Military EO/IR Systems Market 2019-2023 | Worldwide Overview By Airbus, BAE, Elbit, Excelitas Technologies, Finmeccanica, FLIR, Lockheed Martin, Northrop Grumman, Raytheon and Thales

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 military electro-optical and infrared systems market is expected to grow at a CAGR of over 7%, during the forecast period of 2017-2023.

Overview:

Security has become a significant concern in many countries owing to border infiltration and terrorism. The looming threats are becoming further daunting with advanced technology and to counter which sophistication in defense mechanisms is much-needed. Electro-optical and infrared systems are devices that ensure enhanced monitoring and assist the military in accentuating steps to safeguard border and measure counter-terrorism tactics.

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The global electro-optical and infrared systems market can expect growth by an impressive 7% CAGR during the forecast period (2017-2023), reveals Market Research Future (MRFR) in a detailed study of the electro-optical and infrared systems market. The research further covers drivers such as advanced imaging technology, naval ships, drones, and unmanned aerial vehicles as defense engineering sectors that would give the electro-optical and infrared systems market further thrust.

Industry Trend:

HGH Infrared Systems new Spynel-X comes with a V-LRF option that can be considered a major step forward in identifying threats. With visible channel and laser ranger finder, V-LRF option operates. This technology increases the operational range substantially and enhances picture quality.

L3 WESCAM is now partnering with Airbus Defence and Space to support of Canada’s Fixed-Wing Search and Rescue (FWSAR) aircraft replacement program by integrating their MX-15 electro-optical and infrared as a part of planes.

Market Competitions:

The market is witnessing intense competition, and its progress is depending on the cutting-edge technologies that are getting implemented on a regular basis. Furthermore, strategies such as merger and acquisition are impacting the market considerably. For instance, The Carlyle Group is planning to get hold of the majority of the stakes in HGH Infrared Systems (HGH) as a tactical plan to expand the portfolio. Meanwhile, Raytheon has received a contract from the U.S. Navy regarding the implementation of electro-optical and infrared systems in its systems aboard CH-53 Sea Stallion and V-22 Osprey aircraft.

Prominent players in this global electro-optical and infrared systems 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.), Thales Group (France), and others.

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

Segmentation:

The global electro-optical and infrared systems market can be segmented by type, sensor technology, and platform.

By type, the global electro-optical and infrared systems market can be segmented into image intensification, laser and infrared.

Based on sensor technology, the electro-optical and infrared systems market includes scanning, starring, multispectral, and hyperspectral.

Platform-wise, the electro-optical and infrared systems market can be segmented into airborne, land-based, and naval.

Regional Analysis:

Geographically, the global electro-optical and infrared systems market can be segmented namely into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (LATAM).

North America leads the global electro-optical and infrared systems market with considerable market revenue owing to its rising demand from sectors such as military, commercial and public safety. The region is also witnessing increasing investment in defense equipment and research and development. The U.S. is spending heavily on this technology to suit its military gears and vehicles appropriately to counter the evolving terrorist acts. The LATAM is also expecting a robust growth with significant contributions. However, the most promising region it seems is the APAC, where countries such as India, China, and Japan are investing heavily to give shape to their defense and in the process is bolstering the regional growth.

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
Table 10 Row Military Electro-optical and Infrared Systems Market by Type by Country, 2017-2023

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List of Figures

Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 7 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Military Electro-optical and Infrared Systems Market Share, by Type 2017 (%)
Figure 9 Global Military Electro-optical and Infrared Systems Market, by Type 2015-2023 (Usd Million)
Figure 10 Global Military Electro-optical and Infrared Systems Market Share, by Type 2017 (%)

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