Asia Pacific 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)
The military optronics surveillance and sighting systems market in APAC is expected to grow from US$ 4,569.66 million in 2021 to US$ 7,028.55 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.
Australia, China, India, Japan, and South Korea are major economies in APAC. Unmanned systems have become an integral part of military forces worldwide as it reduces the risk of human lives. Due to various benefits offered by UAV, many countries such as the US, India, and China have allocated substantial budgets to deploy more UAVs in their military forces, primarily for surveillance applications. Deploying optronics surveillance and sighting system on unmanned platforms facilitates the transmission of surveillance and imagery data. The integration of unmanned systems with communication antennas and other surveillance equipment assists in various critical missions. Therefore, the increasing deployment of UAVs for airborne and naval surveillance and mapping missions is resulting in a growing need for optronics surveillance and sighting system that can be effectively integrated within the UAV platform without hampering its overall efficiency. Thus, several major industry players, including Rafael Advanced Defense Systems Ltd. and Lockheed Martin, in the military optronics surveillance and sighting system market emphasize developing and offering optronics surveillance and sighting system for UAV platform. Thus, the rising deployment of UAVs is the major factor driving the growth of the APAC military optronics surveillance and sighting systems market.
The military electronics industry was hit hard in APAC during the first half of 2020 leading to massive decline in revenues across the stakeholders. The tremendous spread of the virus across the region resulted in declined military operations, restricted movement of military aircraft, disrupted supply chain across the military electronics sector, and lower defense electronics expenditure across different countries to fight the economic crisis caused by the pandemic during FY 2020. All the parameters showcased fall in demand for military optronics, surveillance, and sighting systems across the defense sector in APAC. Moreover, most of the countries across the region have lost a lot of revenues from their respective defense companies. For instance, Indian defense companies had already lost approx. US$ 3 billion in revenues between March and May in FY 2020, which has also affected 100 large defense firms and nearly 4,000 small and medium aerospace and defense businesses. The lockdown has also impacted the supply of local and foreign material for 50 major defense projects. In addition, as per the current scenario, the Indian-made weapons and platforms are designed to use 10–20% of imported components. The COVID-19 pandemic has disrupted the supply of such components for at least a year, that has also caused delays and cost overruns for majority of the defense programs. Furthermore, the demand for defense electronics has also witnessed a downfall during the FY 2020 across multiple Asian countries such as Taiwan, Australia, Japan, South Korea, and India. Such factors have impacted the market during FY 2020 across the APAC military optronics, surveillance, and sighting systems market.
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 APAC military optronics surveillance and sighting systems market. The APAC military optronics surveillance and sighting systems market is expected to grow at a good CAGR during the forecast period.
APAC Military Optronics Surveillance and Sighting Systems Market Revenue and Forecast to 2028 (US$ Million)
APAC Military Optronics Surveillance and Sighting Systems Market Segmentation
APAC Military Optronics Surveillance and Sighting Systems Market – By Technology
- Image Intensification
- Military Laser Systems
- Electro-Optics/Infrared
APAC 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
APAC Military Optronics Surveillance and Sighting Systems Market – By Platform
- Ground
- Airborne
- Naval
APAC Military Optronics Surveillance and Sighting Systems Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC 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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Military Optronics Surveillance & Sighting Systems Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. APAC Military Optronics Surveillance & Sighting Systems – Market Dynamics
5.1 Market Drivers
5.1.1 Light-Weight Night Vision Devices Are Becoming More Popular
5.1.2 Increased Use of Next-Generation Technologies in Defense Systems
5.2 Market Restraints
5.2.1 Initial and Ongoing Costs are High
5.3 Market Opportunities
5.3.1 UAV Deployment Is Growing
5.4 Future Trends
5.4.1 Multiple Data Sharing and Storing Facilities are in High Demand
6. Military Optronics Surveillance & Sighting Systems Market – APAC Overview
6.1 APAC Military Optronics Surveillance & Sighting Systems Market Revenue Forecast and Analysis
7. APAC Military Optronics Surveillance and Sighting Systems Market Analysis – By Technology
7.1 Overview
7.2 APAC Military Optronics Surveillance and Sighting Systems Market, By Technology (2020 and 2028)
7.3 Image Intensification
7.3.1 Overview
7.3.2 Image Intensification: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Military Laser Systems
7.4.1 Overview
7.4.2 Military Laser Systems: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Electro-Optics/Infrared
7.5.1 Overview
7.5.2 Electro-Optics/Infrared: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Military Optronics Surveillance and Sighting Systems Market Analysis – By Device Type
8.1 Overview
8.2 APAC Military Optronics Surveillance and Sighting Systems Market, by Device Type (2020 and 2028)
8.3 Night Vision Devices
8.3.1 Overview
8.3.2 Night Vision Devices: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Handheld Thermal Imaging Devices
8.4.1 Overview
8.4.2 Handheld Thermal Imaging Devices: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Integrated Observation Equipment
8.5.1 Overview
8.5.2 Integrated Observation Equipment: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Standalone Infrared
8.6.1 Overview
8.6.2 Standalone Infrared: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Seismic and Acoustic Sensors
8.7.1 Overview
8.7.2 Seismic and Acoustic Sensors: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Military Optronics Surveillance and Sighting Systems Market Analysis– By Platform
9.1 Overview
9.2 APAC Military Optronics Surveillance and Sighting Systems Market, by Platform (2020 and 2028)
9.3 Ground
9.3.1 Overview
9.3.2 Ground: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Airborne
9.4.1 Overview
9.4.2 Airborne: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Naval
9.5.1 Overview
9.5.2 Naval: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Military Optronics Surveillance & Sighting Systems Market – Country Analysis
10.1 Overview
10.1.1 APAC: Military Optronics Surveillance & Sighting Systems Market, By Country
10.1.1.1 Australia: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Military Optronics Surveillance & Sighting Systems Market, By Technology
10.1.1.1.2 Australia: Military Optronics Surveillance & Sighting Systems Market, By Device Type
10.1.1.1.3 Australia: Military Optronics Surveillance & Sighting Systems Market, By Platform
10.1.1.2 China: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Military Optronics Surveillance & Sighting Systems Market, By Technology
10.1.1.2.2 China: Military Optronics Surveillance & Sighting Systems Market, By Device Type
10.1.1.2.3 China: Military Optronics Surveillance & Sighting Systems Market, By Platform
10.1.1.3 India: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Military Optronics Surveillance & Sighting Systems Market, By Technology
10.1.1.3.2 India: Military Optronics Surveillance & Sighting Systems Market, By Device Type
10.1.1.3.3 India: Military Optronics Surveillance & Sighting Systems Market, By Platform
10.1.1.4 Japan: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Military Optronics Surveillance & Sighting Systems Market, By Technology
10.1.1.4.2 Japan: Military Optronics Surveillance & Sighting Systems Market, By Device Type
10.1.1.4.3 Japan: Military Optronics Surveillance & Sighting Systems Market, By Platform
10.1.1.5 South Korea: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Military Optronics Surveillance & Sighting Systems Market, By Technology
10.1.1.5.2 South Korea: Military Optronics Surveillance & Sighting Systems Market, By Device Type
10.1.1.5.3 South Korea: Military Optronics Surveillance & Sighting Systems Market, By Platform
10.1.1.6 Rest of APAC: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Military Optronics Surveillance & Sighting Systems Market, By Technology
10.1.1.6.2 Rest of APAC: Military Optronics Surveillance & Sighting Systems Market, By Device Type
10.1.1.6.3 Rest of APAC: Military Optronics Surveillance & Sighting Systems Market, By Platform
11. APAC Military Optronics Surveillance & Sighting Systems Market - COVID-19 Impact Analysis
11.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
12.2 New Development
13. Company Profiles
13.1 HENSOLDT
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Lockheed Martin Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Thales Group
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 L3Harris Technologies, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Israel Aerospace Industries Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Raytheon Technologies Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Safran
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Ultra Electronics Holdings plc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Teledyne FLIR LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Rafael Advanced Defense Systems Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Military Optronics Surveillance & Sighting Systems Market Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Military Optronics Surveillance & Sighting Systems Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Military Optronics Surveillance & Sighting Systems Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Military Optronics Surveillance & Sighting Systems Market, By Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Military Optronics Surveillance & Sighting Systems Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 6. China Military Optronics Surveillance & Sighting Systems Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 7. China Military Optronics Surveillance & Sighting Systems Market, By Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. China Military Optronics Surveillance & Sighting Systems Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 9. India Military Optronics Surveillance & Sighting Systems Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 10. India Military Optronics Surveillance & Sighting Systems Market, By Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. India Military Optronics Surveillance & Sighting Systems Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Military Optronics Surveillance & Sighting Systems Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan Military Optronics Surveillance & Sighting Systems Market, By Device Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan Military Optronics Surveillance & Sighting Systems Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Military Optronics Surveillance & Sighting Systems Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea Military Optronics Surveillance & Sighting Systems Market, By Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea Military Optronics Surveillance & Sighting Systems Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC Military Optronics Surveillance & Sighting Systems Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC Military Optronics Surveillance & Sighting Systems Market, By Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC Military Optronics Surveillance & Sighting Systems Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Military Optronics Surveillance & Sighting Systems Market Segmentation
Figure 2. APAC Military Optronics Surveillance & Sighting Systems Market Segmentation – By Country
Figure 3. APAC Military Optronics Surveillance & Sighting Systems Market Overview
Figure 4. APAC Military Optronics Surveillance & Sighting Systems Market, by Technology
Figure 5. APAC Military Optronics Surveillance & Sighting Systems Market, by Device Type
Figure 6. APAC Military Optronics Surveillance & Sighting Systems Market, by Platform
Figure 7. APAC Military Optronics Surveillance & Sighting Systems Market, By Country
Figure 8. Porter’s Five Forces Analysis
Figure 9. Ecosystem Analysis
Figure 10. APAC Military Optronics Surveillance & Sighting Systems Market: Impact Analysis of Drivers and Restraints
Figure 11. APAC Military Optronics Surveillance & Sighting Systems Market Revenue Forecast and Analysis (US$ Million)
Figure 12. APAC Military Optronics Surveillance and Sighting Systems Market Revenue Share, by Technology (2020 and 2028)
Figure 13. APAC Image Intensification: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Military Laser Systems: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Electro-Optics/Infrared: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Military Optronics Surveillance and Sighting Systems Market Revenue Share, by Device Type (2020 and 2028)
Figure 17. APAC Night Vision Devices: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Handheld Thermal Imaging Devices: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Integrated Observation Equipment: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Standalone Infrared: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Seismic and Acoustic Sensors: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Others: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Military Optronics Surveillance and Sighting Systems Market Revenue Share, by Platform (2020 and 2028)
Figure 24. APAC Ground: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Airborne: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC Naval: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. APAC: Military Optronics Surveillance & Sighting Systems Market, by Key Country – (2020) (US$ Million)
Figure 28. APAC: Military Optronics Surveillance & Sighting Systems Market Revenue Share, By Country (2020 and 2028)
Figure 29. Australia: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. China: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. India: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Japan: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. South Korea: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of APAC: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in APAC Country Markets
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC military optronics surveillance and sighting systems market
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- The key findings and recommendations highlight crucial progressive industry trends in the APAC military optronics surveillance and sighting systems market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the military optronics surveillance and sighting systems market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution