#Airborne Optronics Industry

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Understanding Market Dynamics in the Airborne Optronics Industry

Airborne Optronics involves the use of optical and photonic technologies in airborne systems, including surveillance, reconnaissance, targeting, and navigation. These systems are critical for both military and civilian applications, enhancing situational awareness, precision, and operational efficiency.

Advancements in Sensor Technology: There is a continuous evolution in sensor technology, leading to more sensitive, accurate, and compact optronic systems. Innovations in infrared, multispectral, and hyperspectral imaging are particularly noteworthy.

Miniaturization and Integration: The trend towards smaller, lighter, and more integrated optronic systems is significant. These systems are being designed to fit into smaller airframes, including UAVs (Unmanned Aerial Vehicles), while offering enhanced performance.

Enhanced Data Processing: The integration of AI and machine learning algorithms allows for real-time data processing and analysis, improving the decision-making capabilities of airborne platforms.

Dual-Use Technologies: The development of optronic systems that can be used for both military and civilian purposes is on the rise. These dual-use technologies are expanding market opportunities and applications.

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Increasing Defense Budgets: Rising defense expenditures globally drive the demand for advanced airborne optronics systems for surveillance, targeting, and reconnaissance missions.

Growing UAV Market: The expanding use of UAVs in both military and commercial sectors creates significant opportunities for the development and deployment of advanced optronics systems.

Border Security and Surveillance: The need for enhanced border security and surveillance capabilities presents opportunities for optronics solutions that offer superior imaging and detection capabilities.

Commercial Aviation and Environmental Monitoring: Opportunities exist in commercial aviation for navigation and safety enhancements, as well as in environmental monitoring for climate and pollution studies.

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Demand for High-Resolution Imaging: There is a strong demand for high-resolution imaging systems capable of operating in various spectral bands for detailed observation and analysis.

Technological Integration: The integration of optronic systems with other airborne technologies, such as radar and communication systems, enhances the overall capabilities of the platforms.

Regulatory and Compliance Challenges: Stringent regulations and compliance requirements for the deployment of airborne optronics systems, especially in civilian airspace, impact market dynamics.

Cost and Development Time: The high cost and long development time associated with advanced optronic systems can be barriers to market entry, particularly for smaller companies.

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Defense and Aerospace Collaborations: Partnerships between defense contractors and aerospace companies facilitate the development of advanced optronics systems tailored to specific mission requirements.

Industry-Academia Collaboration: Collaborations with universities and research institutions drive innovation and advancements in optical and photonic technologies.

International Partnerships: Cross-border collaborations and joint ventures enhance technological capabilities and market reach, fostering the development of cutting-edge optronics solutions.

OEM Partnerships: Original Equipment Manufacturers (OEMs) partner with optronics specialists to integrate advanced systems into new aircraft and UAV platforms.

Northrop Grumman: A leader in aerospace and defense, Northrop Grumman develops advanced airborne optronic systems for surveillance, targeting, and reconnaissance applications.

Thales Group: Thales offers a wide range of optronic solutions, including high-performance imaging systems and sensors for both military and civilian aircraft.

L3Harris Technologies: Known for its innovative approach, L3Harris provides cutting-edge optronic systems that enhance situational awareness and targeting accuracy.

FLIR Systems: Specializing in thermal imaging and infrared camera systems, FLIR Systems offers advanced optronic solutions for various airborne applications.

Elbit Systems: Elbit Systems develops and integrates sophisticated airborne optronic systems, focusing on enhancing operational capabilities for defense and security missions.

The global airborne optronics market is set for significant growth driven by technological advancements, increasing defense budgets, and expanding applications in both military and civilian sectors. Key industry players are leveraging innovation, strategic partnerships, and a focus on miniaturization and integration to address emerging opportunities and challenges. As the demand for high-resolution imaging, enhanced situational awareness, and precise targeting continues to grow, airborne optronics systems will play a critical role in shaping the future of aerial operations and surveillance.

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The Global Airborne Optronics Market size is projected to reach USD 2.5 Billion by 2025, from USD 1.4 Billion in 2020 growing at a CAGR of 12.7% during the forecast period. The Airborne Optronics Industry is driven by various factors, such as growing fleet of commercial and combat aircraft and increased deployment of electro-optics in unmanned vehicles.

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Airborne Optronics Market Research Analysis: 2028

Airborne Optronics Market, By End Use, System, Technology (Hyperspectral, Multispectral), Application (Commercial, Military, Space), Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Global Airborne Optronics market is anticipated to reach USD 1.7 billion in 2021 growing at a CAGR of 13.4% during the forecasting period, 2021-2028.

Optronics is the short form for optoelectronics. It a branch of physics that deals with the devices that help to develop electrical energy using the optical energy/ solar energy. Considering airborne optronics the recent devices include sensor, and system which can be used for both manned and unmanned aerial vehicle. They have the ability to provide both strategic and tactical advantage.

Due to an increase in application of Airborne optronics for unmanned aerial vehicle and the recent advancements in the sector are some of the factors that have supported long-term expansion for Airborne Optronics industry.

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Key Findings

Global Airborne Optronics market is segmented into End Use, System, Technology, Application, Aircraft Type and geography.

Technology segment is segmented into Hyperspectral, Multispectral

Application segment is segmented into Commercial, Military, and Space

Aircraft Type segment is segmented into Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles

Geographically, global Airborne Optronics market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

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Competitive Landscape

Key players in global Airborne Optronics market are Northrop Grumman Corporation (US), Thales SA (France), Safran (France), FLIR Systems, Inc. (US), and Elbit Systems Ltd. (Israel) among others.

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Gain authentic and granular data access for Airborne Optronics market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Europe Military Optronics Surveillance and Sighting Systems Market Size, and Scope 2021

The Europe Military Optronics Surveillance and Sighting Systems Market report is the most important research for who looks for all information about the market. The report covers all information about the regional markets, including historical and future trends for market dominance, size, trades, supply, competitors, and prices, as well as key vendor information across the region. Forecast market information, SWOT analysis, Europe Military Optronics Surveillance and Sighting Systems market scenario, and feasibility study are important aspects in this report.

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Top Companies in the Europe Military Optronics Surveillance and Sighting Systems Market include:

· HENSOLDT

· Israel Aerospace Industries

· L3Harris Technologies Inc.

· Lockheed Martin Corporation

· Rafael Advanced Defense Systems Ltd.

· Raytheon Company

· Safran S.A.

· Teledyne FLIR LLC

· Thales Group

· Ultra Electronics Holdings plc.

The major players in the Europe Military Optronics Surveillance and Sighting Systems industry is covered in this report by report, their market share, product portfolio, company profiles. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Europe Military Optronics Surveillance and Sighting Systems players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and useful guide to shaping your business growth.

Europe Military Optronics Surveillance and Sighting Systems Market Split by Product Type and Applications:

This report segments the Europe Military Optronics Surveillance and Sighting Systems market on the basis of Types is:

· Image Intensification

· Military Laser Systems

· Electro-Optics/Infrared

On the basis of Application, the Europe Military Optronics Surveillance and Sighting Systems Market is segmented into:

Ground

Airborne

Naval

Objectives of the Report:

· To carefully analyze and forecast the size of the Europe Military Optronics Surveillance and Sighting Systems market by value and volume.

· To estimate the market shares of major segments of the Europe Military Optronics Surveillance and Sighting Systems.

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· To analyze and study micro-markets in terms of their contributions to the Europe Military Optronics Surveillance and Sighting Systems market, their prospects, and individual growth trends.

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· To provide a meticulous assessment of crucial business strategies used by leading.

Finally, the report presents market information in the most comprehensive manner. The report structure has been maintained to provide maximum business value. It provides critical insight into market dynamics and enables strategic decision-making for established market participants and those willing to enter the market.

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[bfactmr]

The Global Demand of Airborne Optronics Market, Growth Analysis, Latest Trends and Forecast till 2031

A recent study by Fact.MR on the airborne optronics market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of airborne optronics.

The Market survey of Airborne Optronics offers a comprehensive analysis of diverse features, including production capacities analysis of Airborne Optronics, demand, product developments, revenue generation, and Size of Airborne Optronics Market across the globe.

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Key Market Segments Covered

By System

By Technology

By Application

By Aircraft Type

By End Use

By Region

Reconnaissance Airborne Optronics Systems

Targeting Airborne Optronics Systems

Search and Track Airborne Optronics Systems

Surveillance Airborne Optronics Systems

Warning/detection Airborne Optronics Systems

Countermeasure Airborne Optronics Systems

Navigation and Guidance Airborne Optronics Systems

Special Mission Airborne Optronics Systems

Multispectral Airborne Optronics Systems

Hyperspectral Airborne Optronics Systems

Commercial Airborne Optronics Systems

Military Airborne Optronics Systems

Space Airborne Optronics Systems

Fixed Wing

Rotary Wing

Urban Air Mobility

Unmanned Aerial Vehicles

OEMs

Aftermarket

North America

Europe

Latin America

South Asia

East Asia

Oceania

MEA

The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Airborne Optronics.

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

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We will provide you an analysis of the extent to which this Airborne Optronics market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.

We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.

Also, this report will help you to identify any trends to forecast growth rates.

The analyzed report will forecast the general tendency for supply and demand.

Some of the Airborne Optronics Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:

Details regarding latest innovations and development in Airborne Optronics and how it is gaining customer traction during the forecast period.

Analysis about the customer demand of the products and how it is likely to evolve in coming years.

Latest regulations enforced by government bodies and local agencies and their impact on Demand of Airborne Optronics Market .

Insights about adoption of new technologies and its influence on the Airborne Optronics market Size.

Overview of the impact of COVID-19 on Airborne Optronics Market and economic disruptions caused by the pandemic.

Evaluates post-pandemic impact on the Sales of Airborne Optronics Market during the forecast period.

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The data provided in the Airborne Optronics market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

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[reportsanddata2]

Airborne optronics market size research report, identifies new revenue opportunity in airborne optronics industry. The report aims at estimating the market size and future growth of the airborne optronics based on system, technology, aircraft type, application, end-use, & region

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[373 Pages] End Use, System, Technology categrizes the Global market by End Use, System, Technology (Hyperspectral, Multispectral), Application (Commercial, Military, Space), Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles) and Region. COVID-19 Impact on Airborne Optronics Industry.

[sandlerresearch]

Airborne Optronics Market by End Use, System, Technology (Hyperspectral, Multispectral), Application (Commercial, Military, Space), Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles) and Region - Forecast to 2025 published on

https://www.sandlerresearch.org/airborne-optronics-market-by-end-use-system-technology-hyperspectral-multispectral-application-commercial-military-space-aircraft-type-fixed-wing-rotary-wing-urban-air-mobility-unmanned.html

Airborne Optronics Market by End Use, System, Technology (Hyperspectral, Multispectral), Application (Commercial, Military, Space), Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles) and Region - Forecast to 2025

“Growing fleet of commercial and combat aircraft and increased deployment of electro-optics in unmanned vehicles are the major factors driving the Airborne Optronics Market.”

The global airborne optronics market size is projected to grow from USD 1.4 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 12.7% from 2020 to 2025. The market is driven by various factors, such as growing fleet of commercial and combat aircraft and increased deployment of electro-optics in unmanned vehicles.

The airborne optronics market includes major players Northrop Grumman Corporation (US), Thales SA (France), Safran (France), FLIR Systems, Inc. (US), and Elbit Systems Ltd. (Israel). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect airborne optronics production and services by 7–10% globally in 2020.

“Surveillance system: The largest segment of the airborne optronics market, by system. “

The surveillance system segment is expected to be the largest market by value. The growth of the surveillance system segment of the airborne optronics market can be attributed to the increasing usage of small UAVs in the military sector along with long-range and high-altitude UAVs to provide battlefield intelligence. Small UAVs help monitor enemy forces or specific areas and send video feedback to ground stations with the help of GPS. UAVs are used for ISR operations to record information of potential targets that are otherwise challenging to detect.

 “Multispectral: The fastest-growing segment of the airborne optronics market, by technology. “

Based on techology, the multispectral segment is projected to be the highest CAGR rate for the airborne optronics market during the forecast period. The growth of the multispectral segment of the airborne optronics market can be attributed to the low-cost multispectral imaging system  which is considered to be the best fit for unmanned autonomous aircraft.

“Commercial: The fastest-growing segment of the airborne optronics market, by application. “

Based on the application, the commercial segment is projected to be the highest CAGR rate for the airborne optronics market during the forecast period. This growth can be attributed to various commercial applications of airborne optronics. The use of drones is not limited to aerial imaging and surveying applications. UAVs are also integrated with artificial intelligence (AI) to carry out a range of commercial operations, including preventive maintenance, rapid emergency response, facility surveys, security, and land surveys. The demand for drone services in different verticals is also increasing, with the rise in the use of UAVs.

“Unmanned Aerial Vehicles: The fastest-growing segment of the airborne optronics market, by aircraft type. “

Based on aircraft type, the unmanned aerial vehicles  segment is projected to grow at the highest CAGR rate for the airborne optronics market during the forecast period. UAVs are commonly termed drones and are mostly known for their wide usage in various military missions such as border surveillance. They are also used for mapping, surveying, and determining weather conditions of a specific area. Certain remotely piloted UAVs are designed to operate as loitering munition for defense forces.These UAVs are equipped with high-resolution cameras and electro-optics and infrared systems that help them carry out surveillance activities and identify the location of a target. Once located, the UAV is guided towards the target to destroy it.

“OEM: The fastest-growing segment of the airborne optronics market, by end use. “

Based on the end use, the OEM segment is projected to grow at the highest CAGR rate for the airborne optronics market during the forecast period. OEMs are responsible for the installation of optronics in an aircraft during the assembly stage and are then made available for delivery to aircraft manufacturers and space agencies. Over the years, there has been a significant rise in the demand for different aircraft types across regions. According to Airbus, it delivered 863 commercial aircraft to 99 customers in 2019.

“North America: The largest contributing region in the airborne optronics market.”

North America is projected to be the largest regional share for the airborne optronics market during the forecast period. The key factor responsible for North America, leading the airborne optronics market owing to the rapid growth of the technologically advanced optronics in the region. In North America, the rise in aircraft orders and supplies is encouraging manufacturers of airborne optronics to increase their sales year on year. The increasing demand for commercial aircraft and the presence of some of the leading players operating in the market, such as Northrop Grumman Corporation (US), FLIR System (US), Lockheed Martin (US), L3Harris Technologies (US), and Collins Aerospace (US), are expected to drive the airborne optronics market in North America. These players are focusing on R&D to increase their product lines and using technologically advanced systems, subsystems, and other components for manufacturing airborne optronics.

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

By Company Type: Tier 1–39%; Tier 2–37%; and Tier 3–24%

By Designation: C Level–35%; Directors–27%; and Others–38%

By Region: North America–55%; Europe–27%; Asia Pacific–9%; and Rest of the World–9%

Northrop Grumman Corporation (US), Thales SA (France), Safran (France), FLIR Systems, Inc. (US), and Elbit Systems Ltd. (Israel) are some of the leading players operating in the airborne optronics market report.

Research Coverage

The study covers the airborne optronics market across various segments and sub segments. It aims at estimating the size and growth potential of this market across different segments based on system, technology, application, aircraft type, end use, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report

This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Airborne Optronics Market and its segments. This study is also expected to provide region wise information about the end use, and wherein airborne optronics are used. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.

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Military Electro Optical and Infrared Systems Market Business Overview, Revenue, Price and Gross Margin, Product Specifications, Forecast 2025

Electro optical and infrared systems are the most essential part of military operations. These systems includes a broad assortment of discrete technologies that are centered on mission requirements and target acquisitions. The electro optical and infrared systems are used in diverse military applications like land-based, airborne and naval. Some of the airborne electro optical and infrared systems are observation systems, optic sights, night vision systems and helmet mounted displays.

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Land-based electro optical and infrared systems comprises weapon mounted sights, night vision goggles, vehicle mounted optronics devices, laser rangefinders, thermal imagersand designators. Naval based electro optical and infrared system comprises infrared imaging and detectors, thermal imagery systems, surveillance and tracking systems and optronics mast systems. These systems helps in the combat zone with enhanced visibility, targeting and tracking of enemy locations.

Increasing territorial disputes between countries leads to the increasing focus on naval warfare thereby driving different naval agencies to update the target acquisition proficiency of their existing naval platforms with improved Electro Optical and Infrared systems combat systems and sensors.

The military electro optical and infrared systems market is mainly driven by progresses in sensor technology, that has given rise to the solidification of proficiencies of the multi-sensor electro optical targeting pods, including target laser range finders, compass thermo graphic sensors, low-light television cameras and laser spot detectors. With broad changes in terms of manufacturing of subcomponents and components in Electro Optical and Infrared systems, the global military Electro Optical and Infrared systems market is likely to witness considerable growth during the forecast period.

The rising preference for small unmanned aerial vehicles owing to their strategic benefits has driven technology providers to design contracted electro optical and infrared systems that are likely fixed with small unmanned aerial vehicles and are proficient of dissipating adequate heat without compromising on the performance of a contracted UAVs. Rising alarms about evolving cost-effective cooling technologies have amplified the opportunities for the cooled thermal imaging camera providers. It has also stimulated the propagation of Electro Optical and Infrared systems within the defense industry since the sensors used in thermal imaging cameras are likely to advance the surveillance capabilities and target detection of contracted UAVs.

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The U.S. is the leading market in North America owing to its huge expenditures on procurement and development of electro optical systems for different military platforms like armored vehicles, aircraft, naval vessels, UAV, helicopters and submarines. Most of the research and development for this technology is focused towards the expansion of lightweight, cost-effective and robust systems substantial for serious operations. Asia Pacific is the fastest growing region during the forecast period as China, India and Japan will increase the growth in the region during the forecast period.

Some of the major players in the Electro Optical and Infrared systems market includes BAE Systems, Elbit Systems, Lockheed Martin, Raytheon, Thales, CONTROP Precision Technologies, DRS Technologies, General Dynamics, Harris, Israel Aerospace Industries,L-3 Communications and Saab among others.

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Unmanned Ground Vehicles Market In-Depth Analysis during 2020-2028

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The global defense industry is poised to gain major traction in the forthcoming years, owing to several growth-inducing factors. Surging incidences of cross-border conflicts and warfare globally increasing, rising government focus on developing robust military & defense forces, and rapid adoption of advanced monitoring and controlling techniques are some of the major factors boosting the growth of this industry. Surging investments in the military & defense sector, rise in initiatives to improve surveillance, growing number of defense and intelligence agencies worldwide, and increasing use of advanced military aircraft such as target drones and UAVs (unmanned aerial vehicles) are other key parameters driving the defense industry growth.

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Key regions covered in the global Unmanned Ground Vehicles market report:

North America (the U.S. and Canada)

Latin America (Brazil, Mexico, Argentina, Rest of Latin America)

Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)

Japan

APEJ (Asia Pacific excluding Japan)

Middle East & Africa

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The global Unmanned Ground Vehicles market report further includes a broad segmentation of the market based on product type, application, end-use, and region.

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Military Electro Optical and Infrared Systems Market – Global Industry Analysis, Size, Growth, Trends, Forecast 2025

Electro optical and infrared systems are the most essential part of military operations. These systems includes a broad assortment of discrete technologies that are centered on mission requirements and target acquisitions. The electro optical and infrared systems are used in diverse military applications like land-based, airborne and naval. Some of the airborne electro optical and infrared systems are observation systems, optic sights, night vision systems and helmet mounted displays. Land-based electro optical and infrared systems comprises weapon mounted sights, night vision goggles, vehicle mounted optronics devices, laser rangefinders, thermal imagersand designators. Naval based electro optical and infrared system comprises infrared imaging and detectors, thermal imagery systems, surveillance and tracking systems and optronics mast systems. These systems helps in the combat zone with enhanced visibility, targeting and tracking of enemy locations.

Increasing territorial disputes between countries leads to the increasing focus on naval warfare thereby driving different naval agencies to update the target acquisition proficiency of their existing naval platforms with improved Electro Optical and Infrared systems combat systems and sensors.

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The military electro optical and infrared systems market is mainly driven by progresses in sensor technology, that has given rise to the solidification of proficiencies of the multi-sensor electro optical targeting pods, including target laser range finders, compass thermo graphic sensors, low-light television cameras and laser spot detectors. With broad changes in terms of manufacturing of subcomponents and components in Electro Optical and Infrared systems, the global military Electro Optical and Infrared systems market is likely to witness considerable growth during the forecast period.

The rising preference for small unmanned aerial vehicles owing to their strategic benefits has driven technology providers to design contracted electro optical and infrared systems that are likely fixed with small unmanned aerial vehicles and are proficient of dissipating adequate heat without compromising on the performance of a contracted UAVs. Rising alarms about evolving cost-effective cooling technologies have amplified the opportunities for the cooled thermal imaging camera providers. It has also stimulated the propagation of Electro Optical and Infrared systems within the defense industry since the sensors used in thermal imaging cameras are likely to advance the surveillance capabilities and target detection of contracted UAVs.

The global military electro optical and infrared systems market based on platform type is bifurcated into air, land and naval. On the basis of system type, the market is bifurcated into targeting system, imaging system and electronic support measures. Based on sensor technology type, the market is segregated into scanning sensor and staring sensor. On the basis of imaging technology, the market is bifurcated into hyper spectral and multi spectral.

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Some of the major players in the Electro Optical and Infrared systems market includes BAE Systems, Elbit Systems, Lockheed Martin, Raytheon, Thales, CONTROP Precision Technologies, DRS Technologies, General Dynamics, Harris, Israel Aerospace Industries,L-3 Communications and Saab among others.

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[373 Pages] End Use, System, Technology categrizes the Global market by End Use, System, Technology (Hyperspectral, Multispectral), Application (Commercial, Military, Space), Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles) and Region. COVID-19 Impact on Airborne Optronics Industry.

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Military Electro-Optics/Infrared (EO/IR) Systems Market is projected to reach $14.20 Billion by 2022

NY, USA, September-13, 2019 /Aerospace -- 

Market NEWS:

Military Electro-Optics/Infrared (EO/IR) Systems Market is projected to reach $14.20 Billion by 2022

The military electro-optics/infrared systems market is estimated to be USD 10.15 Billion in 2016 and is projected to reach USD 14.20 Billion by 2022, at a CAGR of 5.75% from 2016 to 2022. The objectives of this study are to analyze the military electro-optics/infrared (EO/IR) systems market, along with statistics from 2016 to 2022 as well as to define, describe, and forecast the military electro-optics/infrared (EO/IR) systems market on the basis of platform, system, technology, sensor technology, imaging technology, and region. 2015 is considered to be the base year, whereas, 2016 to 2022 is considered as the forecast period for this study.

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Military Electro-Optics/Infrared (EO/IR) Systems Market 

The military electro-optics/infrared (EO/IR) systems ecosystem comprises electro-optics equipment providers such as Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), BAE Systems Plc. (U.K.), The Raytheon Company (U.S.), and Thales Group (France), among others. Component manufacturers in this market include L-3 Communications Holdings, Inc. (U.S.), Saab AB (Sweden), Rockwell Collins, Inc. (U.S.), Rheinmetall AG (Germany), Textron Inc. (U.S.), and Israel Aerospace Industries (Israel), among others. These companies offer advanced technology systems and a broad range of management, engineering, technical, electro-optics, sensors, and information services.

Based on platform, the military electro-optics/infrared (EO/IR) systems market has been segmented into airborne, naval, and land. The airborne segment is projected to lead the military electro-optics/infrared (EO/IR) systems market during the forecast period. This growth can be attributed to their increasing use for UAV applications such as mapping, surveillance, reconnaissance, and search & rescue, among others, which require cameras as necessary payloads to collect data and transmit video information to the ground control station (GCS).

Based on system, the military electro-optics/infrared (EO/IR) systems market has been segmented into targeting system, electronic support measure, and imaging system. The imaging system segment is projected to grow at the highest CAGR during the forecast period. Multispectral sensors are broadly used in military applications for terrain classification, camouflage detection, change detection, among others. Many electro-optic/infrared (EO/IR) multi­spectral systems for intelligence, and surveillance and reconnaissance (ISR) applications are a combination of, at least, one thermal-band infrared sensor and one reflective-band electro-optic sensor.

Based on technology, the military electro-optics/infrared (EO/IR) systems market has been segmented into uncooled and cooled. The cooled segment is projected to grow at the highest CAGR during the forecast period.

The military electro-optics/infrared (EO/IR) systems market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Soldier modernization programs are a major driver for the military electro-optics/infrared (EO/IR) systems market in Asia-Pacific. Asia-Pacific is estimated to lead the military electro-optics/infrared (EO/IR) systems market. China, India, Japan, and Australia are the major countries that offer growth potential for EO/IR systems in the Asia-Pacific region. This market has huge growth potential given the increasing demand for updated and technologically advanced optronics systems. The growth of electro-optics/infrared (EO/IR) systems market is also driven by the rising demand for systems equipped with laser technology.

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