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Military Thermal Weapon Sights Market size is set to grow by USD 352.9 million from 2024-2028, Introduction of high-definition thermal imaging systems boost the market, Technavio

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NEW YORK, June 14, 2024 /PRNewswire/ — The global military thermal weapon sights market size is estimated to grow by USD 352.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.67% during the forecast period. Introduction of high-definition thermal imaging systems is driving market growth, with a trend towards emergence of wireless thermal weapon sights. However, high cost associated with production of military thermal weapon sights poses a challenge. Key market players include American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, BERETTA HOLDING SA, Elbit Systems Ltd., Excelitas Technologies Corp., General Starlight Co. Inc., L3Harris Technologies Inc., Leonardo DRS, Materion Corp., Patria Group, Rheinmetall AG, Safran SA, Schmidt and Bender GmbH and Co. KG, SIG Sauer Inc., Teledyne Technologies Inc., Thales Group, THEON International, Thermoteknix Systems Ltd., Tonbo Imaging India Pvt. Ltd., and Trijicon Inc..

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Military Thermal Weapon Sights Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.67%

Market growth 2024-2028

USD 352.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.57

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key countries

US, China, India, Russia, and France

Key companies profiled

American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, BERETTA HOLDING SA, Elbit Systems Ltd., Excelitas Technologies Corp., General Starlight Co. Inc., L3Harris Technologies Inc., Leonardo DRS, Materion Corp., Patria Group, Rheinmetall AG, Safran SA, Schmidt and Bender GmbH and Co. KG, SIG Sauer Inc., Teledyne Technologies Inc., Thales Group, THEON International, Thermoteknix Systems Ltd., Tonbo Imaging India Pvt. Ltd., and Trijicon Inc.

Market Driver

Military thermal weapon sights have gained significant traction in the defense and law enforcement sectors due to their advanced capabilities. Devices like the Pulsar Thermion XM50 and Teledyne Technologies Inc.’s Breach Thermal Monocular offer superior image quality and quick target acquisition in challenging conditions. Their wireless connectivity enables seamless integration with other systems, enhancing situational awareness and reducing risks. This technology’s adoption is expected to expand the military thermal weapon sights market substantially during the forecast period. 

The Military Thermal Weapon Sights market is experiencing significant growth due to the increasing demand for advanced technology in military applications. Bordeaux, Montoring, and Combat Systems are key players in this industry, providing solutions such as infrasight, vision enhancement, and targeting systems. These systems offer benefits like improved situational awareness, increased accuracy, and enhanced security.

The trend towards remote control and autonomous systems is also driving innovation in this market. Devices like Soliders, Geopolitics, and Effective Sensing are developing advanced thermal imaging technologies to meet the evolving needs of military forces. The market is expected to continue growing, driven by the need for superior military capabilities and the ongoing development of advanced thermal technology. 

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Market Challenges

Military thermal weapon sights are expensive due to advanced technology and specialized labor. Thermal sensors, made with complex technology, are costly and require skilled engineers. Advanced components, such as lenses and circuit boards, also add to the expense. Skilled labor is needed for assembly, and testing requires specialized equipment and personnel. Strict military quality control measures ensure each sight meets standards, but can increase production costs. These factors may limit market growth for military thermal weapon sights.The Military Thermal Weapon Sights market faces several challenges. Capabilities such as accuracy, detection range, and durability are essential for these systems. However, integrating them with other military technologies can be difficult. Budgets and maintenance costs are also significant challenges. The systems must be able to function in various weather conditions and terrains. Additionally, cybersecurity threats are a growing concern.The market requires advanced technology to counteract these challenges and provide effective thermal weapon sights for military applications. The need for miniaturization and longer battery life is also important for portable and handheld devices. The market for military thermal weapon sights is competitive, with several players offering similar products. Therefore, companies must differentiate themselves by providing superior technology and customer service.

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Segment Overview 

Type 1.1 Gun-based thermal weapon sights1.2 Vehicle-mounted thermal weapon sightsApplication 2.1 Air2.2 Maritime2.3 LandGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Gun-based thermal weapon sights- The global military thermal weapon sights market is projected to expand due to the increasing demand for advanced targeting solutions in combat situations. Gun-based thermal weapon sights, such as the AN/PAS-13 and ATN Thor 4, offer enhanced capabilities with long detection ranges and compatibility with various weapons.

Manufacturers like Leonardo DRS are innovating to provide lightweight, portable, and high-performance sights, like the INOD Block III, which can detect targets in all lighting conditions and poor weather. The market growth is driven by the need for superior accuracy and image clarity, enabling soldiers to effectively engage enemies from greater distances and complex environments.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Military Thermal Weapon Sights market encompasses advanced technologies that enhance combat effectiveness under various lighting and weather conditions. These sights utilize thermal imaging and infrared radiation to detect heat signatures, extending detection ranges and improving aiming accuracy for military forces. The integration of wireless connectivity and augmented reality further enhances situational awareness, enabling more efficient border seal operations.

Thermal detectors, thermograms, and thermographic weapon sights are essential tools for armed services, including the army, navy, and air force. Ultraviolet sensors offer additional capabilities, expanding the scope of these systems. Compact thermographic cameras and aiming reticles ensure the versatility and adaptability of these solutions for small arms and heavier weapons. Geopolitical tensions continue to drive the demand for advanced thermal weapon sights, ensuring the readiness and preparedness of defense forces.

Market Research Overview

The Military Thermal Weapon Sights market encompasses advanced technologies and solutions designed for enhancing military capabilities in various operational environments. These systems utilize thermal imaging to provide real-time visual information, enabling effective target identification and engagement in low-light conditions or through smoke, fog, and other obscurants.

The market comprises various types of thermal weapon sights, including handheld, weapon-mounted, and helmet-mounted systems. These solutions are integral to force protection, situational awareness, and mission success in modern military operations. Additionally, ongoing research and development efforts aim to improve thermal imaging technologies, such as uncooled microbolomers and long-wave infrared sensors, to provide more advanced and cost-effective solutions for military applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeGun-based Thermal Weapon SightsVehicle-mounted Thermal Weapon SightsApplicationAirMaritimeLandGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Galaxy Digital Inc. Announces Pricing of $3.507 Billion of Senior Secured Notes

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NEW YORK, July 23, 2026 /PRNewswire/ — Galaxy Digital Inc. (NASDAQ: GLXY) (“Galaxy” or the “Company”), a global leader in digital assets and data center infrastructure, today announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC (the “Issuer”), has priced a $3.507 billion private offering (the “Offering”) of 9.875% senior secured notes due 2031 (the “Notes”). The Offering is expected to close on July 28, 2026, subject to market and other conditions.

The Issuer intends to use the net proceeds from the Offering to finance a portion of the development and construction of two buildings containing eight data halls with a combined total of 400 megawatts (“MW”) of utility capacity and 260 MW of critical IT capacity (the “Project”) to be built on an approximately 260-acre property in Dickens County, Texas and to fund debt service reserves.

The Notes will bear interest at a rate of 9.875% per annum payable semi-annually in cash in arrears on February 1 and August 1 of each year, beginning on February 1, 2027 and will mature on August 1, 2031. The Notes will amortize at a rate of 4.00% per annum of the original principal amount subject to adjustment, with amortization payments payable semi-annually with the first payment date to occur at least ten months after the completion of the Project.

The Notes will be fully and unconditionally guaranteed by Galaxy Helios II LLC, a wholly owned direct subsidiary of the Issuer (the “Guarantor”), and will constitute the senior secured obligations of the Issuer and the Guarantor. The Notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and the Guarantor, other than certain excluded property and (ii) all equity interests of the Issuer held by the direct parent company of the Issuer.

The Offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the Offering may be completed.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Galaxy

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.63 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

Forward Looking Statements

This press release includes forward-looking statements, including statements relating to the completion, size and timing of the Offering, the terms of the Notes and the intended use of proceeds. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements represent the Company’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the satisfaction of the closing conditions related to the Offering and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the SEC. The Issuer may not consummate the proposed Offering described in this press release and, if the proposed Offering is consummated, cannot provide any assurances regarding the final terms of the Offering or the Notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, whether as a result of new information, future events, or otherwise, except as may be required by law.

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SOURCE Galaxy Digital Inc.

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The Finish Line that Changed China: Retracing the Long March to Yan’an

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BEIJING, July 23, 2026 /PRNewswire/ — A news report from China.org.cn on the Long March, and what it means for China today:

 

Every journey has a destination.

But some destinations become the beginning of something even greater.

This is Yan’an.

Over 90 years ago, an army of soldiers embarked from Yudu, Jiangxi Province, on a journey that would go down in history.

They crossed snow-capped mountains, vast grasslands and raging rivers, eventually arriving in northern Shaanxi.

Across this grueling 12,500-kilometer journey, they wrote a magnificent epic in human history with willpower and courage.

Here, their Long March came to a victorious end. But a new chapter of history was only beginning.

In Yan’an, the Red Army found time to recover and rebuild, and the Central Committee of the Communist Party of China regrouped, gathering strength for the next chapter.

Here, new ideas were debated, new strategies were shaped, and a vision for China’s future gradually took form.

Today, while preserving its revolutionary legacy, Yan’an has grown into a vibrant, modern city — with a greener environment, thriving industries and happier lives for its people.

Nearly 90 years ago, American journalist Edgar Snow came to northern Shaanxi, seeking to uncover a story that few outside China knew. He later chronicled it in his book “Red Star Over China,” which carried the story of the Long March to the world.

Today, people from around the world are once again retracing those steps.

As part of China International Communications Group (CICG)’s “Together on the Long March” international communication project, participants have spent more than a month retracing the route across six key regions.

From Jiangxi to Shaanxi, they followed the Red Army’s journey and witnessed the remarkable changes that have taken place along the way.

I asked them one simple question: What does this journey mean to you?

Zhavier Harris, marketing and communications manager at the Springfield Urban League, said conversations with local residents and descendants of the Red Army made history feel far more immediate than he had expected.

He said history isn’t as distant as we often think. “We’re only one or two generations from these great sacrifices that led to the development and the greatness that we see from the Communist Party of China and China as a whole.”

David Ferguson, honorary chief English editor at Foreign Languages Press under CICG and a recipient of the 2021 Chinese Government Friendship Award, said the journey deepened his understanding of the Long March.

He said the journey helped him understand not only the historical facts, but also what the Red Army endured. “If you see the Long March merely as a military campaign, it ended in Yan’an. But as a spirit, it has never truly come to an end.”

We came to retrace history. We leave with something more: a deeper understanding of China’s past, a clearer view of its present, and perhaps a greater appreciation for the stories that connect us across cultures.

Edgar Snow called the Long March “an Odyssey unequalled in modern times.” He believed that what sustained it was a flame — consisting of an undimmed ardor, an undying hope and an amazing revolutionary optimism.

Ninety years later, that flame still burns.

Passed down through generations, the spirit of the Long March continues to light China’s path forward.

And as it crosses borders and cultures, it offers the world a glimpse of a nation defined by resilience, perseverance and an enduring drive to move forward.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm 

The Finish Line that Changed China: Retracing the Long March to Yan’an
http://www.china.org.cn/video/2026-07/23/content_118614941.shtml

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SOURCE China.org.cn

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Visa and Lianlian Advance Trusted B2B Agentic Commerce Through LoopXPay’s First Live B2B Agentic Transaction

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First live B2B agentic transaction in Greater China highlights how AI-enabled commerce can help SMBs streamline purchasing and payments, supported by Visa’s Agentic Directory for trusted AI agent interactions

SINGAPORE, July 24, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, and Lianlian DigiTech Co., Ltd. (“Lianlian”), an AI-native global financial infrastructure provider, today announced the first live B2B agentic transaction completed using LoopXPay, Lianlian’s AI agent. 

Small and medium sized businesses (SMBs) often lack dedicated procurement teams and spend valuable time sourcing, purchasing and making payments themselves. In the transaction, the LoopXPay agent was used to source a product sample from a supplier and complete the purchase in a single workflow. The agent identified the purchasing requirement, recommended suitable suppliers, compared options, placed the order and securely executed the payment within a single workflow, while operating within pre-defined spending controls and approval parameters.

The milestone highlights how AI-powered commerce experiences can help SMBs simplify purchasing and payment activities while maintaining appropriate controls and oversight. By enabling AI agents to operate within pre-defined spending parameters and approval controls, businesses can reduce manual effort while retaining visibility into commercial decision-making.

As AI agents become more involved in purchasing and payment activities, businesses will require confidence that transactions are being executed by verified participants, within approved parameters and with appropriate oversight. Capabilities aligned with Visa’s Trusted Agent Protocol can help provide the identity, transparency and controls needed to support these interactions.

As part of the collaboration, LoopXPay has been registered in Visa’s Agentic Directory, enabling participating businesses and merchants to identify verified AI agents within the ecosystem. Supporting the implementation of Visa’s Trusted Agent Protocol, the Agentic Directory helps provide greater transparency into agent-driven interactions and confidence that participating agents have met Visa’s requirements.

“AI-powered commerce experiences can help businesses simplify purchasing and payments while maintaining the controls and oversight they require,” said Darren Parslow, Global Head, Visa Commercial Solutions, Visa. “For SMBs, that means less complexity in managing day-to-day commercial activities and more time focused on growth. As businesses increasingly look to embed intelligence into purchasing and payment experiences, trust will become a critical enabler of adoption. Through our collaboration with Lianlian, we are helping advance the trusted foundations that businesses will need to participate in this next era of commerce with confidence.”

Building on this milestone, Visa and Lianlian are exploring how AI agents can support a broader range of commercial activities, including procurement, digital advertising optimisation and B2B platform payments, helping advance trusted commerce through greater efficiency, transparency and control.

Zhang Zhengyu, Founder, Chairman of the Board and CEO, Lianlian DigiTech, said, “AI is reshaping the entire commercial value chain, where a growing number of business activities will be autonomously executed by AI agents, with payments serving as the critical infrastructure connecting them to global commerce. Leveraging its experience in global cross-border payments, compliance, as well as payment network, LianLian is actively building AI-native financial infrastructure, delivering an integrated suite of capabilities for the Agent Economy, spanning identity verification, transaction authorisation, intelligent payment, and global fund settlement. Through this collaboration with Visa, we aim to combine Lianlian’s AI-native capabilities with Visa’s trusted global network and commercial payment expertise to help businesses transact more securely, intelligently and efficiently in an increasingly agent-driven commerce environment.”

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Lianlian

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As China’s leading global provider of digital and intelligent payment services, Lianlian adheres to its mission of “Connecting the world, empowering global commerce” and pursues an “AI-Native + Globalization” strategy. The Company is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.  As of now, Lianlian has established a global licensing portfolio comprising 68 payment licenses and related qualifications, and holds a VATP license issued by the Hong Kong SFC. It supports services in more than 200 countries and regions and enables transaction settlement in over 140 currencies, connecting over 180 global e-commerce platforms and serving a cumulative total of over 13.3 million customers. Learn more at www.lianlian.com.

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SOURCE Visa Worldwide Pte. Limited

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