Military Thermal Imaging Market 2024 Definition, Size, Share, Segmentation and Forecast data by 2030

Military Thermal Imaging Market Report Overview

The report looks at current and future circumstances in the Military Thermal Imaging Market, providing unique insights and up-to-date data for important segments. The study covers important research issues in the Military Thermal Imaging industry, such as revenue generation, sales, and total income. To provide a comprehensive view, the study examines two distinct scenarios that include the whole Military Thermal Imaging market, including expected Military Thermal Imaging sales during the forecast period.

Anticipated Growth in Revenue:

Military Thermal Imaging Market size was valued at USD 781.65 Million in 2023 and the total Military Thermal Imaging revenue is expected to grow at a CAGR of 5.6% from 2024 to 2030, reaching nearly USD 1144.61 Million.

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Military Thermal Imaging Market Dynamics:

Increased Focus on Border Security

Protecting countries' borders against the illegal flow of firearms, narcotics, contraband, and people, while encouraging lawful entry and departure and trade, is critical to homeland security, economic success, and national sovereignty. Ensuring the protection of a country's borders is critical for national security. However, spotting prospective intruders or smugglers in adverse settings such as full darkness and varying weather conditions can be extremely difficult. Thermal imaging cameras are a crucial tool for border control experts, allowing them to efficiently address the demands they face during nighttime operations and in low-light conditions. These cameras improve situational awareness by sensing heat signatures, allowing them to identify humans or objects that might otherwise go undetected.

Military Thermal Imaging Market Report Scope and Research Methodology:

The primary purpose of the Military Thermal Imaging market study is to provide a thorough analysis in clear and simple terms. The analysis covers all of the major companies and essential features of the Military Thermal Imaging market, assessing numerous metrics such as volume, share, growth, and strategy. This research not only helps established organisations refine their operating plans, but it also provides strategic recommendations to new entrants. MMR’s research delves deeply into the Military Thermal Imaging market, identifying the leading worldwide businesses based on parameters such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and potential Military Thermal Imaging market entrants. Furthermore, the global research for the Military Thermal Imaging market provides a detailed breakdown of regional share distribution, as well as an examination of development drivers in each area.

Military Thermal Imaging Market Segmentation:

by Type
Fixed Thermal Cameras
Handheld Thermal Cameras

by Product Type
Thermal Cameras
Thermal Scopes
Thermal Binoculars
Thermal Modules
Others

According to product type, the thermal cameras segment led the global military thermal imaging market with the most revenue share in 2023 and is predicted to increase at a CAGR of 5.25% over the forecast period. Thermal network cameras produce images using the principles of infrared (IR) radiation. The thermal camera works as a heat sensor, detecting temperature variations between objects and the scene itself. Rather than a picture of light, a thermal image is a visual representation of heat. An object emits more heat, therefore it appears brighter in a thermal image. When combined with security staff or monitoring, thermal imaging cameras are a considerably more successful technique to catching would-be intruders before they cause damage or steal stuff.

by Technology
Cooled
Uncooled

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Military Thermal Imaging Market Regional Insights:

North America led the military thermal imaging market with the highest market share of 35.4% in 2023. The region is further expected to grow at a CAGR of 5.8% and dominate the market by 2030. United States in particular is expected to be the lucrative country, generating significant revenue share by 2030. Thermal imaging systems have witnessed a paradigm shift in recent years due to their increasing use in military and defense applications. The army and navy widely adopt thermal imaging technology for border surveillance and law enforcement. In addition, the technology further finds application in ship collision avoidance and guidance systems, ensuring safer navigation at sea. Similarly, in the aviation industry, it has significantly reduced the hazards associated with flying during low light and nighttime conditions.

Military Thermal Imaging Market Key Players:

1. FLIR Systems, Inc. (United States)
2. L3Harris Technologies, Inc. (United States)
3. BAE Systems plc (United Kingdom)
4. Leonardo S.p.A. (Italy)
5. Raytheon Technologies Corporation (United States)
6. Thales Group (France)
7. Safran S.A. (France)
8. Lockheed Martin Corporation (United States)
9. Elbit Systems Ltd. (Israel)
10. HGH Infrared Systems (France)
11. Collins Aerospace (United States)
12. ULIS (France)
13. Excelitas Technologies Corp. (United States)
14. Sofradir (France)
15. Seek Thermal (United States)
16. Xenics (Belgium)
17. ULIRVISION Technology Co., Ltd. (China)
18. Opgal (Israel)
19. Optronics Ltd. (Israel)
20. Nippon Avionics Co., Ltd. (Japan)
21. Tonbo Imaging (India)
22. DRS Technologies, Inc. (United States)
23. General Dynamics Corporation (United States)
24. Roketsan A.S. (Turkey)
25. Hikvision Digital Technology Co., Ltd. (China)

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Table of Content: Military Thermal Imaging Market

Part 01: Executive Summary

Part 02: Scope of the Military Thermal Imaging Market Report

Part 03: Military Thermal Imaging Market Landscape

Part 04: Military Thermal Imaging Market Sizing

Part 05: Military Thermal Imaging Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key Offerings:

• Past Market Size and Competitive Landscape (2023-2029)
• Past Pricing and price curve by region (2023-2029)
• Market Size, Share, Size Forecast by different segment | 2024-2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segments and their sub-segments
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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