The global market for Military Electro-Optics / Infrared Systems was valued at an estimated US$9.2 Billion in 2023 and is projected to reach US$13.4 Billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the military EO/IR systems market is driven by several factors, including advancements in sensor technology, increasing global security threats, and rising defense expenditures by governments worldwide. The development of more compact, powerful, and cost-effective sensors has enabled broader deployment and integration of EO/IR systems across various platforms. The growing need for enhanced surveillance and reconnaissance capabilities in an era of asymmetric warfare and global terrorism has also spurred demand for these systems.
Furthermore, the adoption of unmanned systems, such as drones and unmanned aerial vehicles (UAVs), which heavily rely on EO/IR technology for navigation and mission execution, contributes significantly to the expansion of this market. Consumer behavior within defense sectors shows a clear preference for multi-functional, integrated systems that offer robust performance in diverse operational conditions. This trend is expected to continue driving innovation and growth in the military EO/IR systems market as technological capabilities advance and operational demands evolve.
The growth in the military EO/IR systems market is driven by several factors, including advancements in sensor technology, increasing global security threats, and rising defense expenditures by governments worldwide. The development of more compact, powerful, and cost-effective sensors has enabled broader deployment and integration of EO/IR systems across various platforms. The growing need for enhanced surveillance and reconnaissance capabilities in an era of asymmetric warfare and global terrorism has also spurred demand for these systems.
Furthermore, the adoption of unmanned systems, such as drones and unmanned aerial vehicles (UAVs), which heavily rely on EO/IR technology for navigation and mission execution, contributes significantly to the expansion of this market. Consumer behavior within defense sectors shows a clear preference for multi-functional, integrated systems that offer robust performance in diverse operational conditions. This trend is expected to continue driving innovation and growth in the military EO/IR systems market as technological capabilities advance and operational demands evolve.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Air application segment, which is expected to reach US$5.8 Billion by 2030 with a CAGR of a 4.8%. The Land application segment is also set to grow at 6.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.7 Billion in 2023, and China, forecasted to grow at an impressive 6.9% CAGR to reach $1.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Military Electro-Optics / Infrared Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Military Electro-Optics / Infrared Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Military Electro-Optics / Infrared Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BAE Systems plc, Elbit Systems Ltd., Excelitas Technologies Corp., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 82 Featured):
- BAE Systems plc
- Elbit Systems Ltd.
- Excelitas Technologies Corp.
- Israel Aerospace Industries
- L3Harris Technologies, Inc.
- Leonardo DRS, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB
- Safran SA
- Teledyne FLIR LLC
- Thales Group
- Ultra Electronics Holdings plc
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAJAPANFRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CHINA
EUROPE
ASIA-PACIFIC
Companies Mentioned
- BAE Systems plc
- Elbit Systems Ltd.
- Excelitas Technologies Corp.
- Israel Aerospace Industries
- L3Harris Technologies, Inc.
- Leonardo DRS, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB
- Safran SA
- Teledyne FLIR LLC
- Thales Group
- Ultra Electronics Holdings plc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 537 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 9.2 Billion |
| Forecasted Market Value ( USD | $ 13.4 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
