Press release
Military Electro-Optics/Infrared (EO/IR) Systems Market to Reach $14.2 Billion by 2029: Market Trends and Key Players Revealed
Military Electro-Optics/Infrared (EO/IR) Systems Market
What Is The Projected Market Size Of The Global Military Electro-Optics/Infrared (EO/IR) Systems Market And Its Growth Rate?
• The military EO/IR systems market has witnessed strong growth recently, growing from $10.29 billion in 2024 to $10.94 billion in 2025, indicating a CAGR of 6.3%.
• This growth during the historic period resulted from increased threats and conflicts, modernization of military platforms, and border surveillance requirements, among other factors.
• The military EO/IR systems market is set to continue this upward trajectory in the coming years, growing to $14.2 billion in 2029 with a CAGR of 6.7%.
• The growth in the forecast period can be attributed to geopolitical instabilities, the growing emphasis on unmanned systems, and enhanced targeting and fire control.
What Is Driving The Growth In The Military Electro-Optics/Infrared (EO/IR) Systems Market?
The demand for intelligence, surveillance, and reconnaissance (ISR) is expected to propel the growth of the military EO/IR systems market. ISR involves the coordinated gathering, management, and dissemination of precise, timely information and intelligence, supporting military commanders' decision-making. The number of ISR satellites supporting military activities has grown remarkably from nearly 100 a decade ago to 550 in 2022, reflecting the growing need for ISR. Similarly, the FAA registered 855,860 drones in the United States as of 2023, with 37% of these (316,075) being commercial operations used for ISR.
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Who Are the Key Players Driving Military Electro-Optics/Infrared (EO/IR) Systems Market Growth?
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Thales Group
• L3Harris Technologies Inc.
• BAE Systems PLC
• Leonardo SpA
• Elbit Systems Ltd.
• Rheinmetall AG
• Ultra Electronics Holdings
• Optics, Sensor, Processor
• Textron Inc
• Teledyne FLIR, Leidos Holdings Inc.
• Logos Technologies, Moog Inc,
• Apie Group, The Boeing Co.
• CONTROP Precision Technologies
• Alpha Design Technologies
• SPI Corp, Tonbo Imaging
• UTC Aerospace Systems
• Zhejiang Dali Technology Co. Ltd.
• Luminator Technology Group
• Curtiss-Wright Corporation
What Are The Key Trends In The Military Electro-Optics/Infrared (EO/IR) Systems Market?
• Integration with command and control (C2) systems
• Development of 3D imaging technologies
• Advances in image processing algorithms
• Focus on cybersecurity for EO/IR systems
• Application in urban warfare and asymmetric threat environments
What Are The Segments Of The Global Military Electro-Optics/Infrared (EO/IR) Systems Market?
1) By Product Type: Handheld System and EO/IR Payload
2) By Component: Human Machine Interfaces, Stabilization Units, Control Systems, Optics, Sensors and the Processor
3) By Imaging Technology: Scanning, Starring, Hyperspectral, and Multispectral
4) By Platform: Land, Airborne, and Naval
5) By Application: Military Intelligence, Surveillance, and Reconnaissance
Which Region Leads The Military Electro-Optics/Infrared (EO/IR) Systems Market?
North America emerged as the largest region in the military EO/IR Systems market in 2024. However, the market report also covers other areas including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Military Electro-Optics/Infrared (EO/IR) Systems Global Market Report?
- Market Size Analysis: Analyze the Military Electro-Optics/Infrared (EO/IR) Systems size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Military Electro-Optics/Infrared (EO/IR) Systems for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Military Electro-Optics/Infrared (EO/IR) Systems growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Military Electro-Optics/Infrared (EO/IR) Systems.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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