Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
According to the latest research, the global Military Electro Optical Infrared market size was valued at USD 13055.72 million in 2022 and is expected to expand at a CAGR of 4.22% during the forecast period, reaching USD 16733.68 million by 2028.
The unique capabilities of electro-optical imagery, infrared Imaging System, night vision systems and laser and range finding tools has meant that EO/IR systems are now vital components to both lead and support a diverse range of military operations.
The growth of the military electro optical infrared market is largely driven by downstream developments. Long product life cycle is a major constraint on the development of military EO / IR systems. EO / IR systems have a life cycle of 15-20 years, before they are upgraded. Therefore, the market's technology is very easy to stand still for a long time. The military EO / IR system market is also heavily reliant on new aircraft routes, as well as new armored vehicles, vessels and submarines. With the fast growing market of military aircraft market, such as F35 series, will promote the consumption of EO / IR systems around the world for the next few years.
Driving Factors
Rapidly changing requirements of military forces for traditional and emerging war techniques, the heightened need for Intelligence, Surveillance and Reconnaissance (ISR) activities and modernization
initiatives being undertaken by defense ministries across the world are boosting the demand for military EO/IR systems globally.
Market Restraints
Technology concentrated Lack of talent
Opportunities
Government policy support
Military security development areas
Region Overview:
North America was the largest revenue market with a market share of 66.35% in 2012 and 64.24%
in 2017 with a decrease of 2.11%, Europe ranked the second market with the market share of 22.67%
in 2016.
Company Overview:
The top three companies are Lockheed Martin Corporation, Thales Group, Raytheon Company, with the revenue market share of 17.68%, 10.92%, and 7.10%, in 2016.
Segmentation Overview:
Targeting System
An Electro-Optical Targeting System (EOTS), is a system employed to track and locate targets in aerial warfare. It can employ Charge-coupled device TV camera, Laser rangefinder and Laser designator.
Imaging System
EO/IR imaging system is designed for small tactical UAVs, light manned Intelligence, Surveillance and Reconnaissance (ISR) aircraft, and tactical aerostats requiring high-performing imaging solutions.
Application Overview:
Airborne
The widest range of applications, especially in the area of reconnaissance and data acquisition, High-end products and services, such as the F-35 fighter equipped system, and FLIR's Star SAFIRE 380-HD system
Ground
Used in armored vehicles, tanks and other ground defense systems. Electro-optical systems can be incorporated into unmanned vehicles to provide a wide range of functions, including target acquisition, rangefinding, imaging and surveillance.
Naval
Motion imagery from EO/IR sensors that provide day-night, long-range eyes on target, which improves the user's ability to identify targets, perform threat assessment, assess intent in accordance with the rules of engagement, and support weapons engagement through automatic tracking and fire control solutions through line-of-sight. The sensors also support assessment of engagement effectiveness. One of the fast-growing downstream markets.
This report elaborates on the market size, market characteristics, and market growth of the Military Electro Optical Infrared industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Military Electro Optical Infrared. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Military Electro Optical Infrared Market Report Include:
Market Size Estimates: Military Electro Optical Infrared market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Military Electro Optical Infrared market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Military Electro Optical Infrared market
Segment Market Analysis: Military Electro Optical Infrared market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Military Electro Optical Infrared market situations and prospects in major and top regions and countries
Military Electro Optical Infrared Market
Military Electro Optical Infrared Industry Chain: Military Electro Optical Infrared market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Military Electro Optical Infrared Industry News, Policies by regions
Military Electro Optical Infrared Industry Porters Five Forces Analysis
Key players in the global Military Electro Optical Infrared market are covered in Chapter 2:
Raytheon Company
Elbit Systems Ltd
DRS Technologies
Safran
Lockheed Martin Corporation
Northrop Grumman Corporation
Thales Group
FLIR Systems Inc
UTC Aerospace
Corning
BAE Systems plc
L-3 Communications Corporation
In Chapter 6 and Chapter 9, on the basis of types, the Military Electro Optical Infrared market from 2018 to 2028 is primarily split into:
Targeting System
Imaging System
Other
In Chapter 7 and Chapter 10, on the basis of applications, the Military Electro Optical Infrared market from 2018 to 2028 covers:
Airborne
Ground
Naval
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Military Electro Optical Infrared market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Military Electro Optical Infrared industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Military Electro Optical Infrared market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Military Electro Optical Infrared industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Military Electro Optical Infrared market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Military Electro Optical Infrared market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Military Electro Optical Infrared market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
The unique capabilities of electro-optical imagery, infrared Imaging System, night vision systems and laser and range finding tools has meant that EO/IR systems are now vital components to both lead and support a diverse range of military operations.
The growth of the military electro optical infrared market is largely driven by downstream developments. Long product life cycle is a major constraint on the development of military EO / IR systems. EO / IR systems have a life cycle of 15-20 years, before they are upgraded. Therefore, the market's technology is very easy to stand still for a long time. The military EO / IR system market is also heavily reliant on new aircraft routes, as well as new armored vehicles, vessels and submarines. With the fast growing market of military aircraft market, such as F35 series, will promote the consumption of EO / IR systems around the world for the next few years.
Driving Factors
Rapidly changing requirements of military forces for traditional and emerging war techniques, the heightened need for Intelligence, Surveillance and Reconnaissance (ISR) activities and modernization
initiatives being undertaken by defense ministries across the world are boosting the demand for military EO/IR systems globally.
Market Restraints
Technology concentrated Lack of talent
Opportunities
Government policy support
Military security development areas
Region Overview:
North America was the largest revenue market with a market share of 66.35% in 2012 and 64.24%
in 2017 with a decrease of 2.11%, Europe ranked the second market with the market share of 22.67%
in 2016.
Company Overview:
The top three companies are Lockheed Martin Corporation, Thales Group, Raytheon Company, with the revenue market share of 17.68%, 10.92%, and 7.10%, in 2016.
Segmentation Overview:
Targeting System
An Electro-Optical Targeting System (EOTS), is a system employed to track and locate targets in aerial warfare. It can employ Charge-coupled device TV camera, Laser rangefinder and Laser designator.
Imaging System
EO/IR imaging system is designed for small tactical UAVs, light manned Intelligence, Surveillance and Reconnaissance (ISR) aircraft, and tactical aerostats requiring high-performing imaging solutions.
Application Overview:
Airborne
The widest range of applications, especially in the area of reconnaissance and data acquisition, High-end products and services, such as the F-35 fighter equipped system, and FLIR's Star SAFIRE 380-HD system
Ground
Used in armored vehicles, tanks and other ground defense systems. Electro-optical systems can be incorporated into unmanned vehicles to provide a wide range of functions, including target acquisition, rangefinding, imaging and surveillance.
Naval
Motion imagery from EO/IR sensors that provide day-night, long-range eyes on target, which improves the user's ability to identify targets, perform threat assessment, assess intent in accordance with the rules of engagement, and support weapons engagement through automatic tracking and fire control solutions through line-of-sight. The sensors also support assessment of engagement effectiveness. One of the fast-growing downstream markets.
This report elaborates on the market size, market characteristics, and market growth of the Military Electro Optical Infrared industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Military Electro Optical Infrared. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Military Electro Optical Infrared Market Report Include:
Market Size Estimates: Military Electro Optical Infrared market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Military Electro Optical Infrared market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Military Electro Optical Infrared market
Segment Market Analysis: Military Electro Optical Infrared market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Military Electro Optical Infrared market situations and prospects in major and top regions and countries
Military Electro Optical Infrared Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Military Electro Optical Infrared Industry Chain: Military Electro Optical Infrared market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Military Electro Optical Infrared Industry News, Policies by regions
Military Electro Optical Infrared Industry Porters Five Forces Analysis
Key players in the global Military Electro Optical Infrared market are covered in Chapter 2:
Raytheon Company
Elbit Systems Ltd
DRS Technologies
Safran
Lockheed Martin Corporation
Northrop Grumman Corporation
Thales Group
FLIR Systems Inc
UTC Aerospace
Corning
BAE Systems plc
L-3 Communications Corporation
In Chapter 6 and Chapter 9, on the basis of types, the Military Electro Optical Infrared market from 2018 to 2028 is primarily split into:
Targeting System
Imaging System
Other
In Chapter 7 and Chapter 10, on the basis of applications, the Military Electro Optical Infrared market from 2018 to 2028 covers:
Airborne
Ground
Naval
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Military Electro Optical Infrared market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Military Electro Optical Infrared industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Military Electro Optical Infrared market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Military Electro Optical Infrared industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Military Electro Optical Infrared market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Military Electro Optical Infrared market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Military Electro Optical Infrared market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
