The Military Platform Electro Optics Global Market Report 2023, provides comprehensive information on the military platform electro optics 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 Platform Electro Optics Market’s Growth:
The global military platform electro-optics market size is expected to grow from $4.08 billion in 2022 to $4.28 billion in 2023 at a compound annual growth rate (CAGR) of 4.93%. 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 platform electro-optics market size is expected to reach $5.05 billion in 2027 at a CAGR of 4.20%.
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AI-enabled threat identification systems are a key trend gaining popularity in the military platform electro-optics market. Companies operating in the military platform electro-optics market are adopting new technologies to sustain their position in the market. For instance, in April 2023, Raytheon Technologies, a US-based aerospace and defense company, launched the RAIVEN, an AI-powered system with electro-optics and infrared capability designed to detect and identify threats in real-time military operations. This system harnesses the power of advanced technologies like hyperspectral, LiDAR (light detection and ranging), and artificial intelligence to deliver unprecedented targeting, battlespace awareness, range, and visual superiority.
The military platform electro optics market is segmented:
1) By Product Type: Hyperspectral Electro-Optics, Multispectral Electro-Optics
2) By Platform Type: Land Electro-Optics, Naval Electro-Optics, Airborne Electro-Optics
3) By Point Of Sale: Original Equipment Manufacturer (OEM), Aftermarket
North America was the largest region in the military platform electro optics market in 2022.
The table of contents in TBRC’s military platform electro optics market report includes:
1. Executive Summary
2. Military Platform Electro Optics Market Characteristics
3. Military Platform Electro Optics Market Trends And Strategies
4. Military Platform Electro Optics Market – Macro Economic Scenario
5. Military Platform Electro Optics Market Size And Growth
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26. Africa Military Platform Electro Optics Market
27. Military Platform Electro Optics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Platform Electro Optics Market
29. Military Platform Electro Optics Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- L3Harris Technologies Inc
- Raytheon Technologies Corporation
- Lockheed Martin Corporation
- Leonardo S.p.A
- Elbit Systems Ltd
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