Asia-pacific Military Optronics Surveillance & Sighting Systems Market Forecast 2022-2030

Asia-pacific Military Optronics Surveillance & Sighting Systems Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific military optronics surveillance & sighting systems market is set to record a 6.20% CAGR between the estimated years 2022 and 2030. Constant threats at the borders, rising geopolitical tension, extensive research & development, and high military expenditures drive the market growth.

MARKET INSIGHTS

The Asia-Pacific military optronics surveillance & sighting systems market growth assessment includes the evaluation of South Korea, Vietnam, Japan, Australia & New Zealand, Thailand, Indonesia, India, China, and Rest of Asia-Pacific. South Korea is developing a surface-to-surface ballistic missile, similar to a tactical nuclear warhead. The country is heavily invested in developing new capabilities, including programs designed to improve domestic production, enhance cooperation with other states, and embrace emerging technologies. The defense industry of South Korea also exports South Korean tanks, missiles, etc., to boost the military optronics market.

On the other hand, Japan’s military power consists of approximately 900 warplanes. Moreover, the navy consists of 48 destroyers, including 20 submarines and eight armed Aegis missile-combat systems. Japan has rapidly stepped up its military role in its alliance with the United States and has purchased costly American weapons and equipment, including fighter jets and missile interceptors.

The Indonesian military deploys around 47 million active personnel with a $6.9 billion budget. Moreover, threats faced by Indonesia include violations of border areas, foreign intervention, separatism and terrorism. It includes the accelerated procurement of defense equipment, sustaining and upgrading existing materiel, and improving military infrastructure. Indonesia has sought defense technology from India to boost its security standing amid China’s expansion tendencies and is expected to focus on technology transfer and the development of local manufacturing industries in the defense sector.

COMPETITIVE INSIGHTS

Some key players operating in the market include the Aviation Industry Corporation of China, Israel Aerospace Industries, Rafael Advanced Defense System Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments