The Global Military Electro-Optics/Infrared (EO/IR) Systems Market is projected to reach USD 29.81 billion by 2028, at a CAGR of 5.1% during the forecast period. EO/IR systems cover a wide range of distinct technologies based on targets and missions to be accomplished. Target phenomenology often dominates the choice of the spectral band. For instance, missile launch detection depends on the hot missile exhaust, which produces a significant amount of radiation in the UV spectral region. The band choice is also influenced by variations in atmospheric transmission and scattering. EO/IR missions are classified into dealing with point targets and extended fully imaged targets. For point targets, the challenge is to extract the target from a complex and cluttered background. For fully imaged targets, the contrast between target and background is a critical parameter. The ability to detect dim targets is a measure of the system’s sensitivity. The resolution of a sensor is its ability to determine fine details. Measures of resolution depend on the precise task. The use of eye chart such as calibration is common in defense applications.

The increasing need for technologically advanced security, surveillance, and intelligence, owing to rising insurgencies is one of the major factors driving the market. Another factor affecting the market growth is the increasing demand for drone-powered EO/IR systems for border control and night watch.

Among systems, the imaging segment is expected to grow at the highest rate. This growth can be attributed to the increasing surveillance demands from the military to identify targets. Due to developments in advanced laser and infrared technologies, imaging systems can provide high-res 3D images, and locate and identify targets at much longer ranges than that possible with existing optical systems.

The North American region is expected to account for the largest share of the market. Moreover, the US spending on military and defense is the highest in the world. Thus, increasing government investments in military and defense for various purposes is the main factor driving the military electro-optics/infrared (EO/IR) systems market in this region.

The military electro-optics/infrared (EO/IR) systems market in the Asia Pacific region is expected to grow at the fastest rate due to the introduction of modernization programs by countries in the region for their soldiers. Military forces of countries in this region have recently started incorporating advanced technologies, including EO/IR systems. This is expected to fuel market growth.

Key Factors Impacting Market Growth:

• The increasing need for technologically advanced security, surveillance, and intelligence systems, owing to the rise in insurgencies
• Increasing demand for drone-powered EO/IR systems for border control and night watch
• Advancements in imaging technologies
• High government investments in military and defense 

Key Developments:

• In November 2017, Lockheed Martin (Canada), L3 Technologies (US), BAE Systems (UK), CAE (Canada), MDA (Canada), and Ultra Electronics (UK) collaborated as Canada’s combat ship team for the Royal Canadian Navy’s future fleet of surface combatants. Canada’s combat ship team has designed one of the most advanced and latest warships, the type 26 global combat ship (GCS), along with high-tech platform innovations from prominent Canadian companies. This ship consists of electro-optics and infrared sensors, torpedo handling systems, integrated platform management systems, and integrated communications.
• In January 2018, Finland University developed a new optical solution for military security and inspection uses. 

What Does This Report Provide?

This report provides a detailed understanding of the military electro-optics/infrared (EO/IR) systems market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Platform:

• Land
• Air
• Naval

By System:

• Targeting
• Electronic Support Measure
• Imaging

By Wavelength:

• Near Infrared
• Short Infrared
• Medium Infrared
• Long Infrared
• Ultra-Violet

By Imaging Technology:

• Hyperspectral
• Multispectral

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Platform
  • By System
  • By Wavelength
  • By Imaging Technology
• Western Europe:
  • By Country (Germany, UK, France, Spain, Rest of Western Europe)
  • By Platform
  • By System
  • By Wavelength
  • By Imaging Technology
• Eastern Europe:
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Platform
  • By System
  • By Wavelength
  • By Imaging Technology
• Asia Pacific
  • By Country (China, Japan, India, Rest of Asia Pacific)
  • By Platform
  • By System
  • By Wavelength
  • By Imaging Technology
• Middle East:
  • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
  • By Platform
  • By System
  • By Wavelength
  • By Imaging Technology
• Rest of the World
  • By Region (Latin America, Brazil, Rest of the World)
  • By Platform
  • By System
  • By Wavelength
  • By Imaging Technology

Companies Covered: UTC Aerospace, Rockwell Collins, Raytheon, Northrop Grumman Corporation, BAE Systems Plc., Thales Group, Lockheed Martin Corporation, L3 Technologies, Leonardo DRS, and Hensoldt GmbH

Years Considered In The Study

 

Historic Year	2016, 2017
Base Year	2018
Forecast Period	2019-2028
CAGR % (2019-2028)	5.1

 Reasons to Buy This Report:

• Market size estimation of the military electro-optics/infrared systems market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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