1 INTRODUCTION 26
1.1 OBJECTIVES OF THE STUDY 26
1.2 MARKET DEFINITION 26
1.2.1 MARKETS COVERED 27
1.2.2 REGIONAL SCOPE 27
1.2.3 YEARS CONSIDERED FOR THE STUDY 28
1.3 CURRENCY & PRICING 28
1.4 USD EXCHANGE RATES 28
1.5 LIMITATIONS 29
1.6 MARKET STAKEHOLDERS 29

2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
2.1.1 SECONDARY DATA 31
2.1.1.1 Key data from secondary sources 32
2.2 MARKET DEFINITION & SCOPE 32
2.2.1 PRIMARY DATA 32
2.2.1.1 Key data from primary sources 33
2.2.1.2 Breakdown of primaries 33
2.2.2 SEGMENT DEFINITIONS 34
2.2.2.1 Tactical optics market, by product 34
2.2.2.2 Tactical optics market, by platform 34
2.2.2.3 Tactical optics market, by application 35
2.2.2.4 Tactical optics market, by end use 35
2.2.2.5 Tactical optics market, by range 36
2.2.3 EXCLUSIONS 36
2.3 MARKET SIZE ESTIMATION & METHODOLOGY 36
2.3.1 TOP-DOWN APPROACH 37
2.4 DATA TRIANGULATION 39
2.4.1 MARKET SIZING & FORECASTING 40
2.5 ASSUMPTIONS OF THE RESEARCH STUDY 40
2.6 LIMITATIONS 41
2.7 LIST PRICE FOR TACTICAL OPTICS 41

3 EXECUTIVE SUMMARY 45
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4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE OPPORTUNITIES IN TACTICAL OPTICS MARKET 49
4.2 GROUND TACTICAL OPTICS MARKET, BY VEHICLE TYPE 49
4.3 NAVAL TACTICAL OPTICS MARKET, BY VESSEL TYPE 50
4.4 AIRBORNE TACTICAL OPTICS MARKET, BY AIRCRAFT TYPE 50
4.5 WEAPON SCOPES & SIGHTS MARKET, BY TYPE 51
4.6 HANDHELD DEVICES MARKET, BY TYPE 51
4.7 CAMERAS & DISPLAYS MARKET, BY TYPE 52
4.8 TACTICAL OPTICS MARKET, BY REGION 52

5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 54
5.2.1 DRIVERS 54
5.2.1.1 Increase in procurement of tactical optics for dismounted soldiers and vehicle platforms 54
5.2.1.2 Increasing demand for EO/IR cameras 55
5.2.2 OPPORTUNITIES 56
5.2.2.1 Weapon modernization plans across the world 56
5.2.3 CHALLENGES 56
5.2.3.1 Requirement for high technical expertise to develop tactical optics 56

6 INDUSTRY TRENDS 57
6.1 INTRODUCTION 57
6.2 EMERGING TRENDS 57
6.2.1 ECHO3 ELECTRO-OPTICS THERMAL REFLEX SIGHT 57
6.2.2 FREEFORM OPTICS 58
6.2.3 INTELLIGENT HARDWARE SOLUTIONS 58
6.2.4 INTELLIGENT ENTERPRISE: COMMAND AND CONTROL ABOVE THE WEAPONS SYSTEMS 58
6.2.5 ADVANCEMENTS IN CAMERA TECHNOLOGY 58
6.2.6 ADVANCED BALLISTIC CALCULATORS 58
6.2.7 MINIATURIZED ELECTRO-OPTICS 59
6.2.8 NIGHT VISION RIFLESCOPES 59
6.2.9 FIBER LASER TECHNOLOGY 59
6.2.10 ARMORED VEHICLES WITH ADVANCED TACTICAL OPTICS FOR URBAN WARFARE 60
6.2.11 WEAPONIZED DRONES WITH TACTICAL OPTICS 61
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6.3 ADVANCED TECHNOLOGIES DEVELOPED BY COMPANIES IN THE
TACTICAL OPTICS MARKET 62
6.3.1 ADVANCED SIGHTING SYSTEM 62
6.3.2 ENHANCED NIGHT VISION GOGGLE (ENVG) WITH FAMILY OF WEAPON SIGHTS (FWS) 62
6.3.3 MICROSOFT HOLOLENS AUGMENTED REALITY HEADSET 62
6.3.4 HYPERCENTRIC OPTICS 62
6.4 INNOVATIONS & PATENT REGISTRATIONS 63

7 TACTICAL OPTICS MARKET, BY PRODUCT 64
7.1 INTRODUCTION 65
7.2 WEAPON SCOPES & SIGHTS 66
7.2.1 RIFLESCOPES 67
7.2.1.1 Day Sights 67
7.2.1.1.1 Development of micro electro-optic systems 67
7.2.1.2 Night Sights 67
7.2.1.2.1 Increasing adoption of thermal imaging technology during low visibility/night 67
7.2.1.3 Digital Sights 68
7.2.1.3.1 Increase in disruptive technologies leading to the linkage of numerous tactical optics together to create maximum awareness on the battlefield 68
7.2.2 NIGHT VISION SCOPES 68
7.2.2.1 Thermal scopes 69
7.2.2.1.1 Thermal imaging technology for target detection capabilities is driving the market 69
7.2.2.2 Infrared scopes 69
7.2.2.2.1 Infrared technology assists soldiers in low light 69
7.2.2.3 Image intensifiers 69
7.2.2.3.1 Increasing investments in the defense sector boost the market for image intensifiers 69
7.2.3 HANDHELD SIGHTING DEVICES 69
7.2.3.1 Binoculars & monoculars 70
7.2.3.1.1 New optical technologies, such as digital zoom, thermal binoculars, and night vision binoculars, are driving the market 70
7.2.3.2 Night vision goggles 71
7.2.3.2.1 Increased adoption of head-mounted night vision goggles 71
7.2.3.3 Spotter scopes 71
7.2.3.3.1 Growing number of snipers leading to increased demand for spotter scopes 71
7.2.3.4 Rangefinders 71
7.2.3.4.1 Demand for enhanced situational awareness leading to growth in demand for rangefinders 71
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7.2.3.5 Target acquisition & surveillance systems 72
7.2.3.5.1 increased use of target acquisition & surveillance systems by militaries worldwide 72
7.2.4 CAMERAS & DISPLAYS 72
7.2.4.1 Head-mounted displays (HMDs) 73
7.2.4.1.1 Rapid development in HMD technology for infantry soldiers 73
7.2.4.2 Thermal cameras 73
7.2.4.2.1 Increasing use of thermal cameras for border surveillance 73
7.2.4.3 EO/IR cameras 74
7.2.4.3.1 Increased use of drones with EO/IR is driving the tactical optics market 74

8 TACTICAL OPTICS MARKET, BY PLATFORM 75
8.1 INTRODUCTION 76
8.2 GROUND 77
8.2.1 VEHICLE-MOUNTED 77
8.2.1.1 Increased procurement of armored vehicles by various
militaries globally 77
8.2.1.1.1 Main battle tanks (MBTs) 80
8.2.1.1.2 Infantry fighting vehicles (IFVs) 81
8.2.1.1.3 Armored personnel carriers (APCs) 82
8.2.1.1.4 Armored amphibious vehicles (AAVs) 82
8.2.1.1.5 Light protected vehicles (LPVs) 82
8.2.1.1.6 Self-propelled howitzers (SPHs) 82
8.2.1.1.7 Armored mortar carriers (AMCs) 83
8.2.1.1.8 Unmanned ground vehicles (UGVs) 83
8.2.2 FIXED INSTALLATION 83
8.2.2.1 Increasing installation of high-tech cameras, sights, and ground-based interceptors with tactical optics for border surveillance
and protection 83
8.2.3 PORTABLE 83
8.2.3.1 Portable military equipment comprises high-tech tactical optics used to cater to the military modernization requirements 83
8.2.3.2 Man-portable 84
8.2.3.2.1 Increasing demand for riflescopes, binoculars, and target designators is driving the market 84
8.2.3.3 Dismounted soldier 84
8.2.3.3.1 Upgrades to soldier equipment drive the market for tactical optics devices with respect to dismounted soldier 84
8.3 NAVAL 84
8.3.1 AIRCRAFT CARRIERS 85
8.3.1.1 Upgrades and modernization programs of aircraft carriers undertaken by various countries 85
8.3.2 DESTROYERS 86
8.3.2.1 Installation of new weapons systems on destroyers 86
8.3.3 FRIGATES 87
8.3.3.1 Increased orders for frigates by several countries such, as India, Russia, and Germany 87
8.3.4 CORVETTES 88
8.3.4.1 Ongoing upgrades of corvettes by various countries, such as India, Israel, and Finland 88
8.3.5 OFFSHORE PATROL VESSELS (OPVS) 89
8.3.5.1 Modernization programs of OPVs drive the market 89
8.3.6 UNMANNED MARINE VESSELS (UMVS) 90
8.3.6.1 Increased use of UMVs for surveillance 90
8.4 AIRBORNE 90
8.4.1 COMBAT AIRCRAFT 91
8.4.1.1 Upgrades and modernization programs of combat aircraft by various leading market players 91
8.4.2 ATTACK HELICOPTERS 92
8.4.2.1 Increased procurement of attack helicopters by India and South Korea, among others, drives the market 92
8.4.3 SPECIAL MISSION AIRCRAFT 93
8.4.3.1 Ongoing procurement of special mission aircraft by countries such as Finland and Bulgaria, among others, drives the market 93
8.4.4 UNMANNED AERIAL VEHICLES (UAVS) 95
8.4.4.1 Continuous development programs to utilize tactical UAVs by defense forces 95
9 TACTICAL OPTICS MARKET, BY APPLICATION 96
9.1 INTRODUCTION 97
9.2 INTELLIGENCE, SURVEILLANCE & RECONNAISSANCE (ISR) 98
9.2.1 INCREASED NEED FOR ISR CAPABILITIES BY MILITARIES GLOBALLY 98
9.3 TARGET IDENTIFICATION & ACQUISITION 98
9.3.1 INSTALLATION OF TARGET IDENTIFICATION & ACQUISITION PRODUCTS ON VARIOUS PLATFORMS INCREASES THE DEMAND FOR TACTICAL OPTICS 98
9.4 SEARCH & RESCUE 99
9.4.1 INCREASED USE OF DRONES FOR SEARCH & RESCUE MISSIONS 99
9.5 BORDER & COASTAL PATROL 100
9.5.1 INCREASED INSTALLATION OF EO/IR CAMERAS FOR BORDER & COASTAL SURVEILLANCE 100
10 TACTICAL OPTICS MARKET, BY END USE 102
10.1 INTRODUCTION 103
10.2 MANNED PLATFORM 104
10.2.1 NEED FOR SITUATIONAL AWARENESS DRIVES THE MARKET FOR TACTICAL OPTICS IN THE MANNED PLATFORM SEGMENT 104
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10.3 WEAPON MOUNTED 104
10.3.1 PROCUREMENT OF NEW WEAPONS IS DRIVING THE WEAPON MOUNTED TACTICAL OPTICS MARKET 104
10.4 SOLDIER 105
10.4.1 VARIOUS INFANTRY MODERNIZATION PROGRAMS GLOBALLY DRIVE
THE DEMAND FOR TACTICAL OPTICS 105
10.5 UNMANNED PLATFORM 106
10.5.1 INCREASING USE OF UNMANNED PLATFORMS FOR SURVEILLANCE
AND ASSAULT 106
11 TACTICAL OPTICS MARKET, BY RANGE 107
11.1 INTRODUCTION 108
11.2 SHORT-RANGE (< 3 KM) 109
11.2.1 NEED FOR HANDHELD TACTICAL OPTICS IS DRIVING THE TACTICAL OPTICS MARKET 109
11.3 MEDIUM-RANGE (3–25 KM) 110
11.3.1 INCREASING USE OF DRONES LEADING TO INCREASED DEMAND FOR MEDIUM-RANGE TACTICAL OPTICS 110
11.4 LONG-RANGE (> 25 KM) 110
11.4.1 INCREASING PROCUREMENT OF NAVAL SHIPS, AIRCRAFT, AND ARMORED VEHICLES DRIVE THE MARKET FOR LONG-RANGE TACTICAL OPTICS 110

12 REGIONAL ANALYSIS 112
12.1 INTRODUCTION 113
12.2 NORTH AMERICA 114
12.2.1 US 117
12.2.1.1 Procurement of new fighter aircraft 117
12.2.2 CANADA 121
12.2.2.1 Numerous defense procurement projects for land, sea, and air platforms 121
12.3 EUROPE 124
12.3.1 FRANCE 127
12.3.1.1 Armored vehicle modernization program to impact the market in France 127
12.3.2 RUSSIA 130
12.3.2.1 Serial production of T-90 and T-14 Armata tanks, among others 130
12.3.3 UK 132
12.3.3.1 Orders for new family of Ajax multi-role armored vehicles in 2018-2019 132
12.3.4 GERMANY 135
12.3.4.1 Modernization programs for naval, airborne, and land fleets 135
12.3.5 ITALY 137
12.3.5.1 High procurement spending in 2019 is expected to drive
the market in Italy 137
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12.3.6 SPAIN 140
12.3.6.1 Three military modernization programs planned until 2032 140
12.3.7 POLAND 142
12.3.7.1 Multi-billion military modernization program by Poland 142
12.4 ASIA PACIFIC 145
12.4.1 CHINA 148
12.4.1.1 Major expansions in navy and air force are driving the
market in China 148
12.4.2 INDIA 150
12.4.2.1 Five-year modernization plan for its armed forces is driving the market in India 150
12.4.3 JAPAN 153
12.4.3.1 Increased funding for the acquisition of new combat aircraft 153
12.4.4 SOUTH KOREA 155
12.4.4.1 Estimated multi-billion spending on arms purchase for
troops in 2020 155
12.4.5 AUSTRALIA 157
12.4.5.1 Procurement of new military platforms from 2020 to 2028 157
12.5 MIDDLE EAST 159
12.5.1 SAUDI ARABIA 162
12.5.1.1 Multi-billion contracts with the US drive the tactical optics market in Saudi Arabia 162
12.5.2 TURKEY 164
12.5.2.1 Substantial rise in military spending in 2018 164
12.5.3 ISRAEL 166
12.5.3.1 Ongoing procurement of armored vehicles and combat aircraft to drive the market in Israel 166
12.6 SOUTH AMERICA 168
12.6.1 BRAZIL 171
12.6.1.1 Short and medium-term investments to modernize armed
forces in Brazil 171
12.6.2 MEXICO 173
12.6.2.1 Procurement of armored vehicles and weapons for soldiers 173

13 COMPETITIVE LANDSCAPE – TIER 1 COMPANIES 175
13.1 INTRODUCTION 175
13.2 COMPETITIVE ANALYSIS 175
13.3 MARKET RANKING ANALYSIS, 2019 175
13.4 COMPETITIVE LEADERSHIP MAPPING 176
13.4.1 VISIONARY LEADERS 176
13.4.2 INNOVATORS 176
13.4.3 DYNAMIC DIFFERENTIATORS 176
13.4.4 EMERGING COMPANIES 176
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13.5 STRENGTH OF PRODUCT PORTFOLIO 178
13.6 BUSINESS STRATEGY EXCELLENCE 179
13.7 COMPETITIVE SCENARIO 180
13.7.1 CONTRACTS 180
13.7.2 NEW PRODUCT DEVELOPMENTS 181
13.7.3 ACQUISITIONS 181

14 COMPETITIVE LANDSCAPE – TIER 2 & 3 COMPANIES 182
14.1 INTRODUCTION 182
14.2 COMPETITIVE ANALYSIS 182
14.3 MARKET RANKING ANALYSIS, 2019 182
14.4 COMPETITIVE LEADERSHIP MAPPING 183
14.4.1 VISIONARY LEADERS 183
14.4.2 INNOVATORS 183
14.4.3 DYNAMIC DIFFERENTIATORS 183
14.4.4 EMERGING COMPANIES 183
14.5 STRENGTH OF PRODUCT PORTFOLIO 185
14.6 BUSINESS STRATEGY EXCELLENCE 186
14.7 COMPETITIVE SCENARIO 187
14.7.1 CONTRACTS 187
14.7.2 NEW PRODUCT LAUNCHES 188
14.7.3 ACQUISITIONS AND PARTNERSHIPS 189

15 COMPANY PROFILES 190
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
15.1 LEONARDO S.P.A. 190
15.2 BAE SYSTEMS, PLC 192
15.3 ELBIT SYSTEMS LTD. 195
15.4 KONGSBERG GRUPPEN AS 199
15.5 L3HARRIS TECHNOLOGIES 202
15.6 LOCKHEED MARTIN CORPORATION 204
15.7 NORTHROP GRUMMAN CORPORATION 207
15.8 RAYTHEON COMPANY 208
15.9 THALES GROUP 210
15.10 SAAB AB 212
15.11 RAFAEL ADVANCED DEFENSE SYSTEMS LTD 214
15.12 FLIR SYSTEMS, INC. 215
15.13 ISRAEL AEROSPACE INDUSTRIES 218
15.14 WUHAN JOHO TECHNOLOGY CO. LTD. 220
15.15 AIMPOINT 221
15.16 ATN CORPORATION 223
15.17 BUSHNELL CORPORATION 224
15.18 BURRIS COMPANY, INC. 227
15.19 LEUPOLD & STEVENS, INC. 229
15.20 NIGHTFORCE OPTICS 232
15.21 SIG SAUER, INC. 234
15.22 SIGHTMARK 237
15.23 TRIJICON INC. 239
15.24 VORTEX OPTICS 241
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

16 APPENDIX 244
16.1 INDUSTRY EXPERTS 244
16.2 DISCUSSION GUIDE 245
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 248
16.4 AVAILABLE CUSTOMIZATIONS 250
16.5 RELATED REPORTS 250
16.6 AUTHOR DETAILS 251