{"product_id":"global-military-optronics-surveillance-and-sighting-systems-market-2023-2030","title":"Global Military Optronics Surveillance And Sighting Systems Market 2023-2030","description":"\u003cp\u003eGlobal Military Optronics Surveillance And Sighting Systems Market 2023-2030\u003c\/p\u003e\n\n\u003cp\u003eMARKET OUTLOOK\u003c\/p\u003e\n\n\u003cp\u003eTriton Market Research’s analysis shows that the global military optronics surveillance and sighting systems market would register growth at a CAGR of 5.70% in the projected period from 2023 to 2030.\u003c\/p\u003e\n\n\u003cp\u003eFactors such as strained relations between neighboring countries \u0026amp; soaring border conflicts, and the escalating use of UAV systems are major factors driving the studied market. In addition, increasing efforts by countries to develop advanced defense technologies are also contributing to market growth.\u003c\/p\u003e \n\n\u003cp\u003eAdditionally, the growing demand for combat-protective military equipment and the advancement in radar technologies present lucrative growth opportunities for the market.\u003c\/p\u003e\n\n\u003cp\u003eHowever, the market is also plagued by challenges, such as the high expenditure associated with military equipment, an insufficient supply of military-grade chips, and the rise in cyber-attacks on defense systems, which hamper its growth.\u003c\/p\u003e \n\n\u003cp\u003eREGIONAL OUTLOOK\u003c\/p\u003e\n\n\u003cp\u003eThe global market for military optronics surveillance and sighting systems spans across the Asia-Pacific, North America, Europe, the Middle East and Africa, and Latin America.\u003c\/p\u003e \n\n\u003cp\u003eThe Asia-Pacific is expected to witness the fastest growth in the global market over the forecast period. The surging geopolitical tensions and constant border threats have resulted in intense border patrolling and surveillance in South-East Asia, which has majorly driven the adoption of military optronics surveillance and sighting systems in this region.\u003c\/p\u003e\n\n\u003cp\u003eOn the other hand, the market in North America accounted for the dominant revenue share globally in 2022. Extensive patrolling and surveillance at the borders, particularly across the south-west border of the United States, to eliminate the flow of guns, money, \u0026amp; drugs and to facilitate lawful travel \u0026amp; commercial activities have bolstered the studied market in the region.\u003c\/p\u003e\n\n\u003cp\u003eCOMPETITIVE OUTLOOK\u003c\/p\u003e\n\n\u003cp\u003eThe key players profiled in the report on the military optronics surveillance and sighting systems market include Safran Group, Rafael Advanced Defense Systems Ltd, General Dynamics Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Airbus Group SE, Thales Group, Northrop Grumman Corporation, BAE Systems PLC, and Israel Aerospace Industries.\u003c\/p\u003e\n\n\u003cp\u003eThales Group is a France-based multinational company providing smart technologies, electronic systems, services, software, and equipment to ground transportation, defense \u0026amp; security, space, aerospace, digital, and “deep tech” innovations, such as big data, connectivity, artificial intelligence, and quantum technology.\u003c\/p\u003e \n\n\u003cp\u003eThe group’s major end-users include armed forces, aircraft manufacturers, airlines, telecommunications operators, rail transport operators, satellite operators, scientific institutions, and space agencies.\u003c\/p\u003e \n\n\u003cp\u003eEstablished in 1893, it is headquartered in Paris, France. Thales Group has a wide geographic presence, and operates in 56 countries across Europe, the Asia-Pacific, the Americas, Africa, and the Middle East. In the first nine months of 2022, it observed solid commercial growth of 41%, with an order intake of $15.30 billion.\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"January, 2023 \/ 191 Pages \/ MCW16266257","offer_id":47699360776498,"sku":null,"price":3300.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-military-optronics-surveillance-and-sighting-systems-market-2023-2030","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}