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NEW YORK , June 3, 2022 /PRNewswire/ -- One of the key trends in the military thermal weapon sights market is the emergence of wireless thermal weapon sights. For instance, the Enhanced Night Vision Goggle (ENVG) by BAE Systems combined image intensification and thermal imaging capabilities. The current version of ENVG III will have a wider FoV, high-resolution imaging capability, and wireless connectivity with the weapon-mounted thermal sight. Such developments in wireless thermal weapon sights are expected to continue during the forecast period, which will drive the growth of the market.
The military thermal weapon sights market share is expected to increase by USD 257.95 million from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 5.46% during the forecast period.
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Military Thermal Weapon Sights Market 2022-2026: Scope
The military thermal weapon sights market report covers the following areas:
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Military Thermal Weapon Sights Market 2022-2026: Driver and Challenge
The introduction of high-definition thermal imaging systems is driving the growth of the military thermal weapon sights market. The concept of high-definition (HD) has revolutionized imaging systems. Military imaging systems are using HD technology to detect, recognize, and strike targets from long ranges. Thus, the HD thermal imaging technology will drive the global military thermal weapon sights market growth during the forecast period.
Operational constraints in extreme weather conditions are challenging the growth of the military thermal weapon sights market. When subjected to large temperature differences, thermal weapon sights exhibit operational constraints. Moisture incursion or reticle fade is another issue, which occurs when these devices are used in a humid environment. Such flaws can affect the operations of as troops that generally operate in harsh environments. These factors are hampering the military thermal weapon sights market.
Military Thermal Weapon Sights Market 2022-2026: Vendor Analysis
The military thermal weapon sights market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
ASELSAN AS, American Technologies Network Corp., BAE Systems Plc, Elbit Systems Ltd., Excelitas Technologies Corp., General Starlight Co. Inc., L3Harris Technologies Inc., Leonardo Spa, Materion Corp., Raytheon Technologies Corp., Rheinmetall AG, Safran SA, Schmidt and Bender GmbH and Co. KG, Senop Oy, Sierra Pacific Innovations, Teledyne Technologies Inc., Thales Group, Thermoteknix Systems Ltd., Tonbo Imaging Pvt. Ltd., and Wuhan Guide Infrared Co. Ltd. are among some of the major market participants.
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Military Thermal Weapon Sights Market 2022-2026: Segmentation
Military Thermal Weapon Sights Market 2022-2026: Key Highlights
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Military Thermal Weapon Sights Market Scope
Decelerate at a CAGR of 5.46%
North America, APAC, Europe, Middle East and Africa, and South America
US, China, India, Russia, and France
Leading companies, competitive strategies, consumer engagement scope
ASELSAN AS, American Technologies Network Corp., BAE Systems Plc, Elbit Systems Ltd., Excelitas Technologies Corp., General Starlight Co. Inc., L3Harris Technologies Inc., Leonardo Spa, Materion Corp., Raytheon Technologies Corp., Rheinmetall AG, Safran SA, Schmidt and Bender GmbH and Co. KG, Senop Oy, Sierra Pacific Innovations, Teledyne Technologies Inc., Thales Group, Thermoteknix Systems Ltd., Tonbo Imaging Pvt. Ltd., and Wuhan Guide Infrared Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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