Market Overview:
The global electro optical system 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 electro optical systems from defense and aerospace applications, and the growing demand for homeland security applications. North America is expected to lead the global electro optical system market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
An electro-optical system (EOS) is an optical system that uses electrical signals to control the operation of optical devices. The importance of EOS technology is its ability to integrate optics and electronics into a single, compact package. This allows for the delivery of light energy with great precision and accuracy, making it ideal for use in medical, military, and scientific applications.
Infrared Type:
Infrared type is a technology used in electro-optical system. It's basically an infrared detector and it converts the incident light into electrical energy. This energy is then converted to digital form by photodiode array, which is further processed to get the image. Infrared detectors are also known as optical sensors or photo diodes and they are widely used in remote controls, television cameras, motion detection systems etc.
Laser Type:
The laser type is used to differentiate between different types of lasers. The most common types are the dye, carbon dioxide and argon-ion lasers. These dyes are used in barcode scanners as they can read text with high accuracy and at a short range. Carbon dioxide is mainly used in CO2 laser hair removal devices which operate on the principle of selective absorption by melanin present in hair follicles.
Application Insights:
The defense segment dominated the global electro optical system market in 2017. The defense application is projected to witness a CAGR of XX% from 2018 to 2030 owing to increasing military expenditure across various countries. Moreover, growing concerns regarding security and safety are boosting the demand for these systems among governments across the world. For instance, according to a study conducted by researchers at Cranfield University and National Defense University (NDU), it was found that civil-military integration has improved intelligence sharing between partners but also led them working more closely with their respective militaries which may increase threat awareness among citizens and troops respectively resulting in better preparedness for any emergency or crisis situation.
Regional Analysis:
North America accounted for the largest market share in 2017. The presence of major aerospace and defense manufacturers, coupled with increased spending on military operations by countries such as the U.S., China, and Russia is expected to drive the regional demand over the forecast period. Furthermore, rising COVID-19 positive cases in countries such as U.S.
Asia Pacific is projected to be one of fastest growing regions owing to increasing government initiatives pertaining toward enhancing security measures at airports across emerging economies including India and China among others are expected drive regional demand over next eight years or so).
Growth Factors:
- Increasing demand for Electro Optical System in the defense sector due to its high accuracy and precision.
- Growing demand for Electro Optical System in the medical sector due to its ability to provide high-resolution images.
- Increasing use of Electro Optical System in smart devices and automobiles owing to its superior performance characteristics.
- Rising research and development expenditure by leading players to develop innovative products that can cater to the growing needs of consumers.
- Technological advancements that are taking place in the field of optics and imaging, which is aiding the growth of Electro Optical System market
Scope Of The Report
Report Attributes
Report Details
Report Title
Electro Optical System Market Research Report
By Type
Infrared Type, Laser Type
By Application
Defense, Aerospace, Homeland Security
By Companies
Raytheon Co., L-3 Communications Holdings Inc, Lockheed Martin, Ii-Vi, Inc., BAE Systems Plc, Drs Technologies, Thales SA, FLIR Systems Inc., Elbit Systems, Northrop Grumman Corp., General Dynamics, Ultra Electronics Holdings Plc
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Electro Optical System Market Report Segments:
The global Electro Optical System market is segmented on the basis of:
Types
Infrared Type, Laser Type
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
Defense, Aerospace, Homeland Security
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:
- Raytheon Co.
- L-3 Communications Holdings Inc
- Lockheed Martin
- Ii-Vi, Inc.
- BAE Systems Plc
- Drs Technologies
- Thales SA
- FLIR Systems Inc.
- Elbit Systems
- Northrop Grumman Corp.
- General Dynamics
- Ultra Electronics Holdings Plc
Highlights of The Electro Optical System 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:
- Infrared Type
- Laser Type
- By Application:
- Defense
- Aerospace
- Homeland Security
- 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 Electro Optical System 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
An electro optical system (EOS) is a device that uses an electric field to manipulate light. This can be used to create images or spectrums, and can be used in various applications such as medical imaging, security scanning, and chemical analysis.
Some of the major companies in the electro optical system market are Raytheon Co., L-3 Communications Holdings Inc, Lockheed Martin, Ii-Vi, Inc., BAE Systems Plc, Drs Technologies, Thales SA, FLIR Systems Inc., Elbit Systems, Northrop Grumman Corp., General Dynamics, Ultra Electronics Holdings Plc.
The electro optical system market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electro Optical System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electro Optical System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electro Optical System Market - Supply Chain
4.5. Global Electro Optical System Market Forecast
4.5.1. Electro Optical System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electro Optical System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electro Optical System Market Absolute $ Opportunity
5. Global Electro Optical System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electro Optical System Market Size and Volume Forecast by Type
5.3.1. Infrared Type
5.3.2. Laser Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electro Optical System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electro Optical System Market Size and Volume Forecast by Application
6.3.1. Defense
6.3.2. Aerospace
6.3.3. Homeland Security
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electro Optical System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electro Optical System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electro Optical System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electro Optical System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electro Optical System Demand Share Forecast, 2019-2026
9. North America Electro Optical System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electro Optical System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electro Optical System Market Size and Volume Forecast by Application
9.4.1. Defense
9.4.2. Aerospace
9.4.3. Homeland Security
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electro Optical System Market Size and Volume Forecast by Type
9.7.1. Infrared Type
9.7.2. Laser Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electro Optical System Demand Share Forecast, 2019-2026
10. Latin America Electro Optical System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electro Optical System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electro Optical System Market Size and Volume Forecast by Application
10.4.1. Defense
10.4.2. Aerospace
10.4.3. Homeland Security
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electro Optical System Market Size and Volume Forecast by Type
10.7.1. Infrared Type
10.7.2. Laser Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electro Optical System Demand Share Forecast, 2019-2026
11. Europe Electro Optical System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electro Optical System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electro Optical System Market Size and Volume Forecast by Application
11.4.1. Defense
11.4.2. Aerospace
11.4.3. Homeland Security
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electro Optical System Market Size and Volume Forecast by Type
11.7.1. Infrared Type
11.7.2. Laser Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Groth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electro Optical System Demand Share, 2019-2026
12. Asia Pacific Electro Optical System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electro Optical System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electro Optical System Market Size and Volume Forecast by Application
12.4.1. Defense
12.4.2. Aerospace
12.4.3. Homeland Security
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electro Optical System Market Size and Volume Forecast by Type
12.7.1. Infrared Type
12.7.2. Laser Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electro Optical System Demand Share, 2019-2026
13. Middle East & Africa Electro Optical System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electro Optical System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electro Optical System Market Size and Volume Forecast by Application
13.4.1. Defense
13.4.2. Aerospace
13.4.3. Homeland Security
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electro Optical System Market Size and Volume Forecast by Type
13.7.1. Infrared Type
13.7.2. Laser Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electro Optical System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electro Optical System Market: Market Share Analysis
14.2. Electro Optical System Distributors and Customers
14.3. Electro Optical System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Raytheon Co.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. L-3 Communications Holdings Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lockheed Martin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ii-Vi, Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BAE Systems Plc
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Drs Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Thales SA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FLIR Systems Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Elbit Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Northrop Grumman Corp.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. General Dynamics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ultra Electronics Holdings Plc
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
