Global Military Thermal Imaging Camera Market Growth 2025-2031

The global Military Thermal Imaging Camera market size is predicted to grow from US$ 1505 million in 2025 to US$ 2174 million in 2031; it is expected to grow at a CAGR of 6.3% from 2025 to 2031.

The 2022 global military expenditure statistics report released by the Stockholm International Peace Research Institute (SIPRI) shows that global military expenditure will continue to grow for the eighth consecutive year in 2022, an increase of 3.7% compared to 2021, reaching a scale of 2.24 trillion US dollars. The United States ranks first in military expenditure in the world, with a scale of US$877 billion, accounting for 39% of the total global military expenditure. China and Russia are second and third respectively. In 2022, Ukraine"s defense spending increased by 640%, making it the 11th largest defense spending country in the world. The UK spends the most on defense in Central and Western Europe at $68.5 billion. France, South Korea and Japan are also among the world"s top 10 defense spenders. According to the reports of China"s Ministry of National Defense and Ministry of Finance, China"s fiscal budget for defense expenditure in 2022 will be 1.48 trillion yuan, an increase of 7.1% over the previous year"s budget execution. National defense expenditure in 2023 will be 1.58 trillion yuan, an increase of 7.2% over the previous year"s implementation, of which the central government"s own expenditure will be 1.55 trillion yuan, an increase of 7.2% over the previous year"s implementation.

LP Information, Inc. (LPI) ' newest research report, the “Military Thermal Imaging Camera Industry Forecast” looks at past sales and reviews total world Military Thermal Imaging Camera sales in 2024, providing a comprehensive analysis by region and market sector of projected Military Thermal Imaging Camera sales for 2025 through 2031. With Military Thermal Imaging Camera sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Military Thermal Imaging Camera industry.

This Insight Report provides a comprehensive analysis of the global Military Thermal Imaging Camera landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Military Thermal Imaging Camera portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Military Thermal Imaging Camera market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Military Thermal Imaging Camera and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Military Thermal Imaging Camera.

This report presents a comprehensive overview, market shares, and growth opportunities of Military Thermal Imaging Camera market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Passive
Initiative

Segmentation by Application:
National Defense
War

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ViPRO Corporation
Elecdeer
Tsict
Hanwha Techwin
Mapesen Technology
SAST
OBSETECH
SeSys
2M Technology
Orlaco Products
CorDEX Instruments
Automation Technology
Teledyne FLIR
Shenzhen Defend Technology
Changzhou Zuoan Electronics
Revlight Security
Axis Communications AB
Pelco Products

Key Questions Addressed in this Report

What is the 10-year outlook for the global Military Thermal Imaging Camera market?

What factors are driving Military Thermal Imaging Camera market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Military Thermal Imaging Camera market opportunities vary by end market size?

How does Military Thermal Imaging Camera break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.