Most Growing Regions with the Presence of Major Players
The US is the leading market in North America, owing to its huge expenditures on obtaining and developing of electro-optical systems for different military platforms, like naval vessels, submarines, armored vehicles, aircraft, UAV, and helicopters. Most R&D for this technology is focused toward the expansion of lightweight, cost-effective, and robust systems. The market share is expected to be captured by the Asia-Pacific region. Japan, China, and India are expected to lead the growth in the region during the forecast period. Due to the increase in military spending worldwide, armed forces are acquiring variable devices such as infrared and optical systems and developing new technologies within this field.
The market has been segmented by type (image intensification, infrared, and laser), by system (imaging and non-imaging), by platform (airborne, land, and sea), and by geography (North America, South America, Europe, the Middle East & Africa, and Asia-Pacific).
Key Industry Players:
ROCKWELL COLLINS, HARRIS CORPORATION, THALES, LOCKHEED MARTIN, RAYTHEON COMPANY, amongst others.
Recently, Lockheed Martin,(Canada), L3 Technologies, BAE Systems, CAE, MDA, and Ultra Electronics are partnering as Canada's Combat Ship Team for the Royal Canadian Navy's future fleet of surface combatants. Canada's Combat Ship Team is offering one of the most advanced and latest warship designs, the Type 26 Global Combat Ship (GCS), along with high-tech platform innovations from prominent Canadian companies. This ship consists of torpedo handling systems, electro-optic and infrared sensors, integrated communications, and integrated platform management system.
January 2018: The University of Finland developed a new optical solution for military, security and inspection uses.
Reasons to Purchase the Report:
- To study the current and future market in the developed and emerging regions.
- Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
- Identify the regions that are expected to witness the fastest growth during the forecast period.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
This report can be customized to meet your requirements.
1.1 Scope of Study
1.2 Market Definition
1.3 Executive Summary
2. Research Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. Market Insights
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Industry Attractiveness - Porter's Five Forces Analysis
3.3.1 Threat of New Entrants
3.3.2 Threat of Substitute Products/Services
3.3.3 Bargaining Power of Suppliers
3.3.4 Bargaining Power of Buyers
3.3.5 Intensity of Competitive Rivalry
4. Market Dynamics
4.1.1 Major Expenditures by the US in developing Electro-Optical Systems
4.2.1 Expensive R&D for new technology
4.3.1 High growth in Asia-Pacific
5. Global Military Electro Optical and Infrared Systems Market, by Type
5.1 Image Intensification
6. Global Military Electro Optical and Infrared Systems Market, by System
6.2 Non Imaging
7. Global Military Electro Optical and Infrared Systems Market, by Platform
8. Global Military Electro Optical Market, by Geography
8.1 North America
8.3.5 South Korea
8.4 Middle East & Africa
8.4.2 Saudi Arabia
8.4.3 South Africa
8.5 South America
9. Competitive Landscape
9.2 Market Share Analysis
10. Company Profile
10.1 Lockheed Martin
10.3 L3 Communication Holdings
10.4 Northrop Grumman
10.5 BAE Systems PLC
10.6 DRS Technologies
10.8 United Technologies Corporation
10.11 Rockwell Collins
10.12 Elbit Systems
11. Future of the Market