Market Overview

The Global Electro-Optical/Infrared (EO/IR) Systems Market 2018-2028: CAGR is Projected to Grow at 2.98% - ResearchAndMarkets.com

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The "The
Global Electro-Optical/Infrared (EO/IR) Systems Market 2018-2028"

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This report offers a detailed analysis of the industry, with market size
forecasts covering the next ten years. This report will also analyze
factors that influence demand for EO/IR systems, key market trends, and
challenges faced by industry participants.

Surging demand for high resolution and high throughput sensors for
gaining superior situational awareness, countermeasures and
reconnaissance is the key driver for the military EO/IR systems sector
globally. In order to tackle conventional as well as newly evolved
threats, militaries worldwide are focusing on installation of advanced
sensor based systems, which can provide intel in real time for necessary
actions.

The increasing complexities in modern day war techniques have resulted
in a heightened requirement for Intelligence, Surveillance and
Reconnaissance (ISR) activities, which has resulted in several key
defense spenders to invest heavily in the research and development of
equipment such as thermal sights, infrared vision systems, and laser
target designators. The rising demand for new sighting devices as well
as wearable night vision and thermal imaging systems is therefore
contributing significantly to the growth of the global military EO/IR
systems market.

Scope

  • The global military EO/IR systems market is expected to register a
    CAGR of 2.98%, growing from US$10.7 billion in 2018 to US$14.3 billion
    by 2028.
  • The market consists of three categories: airborne, ground-based and
    naval.
  • The market is expected to be dominated by airborne segment, which will
    account for 72.2% of the market, followed by ground-based and naval
    segments.
  • In terms of geography, Asia Pacific is projected to lead the sector
    with a share of 33.9%, followed by North America and Europe.

Companies Featured

  • Northrop Grumman
  • Leonardo DRS
  • Elbit Systems
  • BAE Systems
  • FLIR Systems
  • L-3 Technologies
  • Lockheed Martin
  • Raytheon
  • Thales
  • Selex
  • Cubic Global Defense

For more information about this report visit https://www.researchandmarkets.com/research/tx49bs/the_global?w=4

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