The military thermal weapon sights market is predicted to reach USD 21.32 billion by 2028, according to a new analysis from Vantage Market Research, with a CAGR of 11.2 percent from 2021 to 2028. Increasing cross-border disputes, as well as escalating territorial and nation-state conflicts, are expected to drive the military thermal weapon sights market over the forecast period. In addition, developments throughout thermal weapon sights are expected to assist the military thermal weapon sights market’s growth in the forecasted timeframe.
• During the forecast period, the gun-based thermal weapon sights segment is expected to rise at a CAGR of approximately 5.65%. The reason for this is the growing demand from the defence industry.
• In 2020, the army segment had a market share of roughly 39.41%. This is due to the device’s growing popularity among armed personnel, who want to utilise it as a stand-alone observation equipment at all hours of the day and night.
• From 2021 to 2028, North America is predicted to grow at a CAGR of 8.56 percent. This increase can be linked to the early adoption of new technologies and the rise in global armed conflicts.
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Raytheon Company, Excelitas Technologies, SGCI, Qioptiq, Thermoteknix, Thales Group, Leonardo DRS, FLIR Systems, Safran, Elbit Systems, ASELSAN, BAE Systems, and Aselsan are among the leading competitors in the military thermal weapon sights industry.
Increasing cross-border disputes, as well as national wars, are likely to propel the military thermal weapon sights market forward over the forecast period. The adoption of these devices is being driven by rising variations in religion, ethnic groups, diverse customs, and political systems of countries. These gadgets are attached to little arms and can also be used as a stand-alone surveillance instrument. The AN/PAS-13B, for example, is a heavy thermal weapon sight that uses thermal imaging and can be utilised at any time of day or night. It also aids visibility in smoke and fog. The thermal weapon sight provides militaries with the ability to see deep into combat zones or battle areas, penetrate obscurants, and extend surveillance and target acquisition range. A video output is also available on the sophisticated thermal weapon sight system, which may be used for training, remote viewing, or image transfer. The military thermal weapon sights market is expected to grow rapidly in the near future due to the lightweight and efficacy of thermal weapon sights for militaries on battlefields. Furthermore, the integration of advanced equipment like as sensors with thermal weapon sights has provided a number of advantages, including high shock resistance, extended range, accurate calibres, and edge night performance with infrared night-vision cameras. The increased use of high-definition thermal imaging equipment is also predicted to help the market grow in the coming years. Furthermore, most of the big businesses are concentrating their efforts on conducting more R&D in order to improve and enhance the quality of their military thermal weapon sights technologies.
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During the forecast period, the Asia Pacific region is expected to increase at the fastest rate. This increase can be attributed to rising cross-border tensions and demand for modern weapons from emerging economies such as India and China.
The market for military thermal weapon sights is divided into three categories:
Type by type (Revenue: USD Million, 2016 – 2028)
• Thermal Weapon Sights for Guns
• Thermal Weapon Sights for Vehicles
by way of application (Revenue: USD Million, 2016 – 2028)
• The Air Force
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Region by Region (Revenue: USD Million, 2016 – 2028)
• The United States of America
o Europe in general
• Asia and the Pacific
o The Republic of Korea
South East Asia (SEA)
o Asia Pacific as a whole
• The continent of Latin America
o Latin America as a whole
• Africa and the Middle East
o Gulf Cooperation Council Countries
South Africa (South Africa)
o Middle East and Africa as a whole
About the Authors:
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