Military Electro-Optics/Infrared (EO/IR) Systems Market: Global Industry Analysis and Opportunity

 

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Military Electro-Optics/Infrared (EO/IR) Systems Market: Global Industry Analysis and Opportunity Valuation and Forecast to 2022

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Feature:

The military electro-optics/infrared (EO/IR) systems market is estimated to be USD 10.15 Billion in 2016 and is projected to reach USD 14.20 Billion by 2022, at a CAGR of 5.75% from 2016 to 2022. The objectives of this study are to analyze the military electro-optics/infrared (EO/IR) systems market, along with statistics from 2016 to 2022 as well as to define, describe, and forecast the military electro-optics/infrared (EO/IR) systems market on the basis of platform, system, technology, sensor technology, imaging technology, and region. 2015 is considered to be the base year, whereas, 2016 to 2022 is considered as the forecast period for this study.

1.Trends in the market
2.Segmentation of the market
3.Latest global Information available about system
4.SWOT analysis
5.Effectiveness of marketing

Benefit:
1.Tapping opportunities
2.Encouraging communication
3.Minimization of the risks
4.Establish trends and market standing
5.Find out possible problems

Key Player:

Several major players are present in the military electro-optics/infrared (EO/IR) systems market. Some of these players are Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), BAE Systems Plc. (U.K.), Raytheon Company (U.S.), and Thales Group (France), among others. Lockheed Martin Corporation (U.S.)

The military electro-optics/infrared (EO/IR) systems market is estimated to be USD 10.15 Billion in 2016 and is projected to reach USD 14.20 Billion by 2022, at a CAGR of 5.75% from 2016 to 2022. The demand for electro-optics/infrared (EO/IR) systems is expected to grow at a rapid pace in the future, owing to the increasing demand for battlespace awareness by defense forces, growth in demand for electro-optics/infrared (EO/IR) systems for unmanned vehicles for surveillance applications, and technological advancements resulting in improved performance efficiency.

Based on the platform, the military electro-optics/infrared (EO/IR) systems market has been segmented into airborne, naval, and land. The airborne segment is projected to lead the military electro-optics/infrared (EO/IR) systems market during the forecast period. This growth can be attributed to their increasing use for UAV applications such as mapping, surveillance, reconnaissance, and search & rescue, among others, which require cameras as necessary payloads to collect data and transmit video information to the ground control station (GCS).
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