Military Electro-optics/Infrared (EO/IR) Systems Market - By Platform (Airborne, Naval, Ground-based), By Sensor Technology (Infrared, Laser, Imaging), By Product Type (Camera, Laser, Thermal Imaging), By Application & Forecast 2023 – 2032
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Aerospace | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMilitary Electro-optics/Infrared (EO/IR) Systems Market - By Platform (Airborne, Naval, Ground-based), By Sensor Technology (Infrared, Laser, Imaging), By Product Type (Camera, Laser, Thermal Imaging), By Application & Forecast 2023 – 2032
Military Electro-optics/Infrared (EO/IR) Systems Market Size
Military Electro-Optics/Infrared Systems Market size crossed USD 5 billion in 2022 and is projected to witness over 6% CAGR between 2023 and 2032. The market growth is attributed to the growing need for Intelligence, Surveillance, and Reconnaissance (ISR).
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Imagine a battlefield where every move is crucial. To succeed, military leaders need to know everything they can about their enemies, the terrain, and the overall situation. Enter surveillance, intelligence, and reconnaissance (ISR) capabilities, which act like the military's eyes and ears on the ground. ISR helps the military gather vital information about enemy positions, the landscape, and more. This intel is like a blueprint for commanders, guiding them on making the best decisions and assessing how well their strategies are working. One key part of ISR is electro-optical/infrared (EO/IR) sensors. These advanced gadgets provide real-time images and insights into the battlefield. They can spot potential threats in all conditions, even when it's dark or foggy. As warfare evolves, the need for ISR capabilities is skyrocketing. Militaries rely on EO/IR systems to identify and neutralize threats, even in complex scenarios like terrorism and insurgency. This growing demand is driving the rapid expansion of the ISR market.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Military Electro-optics/Infrared (EO/IR) Systems Market Size in 2022 | USD 5 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6% |
| 2032 Value Projection | USD 15 Billion |
| Historical Data for | 2018 - 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 341 |
| Segments covered | Platform, Sensor Technology, Product Type, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
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Integrating an EO/IR system with standalone solutions to the necessary level is difficult. The incorporation of an EO/IR system's gun systems, ISR system, and CS41 system demands large financial investments and power sources. Military command & radar systems, control systems, and communication networks must be integrated with EO/IR systems to assure compatibility and optimal performance. This integration may be difficult and may require extensive modification & testing, restraining military electro-optics/infrared systems market growth.
COVID-19 Impacts
Governments worldwide declared countrywide lockdowns during the COVID-19 epidemic, causing disruptions in various businesses. Defense equipment manufacturing operations were also disrupted. Many countries cut down their defense budgets due to weakened economies and increased attention toward healthcare spending, negatively impacting the military electro-optics/infrared systems market. The lockdown affected the availability of raw materials needed to manufacture military electro-optics/infrared equipment, and there was a shortage of labor required for military electro-optics infrared equipment production due to travel restrictions and social exclusion. Thus, the defense industry suffered a minor setback during the pandemic.
Military Electro-optics/Infrared (EO/IR) Systems Business Trends
The market for military electro-optics/infrared systems is booming and shows no signs of slowing down. Here's whyMilitary spending is on the rise.Countries around the world are investing heavily in modernizing their military forces. This is driving up demand for advanced surveillance and targeting systems. Tensions are high. Global conflicts and threats are creating a need for better ways to monitor and respond to potential threats. Unmanned vehicles are becoming increasingly popular.UAVs and UGVs (drones) need electro-optical/infrared sensors to "see" the world around them and perform their missions effectively. Miniaturization is making these systems more accessible. These systems are getting smaller and more portable, making them easier to use on a wider range of platforms, including handheld devices and UAVs.
Military Electro-optics/Infrared (EO/IR) Systems Market Analysis
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In the military market for electro-optics and infrared (EO/IR) systems, the navy segment held a quarter of the pie in 2022. And it's only going to get bigger, expected to grow by 6% every year until 2032. Why the surge? Border disputes and territorial wars have put our ships and seas at risk. So, countries are doubling down on keeping an eye on the waters, spotting threats, and IDing targets. Navies are all about beefing up their ships with fancy sensor systems. Because in today's battles, it's all about who can see further, find targets faster, and know what the other side's up to. To get that crystal-clear vision, navy ships need EO/IR sensors that can zoom in on targets from far away, no matter the time of day. That way, they can track ships, gauge threats, and decide if it's fire or not, all thanks to motion imagery and advanced tracking systems. And as we sail into the future, the need for even sharper and more dependable sensor systems is only going to grow. Because our navies need to know what's out there to keep our seas safe.
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The military world uses sensors to give soldiers an advantage in the field. These sensors help them see in the dark using infrared technology. This lets them find enemy targets even when it's hard to see. The market for these infrared systems is expected to grow by about 5% each year until 2032. One reason for this is the growing use of drones in military operations. Drones use infrared sensors to locate targets and gather information. As drones become more popular in defense and military operations, the demand for infrared sensor technology is also likely to increase.
Based on application, the military electro-optics/infrared systems market is segmented into Intelligence, Surveillance, and Reconnaissance (ISR), targeting, situational awareness, navigation, and others. The ISR segment was valued at USD 2,000 million in 2022 and is to see noteworthy growth in coming years. EO/IR systems use a combination of visible light and IR technology to identify, track, and detect targets day and night, at long ranges, and in harsh weather conditions. The increasing demand for situational awareness in modern military operations is fostering market growth.
EO/IR systems are critical to military forces as they provide accurate and timely intelligence on enemy movements & activities. They allow military personnel to see what is happening on the ground and in the air from a safe distance. Another factor contributing to the rising demand for EO/IR systems is the increasing use of unmanned aerial vehicles for military purposes. EO/IR sensors are a critical component of many UAVs, providing a high-resolution imaging capability for ISR missions. These factors along with the ability of EO/IR systems to perform efficiently will augment market growth.
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North America military Electro-optics/Infrared systems market is predicted to observe 6% CAGR from 2022 to 2032. North America holds the largest share as the U.S. armed services have a significant demand for EO/IR equipment. The country is extending its expenditure on weapon systems to counter enemies on the battlefield. The increasing involvement of the U.S. Armed Forces in many international conflicts heavily influenced the growing purchase of ISR equipment that improves the military's situational awareness.
Military Electro-optics/Infrared (EO/IR) Systems Market Share
Major companies operating in the military Electro-optics/Infrared systems market include
- BAE Systems plc
- CONTROP Precision Technologies Ltd
- Elbit Systems Ltd
- Excelitas Technologies Corp
- Israel Aerospace Industries
- L3Harris Technologies, Inc
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB, Safran SA
- Teledyne FLIR LLC
- Thales Group
- Ultra Electronics Holdings plc.
Military Electro-optics/Infrared Systems Industry News
- In February 2023, Northrop Grumman Company received the initial manufacturing & operations contract for the Next Generation Handheld Targeting System (NGHTS) from the U.S. Marine Corps. NGHTS is a mobile targeting system that provides highly accurate targeting and can work without GPS.
- In October 2022, L3Harris Technologies Inc. presented its WESCAM MX-25D, which serves as an imaging asset for the heavy ground-attack aircraft as part of the U.S. Air Force Special Operations Command's AC-130J Ghostrider modernization program. It is equipped with electro-optical/infrared capabilities for ISR applications.
This military Electro-optics/Infrared (EO/IR) systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
By Platform
Airborne
- Naval
- Ground-based
By Sensor Technology
- Infrared
- Laser
- Imaging
By Product Type
- Camera
- Laser
- Thermal imaging
- Others
By Application
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Targeting
- Situational awareness
- Navigation
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Russia
- Turkey
- Poland
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- Qatar
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Content
Military Electro-optics/Infrared (EO/IR) Systems Market Size
Military Electro-Optics/Infrared Systems Market size crossed USD 5 billion in 2022 and is projected to witness over 6% CAGR between 2023 and 2032. The market growth is attributed to the growing need for Intelligence, Surveillance, and Reconnaissance (ISR).
To get key market trends
Download Free Sample
Imagine you're a military general in the midst of battle. You need to know everything you can about your opponent, the terrain, and all the other factors that can influence your decisions. That's where surveillance, intelligence, and reconnaissance (ISR) capabilities come in. They're like your eyes and ears on the battlefield, giving you the information you need to make smart moves. One super important part of ISR is EO/IR sensors. They're like high-tech cameras that can see in both visible light and infrared light. This means they can spot threats day or night, rain or shine. They're like having a secret weapon that gives you an edge over your enemy. As warfare gets more and more complex, ISR capabilities are becoming even more critical. Militaries around the world are using them to identify and neutralize threats, protect their troops, and counter challenges like terrorism and guerrilla warfare. That's why the market for EO/IR systems is getting bigger and bigger. They're helping militaries stay ahead of the game and keep our world safe.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Military Electro-optics/Infrared (EO/IR) Systems Market Size in 2022 | USD 5 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6% |
| 2032 Value Projection | USD 15 Billion |
| Historical Data for | 2018 - 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 341 |
| Segments covered | Platform, Sensor Technology, Product Type, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Download Free Sample
Integrating an EO/IR system with standalone solutions to the necessary level is difficult. The incorporation of an EO/IR system's gun systems, ISR system, and CS41 system demands large financial investments and power sources. Military command & radar systems, control systems, and communication networks must be integrated with EO/IR systems to assure compatibility and optimal performance. This integration may be difficult and may require extensive modification & testing, restraining military electro-optics/infrared systems market growth.
COVID-19 Impacts
Governments worldwide declared countrywide lockdowns during the COVID-19 epidemic, causing disruptions in various businesses. Defense equipment manufacturing operations were also disrupted. Many countries cut down their defense budgets due to weakened economies and increased attention toward healthcare spending, negatively impacting the military electro-optics/infrared systems market. The lockdown affected the availability of raw materials needed to manufacture military electro-optics/infrared equipment, and there was a shortage of labor required for military electro-optics infrared equipment production due to travel restrictions and social exclusion. Thus, the defense industry suffered a minor setback during the pandemic.
Military Electro-optics/Infrared (EO/IR) Systems Business Trends
Imagine a tech market that's been on a rocket-like trajectory lately, and it's not slowing down anytime soon. Why? It's all thanks to the buzz around military tech. Governments are ramping up their defense game with new and improved weapons, and electro-optics/infrared (EO/IR) systems are the hot new toy. These systems can spot targets and watch movements like a hawk, making them essential for keeping watch over the world. The newest craze in EO/IR tech? Tiny, powerful sensors that can be squeezed into small drones and robots. These sensors give these machines eyes in the sky and on the ground, making them super-effective at sniffing out potential threats. Oh, and one more thingthese EO/IR systems are getting smaller and smaller, so they can be built into tiny handheld gadgets and even unmanned systems. It's like having a high-tech spy kit right in your palm!
Military Electro-optics/Infrared (EO/IR) Systems Market Analysis
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In the world of military technology, the naval segment made up a quarter of the market for electro-optics/infrared systems in 2022. And this number is expected to keep climbing over the next 10 years, reaching 6% growth by 2032. Why the surge in naval electro-optics? It's all about the rising tensions on the world's waterways. Disputes over borders and territory have put military maritime forces on high alert, leading them to invest heavily in surveillance, threat detection, and target identification systems. Modern warfare demands that navies have ships equipped with advanced sensors to pinpoint targets, assess threats, and react quickly. These systems use electro-optics/infrared sensors to capture high-quality images under any lighting conditions and from long ranges. They also have line-of-sight capabilities and can track targets automatically. As the need for more precise and reliable sensor systems grows, the demand for maritime patrol and naval surveillance will keep growing as well.
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Imagine a world where soldiers can see in the dark like ninjas. That's thanks to electro-optics/infrared (EO/IR) systems. These high-tech gadgets use special sensors to help military forces spot targets even in pitch-black conditions. But not all EO/IR systems are created equal. There are infrared, laser, and imaging systems, each with its own superpowers. Infrared (IR) ones are the rock stars of the bunch. They're like super-sensitive spy glasses that can detect heat from miles away, making it easy to find bad guys hiding in the shadows. And guess what? The IR market is booming! It's predicted to grow by nearly 5% every year until 2032. That's because IR sensors are essential for military operations like spying, keeping an eye on enemy movements, and hunting down targets. One cool thing driving this growth is the rise of drones. These unmanned aerial vehicles rely on IR sensors to navigate in the dark and gather intel. So, as the demand for drones soars, the demand for IR sensors will follow suit.
Based on application, the military electro-optics/infrared systems market is segmented into Intelligence, Surveillance, and Reconnaissance (ISR), targeting, situational awareness, navigation, and others. The ISR segment was valued at USD 2,000 million in 2022 and is to see noteworthy growth in coming years. EO/IR systems use a combination of visible light and IR technology to identify, track, and detect targets day and night, at long ranges, and in harsh weather conditions. The increasing demand for situational awareness in modern military operations is fostering market growth.
EO/IR systems are critical to military forces as they provide accurate and timely intelligence on enemy movements & activities. They allow military personnel to see what is happening on the ground and in the air from a safe distance. Another factor contributing to the rising demand for EO/IR systems is the increasing use of unmanned aerial vehicles for military purposes. EO/IR sensors are a critical component of many UAVs, providing a high-resolution imaging capability for ISR missions. These factors along with the ability of EO/IR systems to perform efficiently will augment market growth.
Looking for region specific data?
Download Free Sample
North America military Electro-optics/Infrared systems market is predicted to observe 6% CAGR from 2022 to 2032. North America holds the largest share as the U.S. armed services have a significant demand for EO/IR equipment. The country is extending its expenditure on weapon systems to counter enemies on the battlefield. The increasing involvement of the U.S. Armed Forces in many international conflicts heavily influenced the growing purchase of ISR equipment that improves the military's situational awareness.
Military Electro-optics/Infrared (EO/IR) Systems Market Share
Major companies operating in the military Electro-optics/Infrared systems market include
- BAE Systems plc
- CONTROP Precision Technologies Ltd
- Elbit Systems Ltd
- Excelitas Technologies Corp
- Israel Aerospace Industries
- L3Harris Technologies, Inc
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB, Safran SA
- Teledyne FLIR LLC
- Thales Group
- Ultra Electronics Holdings plc.
Military Electro-optics/Infrared Systems Industry News
- In February 2023, Northrop Grumman Company received the initial manufacturing & operations contract for the Next Generation Handheld Targeting System (NGHTS) from the U.S. Marine Corps. NGHTS is a mobile targeting system that provides highly accurate targeting and can work without GPS.
- In October 2022, L3Harris Technologies Inc. presented its WESCAM MX-25D, which serves as an imaging asset for the heavy ground-attack aircraft as part of the U.S. Air Force Special Operations Command's AC-130J Ghostrider modernization program. It is equipped with electro-optical/infrared capabilities for ISR applications.
This military Electro-optics/Infrared (EO/IR) systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
By Platform
- Airborne
- Naval
- Ground-based
By Sensor Technology
- Infrared
- Laser
- Imaging
By Product Type
- Camera
- Laser
- Thermal imaging
- Others
By Application
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Targeting
- Situational awareness
- Navigation
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Russia
- Turkey
- Poland
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- Qatar
- UAE
- Saudi Arabia
- Israel
- South Africa
- BAE Systems plc
- CONTROP Precision Technologies Ltd
- Elbit Systems Ltd
- Excelitas Technologies Corp
- Israel Aerospace Industries
- L3Harris Technologies, Inc
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB, Safran SA
- Teledyne FLIR LLC
- Thales Group
- Ultra Electronics Holdings plc.
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