Global Military Electro-optical and Infrared Systems Market Driven by Demand for Miniaturized Systems

Published Date : Dec 05, 2016

ALBANY, NY, Dec 05, 2016: The report is a comprehensive study of the global market for military electro-optical and infrared systems (EO/IR systems) and is aimed at providing existing and new vendors an edge over their competitors. It does so via in-depth reports of factors that are expected to influence the global market, identifying the latest trends, and profiling some of the prominent players for their products, market shares, and strategies. The report projects a healthy CAGR of 6.63% for the market during the forecast period of 2016 to 2020. 

The 64-page report observes that EO/IR systems are absolutely necessary for military operations. These systems include various technologies that are required for mission requirements and target acquisitions. Military electro-optical and infrared systems are applicable in airborne, land-based, and naval operations. Optic sights, night vision systems, helmet-mounted displays, and observation systems are some of the airborne EO/IR systems. Land-based military electro-optical and infrared systems include weapon-mounted sights, vision goggles, thermal imagers, vehicle-mounted optronics devices, laser rangefinders, and designators. Naval-based EO/IR systems include infrared imaging and detectors, thermal imagery systems, surveillance and tracking systems, and optronics mast systems. Improved visibility, tracking, and targeting of enemy locations are some of the uses of these systems. 

According to the report, some of the factors expected to drive the global military EO/IR systems market are an emphasis on situational awareness, the increasing focus on maritime capabilities, and the use of tactical UAVs in an integrated C4ISR environment. It also identifies some of the factors that will hinder the growth of the market during the forecast period, such as barriers to adoption of new technology and equipment, complexities in cyber security, and spectrum management issues. 

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The development of miniaturized EO/IR systems is seen as the most influential trend in the global market, supported by other trends such as increased adoption of sensor fusion technology and a preference for integrated C4ISR environment. The report provides an in-depth reports of all these factors and estimates the eventual impact. 

Geographically, the report segments the global military electro-optical and infrared systems market into the Americas, EMEA, and APAC. Market values of these regional markets, individual growth prospects, and top segments have been identified by the report. 

Some of the key players in the global military electro-optical and infrared systems market are BAE Systems, Elbit Systems, Lockheed Martin, Raytheon, and Thales. The report also identifies other prominent players in the report, such as CONTROP Precision Technologies, DRS Technologies, General Dynamics, Harris, Israel Aerospace Industries, L-3 Communications, and Saab. For each of these players, their business segmentation by revenue, key products, capabilities, and other portfolios have been presented by the report. The study has been prepared after extensive primary and secondary research and contains findings that are both reliable and verifiable. With the help of research techniques such as Porter’s five forces reports and SWOT reports, the important aspects of each player have been highlighted. 

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