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on February 8, 2024
According to IMARC Group latest report titled “Military Electro-optical and Infrared Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on military electro-optical and infrared systems market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global military electro-optical and infrared systems market size reached US$ 10.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.
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Military Electro-Optical and Infrared (EO/IR) systems encompass advanced technologies used in defense applications for surveillance, reconnaissance, and targeting. These systems integrate electro-optical sensors and infrared cameras to capture and process visual and thermal information. EO/IR systems are crucial for military operations, offering day and night vision capabilities, target tracking, and threat detection. They enhance situational awareness on the battlefield, navigation aid, and provide intelligence for strategic decision-making. Common applications include airborne platforms, unmanned aerial vehicles (UAVs), ground vehicles, and soldier-worn systems. Military EO/IR systems play a vital role in modern warfare, providing armed forces with enhanced detection and targeting capabilities to ensure mission success and force protection.
Market Trends:
The global market is majorly driven by the increasing emphasis on situational awareness and intelligence-driven operations in military scenarios. These systems offer enhanced surveillance, target acquisition, and threat detection capabilities, addressing the evolving nature of conflicts. The rise of asymmetric warfare and the need for precision targeting contribute to the market's growth. EO/IR systems provide military forces with the ability to operate effectively in diverse environments, including urban and complex terrains, improving overall mission success. Technological advancements play a pivotal role, with ongoing developments in sensor resolution, image processing, and integration with other defense systems. The evolution of EO/IR systems towards smaller, more lightweight, and modular designs enhances their versatility and deployment across various military platforms, including unmanned systems. The increasing use of unmanned aerial vehicles (UAVs) and autonomous platforms in military operations further fuels the demand for EO/IR systems. These systems enable remote sensing, surveillance, and reconnaissance, reducing the risk to human personnel in complex and hostile environments. Additionally, the market benefits from the growing focus on interoperability, with EO/IR systems being integrated into broader defense networks and command and control systems. Collaborations and partnerships between defense contractors, technology providers, and government agencies drive innovation and market expansion.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/military-electro-optical-infrared-systems-market
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
- BAE Systems Plc
- Elbit Systems Ltd., FLIR Systems Inc.
- Israel Aerospace Industries
- L3Harris Technologies Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB
- Thales Group
Key Market Segmentation:
Our report has categorized the market based on region, platform, system, sensor type, technology and wavelength.
Breakup by Platform:
- Air-Based
- Sea-Based
- Land-Based
Breakup by System:
- Targeting System
- Electronic Support Measure (ESM) System
- Imaging System
- Multispectral Imaging System
- Hyperspectral Imaging System
Breakup by Sensor Type:
- Staring Sensor
- Scanning Sensor
Breakup by Technology:
- Cooled
- Uncooled
Breakup by Wavelength:
- Ultraviolet
- Near Infrared
- Short and Medium Wavelength Infrared
- Long Wavelength Infrared
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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IMARC Group
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