Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Military Electro-Optics/Infrared Systems market. Market segmentation includes Platform (Air, Land, Naval); System (Electronic Support Measure (ESM), Imaging System, Targeting System); Technology (Uncooled, Cooled); Imaging Technology (Multispectral, Hyperspectral).
Electro-optical or EO systems refer to devices that make use of a mix of optics and electronics for generating, detecting and measuring radiation in the optical spectrum. Electro optical systems or infrared systems constitute imaging systems primarily used by law enforcement and military departments for achieving better situational awareness of environments, during daytime and nights, and even in conditions of low light. In the present day, military missions comprise intelligence, surveillance, and reconnaissance (ISR) missions in which EO/IR systems are important for data collection and for offering insights. The global military electro-optics/infrared system market is closely tied to the trends in the military and defense industries. The market is set to witness incremental growth in the coming years due to rising territorial disputes among countries, technological advances and the need to modernize existing systems. Further, growing number of unmanned vehicles and the rising use of these systems in such vehicles for surveillance purposes, increasing defense spends, and strong requirement to improve military ISR capabilities are also driving gains in the market. The rising trend of miniaturization and growing accuracy of the systems in addition to their increased reliability and cost effectiveness are propelling the use of these systems in various applications. Research efforts in the area of third generation nonlinear crystals, forward-looking infrared, smart seekers and sensors, sophisticated 3D visualization, laser radars, and hyperspectral and multispectral sensors, and persistent surveillance systems are resulting in the development of better EO/IR systems, and this is positively impacting the market. Demand for EO/IR systems is also being encouraged by the NCW (Network Centric Warfare) doctrines, which are at different implementation stages in key militaries globally.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 9519. Among this pool, 1333 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 286 unique participations, a total of 129 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
Northrop Grumman Corporation
Lockheed Martin Corporation
BAE Systems PLC
Elbit Systems Ltd.
L3Harris Technologies, Inc.
Israel Aerospace Industries Ltd.
Segments Covered in the Report -
Platform (Air, Land, Naval)
System (Electronic Support Measure (ESM), Imaging System, Targeting System)
Technology (Uncooled, Cooled)
Imaging Technology (Multispectral, Hyperspectral)
Geographies Analyzed in the Report -
Rest of Europe
Rest of World.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.