South America Military Optronics Surveillance and Sighting Systems Market

Market Introduction

SAM region majorly consist of countries, such as Brazil, Argentina, Chile and others. Majority of the countries in this region are still in the developing stage and their inclination towards advanced defence systems is increasing considerably. Colombia’s military expenditure in 2019 was US$ 10.16 billion which was reduced to US$ 9.21 billion in 2020. Peru’s military expenditure in 2019 was US$ 2.76 billion which decreased to US$ 2.63 billion in 2020. In 2018, Partner nation service members took part in a Subject Matter Expert Exchange where El Salvadoran Air Force aircraft personnel and U.S. Air Force aircrew flight equipment craftsmen shared knowledge regarding calibration of night vision goggles, its preventative maintenance and storage. The region can have more strategic alliances with other countries to enhance the existing defense capabilities. Also, to deal with the rising threat of terror attacks, countries in this region need to increase their military expenditure substantially.  

The COVID-19 pandemic had witnessed a negative impact on the entire SAM military technology industry. The countries in the region-imposed lockdowns in early 2020 to curb the spread of the virus, which impaired the entire aviation industry ecosystem. The region has a very limited number of military optronics, surveillance, and sighting system suppliers for the military forces in the region rely heavily on international suppliers. This is one of the key factors for the decline in revenues caused by the emergence of COVID-19.         

Market Overview and Dynamics

The military optronics surveillance and sighting systems market in SAM is expected to grow from US$ 386.00 million in 2021 to US$ 485.74 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2021 to 2028. Military optronics, surveillance, and sighting systems equip personnel with sufficient tools to identify, track, monitor, and engage threats in airborne, land, and naval warfare environment. These systems provide the armed force with precision detection, recognition, and identification of targets and situational awareness using an integration of high-performance optical components and advanced sensors. Additionally, the optronics, surveillance, and sighting systems find application in meeting the border control, base protection, reconnaissance, and intelligence gathering mission requirements. The technological advancements in optronics and surveillance systems, coupled with the ongoing demand of defense forces to upgrade their existing equipment and systems, are driving the SAM military optronics, surveillance, and sighting systems market.      

Key Market Segments

SAM military optronics surveillance and sighting systems market is segmented into technology, device type, platform, and country. The SAM 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 SAM 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 SAM 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 SAM military optronics surveillance and sighting systems market is segmented into Brazil, Argentina, and the rest of SAM. Brazil 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 SAM 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 SAM 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 SAM military optronics surveillance and sighting systems market.
• Efficiently plan M&A and partnership deals in SAM 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 SAM military optronics surveillance and sighting systems market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM

Military optronics surveillance and sighting systems Market

Segmentation

SAM Military

Optronics Surveillance and Sighting Systems

Market -

By technology Type

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

SAM 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

SAM Military Optronics Surveillance and Sighting Systems Market – By Platform

• Ground
• Airborne
• Naval

SAM Military Optronics Surveillance and Sighting Systems Market – By

Country

• Brazil
• Argentina
• Rest of SAM 

SAM 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.

South America Military Optronics Surveillance and Sighting Systems Strategic Insights

Strategic insights for the South America 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.

South America Military Optronics Surveillance and Sighting Systems Report Scope

South America Military Optronics Surveillance and Sighting Systems Regional Insights

The geographic scope of the South America 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.