Military Optronics Surveillance and Sighting Systems Market: Growth Overview

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Military Optronics Surveillance and Sighting
Systems Market Growth Overview
Aerospace and Defense 24, January
2023 Sub-national conflicts involving strong
cross-border dynamics are commonly witnessed
across the globe, making it critical for nations
to ensure military strength and advance their
defense systems. In view of this, several
countries have increased their defense
budgets, especially for border security. This has
increased the deployment of integrated
observation equipment, fire control systems,
mobile vehicle surveillance systems, and
other such equipment, which is expected to
bolster the global military optronics
surveillance and sighting systems
market. Triton Market Researchs report
estimates that the market will display a CAGR of
5.70 in the forecast years from 2023 to 2030.
Military optronics surveillance and sighting
systems enable rapid early detection of
illegal border activities and offer strong
situational awareness by tracking movement
across rough terrains, thus preparing armies
for combat. Also, along with traditional
warfare equipment, many countries are focusing on
the RD of modern warfare equipped with AI and
other technologies, thus advancing market
prospects.
Beyond Borders Evaluating Regional Markets
Performance
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North America and Europe occupy key
positions in the global market, which can
be accredited to the presence of large-scale arms
manufacturers and other key market players in
these regions. Whereas, the Asia-Pacific military
optronics surveillance and sighting systems
market is also expected to flourish due to an
increased focus on domestic manufacturing and
extensive investments in RD. Israel, an
important market in the Middle East and Africa,
is a major supplier of advanced military systems,
such as missiles, drones, radar systems, and
others, and exported weapons worth over 345
million to 16 countries in 2020. On the other
hand, in most Latin American countries, specific
drug control units have been highly militarized
to tackle the growing threat from transnational
crime drug trafficking organizations. This has
necessitated the demand for guns, armored
vehicles, clothing, and tactile equipment, to
facilitate logistical support. Military
Optronics Surveillance and Sighting Systems
Market Segmentation Military Laser Systems is
expected to grow at a CAGR of 5.99 in the
Machinery segment during 2023-2030 Fiber lasers,
semiconductor diode lasers, solid-state lasers,
and CO2 other gas lasers are some of the
laser systems used in the military. They
are used for target designation tracking,
guidance, and range finding, and are also used in
conjunction with squad weapons. Vectronix by
Safran Group is a widely used military
laser system the high-performance handheld
equipment is embedded with high resolution
superior quality optics. Aerial is estimated to
grow at a 6.03 CAGR in the Medium segment during
the forecast period Modernization of aerial
warfare is being witnessed with the addition of
combat aircraft and unmanned aerial vehicles
(UAVs). They are generally used for
surveillance, target acquisition, intelligence
gathering, and also for transporting aircraft
ammunition. Advanced technologies like
multispectral imaging are being increasingly
used in UAVs. Besides, the use of some
emerging technologies, such as
hyperspectral imaging and infrared
thermography, will offer lucrative opportunities
for the growth of this segment. Seismic and
Acoustic Sensors held a revenue share of 4217.22
million in the Product Type segment in
2022 Seismic and acoustic sensors are used in
the military because of their ability of
identifying tracking targets in non-LoS
conditions and carrying out missions in a docile
manner. These sensors are used in numerous
applications, such as defense security,
monitoring, and surveillance. They are also
being used in several modern surveillance sensor
systems called unattended ground sensors
(UGS). A UGS has inbuilt sensors with
magnetic, acoustic, seismic, and infrared
capabilities. The combination of features
from various sensor technologies largely
optimizes their target recognition ability.
What Our Experts Say
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Stealth technology presents growth scope due to
growing investments by countries to gain a
tactical advantage over enemy forces. Also
called low observable technology, it is a
core element of modern military warfare to make
ones own forces discreet and ideally invisible
to the enemy. Some well-known stealth aircraft
include the F-22 Raptor by Lockheed Martin
Corporation and Chengdu J-20 by Chengdu Aerospace
Corporation. Also, there is an enhanced
focus on developing defense systems
with hypersonic technology. There are two
main types of hypersonic weapons, which
include hypersonic glide vehicles and hypersonic
cruise missiles. The latter travel 5 times faster
than the speed of sound, and on a lower
trajectory in the atmosphere, potentially
reaching a target more quickly. Moreover,
these missiles can tackle the opponents by
further compressing their counter-responses.
As a result, major world powers are in a
race to develop hypersonic military warfare.
Further advancement of such technologies presents
growth opportunities for the military optronics
surveillance and sighting systems market.
FAQs Q 1) Which are the leading and
fastest-growing regions in the global market?
North America (leading) and the Asia-Pacific
(fastest-growing). Q 2) Which industry components
are covered in the market report? Raw Material
Suppliers, Manufacturers, Defense OEM/Prime
Contractors, and End-users.