DUBLIN, June 12, 2023 /PRNewswire/ — The “Military Electro-Optics/Infrared Systems: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Military Electro-Optics/Infrared Systems estimated at US$12.8 Billion in the year 2022, is projected to reach a revised size of US$20.7 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030.
Air, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$13.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Land segment is readjusted to a revised 4.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 7.7% CAGR
The Military Electro-Optics/Infrared Systems market in the U.S. is estimated at US$5.5 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
Select Competitors (Total 82 Featured) –
BAE Systems plc
Bharat Electronics Limited
Elbit Systems Ltd.
Excelitas Technologies Corp.
Israel Aerospace Industries
L3Harris Technologies, Inc.
Leonardo S.p.A.
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
Rheinmetall AG
Saab AB
Safran SA
Teledyne FLIR LLC
Thales Group
Ultra Electronics Holdings plc
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Economic Recession
2020 Marked as a Year of Disruption & Transformation
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Pandemic Impact on Military Electro-Optics/Infrared Systems Market
An Introduction to Military Electro-Optics/Infrared Systems
Evolving Defense Needs Enhance Importance of Military Electro Optical and Infrared Systems
Airborne Segment Leads Military EO/IR Systems Market, Sea-Based Systems to Record High Gains
Developing Regions to Spearhead Future Growth
Competition
Recent Market Activity
Military Electro-Optics/Infrared Systems – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Defense Spending Levels Influence Growth in EO Systems Market
Defense Spending Trends Set Demand Dynamics for Military Electro Optics and Infrared Systems: Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2020
Leading Countries Ranked by Defense Budgets in US$ Billion for 2020
Rise in Territorial Conflicts and Border Disputes Necessitate Better Surveillance & Target Identification
Number of Terrorist Attacks Worldwide for the Period 2011-2019
Terrorism-Related Deaths by Country for the Years 2018 and 2019
Countries with Highest Increase in Deaths due to Terrorism: 2019 vs 2018
Soldier Modernization Initiatives Augur Well for the Market
Soldier Modernization Initiatives Fuel Demand for Advanced EO-IR Systems: Global Soldier Modernization Market Size (in US$ Billion) for 2018, 2021, 2024 & 2027
Age of Connected Battlefield & Network Centric Warfare Strategies Make C4ISR the Backbone of Modern Military Operations
Improving Target Identification, Threat Assessment and Monitoring: Essential Capabilities of EO Systems
Advancements in Defense Electronics and Miniaturization of Military Electronics Support Market Growth
Growing Use of Sensor-Based Systems in Military Applications Augurs Well for the Market
Market Primed to Benefit from the Rising Adoption of High Capability UAVs
Increasing Use of Drones in the Battlefield Pushes Up Demand for EO/IR Systems: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
Growing Role of Unmanned Aircraft Systems for ISR Operations Drives Demand for EO/IR Systems
With Unmanned Aircrafts Posing Threat of Terrorism and Smuggling, EO/IR-based Counter-Drone Systems Grow in Prominence
Indian Government Seeks Anti-Drone System Amidst Heightened Threat from Rogue Drones
Small Sized EO/IR Sensors in Drones for ISR Missions
Rising Need for EO/IR Systems for Unmanned Vehicles in Surveillance Applications
Need for Better Sighting Devices Drive Growth in Military Night Vision Devices Market
Global Night Vision Devices Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
Increasing Proliferation of Military Aerostat Systems Augurs Well for the Market
Global Aerostat Systems Market Size ($ Billion) for the Years 2018, 2021 and 2024
Focus on Development of EO/IR Systems to Coordinate with Traditional Military Systems
Sustained Demand for Infrared Imaging Technology in Military Applications
Imaging Infrared Technology Finds Favor in IR Missile Guidance
Thermal Cameras: An Important System for Securing Borders
Infrared and Thermal Cameras Find Use in ISR Operations
Thermal Imagers for Remote Temperature Measurement
Integration of EO Systems into Laser and Thermal Imaging Systems for More Effective Surveillance
Global Military Laser Systems Market Breakdown of Revenues (in %) by Application: 2020E
A Glance at Select EO Devices Integrated with Laser and Thermal Imaging Systems
Advanced LWIR Technology to Power Near-Room Temperature Thermal Imaging
LWIR Imagers with Superior Dynamic Range
Ballistic Missile Defense Undergoes Seismic Changes with Electro-Optical Sensors
Detection Using IR and Electro-Optical Sensors
Effective Command & Control using Advanced Sensors
Networked Sensing Systems Hold Significance for Urban Target Recognition
EO/IR Systems and Motion Control Systems in Harsh Environments
Robust Growth of Early Warning Systems to Present Market Opportunities
Factors Influencing Future Developments & Multi-Spectral Targeting
Technological Advances to Bolster Market Growth
New and Advanced EO Materials
Ultra-rapid EO Modulator for Converting THz Signals into Optical Signals
US Companies Offer Support to US Air Force for EO/RF-Related Technology Development
Innovative EO/IR Systems from L3Harris
Quantum Sensors for Military Systems
EO System-Based Coast Guard Technology for Turkey
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/886778
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