Global Military Electro-Optical and Infrared Systems Market Report Information by Type (Image Intensification, Laser, and Infrared), by Sensor Technology (Scanning, Starring, Multispectral, and Hyperspectral), by Platform (Airborne, Land-based, and Naval), and by Region - Forecast To 2023.
Market Scenario:
In military industries, Electro-Optical and Infrared (EO/IR) systems play a vital role as they are mostly used in airborne, land-based, and naval sectors. Airborne EO/IR systems consist of optic sights, inspection systems, helmet seated displays, and night vision systems. Land-based systems consist of weapon mounted sights, night vision goggles, vehicle-mounted optronics devices, thermal imagers, laser range finders, and designators. Naval based EO/IR systems are infrared imaging and detectors, thermal imagery systems, optronics mast systems, and surveillance & tracking systems.
Nowadays, Long Wavelength Infrared (LWIR) systems are mostly used by military systems to provide armored vehicles with advanced thermal imaging capacities and improved target detection and recognition of range. In case of poor visibility, low light cameras are used for better performance with less power consumption and optimum output. Laser range finders aid in day or night conditions and in nearly all battlefield conditions, including haze, smoke, fog, and rain. Market players are upgrading to EO/laser guidance systems; this is trending towards special military missions, which provide imaging cameras that act both as sight and target seeker for small weapons and missile systems.
For combat vehicles, military services are looking for cost effective electronics and electro-optics systems. The growth is due to the rising demand, changing scenarios of warfare, and innovations in technology in vehicle electronics, which includes RF jamming devices and EO/IR sensors to locate warfare situation. The electronics market is estimated to grow at a CAGR of 1.40% in the next five years, which will drive the EO/IR market immensely.
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Military forces have strengthened their power across the globe with huge investments to develop new technology and systems. The market has evolved with a new InGaAs detector system, which allows imaging in SWIR without the necessity of an external cooling system. It also consumes less power and provides images at high frame rates. It also offers real-time detection during the day or low light and it can even be used at room temperature with no moving parts and can produce images through glass and plastic using glass optics.
Upgrade and development in EO/IR systems and technology have enabled 360-degree rotation, 24-hour situational awareness, automated object detection, and guidance for defense gunnery. Systems recognize the targets during day and night and in high and low contrast environments. Furthermore, they combine five sensors to be used together or individually on five separate missions.
Battlefield environments have taken a new technological trend with the LWIR systems, which provide armored vehicles with upgraded thermal imaging capacities and improved target detection, recognition, and identification of the range. The system's imaging capability offers actionable information, vehicle survivability, and crew protection in the war field. Moreover, it provides 15-micron pixel pitch, a 640*512 cooled infrared detector, and enhances radiation signal strength, which enables it to perform better in haze, smoke, and cold environments.
The usage of EO/laser guidance systems is trending toward special military missions. This system provides an imaging camera that acts both as for sight and target seeker for small weapons and missile systems. It enables miniature missiles to fly through complex trajectories by offering combat ranges up to 0.81 miles. Also, it has been cost-effective and lightweight with high accuracy for target acquisition and weapon guidance
The challenges for EO/IR systems have increased because of fast-moving trends in the unmanned industry such as reduction in the weight and size of, and less power-consuming, aircraft, and vehicles. This has put intense pressure on the market to develop and modify the size and weight of sensors used in these unmanned systems.
Increasing security threats have forced the defense industry to modernize and upgrade its aircraft, combat vehicles, and ships. It has added pressure on the market to evolve with new and compatible systems and technologies to meet the requirement of these fleet and craft.
The military electro-optical and infrared systems market is expected to grow at a CAGR of over 7%, during the forecast period of 2017-2023.
Regional Analysis:
According to the forecast, North America will be leading the military EO/IR market, due to the growing demand for electro-optics/infrared systems across different sectors, such as military, commercial, and public safety. The region is growing due to increased investments in defense equipment and use of electro-optics/infrared system across the region.
In the military electro-optical and infrared systems market, the U.S. is the key player as it is spending huge amounts on development and procurement of EO systems. The various military segments include helicopters, armored vehicles, UAVs, aircrafts, naval vessels, and submarines. The U.S. is also the largest spender in the EO/IR systems market, due to several undergoing development and procurement projects. Most of the R&D for EO/IR technologies is directed towards the development of robust, lightweight, and cost-effective systems significant for critical missions. The EO/IR systems for airborne applications are anticipated to generate maximum spending over the forecast period in this region.
By the end of 2031, Latin America is expected to deliver 52 new combat ships and submarines. Though Latin America military aircraft declined in 2014 by 5%, further market is expected to grow during the forecast period.
Key Players:
The key players in this market are Airbus Group(France), BAE Systems Plc. (U.K), Elbit Systems Ltd (Israel), Excelitas Technologies (U.S.), Finmeccanica SpA (Italy), FLIR Systems Inc. (U.S.), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), and Thales Group (France).
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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.
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.Access Full Description of this report at:- https://www.nextmsc.com/report/military-electro-optical-infrared-systems-market Top Companies: 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 others.The global military electro-optical and infrared systems market share is segmented based on type and geography.
On the basis of type, the market is divided into airborne EO/IR systems, naval EO/IR systems, and ground EO/IR systems.
Geographic bifurcation of military EOIR market includes regions comprising North America, Europe, Asia-Pacific, and RoW.Request sample copy of this report at:- https://www.nextmsc.com/military-electro-optical-infrared-systems-market/request-sample 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.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
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Product Segment Analysis: Targeting SystemElectronic Support MeasureImaging SystemApplication Segment Analysis: AirLandNavalRegional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.Regional evaluation is yet another highly vast region of the research and analysis study of the Global Military Electro Optical and Infrared Systems Market presented in the report.
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