identify and classify objects, landmarks, and patterns in images and videos captured by sensors and cameras. In the aerospace sector, this technology is crucial for target identification, terrain analysis, and satellite image processing.
Regional Overview:
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North America is expected to dominate the computer vision in aerospace and defense market, contributing around 38% to its growth during the forecast period. The presence of prominent aerospace and defense companies, technological advancements, and substantial defense budgets in countries like the United States are driving the adoption of computer vision solutions. The utilization of computer vision for border security, military surveillance, and autonomous systems further accelerates market growth in this region.
In 2020, the COVID-19 pandemic disrupted aerospace and defense operations worldwide, causing delays in research and development. However, with the gradual recovery of these sectors in 2021 due to vaccination efforts and eased restrictions, the adoption of computer vision technologies has gained momentum once again.
Computer Vision in Aerospace and Defense Market Customer Landscape:
The market report delves into the adoption lifecycle of computer vision technology in aerospace and defense, considering various stages from early adopters to mainstream users. It explores adoption rates across different regions and highlights key factors influencing the decision-making process of end-users.
Major Players in the Market:
Companies in the computer vision in aerospace and defense market are employing diverse strategies to strengthen their market presence, including strategic collaborations, acquisitions, geographical expansions, and product innovation.
- Airbus:
European aerospace giant with a strong focus on developing and deploying computer vision solutions for a variety of applications, including target recognition, surveillance, and navigation.
- Boeing:
American aerospace giant with a long history of innovation in computer vision technology. Boeing's computer vision solutions are used in a variety of aircraft and defense systems, including the F-35 Joint Strike Fighter and the Boeing 787 Dreamliner.
- Lockheed Martin:
American aerospace and defense giant with a broad portfolio of computer vision solutions, including sensors, software, and analytics. Lockheed Martin's computer vision solutions are used in a variety of applications, including missile defense, intelligence gathering, and autonomous systems.
The research report also includes a detailed analysis of the competitive landscape, featuring information about key players in the market, including:
- Airbus
- Boeing
- Lockheed Martin
- Northrop Grumman
- Raytheon Technologies
- BAE Systems
- Thales Group
- Leonardo
- Safran
- Indra Sistemas
- DRS Technologies
- Harris Corporation
- L3Harris Technologies
- BAE Systems Hägglunds
- FLIR Systems
- OmniVision Technologies
- Cognex Corporation
- Innoviz Technologies
- Luminar Technologies
- Velodyne Lidar
Segment Overview:
The report provides comprehensive market segmentation, forecasting revenue growth at global, regional, and country levels, with an analysis of trends and opportunities from 2019 to 2032.
Application Outlook (USD Million, 2019 - 2032):
- Surveillance and Reconnaissance
- Pilot Assistance and AR Displays
- Maintenance and Predictive Analysis
- Others
Type Outlook (USD Million, 2019 - 2032):
- Image Recognition
- Object Detection
- Motion Analysis
- Others
Geography Outlook (USD Million, 2019 - 2032):
- North America
- The United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Brazil
- Argentina
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Key Benefits for Stakeholders
- Comprehensive Market Analysis- The study meticulously segments the market based on both economic and non-economic criteria, conducting both qualitative and quantitative analyses. This rigorous approach offers a deep understanding of various market segments and sub-segments.
- Accurate Market Valuation- Precise market values in USD Billion are furnished for each segment and sub-segment, facilitating stakeholders in making precise assessments of market opportunities.
- Identification of Growth Prospects- The report pinpoints regions and market segments poised for rapid expansion, as well as those with substantial market share potential. This assists stakeholders in making well-informed strategic decisions.
- Insightful Regional Analysis- The research explores regional factors influencing the market and scrutinizes product or service utilization in diverse geographical areas, enhancing comprehension of regional dynamics.
- Comprehensive Competitive Insight- The report encompasses critical data, including market share of leading players, recent service/product launches, collaborations, expansions, and acquisitions made by profiled companies in the last five years. This provides a holistic view of the competitive landscape.
- Detailed Company Profiles- In-depth profiles of key market participants encompass company overviews, business insights, product benchmarking, and SWOT analyses. This equips stakeholders with the means to evaluate the strengths and weaknesses of these entities.
- Future Market Outlook- The research furnishes an industry perspective on the present and future based on recent developments, enabling stakeholders to anticipate market trends and forthcoming changes.
- Thorough Market Examination- Porter’s five forces analysis is employed in the study to provide a comprehensive examination of the market from multiple angles, including competitive forces and market dynamics.
- Value Chain Insights- The research leverages the Value Chain concept to elucidate the market, offering insights into how products or services traverse the market ecosystem.
- Market Dynamics and Growth Prospects- The study presents current market dynamics and growth prospects for the foreseeable future, empowering stakeholders with invaluable information for strategic decision-making.
TABLE OF CONTENTS: GLOBAL Computer Vision in Aerospace and Defense MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Computer Vision in Aerospace and Defense MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Computer Vision in Aerospace and Defense Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Computer Vision in Aerospace and Defense Of Suppliers
4.5.2. Computer Vision in Aerospace and Defense Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Computer Vision in Aerospace and Defense MARKET BY Type landscape
SIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2 Type 1
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3 Type 2
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.4 Type 3
5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Computer Vision in Aerospace and Defense MARKET BY End user INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2 End user 1
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3 End user 2
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4 End user 3
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Computer Vision in Aerospace and Defense MARKET REGIONAL OUTLOOK
7.1. Computer Vision in Aerospace and Defense Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027 (USD Million)
7.2.2. North America Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Computer Vision in Aerospace and Defense Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Computer Vision in Aerospace and Defense Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Computer Vision in Aerospace and Defense Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1 Airbus
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 IAI
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3 Lockheed Martin
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4 Raytheon
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 Boeing
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6 BAE
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7 Northrop Grumman
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8 Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10 Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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