Military Electro-Optical Infrared Systems Market 2019 to Strengthen Its Position in Global Market at 7% CAGR Forecast to 2023

Global Military Electro-Optical and Infrared Systems Market Report Information by Type (Image Intensification, Laser, and Infrared), by Sensor Technology (Scanning, Starring, Multispectral, and Hyperspectral), by Platform (Airborne, Land-based, and Naval), and by Region - Forecast To 2023.

The key players in this market are Airbus Group(France), BAE Systems Plc. (U.K), Elbit Systems Ltd (Israel), Excelitas Technologies (U.S.), Finmeccanica SpA (Italy), FLIR Systems Inc. (U.S.), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), and Thales Group (France).

Military Electro-Optical Infrared Systems Market – Market Overview

EO/IR systems are an essential part of military industries. They are used by military platforms such as airborne, land-based, and naval. Some of the airborne EO/IR systems are optic sights, observation systems, helmet mounted displays, and night vision systems. Land-based includes night vision goggles, weapon mounted sights, vehicle mounted optronics devices, thermal imagers, laser rang finders, and designators. Naval based EO/IR systems are infrared imaging and detectors, thermal imagery systems, optronics mast systems, and surveillance and tracking systems. These systems aid in the war field scenario with better visibility, tracking, and targeting of enemy locations.

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The military market shifted toward LWIR systems to provide armored vehicles with upgraded thermal imaging capacities and improved target detection, recognition, and identification of the range. These have adapted low-light cameras for better performance in poor conditions while consuming less power and providing significant output. The use of laser range finders aid in day or night conditions and in nearly all battlefield conditions including haze, smoke, fog, and rain. Also, a shift toward EO/laser guidance systems is trending toward the military special missions, which provide imaging cameras that act both as a sight and target seeker for small weapons and missile systems.

The growing demand for vetronics is driving the market because of the rising demand, the changing nature of warfare, and advances in technology in vehicle electronics. The introduction of the InGaAs detector system has allowed imaging in the SWIR without the necessity of an external cooling system. Also, upgradation and development in EO/IR systems and technology have enabled 360 degree rotation, 24-hour situational awareness, automated object detection, and guidance for defense gunnery.

Intended Audience
• Distributor & Supplier companies
• End-Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Industry/ Innovation/ Related News:

April 19, 2017: To provide military aircrews with enhanced protection from new and emerging threats, BAE Systems and Leonardo DRS have signed a Memorandum of Understanding to offer advanced threat detection capabilities for U.S. Army fixed- and rotary-wing aircraft. The two companies will collaborate to develop an advanced infrared-based threat warning system to meet current and evolving operational requirements for Army aircraft survivability.

September 19, 2017– Lockheed Martin recently completed its 300th Electro-Optical Targeting System (EOTS) for the F-35 Lightning II stealth fighter. EOTS is an imaging sensor which allows the F-35 to identify, track and designate targets. The 300th EOTS was completed under the 10th Low-Rate-Initial Production (LRIP) contract, and each system was delivered on time or ahead of schedule.

Military Electro-Optical Infrared Systems Market – Competitive Analysis

In-house manufacturing capabilities, a global footprint network, product offerings, investment in R&D, newer technology, and a strong client base have become the key areas to obtain a competitive edge over the competitor. The global economic recovery, growth of the aviation sector, new aircraft orders, R&D and investments in fuel efficient engines, and the lucrative retrofit market have opened up the opportunity for aerospace industry players to compete and grow.

The global military EO/IR systems market is highly competitive and vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality EO/IR systems with the latest technology and materials.

BAE Systems and Raytheon are the two leading vendors in the manufacture of EO/IR systems for military and law enforcement agencies. Their focus is primarily on the implementation of lightweight, compatible technologies, and reliable systems.

Military Electro-Optical Infrared Systems Market – Segments

For the convenience of the report and enhanced understanding; The Military Electro-Optical Infrared Systems Market is segmented in to 4 key dynamics

Segmentation by Type: Image Intensification, Laser, Infrared.

Segmentation by Sensor Technology: Scanning, Starring, Multispectral, Hyper spectral.

Segmentation by Platform: Airborne, Land-based, Naval.

Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin), Europe, APAC and Middle East & Africa.

Military Electro-Optical Infrared Systems Market – Regional Analysis

In 2014, global naval platforms totalled 8,000 including combat ships, submarines, and aircraft carriers. This is likely to grow at the rate of 2.01%, with 3,800 new naval platforms in the next 20 years. The Middle East and North Africa have grown by 25% in the naval platforms market and are expected to invest $56 billion for new crafts and carries in the next 20 years. Also, APAC is likely to procure 114 submarines by 2032, which will contribute to the market.

In 2014, U.S. defense spending was USD 600 billion and it is expected to decline by USD 560 by 2020 because of budget cuts. This is expected to impact on the procurement programs such as only 174 surface ships and submarines will be delivered in the next 20 years. Also, the Latin America military aircraft market declined by 5% in 2014 and 52 new combat ships and submarines are expected to be delivered by 2031, which is impacting the market with slow growth.

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Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continued.........

List of Tables

Table 1 Global Military Electro-optical and Infrared Systems Market: by Region, 2017-2023
Table 2 North America Military Electro-optical and Infrared Systems Market: by Country, 2017-2023
Table 3 Europe Military Electro-optical and Infrared Systems Market: by Country, 2017-2023
Table 4 Asia Paland-basedfic Military Electro-optical and Infrared Systems Market: by Country, 2017-2023
Table 5 Row Military Electro-optical and Infrared Systems Market: by Country, 2017-2023
Table 6 Global Military Electro-optical and Infrared Systems Market, by Type by Regions, 2017-2023
Table 7 North America Military Electro-optical and Infrared Systems Market, by Type by Country, 2017-2023
Table 8 Europe Military Electro-optical and Infrared Systems Market, by Type by Country, 2017-2023
Table 9 Asia Paland-basedfic Military Electro-optical and Infrared Systems Market by Type by Country, 2017-2023

Continued......

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