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The Global Military Thermal Imaging Market size was valued at USD 740.20 Million in 2022 and the total Military Thermal Imaging revenue is expected to grow at a CAGR of 5.6% from 2023 to 2029, reaching nearly USD 1083.92 Million.
Military Thermal Imaging Market Overview:
The Military Thermal Imaging market analysis provides a comprehensive picture of the competition, including market share and company profiles of the global industry's top rivals. The research scope covers a complete examination of the Military Thermal Imaging Market size, as well as the reasons for variances in the industry's growth in various places.
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Market Scope:
This research study relies heavily on secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and databases, to find and collect appropriate excerpts.
Segmentation:
by Product Type
Thermal Cameras
Thermal Scopes
Thermal Binoculars
Thermal Modules
Others
Based on Product type, the thermal cameras segment led the global military thermal imaging market with the highest revenue share in 2022 and is expected to grow at a CAGR of 5.25% during the forecast period. Thermal network cameras create images based on the principles of infrared (IR) radiation. The thermal camera serves as a heat sensor that detects temperature differences between objects and the scene itself. Rather than a picture of light, the thermal image is a visual capture of heat. The more heat an object emits, the brighter it appears in a thermal image. Thermal imaging cameras are a much more effective approach to catching would-be intruders before they inflict damage or steal items when used in conjunction with security personnel or monitoring service.
by Technology
Cooled
Uncooled
by Detection Range Short-Range Thermal Imaging Systems (Up To A Few Hundred Meters)
Medium-Range Systems (Below 10 Kilometers)
Long-Range Systems (Above 10 Kilometers)
by Application
Security & Surveillance
Monitoring & Inspection
Target Detection
Situational Awareness
Others
by End-User
Land
Marine
Airborne
- Global Military Thermal Imaging Market: Research Methodology
- Global Military Thermal Imaging Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Military Thermal Imaging Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Military Thermal Imaging Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Military Thermal Imaging Market Segmentation
- Global Military Thermal Imaging Market, by Type (2023-2029)
- Global Military Thermal Imaging Market, by Product (2023-2029)
- Global Military Thermal Imaging Market, by Application (2023-2029)
- Global Military Thermal Imaging Market, by End-User (2023-2029)
- Global Military Thermal Imaging Market, by Vertical (2023-2029)
- Regional Military Thermal Imaging Market(2023-2029)
- Regional Military Thermal Imaging Market, by Type (2023-2029)
- Regional Military Thermal Imaging Market, by Product (2023-2029)
- Regional Military Thermal Imaging Market, by Application (2023-2029)
- Regional Military Thermal Imaging Market, by End-User (2023-2029)
- Regional Military Thermal Imaging Market, by Vertical (2023-2029)
- Regional Military Thermal Imaging Market, by Country (2023-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Players:
The entire method entails an examination of the key market players' financial reports. Following the assessment of the overall market size, the market was segmented into several divisions and sub-segments and validated by key industry professionals and marketing executives. The biggest players in the Military Thermal Imaging market are as follows:
1. FLIR Systems, Inc. (United States)
2. L3Harris Technologies, Inc. (United States)
3. BAE Systems plc (United Kingdom)
4. Leonardo S.p.A. (Italy)
5. Raytheon Technologies Corporation (United States)
6. Thales Group (France)
7. Safran S.A. (France)
8. Lockheed Martin Corporation (United States)
9. Elbit Systems Ltd. (Israel)
10. HGH Infrared Systems (France)
11. Collins Aerospace (United States)
12. ULIS (France)
13. Excelitas Technologies Corp. (United States)
14. Sofradir (France)
15. Seek Thermal (United States)
16. Xenics (Belgium)
17. ULIRVISION Technology Co., Ltd. (China)
18. Opgal (Israel)
19. Optronics Ltd. (Israel)
20. Nippon Avionics Co., Ltd. (Japan)
21. Tonbo Imaging (India)
22. DRS Technologies, Inc. (United States)
23. General Dynamics Corporation (United States)
24. Roketsan A.S. (Turkey)
25. Hikvision Digital Technology Co., Ltd. (China)
Regional Analysis:
The regional description of the Military Thermal Imaging market analysis also contains individual market influencing variables and changes in market regulations that affect current and future market trends. Current and future trends are reviewed to evaluate the overall market potential and to identify profitable trends to get a more solid footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Military Thermal Imaging Market:
End-user industries where Military Thermal Imaging Industry are utilized had a drop in growth from January 2023 to May 2023 in some countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant fall in the revenues of businesses operating in these industries and, as a result, in demand for Military Thermal Imaging manufacturers, impacting the Military Thermal Imaging market's growth in 2023. With lockdowns and an increase in COVID-19 instances throughout the world, end-user business demand for Military Thermal Imaging has declined dramatically.
Key Questions Answered in the Military Thermal Imaging Market Report are:
- Which segment had the largest share in the Military Thermal Imaging market in 2023?
- What is the competitive landscape of the Military Thermal Imaging market?
- Which are the key drivers aiding the Military Thermal Imaging market growth?
- Which region has the maximum share in the Military Thermal Imaging market?
- What will be the CAGR of the Military Thermal Imaging market during the forecast period (2023-2029)?
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