Military Electro-Optical and Infrared (EOIR) Systems Market by Type (Image Intensification, Infrared, and Laser), by System (Imaging and Non Imaging), by Platform (Air-based, Land-based, and Sea-based) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Market Definition:

The Global Military Electro-Optical and Infrared (EOIR) Systems Market size is estimated to be USD 12.72 billion in 2019 and is predicted to reach USD 24.65 billion by 2030 with a CAGR of 6.2% from 2020-2030.

Military Electro-Optical and Infrared (EOIR) Systems consist of visible and infrared sensors that help the user to work in the dark or low light conditions. EOIR system comprises of devices and components designed to interact between the optical and the electronic state. The use of Military EOIR system enables defence forces to achieve higher battlefield awareness through intelligence, surveillance and reconnaissance (ISR). Other applications of EOIR system in the defence sector include night vision devices (NVDs), visible-light cameras, infrared (IR) sensors, lasers, distance measuring devices and many more.

Market Dynamics and Trends:

The rising demand for electro optical and infrared (EOIR) system in military for the development of enhanced defense equipment like laser range finders, lenses, integrated observation equipment and many more has driven the military electro-optical and infrared systems market growth. Also, the increasing government emphasis all over the world to strengthen their defense sector is the key driver towards the growth of military EOIR systems market.

However, stagnant product lifecycle along with the limited ability to perform in extreme weather conditions and high cost of military EOIR systems are some of the factors that hinder the market growth. On the other hand, increasing research activities to enhance the operational capacity accompanied with greater adoption of advanced technologies and sensors will create ample opportunities in the military electro-optical and infrared systems market.

Market Segmentations and Scope of the Study:

The global military electro-optical and infrared systems market share is segmented based on type, system, platform and geography. On the basis of type, the market is divided into Image Intensification, Infrared, and Laser. On the basis of system, the market is divided into Imaging and Non Imaging. On the basis of platform, the market is divided into Air-based, Land-based, and Sea-based. Geographic bifurcation of military EOIR market includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America holds the lion share in the EOIR systems market owing to the increased adoption of military EOIR systems. This is due to the presence of key players, technological innovations, developed economy and the greater defense expenditure by the U.S.

However, Asia Pacific is expected to show a steady rise in the adoption of military electro-optical systems market due to the presence of emerging economies, military modernization that encourages the use of modern technologies, along with the growing tensions between China and other Asian countries.

Competitive Landscape:

The military electro-optical and infrared systems market is highly competitive and consists of a number of major players. Some of the major market players include BAE Systems Ltd, DRS Technologies Inc, European Aeronautics Defence and Space (EADS), Elbit Systems Ltd, EOIR Technologies Inc, Excelitas Technologies, Exelis Inc, Finmeccanica SpA, FLIR Systems Inc, General Atomics Aeronautical Systems Inc., General Dynamics Corporation, Harris Corporation, Israel Aerospace Industries (IAI) Ltd, L-3 Communications, Leidos and among others.

KEY BENEFITS:

• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global military electro-optical and infrared systems market.

• In-depth analysis is conducted by global military electro-optical and infrared systems market estimations for the key market segments between 2020 and 2030. 

• Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.

• Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global military electro-optical and infrared systems market.

KEY SEGMENTS:

By Type

• Image Intensification

• Infrared

• Laser

By System

• Imaging

• Non Imaging

By Platform

• Air-based

• Land-based

• Sea-based

By Geography

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • Turkey

  • Italy

  • Rest of Europe

• Asia-Pacific

  • South Korea

  • India

  • Australia

  • Rest of Asia-Pacific

• RoW

  • Israel

  • Qatar

  • Saudi Arabia

  • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

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