The Europe military optronics surveillance & sighting systems market is predicted to grow with a CAGR of 5.49% over the forecast period of 2022 to 2030, capturing a revenue share of $5007.95 million by 2030.
EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET FORECAST 2022-2030
Europe Military Optronics Surveillance & Sighting Systems Market by Technology (Image Intensification, Military Laser Systems, Electro-optics/infrared) Market by Platform (Ground, Airborne, Naval) Market by Device Type (Night Vision Devices, Handheld Thermal Imaging Devices, Integrated Observation Equipment, Standalone Infrared, Seismic and Acoustic Sensors, Other Devices) By Geography
The Europe military optronics surveillance & sighting systems market is predicted to grow with a CAGR of 5.49% over the forecast period of 2022 to 2030, capturing a revenue share of $5007.95 million by 2030.
The market growth of the region is facilitated by the rising geopolitical unrest among NATO countries and Russia, increasing trade and political alliances, as well as the surge in the number of refugees across European borders. However, the Europe military optronics surveillance & sighting systems market may be restrained due to fragmented nation-state defense policies and the presence of underdeveloped military power.
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The Europe military optronics surveillance & sighting systems market growth assessment encompasses the study of the United Kingdom, Belgium, France, Germany, Italy, Spain, Poland, and Rest of Europe. The United Kingdom’s army ranks third among all European nations, with nearly 194,000 active personnel as well as 231,000 military personnel. In 2021, the nation announced an additional £8.6-billion investment in army equipment over the upcoming decade, in order to transform the military into a more agile, lethal, integrated, and expeditionary force. The United Kingdom’s government is also planning to introduce novel equipment, such as un-crewed aerial systems, long-range precision fires, Ajax, Boxer, AH-64E Apache, and Challenger 3. In addition, the country’s armed forces are also set to invest a substantial share of £6.6-billion within the research and development segment.
On the other hand, Germany’s army, known as the Bundeswehr, possesses a strength of 62,766 soldiers, as of January 2022. The country’s government has also announced that the army would receive funding worth $110.6 billion. However, the German armed forces have been plagued by multiple issues, such as extremism in its ranks, manpower shortages, and hardware problems. As a result, the national defense policy will place significant emphasis on defense preparedness supporting diplomacy. Since cyber-attacks are now a part of modern combat, the policy will also focus on a futuristic perspective, primarily through investments in cybersecurity. Hence, these factors are anticipated to influence the military optronics surveillance & sighting systems market growth in Europe over the forecast period.
The Europe military optronics surveillance & sighting systems market is segmented into technology, platform, and device type. The technology category is further segmented into image intensification, military laser systems, and electro-optics/infrared. Image intensification is a critical principle of night vision, involving the conversion of energy particles occurring within a vacuum tube. It works by collecting photons through an objective lens and subsequently altering them into electrons via a photocathode. This increases electrical energy through the use of a microchannel plate (MCP) and converts it back to light with a phosphor screen, thus producing an image for viewing through an eyepiece lens.
Conversely, applications of battlefield lasers comprise range finding, target tracking, target designation, as well as guidance. Military laser systems and devices are also used in conjunction with squad weapons such as light machine guns (LMGs), assault rifles, and others.
Leading firms operating in the Europe military optronics surveillance & sighting systems market are Airbus SE, Safran Group, Hensoldt AG, Dassault Aviation SA, etc.
Safran Group, headquartered in France, is a multinational manufacturer mainly engaged in aircraft equipment, defense, space, and aircraft propulsion segments. The company’s Euroflir™ 410 is a high-resolution multispectral camera with up to 10 sensors in a single LRU. It operates in four spectral wavebands, namely, TV, SWIR, NIR, and MWIR.
Report Synopsis
| Report Scope | Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Technology, Platform, Device Type |
| Countries Analyzed | The United Kingdom, Germany, France, Italy, Spain, Poland, Belgium, and Rest of Europe |
| Companies Analyzed | Airbus Group SE, BAE Systems PLC, General Dynamics Corporation, Hensoldt AG, Israel Aerospace Industries, L3Harris Technologies Inc, Leidos Inc, Lockheed Martin Corporation, Northrop Grumman Group, Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corporation, Safran Group, Teledyne FLIR LLC, Thales Group, Ultra Group |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- RISING BORDER CONFLICTS AND STRAINED NEIGHBOURING COUNTRY RELATIONS
- GROWING COMPETITION REGARDING TECHNOLOGIES
- NEED FOR RAPID INTEL
- KEY RESTRAINTS
- MILITARY-GRADE CHIP SHORTAGE IN THE INDUSTRY
- HIGH COST OF MILITARY EQUIPMENT
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- KEY BUYING CRITERIA
- BRAND NAME
- COMPETITIVE PRICING
- PRODUCT FEATURES
- MARKET BY TECHNOLOGY
- IMAGE INTENSIFICATION
- MILITARY LASER SYSTEMS
- ELECTRO-OPTICSINFRARED
- MARKET BY PLATFORM
- GROUND
- AIRBORNE
- NAVAL
- MARKET BY DEVICE TYPE
- NIGHT VISION DEVICES
- HANDHELD THERMAL IMAGING DEVICES
- INTEGRATED OBSERVATION EQUIPMENT
- STANDALONE INFRARED
- SEISMIC AND ACOUSTIC SENSORS
- OTHER DEVICES
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZES & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- BELGIUM
- POLAND
- REST OF EUROPE
- EUROPE
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- AIRBUS GROUP SE
- BAE SYSTEMS PLC
- GENERAL DYNAMICS CORPORATION
- HENSOLDT AG
- ISRAEL AEROSPACE INDUSTRIES
- L3HARRIS TECHNOLOGIES INC
- LEIDOS INC
- LOCKHEED MARTIN CORPORATION
- NORTHROP GRUMMAN GROUP
- RAFAEL ADVANCED DEFENSE SYSTEMS LTD
- RAYTHEON TECHNOLOGIES CORPORATION
- SAFRAN GROUP
- TELEDYNE FLIR LLC
- THALES GROUP
- ULTRA GROUP
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS
TABLE 2: BORDER DISPUTES AROUND THE WORLD
TABLE 3: COMMONLY EMPLOYED MILITARY SURVEILLANCE ON BORDERS
TABLE 4: MILITARY EXPENDITURE OF COUNTRIES IN 2020
TABLE 5: STEALTH WEAPONS IN MODERN WARFARE
TABLE 6: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY PLATFORM, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY PLATFORM, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY DEVICE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY DEVICE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 12: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 14: LEADING PLAYERS OPERATING IN EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET
TABLE 15: LIST OF MERGERS & ACQUISITIONS
TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 18: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021
FIGURE 8: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY IMAGE INTENSIFICATION, 2022-2030 (IN $ MILLION)
FIGURE 9: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY MILITARY LASER SYSTEMS, 2022-2030 (IN $ MILLION)
FIGURE 10: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY ELECTRO-OPTICS/INFRARED, 2022-2030 (IN $ MILLION)
FIGURE 11: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, GROWTH POTENTIAL, BY PLATFORM, IN 2021
FIGURE 12: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY GROUND, 2022-2030 (IN $ MILLION)
FIGURE 13: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY AIRBORNE, 2022-2030 (IN $ MILLION)
FIGURE 14: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY NAVAL, 2022-2030 (IN $ MILLION)
FIGURE 15: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, GROWTH POTENTIAL, BY DEVICE TYPE, IN 2021
FIGURE 16: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY NIGHT VISION DEVICES, 2022-2030 (IN $ MILLION)
FIGURE 17: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY HANDHELD THERMAL IMAGING DEVICES, 2022-2030 (IN $ MILLION)
FIGURE 18: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY INTEGRATED OBSERVATION EQUIPMENT, 2022-2030 (IN $ MILLION)
FIGURE 19: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY STANDALONE INFRARED, 2022-2030 (IN $ MILLION)
FIGURE 20: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY SEISMIC AND ACOUSTIC SENSORS, 2022-2030 (IN $ MILLION)
FIGURE 21: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, BY OTHER DEVICES, 2022-2030 (IN $ MILLION)
FIGURE 22: EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 23: UNITED KINGDOM MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 24: GERMANY MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 25: FRANCE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 26: ITALY MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 27: SPAIN MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 28: BELGIUM MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 29: POLAND MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 30: REST OF EUROPE MILITARY OPTRONICS SURVEILLANCE & SIGHTING SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZES & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- BELGIUM
- POLAND
- REST OF EUROPE
- EUROPE
- MARKET BY TECHNOLOGY
- IMAGE INTENSIFICATION
- MILITARY LASER SYSTEMS
- ELECTRO-OPTICSINFRARED
- MARKET BY PLATFORM
- GROUND
- AIRBORNE
- NAVAL
- MARKET BY DEVICE TYPE
- NIGHT VISION DEVICES
- HANDHELD THERMAL IMAGING DEVICES
- INTEGRATED OBSERVATION EQUIPMENT
- STANDALONE INFRARED
- SEISMIC AND ACOUSTIC SENSORS
- OTHER DEVICES
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