Asia Pacific Military Optronics Surveillance and Sighting Systems Market

The military optronics surveillance and sighting systems market in APAC is expected to grow from US$ 4,569.66 million in 2021 to US$ 7,028.55 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.

Australia, China, India, Japan, and South Korea are major economies in APAC. Unmanned systems have become an integral part of military forces worldwide as it reduces the risk of human lives. Due to various benefits offered by UAV, many countries such as the US, India, and China have allocated substantial budgets to deploy more UAVs in their military forces, primarily for surveillance applications. Deploying optronics surveillance and sighting system on unmanned platforms facilitates the transmission of surveillance and imagery data. The integration of unmanned systems with communication antennas and other surveillance equipment assists in various critical missions. Therefore, the increasing deployment of UAVs for airborne and naval surveillance and mapping missions is resulting in a growing need for optronics surveillance and sighting system that can be effectively integrated within the UAV platform without hampering its overall efficiency. Thus, several major industry players, including Rafael Advanced Defense Systems Ltd. and Lockheed Martin, in the military optronics surveillance and sighting system market emphasize developing and offering optronics surveillance and sighting system for UAV platform. Thus, the rising deployment of UAVs is the major factor driving the growth of the APAC military optronics surveillance and sighting systems market.  

The military electronics industry was hit hard in APAC during the first half of 2020 leading to massive decline in revenues across the stakeholders. The tremendous spread of the virus across the region resulted in declined military operations, restricted movement of military aircraft, disrupted supply chain across the military electronics sector, and lower defense electronics expenditure across different countries to fight the economic crisis caused by the pandemic during FY 2020. All the parameters showcased fall in demand for military optronics, surveillance, and sighting systems across the defense sector in APAC. Moreover, most of the countries across the region have lost a lot of revenues from their respective defense companies. For instance, Indian defense companies had already lost approx. US$ 3 billion in revenues between March and May in FY 2020, which has also affected 100 large defense firms and nearly 4,000 small and medium aerospace and defense businesses. The lockdown has also impacted the supply of local and foreign material for 50 major defense projects. In addition, as per the current scenario, the Indian-made weapons and platforms are designed to use 10–20% of imported components. The COVID-19 pandemic has disrupted the supply of such components for at least a year, that has also caused delays and cost overruns for majority of the defense programs. Furthermore, the demand for defense electronics has also witnessed a downfall during the FY 2020 across multiple Asian countries such as Taiwan, Australia, Japan, South Korea, and India. Such factors have impacted the market during FY 2020 across the APAC military optronics, surveillance, and sighting systems market.  

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC military optronics surveillance and sighting systems market. The APAC military optronics surveillance and sighting systems market is expected to grow at a good CAGR during the forecast period.

APAC Military Optronics Surveillance and Sighting Systems

Market Revenue and Forecast to 2028 (US$ Million)

APAC Military Optronics Surveillance and Sighting Systems Market Segmentation

APAC Military Optronics Surveillance and Sighting Systems Market – By Technology

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

APAC Military Optronics Surveillance and Sighting Systems Market – By

Device Type

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

APAC Military Optronics Surveillance and Sighting Systems Market – By Platform

• Ground
• Airborne
• Naval

APAC Military Optronics Surveillance and Sighting Systems Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Military Optronics Surveillance and Sighting Systems Market - Companies Mentioned  

• 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.

Asia Pacific Military Optronics Surveillance and Sighting Systems Strategic Insights

Strategic insights for the Asia Pacific Military Optronics Surveillance and Sighting Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Military Optronics Surveillance and Sighting Systems Report Scope

Asia Pacific Military Optronics Surveillance and Sighting Systems Regional Insights

The geographic scope of the Asia Pacific Military Optronics Surveillance and Sighting Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.