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Military Thermal Weapon Sights Market

Military Thermal Weapon Sights Market

Military Thermal Weapon Sights Market Global Industry Assessment & Forecast

# Pages:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • By Product Gun-based thermal weapon sights, Vehicle-mounted thermal weapon sights
  • By Application Navy, Air force, Army
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 12.65 Billion
Revenue 2028Revenue 2028: 21.32 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 11.2
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Research Methodology: Military Thermal Weapon Sights Market - Global Market Assessment, 2021 - 2028

Vantage Market Research utilizes tried and tested approaches to arrive at each market-related projection and methodology is divided into a 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We have conducted more than 125 primary interviews for the Military Thermal Weapon Sights market either through mail or telephone call. Out of the total primary respondents, 28% were from North America, 32% were from Europe, 26% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA. 

Secondary Research

Primary Research:

At the later stage, the primary research is conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:

  • Overall Military Thermal Weapon Sights market size and regional/segmental trends
  • Company market share and competitive scenario
  • Validate and authorization of secondary research outcomes and findings
  • Further data collection and expertise development & market understandings

Data Triangulation and Market Size Estimations

Top-down and bottom-up approaches are used to validate and estimate the market size of the Military Thermal Weapon Sights market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. 

Frequently Asked Question
  • The global Military Thermal Weapon Sights valued at 12.65 Billion in 2020 and is expected to reach 21.32 Billion in 2028 growing at a CAGR of 11.2%.

  • The prominent players in the market are Raytheon Company, Excelitas Technologies, SGCI, Qioptiq, Thermoteknix, Thales Group, Leonardo DRS, FLIR Systems, Safran, Elbit Systems, ASELSAN, BAE Systems, Aselsan..

  • The market is project to grow at a CAGR of 11.2% between 2021 and 2028.

  • The driving factors of the Military Thermal Weapon Sights include

    • Increasing conflicts between nations is feuling the market for Military thermal weapons.
    • The increasing technological advancement in development of wireless thermal weapon sights is anticipated to augment the growth of the market in the years to come.

  • Asia Pacific was the leading regional segment of the Military Thermal Weapon Sights in 2020.