Military Optronics Surveillance and Sighting Systems Market: Growth Overview

Military Optronics Surveillance and Sighting Systems Market: Growth Overview

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 Research’s 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 R&D of modern warfare equipped with AI and other technologies, thus advancing market prospects.

Beyond Borders – Evaluating Regional Markets’ Performance 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 R&D. 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 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 one’s 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.