According to the latest report by IMARC Group, titled “Military Electro-optical and Infrared Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global military electro-optical and infrared systems market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the global military electro-optical and infrared systems market to exhibit moderate growth during 2021-2026. Electro-optical and infrared (EO/IR) systems are an essential part of military technology used during airborne, land-based, and naval targets and missions. The system consists of the visible spectrum and infrared sensors, which provide situational awareness during both day and night and in low light conditions. It also comprises optic sights, night vision systems, inspection systems, helmet-mounted displays, optronic devices, thermal imagers, designators, and laser ranger finders. These devices are usually placed on aircrafts and vehicles used at sea and can be hand-carried, which help identify targets, track moving targets and assess threats from a distance.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The global military EO/IR systems market is primarily driven by the increasing territorial issues and border conflicts. This has resulted in the heightened emphasis on surveillance, target identification, and threat detection. Governments of various nations are extensively investing in incorporating and integrating advanced EO/IR systems with the existing military systems. They offer reliable information for crew protection in war conditions and provide enhanced thermal imaging capacities with improved target recognition. Furthermore, various R&D activities, such as the development of an indium gallium arsenide (InGaAs) detectors that offer short-wave infrared (SWIR) without the need for an external cooling system, are expected to propel the market growth in the upcoming years.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BAE Systems Plc
- Elbit Systems Ltd.
- FLIR Systems Inc.
- Israel Aerospace Industries
- L3Harris Technologies Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB
- Thales Group
Breakup by Platform:
Breakup by System:
- Targeting System
- Electronic Support Measure (ESM) System
- Imaging System
- Multispectral Imaging System
- Hyperspectral Imaging System
Breakup by Sensor Type:
- Staring Sensor
- Scanning Sensor
Breakup by Technology:
Breakup by Wavelength:
- Near Infrared
- Short and Medium Wavelength Infrared
- Long Wavelength Infrared
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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