Middle East and Africa Military Optronics Surveillance and Sighting Systems Market

Market Introduction

The MEA military optronics surveillance & sighting systems market is further segmented into Saudi Arabia, UAE, South Africa, and the Rest of MEA. The region is anticipated to witness a considerable growth in the demand for military optronics surveillance and sighting systems in coming years. The Gulf countries are economically advanced, while the African countries are still in the developing state as compared to the Gulf countries. Most of the countries in the region have stagnant economic growth owing to violence, lack of education, civil war, uncertain political situation. Countries such as Syria, Egypt, Turkey, Jordan, and Iraq have faced direct and indirect economic effects on war on them. Various developing countries in this region get defense aid from other developed countries of the world. 

The COVID-19 pandemic had negatively impacted the entire MEA military technology industry. The countries in the region-imposed lockdowns early 2020 to curb the spread of the virus, which impaired the entire aviation industry ecosystem. MEA has a limited number of military optronics, surveillance, and sighting system suppliers for the military forces. Therefore, the region rely heavily on international suppliers. Thus, the emergence of COVID-19 pandemic is declining the growth of the market. Furthermore, the region has also witnessed a decline of nearly 2% in its military expenditure compared to the expenditure in FY 2020. For instance, in 2019 the military expenditure in MEA was around US$ 179,884 million that was declined to an estimated value of US$ 176,681 million in 2020. Owing to this, the military optronics surveillance & sighting systems market in MEA observed negative year-on-year growth in 2020.         

Market Overview and Dynamics

The military optronics surveillance and sighting systems market in MEA is expected to grow from US$ 1,004.34 million in 2021 to US$ 1,206.50 million by 2028; it is estimated to grow at a CAGR of 2.7% from 2021 to 2028. Night vision device provides soldiers with greater situational awareness by illuminating the surroundings during nighttime operations. while thermal imaging help soldiers locate a target in poor visibility conditions. Earlier, night vision devices used relatively heavier components, adding weight to a soldier. Various market players are now introducing lightweight products. For example, ACTinBlack has developed a lightweight binocular night vision device with high optical performance and an ergonomic design. Due to increasing innovation and rising threat of terrorist attacks at night Tthe emergence adoption of night vision devices is also increasing with thermal imaging is due to increasing innovation and rising threat of terrorist attacks at night. The drive toward highly advanced individual warfighter systems is currently picking up speed to equipping soldiers with optical devices, personnel protective equipment, and intelligence capabilities to enable them to perform on the modern battlefield. Moreover, high budget allocation for advanced military systems and equipment procurement, territorial disputes among the countries, and increasing attacks make imagery in decision-making processes crucial will rise the adoption of night vision optoelectronic devices.     

Key Market Segments

MEA military optronics surveillance and sighting systems market is segmented into technology, device type, platform, and country. The MEA military optronics surveillance and sighting systems market on the basis of technology is segmented into image intensification, military laser systems, electro-optics/infrared. electro-optics/infrared segment held the largest market share in 2020. Based on device type, the MEA military optronics surveillance and sighting systems market is segmented into night vision devices, handheld thermal imaging devices, integrated observation equipment, standalone infrared, seismic and acoustic sensors, and others. Seismic and acoustic sensors segment held the largest market share in 2020. On the basis of platform, the MEA military optronics surveillance and sighting systems market is segmented into ground, airborne, naval. Ground segment held the largest market share in 2020. Based on country, the MEA military optronics surveillance and sighting systems market is segmented into Saudi Arabia, South Africa, UAE, and rest of the MEA. Saudi Arabia held the largest market share in 2020.    

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the military optronics surveillance and sighting systems market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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, and Ultra Electronics Holdings plc.        

Reasons to buy report

• To understand the MEA military optronics surveillance and sighting systems market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA military optronics surveillance and sighting systems market.
• Efficiently plan M&A and partnership deals in MEA military optronics surveillance and sighting systems market by identifying market segments with the most promising probable sales.
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA military optronics surveillance and sighting systems market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA

Military optronics surveillance and sighting systems Market

Segmentation

MEA Military

Optronics Surveillance and Sighting Systems

Market -

By technology Type

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

MEA 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

MEA Military Optronics Surveillance and Sighting Systems Market – By Platform

• Ground
• Airborne
• Naval

MEA Military Optronics Surveillance and Sighting Systems Market – By

Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA 

MEA Military Optronics Surveillance and Sighting Systems Market - Company Profiles

• 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.

Middle East and Africa Military Optronics Surveillance and Sighting Systems Strategic Insights

Strategic insights for the Middle East and Africa 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.

Middle East and Africa Military Optronics Surveillance and Sighting Systems Report Scope

Middle East and Africa Military Optronics Surveillance and Sighting Systems Regional Insights

The geographic scope of the Middle East and Africa 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.