Military Platform Electro-Optics Market is Forecasted to Reach US$ 5.2 Billion in 2027, Says Stratview Research

The global Military Platform Electro-Optics Market is projected to witness a growth rate of 4.1% annually from 2022 to 2027, with an anticipated size of US$ 5.2 billion in 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Military Platform Electro-Optics Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2474/military-platform-electro-optics-market.html#form

Report Highlights:
Market Size in 2027: US$ 5.2 billion
Growth (CAGR): 4.1% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Military Platform Electro-Optics Market:
The global Military Platform Electro-Optics Market is segmented based on platform type, product type, and region.

Based on Platform Type- The military platform electro-optics are bifurcated as airborne electro-optics, land electro-optics, and naval electro-optics. In 2021, airborne platforms contributed to a major market share of the market due to the growing usage of electro-optics in UAVs for tracking, surveillance, reconnaissance, and search and rescue. During the projection period, the land platform is expected to grow at a faster pace as compared to the naval platform. Rising geopolitical index across regions in the wake of growing terror threats, territorial conflicts, and border concerns compelled the governments to pay greater attention to surveillance, threat detection, and target identification.

Based on Product Type- The market is classified as hyperspectral electro-optics and multispectral electro-optics. Between product types, multispectral electro-optics occupy a lion's share of the market. The multispectral systems commonly collect data from three to six spectral bands in a single observation, whereas the hyperspectral system collects data through several hundred spectral bands in a single acquisition. Such features make multispectral systems cost-effective. Due to their attributes, hyperspectral systems are expensive as they demand more technological advancements to produce more detailed spectral data, which give rise to issues related to increased sensor and image costs along with data volumes and data-processing costs.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2474/military-platform-electro-optics-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America accounted for the largest market share of the market, and it held a revenue share of more than 40% in 2021, in the wake of huge expenditure on their overall military assets along with the presence of several major players. This growth outlook is majorly attributed to the following-
• The USA remains the workhorse of the North American as well as global markets. All the leading electro-optical system providers have a presence in the country to tap the huge market potential. Asia-Pacific, another noticeable region, is expected to witness the fastest growth in the coming five years.
• Over the years, major countries, such as China and India, have been increasing their military expenditure to solidify their capabilities. Technology advancements remain at the core of these countries.

Military Platform Electro-Optics Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing military expenditure, especially of the major countries, is rendering a positive impact with several colors despite the COVID-19 tsunami in the ecosystem. Even the long-term market perspective seems fruitful with good growth opportunities for the market participants.

Top 10 Companies in the Military Platform Electro-Optics Market:
Stratview Research has identified the following companies as the top market players:
• L3Harris Technologies, Inc.
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• Leonardo S.p.A.
• Elbit Systems Ltd.
• Thales Group
• BAE Systems
• Northrop Grumman
• Safran Group
• Teledyne FLIR LLC

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Military Platform Electro-Optics Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Military Aircraft Market: https://www.stratviewresearch.com/2912/military-aircraft-market.html
• Military Airborne Electro-Optics Market: https://www.stratviewresearch.com/2475/military-airborne-electro-optics-market.html

Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.