Military Thermal Weapon Sights Market Size, Trends, Shares, and Forecast - 2031

MARKET OVERVIEW

Thermal Weapon sights are advanced systems that are provided with vehicle-mounted or either handheld weapons. Basically, the sight is a system of optical devices, including markers and targeters that expedite surveying of a confined area to identify hidden targets. It also assists in aligning the weapon to strike the target. A technically enhanced thermal weapon sight operates on the thermal vision principle. It can also be placed on various small arms as well as more massive weapons, thus making it very useful technical weapon. Thus the military thermal weapon sights market is expected to bolster during the forecast period.

MARKET SCOPE

The "Global Military Thermal Weapon Sights Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military thermal weapon sights market with detailed market segmentation by product type, end user, and geography. The report provides key statistics on the market status of the leading military thermal weapon sights market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of product type, the market is segmented as gun-based thermal weapon sights, vehicle-mounted thermal weapon sights.
  
•   Based on end user, the market is segmented into air force, army, navy.
  

MARKET DYNAMICS

Drivers:

•   Rising terror threats and increasing cross border disputes
  
•   Technological advancement in development of wireless thermal weapon sights
  

Restraints:

•   Dearth of technological developments in developing countries
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The military thermal weapon sights market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the military thermal weapon sights market in these regions

IMPACT OF COVID-19 ON MILITARY THERMAL WEAPON SIGHTS MARKET

The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The defense manufacturing industry is heavily dependent on manual labor. In the wake of strong lockdown regulations imposed by the majority of the countries across the globe, the defense equipment manufacturing sector is experiencing a significantly lower number of labors in respective manufacturing facilities. Major defense spenders allocate close to or over 2 percent of their GDP, a significant amount, to defense. However, several governments are deprioritizing defense spending, owing to the emergence of pandemic; instead, a majority of the governments are focusing on investing towards combatting the spread of virus. This factor has weaken the production of various defense equipment during 2021 to some extent, thereby hindering the growth of military thermal weapon sights market.

MARKET PLAYERS

The report covers key developments in the military thermal weapon sights market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from military thermal weapon sights market are anticipated to lucrative growth opportunities in the future with the rising demand for military thermal weapon sights in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military thermal weapon sights market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  ASELSAN A.-.

  BAE Systems

  Elbit Systems Ltd.

  Excelitas Technologies Corp.

  FLIR Systems Inc.

  Leonardo S.p.A.

  Raytheon Technologies

  Safran Colibrys SA

  Thales Group

  Thermoteknix Systems
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Military Thermal Weapon Sights Report Scope

Report Attribute	Details
Market size in 2024	US$ XX million
Market Size by 2031	US$ XX Million
Global CAGR (2025 - 2031)	XX%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Product Type Gun-Based Thermal Weapon Sights Vehicle-Mounted Thermal Weapon Sights By End User Air Force Army Navy
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ASELSAN A.. BAE Systems Elbit Systems Ltd. Excelitas Technologies Corp. FLIR Systems Inc. Leonardo S.p.A. Raytheon Technologies Safran Colibrys SA Thales Group