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The Military Thermal Weapon Sights Market size is forecast to increase by USD 352.9 million, at a CAGR of CAGR of 6.67% between 2023 and 2028. The market's growth depends on several factors such as the Introduction of high-definition thermal imaging systems, a greater focus on ISR operations, and the growing asymmetric warfare across the world.
The market report includes a comprehensive outlook on the military thermal weapon sights market offering forecasts for the industry segmented by Type, which comprises gun-based thermal weapon sights and vehicle-mounted thermal weapon sights. Additionally, it categorizes Application into air, maritime, and land, and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
Military Thermal Weapon Sights Market Forecast 2024-2028
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The concept of high definition (HD) has revolutionized imaging systems. The crisp images produced by high-definition imaging systems have enhanced the effectiveness of various applications. As imaging technology is integral to military intelligence and targeting functions, military imaging systems, such as weapon sights, are being incorporated with HD technology to detect, recognize, and strike targets from long ranges. COBRA, a product of Tonbo Imaging Pvt. Ltd. (Tonbo Imaging), is an HD thermal weapon sight built on digital fusion technology that overcomes the shortcomings of optical fusion technology.
Moreover, the technology allows the production of high-sensitivity crisp images at high frame rates (25fps PAL). The company supplies military thermal weapon sights to military forces of countries such as the US, Israel, and Peru. Therefore, HD thermal imaging technology will remain a crucial driver for the global military thermal weapon sights market during the forecast period.
Wireless thermal weapon sights have become increasingly popular in the military and law enforcement communities over the past few years. These sights use the latest technology to provide enhanced target detection and identification capabilities, giving soldiers and officers a significant edge in combat situations. Wireless thermal weapon sights have many advantages over traditional sights. They provide a much clearer image, especially in challenging lighting conditions such as darkness, fog, and smoke. They also allow for quicker target acquisition and tracking, which can be crucial in fast-paced combat situations.
In addition, wireless thermal weapon sights can be integrated with other devices and systems, like drones and surveillance cameras, to provide a more comprehensive and accurate view of the battlefield. This technology can greatly enhance mission effectiveness and situational awareness while also reducing the risk of friendly fire and collateral damage. Thus, such advancements in thermal weapon sights are expected to propel the adoption of military thermal weapon sights, which will fuel the growth of the market during the forecast period.
It is observed that thermal weapon sights, especially holographic ones, exhibit operational constraints when subjected to huge temperature differences. A concept called thermal drift causes the reticle to wander when exposed to a temperature of around 122 degree F. This means that the point of impact can shift without the user realizing it. In the case of temperatures below 20 degree F, crosshairs can get distorted due to the expansion of sights. Another issue with sights is moisture incursion or reticle fade, which occurs when these devices are used in a humid environment. As these are weather-related issues, it is difficult to detect malfunctioning sight.
In addition, as troops generally operate in harsh environments that have huge temperature variations throughout the day, such flaws can affect their operations. For example, the temperatures in Afghanistan keep changing every day. Such thermal drifts associated with sights are difficult to eliminate; however, methods to overcome them are being worked upon. Thus, such factors are expected to hinder the growth of the market during the forecast period.
The market share growth by the gun-based thermal weapon sights segment will be significant during the forecast period. Gun-based thermal weapon sights are designed to provide accurate and efficient targeting in various combat situations. One example of a gun-based thermal weapon sight is the AN/PAS-13 Thermal Weapon Sight, which is used by the US Army and Marine Corps. This sight is designed to work in all lighting conditions and can detect heat signatures at a range of up to 1,100 m.
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The gun-based thermal weapon sights segment was the largest and was valued at USD 593.58 million in 2018. The gun-based thermal weapon sights segment is expected to grow in the coming years as militaries around the world continue to prioritize technologies that enhance their soldiers' capabilities on the battlefield. One major factor driving this market growth analysis is the increasing demand for lightweight and portable weapon sights that can be easily used in fast-paced combat situations. In addition, advancements in thermal imaging technology are also expected to fuel the growth of the global military thermal weapon sights market. Manufacturers are developing sights that can provide even greater levels of accuracy and image clarity, allowing soldiers to target their enemies more effectively from greater distances and in more challenging environments. Thus, the above-mentioned factors are expected to drive the growth of the gun-based thermal weapon sights segment in the market during the forecast period.
Based on application, the market has been segmented into air, maritime, and land. The air segment will account for the largest share of this segment.?In the global military thermal weapon sights market, the utilization of thermal imaging technology in air applications stands as a pivotal and diverse segment. These advanced sights find integration across a spectrum of aerial platforms, including helicopters, fighter jets, reconnaissance aircraft, and unmanned aerial vehicles (UAVs). Aboard these aircraft, thermal weapon sights serve multifaceted roles, ranging from critical surveillance and reconnaissance to precision targeting and engagement capabilities. Furthermore, the use of thermal imaging technology has helped to reduce civilian casualties during military operations by allowing for more precise targeting of enemy forces. This has been particularly beneficial in urban warfare scenarios where identifying enemy combatants can be difficult. Thus, the above-mentioned factors are expected to propel the demand for military thermal weapon sights in the air segment, which is expected to drive the growth of the market during the forecast period.
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North America is estimated to contribute 36% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The region is home to some of the largest military manufacturers in the world, such as BAE Systems Plc, Elbit Systems Ltd, Excelitas Technologies Corp., which offer a range of advanced thermal weapon sights to meet the needs of the modern military. The increasing demand for thermal weapon sights in North America can be attributed to various factors, such as the rising investment in military modernization programs, increasing threats from terrorist organizations and hostile nations, and the need to enhance situational awareness and combat effectiveness. The growing trend of integration of thermal imaging technology with other weapon systems and the emergence of smart thermal imaging systems have further boosted market growth in this region.
In addition, the North American market is witnessing a rapid shift toward the development of miniaturized, lightweight thermal weapon sights, which can be easily integrated into handheld devices and small weapons. Companies such as Teledyne Technologies Inc., L3Harris Technologies Inc., and Elbit Systems Ltd. are leading the charge in this direction, offering advanced thermal imaging systems that can be mounted on weapons, vehicles, and surveillance equipment. Thus, the above-mentioned factors are expected to propel the demand for military thermal weapon sights in North America, which is expected to drive the growth of the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
American Technologies Network Corp. - The company offers military thermal weapon sights such as ThOR 5 XD 2-20x, ThOR 5 XD 3-30x, and ThOR 5 XD 4-40x. The company also offers thermal rifle scopes for professional hunters.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, BERETTA HOLDING SA, Elbit Systems Ltd., Excelitas Technologies Corp., General Starlight Co. Inc., L3Harris Technologies Inc., Leonardo DRS, Materion Corp., Patria Group, Rheinmetall AG, Safran SA, Schmidt and Bender GmbH and Co. KG, SIG Sauer Inc., Teledyne Technologies Inc., Thales Group, THEON International, Thermoteknix Systems Ltd., Tonbo Imaging India Pvt. Ltd., and Trijicon Inc.
Technavio military thermal weapon sights market forecast the in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The military thermal weapon sights market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028
Military Thermal Weapon Sights Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.67% |
Market Growth 2024-2028 |
USD 352.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.57 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 36% |
Key countries |
US, China, India, Russia, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, BERETTA HOLDING SA, Elbit Systems Ltd., Excelitas Technologies Corp., General Starlight Co. Inc., L3Harris Technologies Inc., Leonardo DRS, Materion Corp., Patria Group, Rheinmetall AG, Safran SA, Schmidt and Bender GmbH and Co. KG, SIG Sauer Inc., Teledyne Technologies Inc., Thales Group, THEON International, Thermoteknix Systems Ltd., Tonbo Imaging India Pvt. Ltd., and Trijicon Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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