North America 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, Naval)  

Code: TIPRE00026290 | Pages: 129 | Industry: Aerospace and Defense | Date: Dec 2021
Covid

Market Introduction

The military optronics surveillance & sighting systems market in North America is further segmented into the US, Canada, and Mexico. In 2020, the North American military optronics surveillance & sighting systems market was dominated by the US with around 72% market share, followed by Canada and Mexico. These developed economies spend considerable portion of their GDP on military expenditure. As per the World Bank collection of development indicators, which is compiled from officially recognized sources, military expenditure in United States is reported to be around 3.74 % of its GDP in 2020. Advanced technologies like multispectral technology utilized in airborne optronics with surveillance system, track & search system and others is expected to accelerate the demand from military and defense sector across the region.

The US has the highest military expenditure across the world that makes North America largest market for military technologies. Despite the COVID-19 pandemic, the worldwide military expenditure has witnessed a growth of nearly 4% wherein almost majority of countries have increased their military budget except few of the countries. Moreover, the US is known for its military power and highest spending in defense technology, accounted for around 29% of the total military optronics surveillance & sighting systems market in 2020, according to the study. Also, the US witnessed a decline of 3.4% in FY 2020 in the market owing to the pandemic challenges faced by the vendors for their operations during the FY 2020 where all other countries were also facing the demand and supply gap across their respective military technologies market. In addition, the military technology manufacturers observed drop in deliveries for new defense technologies, cancelation or rescheduling of military orders and deliveries. Also, labor shortage, and other factors that hampered their businesses and ability to deliver substantial volumes of new products to the customers. The increase in order backlogs and orders along with disrupted supply chain led to decline in the revenues of the military optronics surveillance & sighting systems market.           

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Market Overview and Dynamics

The military optronics surveillance and sighting systems market in North America is expected to grow from US$ 6,147.19 million in 2021 to US$ 8,328.13 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. US Army research laboratory’s Sensor and Electron Devices Directorate (SEDD) has developed quantum well infrared detector (QWID) technology. This technology is especially sensitive to infrared waves which are of mid-long lengths. Sensors Unlimited, a Collins Aerospace Company is the leader in short wave infrared InGaAs photodiodes, cameras and arrays for night vision technology. Sensors Unlimited works on various projects for the Department of Defense of the United Sates, through Defense Advanced Research Projects Agency (DARPA) and the Night Vision Laboratory (NVL) of the U.S. Army. Advanced technologies like multispectral technology utilized in airborne optronics with surveillance system, track & search system and others is expected to accelerate the demand from military and defense sector across the region. Excelitas Technologies Corp. is one of the well-known companies in the North America region that offers thermal cameras, missile optronics, maritime optronic solutions, laser designator optics and many other defense relevant products. Leonardo Land & Naval Defense Electronics provides leading edge capabilities in the domain of electro-optical (EO) systems and technologies. Considering growing threat of terrorist activities, demand for military optronics surveillance and sighting systems is anticipated to growing considerably in the North America region in coming years.   

Key Market Segments

North America military optronics surveillance and sighting systems market is segmented into technology, device type, platform, and country. The North America military optronics surveillance and sighting systems market on the basis of offering is segmented into image intensification, military laser systems, electro-optics/infrared. electro-optics/infrared segment held the largest market share in 2020. Based on device type, the North America military optronics surveillance and sighting systems market is segmented into night vision devices, handheld thermal imaging devices, integrated observation equipment, standalone infrared, seismic and acoustic sensors, and others. Seismic and acoustic sensors segment held the largest market share in 2020. On the basis of platform, the North America military optronics surveillance and sighting systems market is segmented into ground, airborne, naval. Ground segment held the largest market share in 2020. Based on country, the North America military optronics surveillance and sighting systems market is segmented into US, Canada, and Mexico. The US held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the military optronics surveillance and sighting systems market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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, and Ultra Electronics Holdings plc.        

Reasons to buy report

  • To understand the North America military optronics surveillance and sighting systems market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America military optronics surveillance and sighting systems market.
  • Efficiently plan M&A and partnership deals in North America military optronics surveillance and sighting systems market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America military optronics surveillance and sighting systems market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Military optronics surveillance and sighting systems Market Segmentation

North America Military Optronics Surveillance and Sighting Systems Market - By Product Type

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

North America Military Optronics Surveillance and Sighting Systems Market - By Modularity

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

North America Military Optronics Surveillance and Sighting Systems Market - By

Industry Vertical

  • Ground
  • Airborne
  • Naval

North America Military Optronics Surveillance and Sighting Systems Market – By

Country

  • US
  • Canada
  • Mexico

North America Military Optronics Surveillance and Sighting Systems Market - 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
  • Ultra Electronics Holdings plc.

TABLE OF CONTENTS

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.           North America 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.           North America Military Optronics Surveillance & Sighting Systems – Market Dynamics

5.1         Market Drivers

5.1.1        Light-Weight Night Vision Devices Getting Highly Adopted

5.1.2        Rising Usage of Next-Gen Technologies in Defense Systems

5.2         Market Restraints

5.2.1        Huge Initial and Maintenance Cost

5.3         Market Opportunities

5.3.1        Significant Deployment in UAVs

5.4         Future Trends

5.4.1        Surging Need for Multiple Data Sharing and Storing Facilities

6.           Military Optronics Surveillance & Sighting Systems Market – North America Overview

6.1         North America Military Optronics Surveillance & Sighting Systems Market Revenue Forecast and Analysis

7.           North America Military Optronics Surveillance and Sighting Systems Market Analysis – By Technology

7.1         Overview

7.2         North America 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.           North America Military Optronics Surveillance and Sighting Systems Market Analysis – By Device Type

8.1         Overview

8.2         North America 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.           North America Military Optronics Surveillance and Sighting Systems Market Analysis– By Platform

9.1         Overview

9.2         North America 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.        North America Military Optronics Surveillance & Sighting Systems Market – Country Analysis

10.1      Overview

10.1.1     North America: Military Optronics Surveillance & Sighting Systems Market, By Country

10.1.1.1       United States: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       United States: Military Optronics Surveillance & Sighting Systems Market, By Technology

10.1.1.1.2       United States: Military Optronics Surveillance & Sighting Systems Market, By Device Type

10.1.1.1.3       United States: Military Optronics Surveillance & Sighting Systems Market, By Platform

10.1.1.2       Canada: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Canada: Military Optronics Surveillance & Sighting Systems Market, By Technology

10.1.1.2.2       Canada: Military Optronics Surveillance & Sighting Systems Market, By Device Type

10.1.1.2.3       Canada: Military Optronics Surveillance & Sighting Systems Market, By Platform

10.1.1.3       Mexico: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Mexico: Military Optronics Surveillance & Sighting Systems Market, By Technology

10.1.1.3.2       Mexico: Military Optronics Surveillance & Sighting Systems Market, By Device Type

10.1.1.3.3       Mexico: Military Optronics Surveillance & Sighting Systems Market, By Platform

11.        North America Military Optronics Surveillance & Sighting Systems Market - COVID-19 Impact Analysis

11.1      North America: 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.             North America Military Optronics Surveillance & Sighting Systems Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Military Optronics Surveillance & Sighting Systems Market Revenue Share, By Country

Table 3.             United States Military Optronics Surveillance & Sighting Systems Market, By Technology– Revenue and Forecast to 2028 (US$ Million)

Table 4.             United States Military Optronics Surveillance & Sighting Systems Market, By Device Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             United States Military Optronics Surveillance & Sighting Systems Market, By Platform – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada Military Optronics Surveillance & Sighting Systems Market, By Technology– Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada Military Optronics Surveillance & Sighting Systems Market, By Device Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Canada Military Optronics Surveillance & Sighting Systems Market, By Platform – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico Military Optronics Surveillance & Sighting Systems Market, By Technology– Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico Military Optronics Surveillance & Sighting Systems Market, By Device Type – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Mexico Military Optronics Surveillance & Sighting Systems Market, By Platform – Revenue and Forecast to 2028 (US$ Million)

Table 12.          List of Abbreviation


LIST OF FIGURES

Figure 1.           North America Military Optronics Surveillance & Sighting Systems Market Segmentation

Figure 2.           North America Military Optronics Surveillance & Sighting Systems Market Segmentation – By Country

Figure 3.           North America Military Optronics Surveillance & Sighting Systems Market Overview

Figure 4.           North America Military Optronics Surveillance & Sighting Systems Market, by Technology

Figure 5.           North America Military Optronics Surveillance & Sighting Systems Market, by Device Type

Figure 6.           North America Military Optronics Surveillance & Sighting Systems Market, by Platform

Figure 7.           North America Military Optronics Surveillance & Sighting Systems Market, By Country

Figure 8.           Porter’s Five Forces Analysis

Figure 9.           Ecosystem Analysis

Figure 10.        North America Military Optronics Surveillance & Sighting Systems Market: Impact Analysis of Drivers and Restraints

Figure 11.        North America Military Optronics Surveillance & Sighting Systems Market Revenue Forecast and Analysis (US$ Million)

Figure 12.        North America Military Optronics Surveillance and Sighting Systems Market Revenue Share, by Technology (2020 and 2028)

Figure 13.        North America Image Intensification: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Military Laser Systems: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Electro-Optics/Infrared: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Military Optronics Surveillance and Sighting Systems Market Revenue Share, by Device Type (2020 and 2028)

Figure 17.        North America Night Vision Devices: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Handheld Thermal Imaging Devices: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America Integrated Observation Equipment: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Standalone Infrared: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America Seismic and Acoustic Sensors: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        North America Others: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        North America Military Optronics Surveillance and Sighting Systems Market Revenue Share, by Platform (2020 and 2028)

Figure 24.        North America Ground: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        North America Airborne: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        North America Naval: Military Optronics Surveillance and Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        North America: Military Optronics Surveillance & Sighting Systems Market, by Key Country – Revenue (2020) (US$ Million)

Figure 28.        North America: Military Optronics Surveillance & Sighting Systems Market Revenue Share, By Country (2020 and 2028)

Figure 29.        United States: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Canada: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Mexico: Military Optronics Surveillance & Sighting Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Impact of COVID-19 Pandemic on Market in North American Countries

  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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