Europe Military Optronics Surveillance and Sighting Systems Market Drivers by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Europe Military Optronics Surveillance and Sighting Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Image Intensification, Military Laser Systems, and Electro-Optics/Infrared), Device Type (Night Vision Devices, Handheld Thermal Imaging Devices, Integrated Observation Equipment, Standalone Infrared, Seismic and Acoustic Sensors, and Others), and Platform (Ground, Airborne, and Naval)

  • Report Date : Jan 2022
  • Report Code : TIPRE00026767
  • Category : Aerospace and Defense
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 149
Page Updated: Jan 2022

The military optronics surveillance and sighting systems market in Europe is expected to grow from US$ 2,992.66 million in 2021 to US$ 4.345.09 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028.

Germany, France, Italy, the UK, and Russia are major economies in Europe. The world is undergoing a ‘fourth industrial’ revolution, characterized by rapid and converging advances in multiple next-generation technologies, including artificial intelligence (AI). AI is not only undergoing a renaissance in its technical development but is also starting to shape deterrence relations among nuclear-armed states. The potential of weaker nuclear-armed states can be increased with the integration of AI into their military platforms. In January 2021, Lockheed Martin Corp. announced to build three new next-generation infrared spacecraft to help detect enemy ballistic missile launches. In March 2021, Elbit Systems, the Israeli defense company, launched its next-generation advanced multi-sensor payload system (AMPS NG). Team Tempest—a UK technology and a defense partnership formed by BAE Systems, Leonardo, MBDA, Rolls-Royce, and the RAF—announced the development of new radar technology by 2035 to deliver unparalleled data processing capability on the battlespace. Thus, technological advancements in the military and defense system are driving the military optronics surveillance and sighting system market. Thus, implementation of next-gen technologies in defense systems is the major factor driving the growth of the Europe military optronics surveillance and sighting systems market.

The COVID-19 outbreak across Europe have had a substantial impact on military capabilities. The armed forces have been a critical component of national crisis response across the European countries. Initially, this covered general military support, such as assistance with command and control, repatriation of citizens, logistics, disinfection of public spaces and also in some countries, support to police and internal security. In addition, in many countries, the armed forces supported the nursing and social care system. This experience identified some friction in the processes of managing demand in national health systems and at European level that would have also constrained strategic casualty regulation and evacuation in the event of major conflict in Eastern Europe. Moreover, the requirement of continuous surveillance for military operations has driven the military optronics surveillance and sighting systems market across European countries during FY 2020. Moreover, a few of the countries across Europe are also disclosing their plans for the acquisition of and investments in defense technologies across their respective armed forces, which is also expected to aid in the growth of the market during the forecast period.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe military optronics surveillance and sighting systems market. The Europe military optronics surveillance and sighting systems market is expected to grow at a good CAGR during the forecast period.

Europe Military Optronics Surveillance and Sighting Systems

Market Revenue and Forecast to 2028 (US$ Million)

Europe Military Optronics Surveillance and Sighting Systems Market Segmentation

Europe Military Optronics Surveillance and Sighting Systems Market – By Technology

  • Image Intensification
  • Military Laser Systems
  • Electro-Optics/Infrared

Europe Military Optronics Surveillance and Sighting Systems Market – By Device Type

  • Night Vision Devices
  • Handheld Thermal Imaging Devices
  • Integrated Observation Equipment
  • Standalone Infrared
  • Seismic and Acoustic Sensors
  • Others

Europe Military Optronics Surveillance and Sighting Systems Market – By Platform

  • Ground
  • Airborne
  • Naval

Europe Military Optronics Surveillance and Sighting Systems Market, by Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Military Optronics Surveillance and Sighting Systems Market - Companies Mentioned  

  • HENSOLDT
  • Israel Aerospace Industries
  • L3Harris Technologies Inc.
  • Lockheed Martin Corporation
  • Rafael Advanced Defense Systems Ltd.
  • Raytheon Company
  • Safran S.A.
  • Teledyne FLIR LLC
  • Thales Group
  • Ultra Electronics Holdings plc.

Europe Military Optronics Surveillance and Sighting Systems Report Scope

Report Attribute Details
Market size in 2021 US$ 2,992.66 Million
Market Size by 2028 US$ 4.345.09 Million
Global CAGR (2021 - 2028) 5.5%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Technology
  • Image Intensification
  • Military Laser Systems
  • Electro-Optics/Infrared
By Device Type
  • Night Vision Devices
  • Handheld Thermal Imaging Devices
  • Integrated Observation Equipment
  • Standalone Infrared
  • Seismic and Acoustic Sensors
By Platform
  • Ground
  • Airborne
  • Naval
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • HENSOLDT
  • Israel Aerospace Industries
  • L3Harris Technologies Inc.
  • Lockheed Martin Corporation
  • Rafael Advanced Defense Systems Ltd.
  • Raytheon Company
  • Safran S.A.
  • Teledyne FLIR LLC
  • Thales Group
  • Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

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    Our Clients
    1. HENSOLDT
    2. Israel Aerospace Industries
    3. L3Harris Technologies Inc.
    4. Lockheed Martin Corporation
    5. Rafael Advanced Defense Systems Ltd.
    6. Raytheon Company
    7. Safran S.A.
    8. Teledyne FLIR LLC 
    9. Thales Group
    10. Ultra Electronics Holdings plc.
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