WASHINGTON, November 19, 2021 (GLOBE NEWSWIRE) – According to a new report from Advantageous market research, the military thermal weapons sights market is expected to reach $ 21.32 billion by 2028, growing at a CAGR of 11.2% from 2021 to 2028. The increase in cross-border disputes as well as the increase territorial and national conflicts around the world are expected to fuel the growth of military thermal weapon sights market in the forecast period. In addition, the advancements in thermal weapon sights are also expected to support the growth of the military thermal weapon sights market within the estimated time frame.
- The thermal cannon gun sights segment is expected to grow at a CAGR of over 5.65% during the forecast period. This is due to the growing demand from the defense industry.
- The military segment held a market share of approximately 39.41% in 2020. This share is due to the increasing adoption of the device by the military forces to use it as a stand-alone observation device of day and night.
- North America is expected to grow at a CAGR greater than 8.56% from 2021 to 2028. This increase is attributed to the early adoption of new technologies and the increase in war conflicts around the world.
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Major players in the military thermal weapon sights market include Raytheon Company, Excelitas Technologies, SGCI, Qioptiq, Thermoteknix, Thales Group, Leonardo DRS, FLIR Systems, Safran, Elbit Systems, ASELSAN, BAE Systems and Aselsan, among others.
The increase in cross-border disputes as well as domestic conflicts across the world is expected to support the growth of military thermal weapon sights market during the forecast period. Growing differences between religion, ethnic groups, distinct cultures and political systems of countries are leading to the adoption of these devices. These devices are used on small arms and can also be used as a stand-alone observation device. For example, the AN / PAS-13B is one of the heavy thermal weapons sights that uses thermal imaging so that it can be used day or night. It also helps to see through smoke and fog. The Thermal Weapons Sight provides the ability to see deep into combat zones or combat zones, penetrate obscures, and increase surveillance and target acquisition range for the military. In addition, the advanced thermal sighting system also offers video output which can be used for training, remote viewing or image transfer. Due to its light weight and the effectiveness of thermal weapon sights for military on battlefields, it is expected to drive the growth of military thermal weapon sights market in the near future. In addition, the integration of advanced devices such as thermal weapon sight sensors also offered various advantages such as high impact resistance, long range, precision calibers and cutting edge night performance with cameras. infrared night vision. The increasing application of high definition thermal imaging systems is also expected to support the market growth in the coming years. In addition, most of the major players also focus on research and development to improve and improve the quality of their military thermal weapon sights.
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The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is due to the increase in cross-border disputes and the demand for advanced weapons from emerging economies, such as India and China.
The military thermal weapon sights market is segmented as follows:
By Type (Revenue: USD Million, 2016 – 2028)
- Thermal gun sights
- Thermal weapon sights mounted on vehicle
By Application (Revenue: USD Million, 2016 – 2028)
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By Region (Revenue: USD Million, 2016 – 2028)
- North America
- The rest of europe
- Asia Pacific
- South Korea
- South East Asia
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC countries
- South Africa
- Rest of Middle East and Africa
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