Military Electro-Optics/Infrared (EO/IR) Systems Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

"What industry-specific factors are fueling the growth of the military electro-optics/infrared (eo/ir) systems market?
The escalation in demand for intelligence, surveillance, and reconnaissance (ISR) is predicted to stimulate the expansion of the military electro-optics and infrared (EO/IR) systems market. ISR, a military phrase, encompasses the systematic collection, organisation, and distribution of accurate and timely information and intelligence to aid in a commander's decision-making process. The Electro-Optical Infra-Red (EO/IR) system sensor technology is instrumental in decentralized intelligence, surveillance, and reconnaissance (ISR) across military airborne, land, and naval platforms. For example, the Defense Intelligence Agency, a US-based intelligence and combat support agency, reported that in 2022 there were 550 ISR satellites in service to facilitate military actions. This was a significant increase from nearly 100 ISR satellites a decade before. Additionally, in December 2022, Skykam Technical Inspection, a UK corporation specializing in UAV building inspection services, stated that by 2023 the FAA had registered 855,860 drones in the United States, with commercial operations accounting for 37% (316,075) of registrations and being utilized for ISR operations. As a result, the burgeoning necessity for intelligence, surveillance, and reconnaissance (ISR) is fuelling the growth of the military electro-optics and infrared (EO/IR) systems market.

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What Is the projected market size and growth rate for the military electro-optics/infrared (eo/ir) systems market?
In recent years, the market size for military electro-optics/infrared (EO/IR) systems has been rapidly expanding. It is expected to increase from $10.29 billion in 2024 to $10.94 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. This growth in the historic period is mainly due to heightened threats and conflicts, the modernization of military platforms, counterinsurgency operations, the need for border surveillance, and search and rescue missions.

The market size of military electro-optics/infrared (EO/IR) systems is anticipated to experience significant expansion in the forthcoming years, ballooning to ""$14.2 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. Reasons for this expected growth during the prediction period include geopolitical unrest, increased focus on unmanned systems, anti-drone capabilities, improved targeting and fire control, and the response to natural disasters. Key trends during the prediction period encompass integration with command and control (c2) systems, the creation of 3D imaging technology, advancements in image processing algorithms, concentration on cybersecurity for EO/IR systems, and application in city warfare and uneven threat scenarios.

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What new trends are reshaping the military electro-optics/infrared (eo/ir) systems market and its opportunities?
The uptake of artificial intelligence integration is becoming a significant trend in the military electro-optics/infrared (EO/IR) systems market. Firms active within the military electro-optics/infrared (EO/IR) systems business are striving to include artificial intelligence in order to maintain their market relevance. For example, in April 2023, Raytheon Technologies Corporation, an American aerospace and defence firm, unveiled RAIVEN, an intelligent electro-optical sensing feature for EO/IR systems. RAIVEN enhances platform longevity and shields warfighters by offering accurate, ongoing target observation and swift dissemination of information. RAIVEN's 'intelligent-sensing' feature allows operators to see with up to five times more accuracy and distance than traditional optical imaging systems. It amalgamates artificial intelligence, hyperspectral imaging, and LiDAR (Light Detection and Ranging), thereby bolstering platform survivability and providing the warfighter with a tactical advantage over opponents.

What major market segments define the scope and growth of the military electro-optics/infrared (eo/ir) systems market?
The military electro-optics/infrared (EO/IR) systems market covered in this report is segmented -

1) By Product Type: Handheld System, EO/IR Payload.
2) By Component: Human Machine Interfaces, Stabilization Units, Control Systems, Optics, Sensors, Processor.
3) By Imaging Technology: Scanning, Starring, Hyperspectral, Multispectral.
4) By Platform: Land, Airborne, Naval.
5) By Application: Military Intelligence, Surveillance, Reconnaissance.

Subsegments:
1) By Handheld System: Portable Thermal Imaging Devices, Night Vision Goggles, Handheld Multi-Sensor Systems, Tactical Thermal Monoculars
2) By EO Or IR Payload: UAV Payloads, Ground Vehicle Mounted Systems, Maritime EO Or IR Systems, Aerial Surveillance Payloads

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Which region dominates the military electro-optics/infrared (eo/ir) systems market?
North America was the largest region in the military electro-Optics/Infrared (EO/IR) Systems market in 2024. The regions covered in the military electro-optics/infrared (EO/IR) systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the military electro-optics/infrared (eo/ir) systems industry growth?
Major companies operating in the military electro-optics/infrared (EO/IR) systems market include 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, Theon Sensors SA, Safran SA, Excelitas Technologies Corp., General Dynamics Corporation, PVP Advanced EO Inc., 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

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What Is Covered In The Military Electro-Optics/Infrared (EO/IR) Systems Global Market Report?

• Market Size Forecast: Examine the military electro-optics/infrared (eo/ir) systems market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the military electro-optics/infrared (eo/ir) systems market for a structured understanding.
• Key Players Overview: Analyze major players in the military electro-optics/infrared (eo/ir) systems market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the military electro-optics/infrared (eo/ir) systems market.
• Segment Contributions: Evaluate how different segments drive overall growth in the military electro-optics/infrared (eo/ir) systems market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the military electro-optics/infrared (eo/ir) systems market.
• Industry Challenges: Identify potential risks and obstacles affecting the military electro-optics/infrared (eo/ir) systems market.
• Competitive Landscape: Review strategic developments in the military electro-optics/infrared (eo/ir) systems market, including expansions, agreements, and new product launches.

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