Global Military Thermal Imaging Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Pune , India – February 19, 2019 /MarketersMedia/ —
Military Thermal Imaging Market Research Report 2019 published By Market Research Future, provides information on Global Military Thermal Imaging Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Camera, Module, Scope), Application (Security & Surveillance, Monitoring & Inspection, Target Detection, Situational Awareness, & Others), End-user (Naval, Airborne, & Land), Platform (Man-Portable & Fixed Mounted) & Region – Forecast till 2023
The increasing reliance of reliance by military persons on advanced gadgets is increasing the defense budgets favorably to procure devices that offer the military personnel the tactical edge. Market reports connected to the aerospace industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market is expected to expand with a 6% CAGR in the period of the forecast.
The demand for thermal imaging equipment is increasing in the military due to benefits such as clear vision in low light situations, especially in military operations carried out at night. The market for military thermal imaging is expected to gain from the availability of high-performance imaging sensors and custom camera solutions. The escalation in global conflicts is expected to modify the demand that can be expected in the military thermal imaging market in the approaching period.
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The commencement of new technology is furthering the growth capability of the market. The market has the elements for displaying a better comparative or differential value. The market trends imply advantageous growth of the products that can bring in improvement to the product range and tackle the customer need better. The incidence of productive units is projected to generate more sales or greater margins as compared to its market adversaries. Considerable reductions in administrative finances are bringing more developments to the market. The making of a strong value chain is additionally encouraging the development of the market. The market contestants find themselves in a promising position with the capacity to handle the pace of change.
The main companies in military thermal imaging market globally are –
• Lockheed Martin Corporation (U.S.)
• Thales Group (France)
• FLIR Systems Inc. (U.S.)
• Teledyne Technologies Inc. (U.S.)
• Sofradir (France)
• Leonardo DRS (Italy)
• BAE Systems (U.K)
• L3 Technologies Inc. (U.S.)
• Raytheon Company (U.S.)
• Harris Corporation (U.S.)
• General Dynamics Mission Systems Inc (U.S.)
Feb 2019 FLIR Systems has distributed the initial batch of Black Hornet Personal Reconnaissance Systems for function in the U.S. Army. The units being distributed now were initially ordered in June 2018 when the U.S. Army gave the first SBS phase contract to FLIR. Currently, FLIR’s Unmanned Systems & Integrated Solutions business division has been given a $39.6 million order for additional Black Hornet units. The Black Hornet can take live video and still images through electro-optical (EO) and thermal imaging (TI) sensors.
The military thermal imaging market has been segmented on the basis of application, type, platform, end-user, and region. On the basis of type, the military thermal imaging market comprises of module, camera, and scope. The application-based segmentation of the military thermal imaging market consists of monitoring & inspection, situational awareness, security & surveillance, target detection, and others. The end-user based segmentation of the military thermal imaging market comprises of airborne, naval, and land. The segmentation of the market on the basis of platform consists of fixed mounted and man portable. The regions studied in the military thermal imaging market are North America, the Middle East, Asia Pacific, Europe, Africa, and Latin America.
Detailed Regional Analysis
The regional analysis of the military thermal imaging market consists of markets such as Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. The North American region is anticipated to lead the market in the approaching years, owing to the incidence of thermal imaging product builders and R&D centers in this region. The Asia Pacific region shadows the North America region in the military thermal imaging market globally and is projected to trail the North American region during the forecast period. The key factors motivating the development in demand would be the growing distribution of thermal imaging technology in several military applications and growing military expenses by developing economies, such as China and India. Consequently, the military thermal imaging market globally is estimated to observe exceptional growth in the duration of the forecast period.
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Scope of Report
The report for Global Military Thermal Imaging Market of Market Research Future comprises extensive primary research, along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders; it helps the reader gain a deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, including historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also contains a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
List of Tables
Table 1 Global Military Thermal Imaging Market: by Region, 2018-2023
Table 2 North America Military Thermal Imaging Market: by Country, 2018-2023
Table 3 Europe Military Thermal Imaging Market: by Country, 2018-2023
Table 4 Asia Pacific Military Thermal Imaging Market: by Country, 2018-2023
Table 5 Middle East & Africa Military Thermal Imaging Market: by Country, 2018-2023
Table 6 Latin America Military Thermal Imaging Market: by Country, 2018-2023
Table 7 Global Military Thermal Imaging Market, by Type, by Regions, 2018-2023
Table 8 North America Military Thermal Imaging Market, by Type, by Country, 2018-2023
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