Global Military Imaging System Market Overview:
Military Imaging System is used to improve the visibility and to enhance the clarity of objects, even in dark environmental conditions using infrared light. Furthermore, increasing the use of military imaging systems for security and border patrolling is promoting growth in market over the assessment period. The introduction of high definition imaging technologies is likely to drive the market significantly.
Military Imaging System Market Key Players:
The key players in the global military imaging system market are FLIR Systems Inc. (U.S.), Teledyne Technologies Inc. (U.S.), L3 Technologies Inc. (U.S.), Lockheed Martin Corporation (U.S.), Thales Group (France), BAE Systems (U.S.), Raytheon Company (U.S.), Harris Corporation (U.S.), General Dynamics Mission Systems Inc (U.S.), and Leonardo DRS (U.S.)
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Furthermore, the emergence of different types of radar, optronic, and IR sensors to guide gunfire is also anticipated to augment the effectiveness and accuracy of gunfire. This, on the other hand, is driving the global military imaging system market.
However, the global military imaging system market is bound to face hindrance in growth during the forecast period. Certain restraints in the operating performance of military imaging systems including issues with efficiency during extreme weather conditions are refraining the growth of the market to an extent. Further, difficulties faced in the manufacturing of high-resolution cameras and increased usage of smokescreen technologies are affecting the military imaging system market in a negative manner.
Moreover, increasing use of selective catalytic reduction technology and stringent government regulations are anticipated to foster growth in the military imaging system. Significant technological developments in the military imaging systems have also resulted in reduced capital costs and operational costs. The global military imaging system market is anticipated to expand at 9% CAGR through the assessment period.
Military Imaging System Market Segmentation:
The global military imaging market is studied for different segments to derive accurate analysis. Such segmentation has been done on the basis of type, technology, platform, application, and region. Based on type, the global military imaging system market is segmented into thermal imaging, multispectral imaging, and hyperspectral imaging. The thermal imaging segment is leading the global military imaging systems market due to its widespread application and day-night working capability. Additionally, its ability to perform in all weather conditions is one of the most prominent factors driving the adoption of the same.
Based on technology, the global military imaging system market is segmented into uncooled and cooled. The cooled technology is expected to outperform the uncooled segment. This can be owed to the higher imaging quality, high-speed applications, minute temperature difference, and augmented sensitivity of cooled thermal cameras.
Based on platform, the global military imaging system market is segmented into vehicle-mounted and man-portable. The man-portable segment is expected to hold a prominent share of the military imaging system market.
Based on application, the global military imaging system market is segmented into monitoring and inspection, security and surveillance, and detection. The security and surveillance segment is assessed to exhibit the highest CAGR through the forecast period.
Military Imaging System Market Detailed Regional Analysis:
The global military imaging system market is segmented into the regions of North America, South America, Asia Pacific, Europe, and the Middle East & Africa. North America is expected to spearhead the global military imaging system market during the forecast period. Such acceleration can be owed to the increasing terrorist threats in the US and Canada.
Europe is assessed to follow North America and garner the second-largest share in the global military imaging system market. This can be accredited to the ascension in demand for advanced tactical communication systems.
Asia Pacific’s military imaging system market is projected to grow at the fastest pace over the review period. This is causative of the increasing demand from India, China, Japan, and South Korea.
Military Imaging System Industry Update:
August 2019: Recently, the US Navy awarded the contract for supplies, repairs, and upgrades to sensor systems to FLIR Surveillance Inc., This contract was valued for USD 12.6 million and refers to Saffire III Electro-Optics Sensor Systems which offer image stabilization, thermal imaging, and color and low-light cameras.
Military Imaging System Market Table of Content:
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. . .
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