ID: MRFR/A&D/2601-HCR | February 2021 | Region: Global | 100 pages
Military imaging systems are advanced techniques that can capture high-resolution 3-D images from long distances. These imaging systems are better compared to conventional optical systems as they can operate in dark environmental conditions, have improved visibility, and enhance the clarity of objects with the help of infrared light. The driver for this market is increasing the use of these systems for border patrolling and security and the introduction of high definition imaging technologies. The emergence of a variety of radar, optronic, and IR sensors to guide gunfire is expected to improve the effectiveness and accuracy of gunfire. However, there are some disadvantages in the operating performance of the military imaging systems as the efficiency of these imaging systems during extreme weather conditions reduces. Moreover, the increasing difficulty in manufacturing high-resolution cameras and the growing use of smokescreen technologies is expected to restrain the growth of the market. The global military imaging system market is segmented based on type, technology, application, platform, and region. Based on type, the global market has been segmented into thermal, hyperspectral, and multispectral. The thermal segment is expected to hold the largest market share due to the day-night working capability of the imaging systems and their ability to withstand all weather conditions. Based on the platform, the global market has been divided into man-portable and vehicle-mounted. The man-portable segment is expected to register the highest CAGR during the forecast period. The report aims to provide an overview of the global military imaging system market with detailed market segmentation by type, technology, application, platform, and region. The global military imaging system market is expected to witness significant growth during the forecast period.
Segmentation of the Global Military Imaging System Market
The global military imaging system market is segmented based on type, application, technology, platform, and regions. Based on the type, the global market has been segmented into thermal, hyperspectral, and multispectral. The thermal segment is expected to hold the largest share of the market during the forecast period. Based on application, the global market has been segmented into security & surveillance, monitoring & inspection, detection, and others. The security & surveillance segment is expected to grow with the highest CAGR during the forecast period. The rise in demand for military spending and modernization programs is propelling the growth of the market across the globe. Based on region, the market is segmented into North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America. Asia-Pacific is expected to dominate the market during the forecast period due to the rise in the military modernization programs in the region. Europe is expected to be the fastest-growing region in the market due to the growing investments in various battlefield management programs. The global military imaging system market is estimated to grow at approximately 8% CAGR from 2018 to 2025.
The key players operating in the global military imaging system market are FLIR Systems Inc. (US), Teledyne Technologies Inc. (US), Thales Group (France), L3 Technologies Inc. (US), Lockheed Martin Corporation (US), BAE Systems (US), Raytheon Company (US), Harris Corporation (US), General Dynamics Mission Systems Inc (US), and Leonardo DRS (US).
The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
MRFR offers report customization to valued customers. Below are the options available for customization:
In-depth profiling of additional market players (3 to 4 companies)
Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)
Frequently Asked Questions (FAQ) :
Military imaging system market can rise at 7.16% CAGR by 2025.
By 2025, the military imaging system market can earn decent value.
Boston Dynamics (US), Israel Aerospace Industries Ltd (Israel), Aerovironment Inc. (US), and BAE Systems Plc (UK) are some well-established military imaging system market players.
Increase in need for radar guided solution to support military imaging system market.
APAC military imaging system market value can surge at high pace.