Military Imaging System Market - Showcases Growth Trends and Opportunity Forecast Until 2023

Posted June 14, 2019 by Savnipandit

The report categorizes the market based on Manufacturers Countries/Region, Types and Application
Increasing terrorist activities and the need for staying ahead of enemies have spurred the demand for constant vigilance. Vigilance can only be bettered with an efficient surveillance technology guided by the competent imaging system. This has given rise to research and development in imaging technology. The global market for a military imaging system is expecting a stellar 9% CAGR during the forecast period (2018-2023), reports Market Research Future (MRFR) in a detailed study. With the technological advent, high-resolution 3D imaging has now taken over the system. However, to become more effective it needs sufficient support from the visual section. New developments in the section have increased clarity and the ability to decipher position of the target even in the dark. Accurate location detection of the target has become imperative which has given rise to radar technology, optronic and infrared radiation (IR) sensors.

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Secondary factors such as stringent government regulations and increasing vehicle production have influenced the market significantly. Significant betterment of the imaging technology has resulted in reduced operational and capital costs benefitting governments more than ever.

Industry Trend:

In the battlefield, the cat and mouse chase often require multiple technologies to avert detection. On the other hand, it becomes difficult to find the enemy in such situations. Bearing that in mind China is trying to develop a ghost imaging technique which will enable its force to detect even the slightest light emitting out from its opponent. For it, China is revolutionizing the imaging technology by introducing a quantum sensor method in the system.

Regional Analysis:

The global market can be segmented zone-wise, such as North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and South America (LATAM).

North America is currently spearheading the market and is continually investing for better product development. Since 9/11 in 2001, the U.S. upped their investment in the sector to secure their country from further terrorist threats.

Europe assumes the second position. A series of terrorist attacks in the region in the past decade has influenced the market considerably. The market is getting proper support from the research and development sector.

The APAC is expecting the fastest CAGR during the assessment period owing to the presence of countries such as India, China, Japan and South Korea.

Market Competition:

The key players in the global military imaging system market are FLIR Systems Inc. (U.S.), Teledyne Technologies Inc. (U.S.), L3 Technologies Inc. (U.S.), Lockheed Martin Corporation (U.S.), Thales Group (France), BAE Systems (U.S.), Raytheon Company (U.S.), Harris Corporation (U.S.), General Dynamics Mission Systems Inc (U.S.), Leonardo DRS (U.S.), and others.

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Contact Email [email protected]
Issued By Savni
Country India
Categories Aerospace
Tags Military Imaging System Market
Last Updated June 14, 2019