The Military Electro-Optics Or Infrared (EO Or IR) Systems Global Market Report 2023, provides comprehensive information on the military electro-optics/infrared (eo/ir) systems market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Military Electro-Optics Or Infrared (EO Or IR) Systems Market’s Growth:
The global military electro-optics and infrared (EO/IR) systems market size is expected to grow from $9.08 billion in 2022 to $9.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military electro-optics and infrared (EO/IR) systems market size is expected to reach $12.66 billion in 2027 at a CAGR of 6.7%.
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Integration of artificial intelligence is a key trend gaining popularity in the military electro-optics/infrared (EO/IR) systems market. Companies operating in the military electro-optics/infrared (EO/IR) systems market are focused on integrating artificial intelligence to sustain their position in the market. For instance, in April 2023, Raytheon Technologies Corporation, a US-based aerospace and defense company, launched RAIVEN, an electro-optical intelligent-sensing capability for electro-optics and infrared (EO/IR) systems. RAIVEN promotes platform durability and protects warfighters by providing precise, persistent target surveillance and rapid information dissemination. The ‘intelligent-sensing’ capacity of RAIVEN enables operators to see up to five times farther and more precisely than conventional optical imaging. It combines artificial intelligence, hyperspectral imaging, and light detection and ranging, or LiDAR. This improves platform survival and gives the warfighter a strategic edge against adversaries.
The military electro-optics/infrared (eo/ir) systems market is segmented:
1) By Product Type: Handheld System, EO/IR Payload
2) By Component: Human Machine Interfaces, Stabilization Units, Control Systems, Optics, Sensors, Processor
3) By Imaging Technology: Scanning, Starring, Hyperspectral, Multispectral
4) By Platform: Land, Airborne, Naval
5) By Application: Military Intelligence, Surveillance, Reconnaissance
North America was the largest region in the military electro-optics/infrared (eo/ir) systems market in 2022.
The table of contents in TBRC’s military electro-optics/infrared (eo/ir) systems market report includes:
1. Executive Summary
2. Military Electro-Optics/Infrared (EO/IR) Systems Market Characteristics
3. Military Electro-Optics/Infrared (EO/IR) Systems Market Trends And Strategies
4. Military Electro-Optics/Infrared (EO/IR) Systems Market – Macro Economic Scenario
5. Military Electro-Optics/Infrared (EO/IR) Systems Market Size And Growth
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26. Africa Military Electro-Optics/Infrared (EO/IR) Systems Market
27. Military Electro-Optics/Infrared (EO/IR) Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Electro-Optics/Infrared (EO/IR) Systems Market
29. Military Electro-Optics/Infrared (EO/IR) Systems Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Raytheon Technologies Corporation
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Thales Group
- L3Harris Technologies Inc
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