Market Overview:
The global military electro optical and infrared systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for advanced targeting systems, electronic support measure, and imaging systems by militaries across the world. Additionally, the growing need for situational awareness and intelligence gathering is also contributing to the growth of this market. The targetting system segment is expected to account for the largest share of the global military electro optical and infrared systems market in 2018.
Product Definition:
Military electro-optical systems (MEOS) are those which employ optics and lasers to provide information about the target or the battlefield. They may be used for surveillance, target acquisition, tracking, rangefinding and targeting.
Targeting System:
The targeting system is an electro-optical and infrared systems used by the military for surveillance and strike missions. It's primary function is to direct the fire of weapons with accuracy. The targeting system uses images captured by a camera or video feed from a drone to locate targets, which are then attacked with missiles, guns or dropped bombs.
Targeting systems have been in use since World War II but has undergone many technological advancements till date.
Electronic Support Measure:
Electronic Support Measure (ESM) is a device used to measure the range and azimuth of an object. It does this by emitting a beam of light which is reflected by the target object. The light beam is then captured by an optical fiber which sends the data to be processed.
Application Insights:
The land application segment dominated the global military electro optical and infrared systems market in 2017. The growth can be attributed to the increasing need for effective surveillance and reconnaissance capabilities on the battlefields. Furthermore, countries such as China and Russia are focusing on developing their own targeting system for use by ground troops which is further driving demand for advanced technology systems.
The air application segment is expected to witness significant growth over the forecast period owing to its wide applications including aerial refuelling, target acquisition & designation, airborne early warning & control, electronic warfare support measures against enemy aircraft/ missiles etc. Moreover, countries such as India are focusing on developing their air force further which will boost demand over next few years.
Naval electro optical.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The U.S., being the most developed nation, has a well-established military and is hence equipped with advanced electro optical and infrared systems to wage war against any external threats. Moreover, North America is home to several prominent players such as Raytheon Company; Lockheed Martin Corporation; General Dynamics Mission Systems, Inc.; Boeing Defense & Security Group; and Harris Corporation who are continuously developing advanced targeting systems for ground troops as well as air forces across the globe.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing geopolitical tensions between nations coupled with rising expenditure on defense by respective governments in order to strengthen their armed forces especially along land borders or against neighboring countries that pose a potential threat similar to China or India thus making it an attractive market for industry players looking forward long term contracts based on need basis rather than price which would lead towards sustainable growth of these systems across this region during future years.
Growth Factors:
- Increasing demand for electro optical and infrared systems from defense sector across the globe
- Proliferation of advanced electro optical and infrared technologies
- Growing investments by governments for modernization of armed forces
- Rising incidences of cross-border conflicts and terrorism
- Emergence of new applications for electro optical and infrared systems in civilian sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Electro Optical and Infrared Systems Market Research Report
By Type
Targeting System, Electronic Support Measure, Imaging System
By Application
Air, Land, Naval
By Companies
Northrop Grumman, Lockheed Martin, Leonardo, Excelitas Technologies, Raytheon, Elbit Systems, Airbus, Thales Group, Bae Systems, Northrop Grumman
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Military Electro Optical and Infrared Systems Market Report Segments:
The global Military Electro Optical and Infrared Systems market is segmented on the basis of:
Types
Targeting System, Electronic Support Measure, Imaging System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Air, Land, Naval
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Northrop Grumman
- Lockheed Martin
- Leonardo
- Excelitas Technologies
- Raytheon
- Elbit Systems
- Airbus
- Thales Group
- Bae Systems
- Northrop Grumman
Highlights of The Military Electro Optical and Infrared Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Targeting System
- Electronic Support Measure
- Imaging System
- By Application:
- Air
- Land
- Naval
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Electro Optical and Infrared Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Military electro optical and infrared systems are used to detect, identify, and track targets in low-light or night conditions. These systems use a variety of sensors to collect data about the target, which is then processed by an onboard computer. This information can be used to determine the location of the target, as well as its size and shape. Military electro optical and infrared systems are often paired with other sensors such as radar or sonar in order to provide a comprehensive picture of the surrounding environment.
Some of the major players in the military electro optical and infrared systems market are Northrop Grumman, Lockheed Martin, Leonardo, Excelitas Technologies, Raytheon, Elbit Systems, Airbus, Thales Group, Bae Systems, Northrop Grumman.
The military electro optical and infrared systems market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Electro Optical and Infrared Systems Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Military Electro Optical and Infrared Systems Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Military Electro Optical and Infrared Systems Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Military Electro Optical and Infrared Systems Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Military Electro Optical and Infrared Systems Market Size & Forecast, 2018-2028 4.5.1 Military Electro Optical and Infrared Systems Market Size and Y-o-Y Growth 4.5.2 Military Electro Optical and Infrared Systems Market Absolute $ Opportunity
Chapter 5 Global Military Electro Optical and Infrared Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Military Electro Optical and Infrared Systems Market Size Forecast by Type
5.2.1 Targeting System
5.2.2 Electronic Support Measure
5.2.3 Imaging System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Electro Optical and Infrared Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Military Electro Optical and Infrared Systems Market Size Forecast by Applications
6.2.1 Air
6.2.2 Land
6.2.3 Naval
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Electro Optical and Infrared Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Military Electro Optical and Infrared Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Military Electro Optical and Infrared Systems Analysis and Forecast
9.1 Introduction
9.2 North America Military Electro Optical and Infrared Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Military Electro Optical and Infrared Systems Market Size Forecast by Type
9.6.1 Targeting System
9.6.2 Electronic Support Measure
9.6.3 Imaging System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Military Electro Optical and Infrared Systems Market Size Forecast by Applications
9.10.1 Air
9.10.2 Land
9.10.3 Naval
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Military Electro Optical and Infrared Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Military Electro Optical and Infrared Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Military Electro Optical and Infrared Systems Market Size Forecast by Type
10.6.1 Targeting System
10.6.2 Electronic Support Measure
10.6.3 Imaging System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Military Electro Optical and Infrared Systems Market Size Forecast by Applications
10.10.1 Air
10.10.2 Land
10.10.3 Naval
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Military Electro Optical and Infrared Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Electro Optical and Infrared Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Military Electro Optical and Infrared Systems Market Size Forecast by Type
11.6.1 Targeting System
11.6.2 Electronic Support Measure
11.6.3 Imaging System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Military Electro Optical and Infrared Systems Market Size Forecast by Applications
11.10.1 Air
11.10.2 Land
11.10.3 Naval
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Military Electro Optical and Infrared Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Electro Optical and Infrared Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Military Electro Optical and Infrared Systems Market Size Forecast by Type
12.6.1 Targeting System
12.6.2 Electronic Support Measure
12.6.3 Imaging System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Military Electro Optical and Infrared Systems Market Size Forecast by Applications
12.10.1 Air
12.10.2 Land
12.10.3 Naval
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Military Electro Optical and Infrared Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Electro Optical and Infrared Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Military Electro Optical and Infrared Systems Market Size Forecast by Type
13.6.1 Targeting System
13.6.2 Electronic Support Measure
13.6.3 Imaging System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Military Electro Optical and Infrared Systems Market Size Forecast by Applications
13.10.1 Air
13.10.2 Land
13.10.3 Naval
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Military Electro Optical and Infrared Systems Market: Competitive Dashboard
14.2 Global Military Electro Optical and Infrared Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Northrop Grumman
14.3.2 Lockheed Martin
14.3.3 Leonardo
14.3.4 Excelitas Technologies
14.3.5 Raytheon
14.3.6 Elbit Systems
14.3.7 Airbus
14.3.8 Thales Group
14.3.9 Bae Systems
14.3.10 Northrop Grumman