Military Electro-optical & Infrared System Market worth $22.87 billion by 2030, growing at a CAGR of 8.04% - Exclusive Report by 360iResearch

The "Military Electro-optical & Infrared System Market by System (Electronic Support Measure (ESM) System, Imaging System, Targeting System), Sensor Type (Scanning Sensor, Staring Sensor), Technology, Platform - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Military Electro-optical & Infrared System Market to grow from USD 12.31 billion in 2022 to USD 22.87 billion by 2030, at a CAGR of 8.04%.

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Military electro-optical and infrared (EO/IR) systems are a type of technology used by the military for various purposes, including surveillance, reconnaissance, targeting, and situational awareness. EO/IR systems contribute to the safety and effectiveness of military operations by enabling military personnel to recognize better and respond to the risks and opportunities in their surroundings. Military EO/IR systems are required for improved situational awareness due to the growing awareness of territorial conflicts and border issues. These systems are utilized to increase the precision and accuracy of military operations by assembling them on various military platforms, including unmanned aerial vehicles (UAVs). On the other hand, military EO/IR systems are vulnerable to camouflage capabilities and electronic interference and experience performance issues in extreme weather conditions. However, as an opportunity, aerostats equipped with EO/IR systems are using types of intelligence, such as human intelligence or signals intelligence, to improve the efficiency of military operations by decreasing the reliance on EO/IR equipment for target identification.

System: Rapid proliferation of advanced imaging and targeting systems for precision engagement in complex battlefields

Electronic Support Measure (ESM) System are primarily designed for electronic warfare support functions. These systems detect, intercept, identify, locate, and analyze sources of radiated electromagnetic energy for threat recognition. They are crucial for defensive and offensive strategies, providing situational awareness. Imaging systems capture and process images in visible, infrared, and ultraviolet spectrums. These systems play pivotal roles in surveillance, reconnaissance, and target acquisition, offering day-night and adverse weather operation capabilities. Targeting systems are complex assemblies integrating various sensors, aiming devices, and fire-control software to identify, track, and engage targets. They are essential for precision strike capabilities and enhance the accuracy and lethality of military operations.

Platform: Integration of EO/IR systems across all domains for ensuring comprehensive situational awareness

Air-Based Electro-Optical & Infrared Systems are utilized for surveillance, reconnaissance, and target acquisition from aircraft and unmanned aerial vehicles (UAVs). These systems are crucial for gaining superior situational awareness and conducting precision strikes. The need for air-based EO/IR systems is primarily driven by their ability to cover vast areas quickly and provide real-time data from a bird's-eye view. Land-based EO/IR systems include handheld devices, vehicle-mounted units, and fixed installations used for border security, battlefield surveillance, and target acquisition. These systems are essential for ground forces, providing enhanced night vision capabilities, target identification, and long-range surveillance to operate in diverse environments and under varying light conditions. Sea-based EO/IR systems are deployed on naval vessels, including destroyers, frigates, and aircraft carriers, as well as on some maritime patrol aircraft. They are utilized for surveillance, search and rescue operations, and target tracking in maritime environments. The need for these systems is driven by the requirement for situational awareness in vast and complex maritime domains, enabling navies to track both surface and airborne threats.

Regional Insights:

The growing development of modern unmanned aerial vehicles (UAVs) for the purpose of surveillance is in the adoption of military electro-optical & infrared (EO/IR) systems in the Americas. The emerging markets, including India and China, are enhancing military weapons and equipment with significant investments in IoT and military-grade sensor technology. The developed economies across the European region are incorporating innovation and enhancements in the existing sensing and surveillance technologies for military EO/IR systems. The Middle East region is highly developing the defense sectors with heavy capital investments and favorable regulations for unmanned military services.

Market Segmentation & Coverage:

This research report categorizes the Military Electro-optical & Infrared System Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on System, market is studied across Electronic Support Measure (ESM) System, Imaging System, and Targeting System. The Imaging System is further studied across Hyperspectral Imaging System and Multispectral Imaging System. The Imaging System commanded largest market share of 32.12% in 2022, followed by Electronic Support Measure (ESM) System.

Based on Sensor Type, market is studied across Scanning Sensor and Staring Sensor. The Scanning Sensor commanded largest market share of 61.34% in 2022, followed by Staring Sensor.

Based on Technology, market is studied across Cooled and Uncooled. The Uncooled commanded largest market share of 92.12% in 2022, followed by Cooled.

Based on Platform, market is studied across Air-Based, Land-Based, and Sea-Based. The Land-Based commanded largest market share of 42.12% in 2022, followed by Sea-Based.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 42.23% in 2022, followed by Americas.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Military Electro-optical & Infrared System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Military Electro-optical & Infrared System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Military Electro-optical & Infrared System Market, highlighting leading vendors and their innovative profiles. These include Amentum Services, Inc., Anduril Industries, Inc., BAE Systems PLC, Bharat Electronics Ltd., Cobham Ltd., CONTROP Precision Technologies Ltd., Corning Incorporated, Elbit Systems Ltd., Excelitas Technologies Corp., General Dynamics Corporation, Hensoldt AG, HGH Infrared Systems by TTP PLC, IMSAR LLC, Israel Aerospace Industries Ltd., Kollmorgen Corporation, L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, Safran Group, Teledyne Technologies Incorporated, and Thales Group.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Military Electro-optical & Infrared System Market, by System
7. Military Electro-optical & Infrared System Market, by Sensor Type
8. Military Electro-optical & Infrared System Market, by Technology
9. Military Electro-optical & Infrared System Market, by Platform
10. Americas Military Electro-optical & Infrared System Market
11. Asia-Pacific Military Electro-optical & Infrared System Market
12. Europe, Middle East & Africa Military Electro-optical & Infrared System Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Military Electro-optical & Infrared System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Military Electro-optical & Infrared System Market?
3. What is the competitive strategic window for opportunities in the Military Electro-optical & Infrared System Market?
4. What are the technology trends and regulatory frameworks in the Military Electro-optical & Infrared System Market?
5. What is the market share of the leading vendors in the Military Electro-optical & Infrared System Market?
6. What modes and strategic moves are considered suitable for entering the Military Electro-optical & Infrared System Market?

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