Global Military Electro-optical and Infrared Systems Market to grow at a CAGR of 6.63% during Forecast 2016-2020

Albany, NY, March 24, 2017: EO/IR systems are an essential part of military operations. These systems encompass a broad array of distinct technologies that are based on target acquisitions and mission requirements. Such EO/IR systems are used in different military applications like airborne, land-based, and naval. Some of the airborne EO/IR systems are optic sights, observation systems, helmet mounted displays, and night vision systems. Land-based EO/IR systems include night vision goggles, weapon mounted sights, vehicle mounted optronics devices, thermal imagers, laser rangefinders, and designators. Naval based EO/IR systems include thermal imagery systems, infrared imaging and detectors, optronics mast systems, and surveillance and tracking systems. These systems assist in the battlefield with better visibility, tracking, and targeting of enemy locations.

The global military electro-optical and infrared systems market to grow at a CAGR of 6.63% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global military electro-optical and infrared systems market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market from the procurement of new EO/IR systems.

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Technavio's report, Global Military Electro-optical and Infrared Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BAE Systems
- Elbit Systems
- Lockheed Martin
- Raytheon
- Thales

Other prominent vendors
- CONTROP Precision Technologies
- DRS Technologies
- General Dynamics
- Harris
- Israel Aerospace Industries
- L-3 Communications
- Saab

Market driver
- Increasing focus on maritime capabilities.
- For a full, detailed list, view our report

Market challenge
- Barriers to adoption of new technology and equipment.
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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