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Military Electro-Optics/Infrared Systems - Global Market Trajectory & Analytics

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    Report

  • 537 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805452

Global Military Electro-Optics/Infrared Systems Market to Reach $17.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Military Electro-Optics/Infrared Systems estimated at US$11.9 Billion in the year 2020, is projected to reach a revised size of US$17.2 Billion by 2027, growing at a CAGR of 5.4% over the period 2020-2027. Air, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$11.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Land segment is readjusted to a revised 4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 6.9% CAGR

The Military Electro-Optics/Infrared Systems market in the U.S. is estimated at US$5.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2027 trailing a CAGR of 6.9% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Naval Segment to Record 6.7% CAGR

In the global Naval segment, USA, Canada, Japan, China and Europe will drive the 6.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 82 Featured)

  • BAE Systems plc
  • Bharat Electronics Limited
  • Elbit Systems Ltd.
  • Excelitas Technologies Corp.
  • Israel Aerospace Industries
  • L3Harris Technologies, Inc.
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Rheinmetall AG
  • Saab AB
  • Safran SA
  • Teledyne FLIR LLC
  • Thales Group
  • Ultra Electronics Holdings plc

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Military Electro-Optics/Infrared Systems

What is the estimated value of the Global Market for Military Electro-Optics/Infrared Systems?

The Global Market for Military Electro-Optics/Infrared Systems was estimated to be valued at $11.9 Billion in 2020.

What is the growth rate of the Global Market for Military Electro-Optics/Infrared Systems?

The growth rate of the Global Market for Military Electro-Optics/Infrared Systems is 5.4%, with an estimated value of $17.2 Billion by 2027.

What is the forecasted size of the Global Market for Military Electro-Optics/Infrared Systems?

The Global Market for Military Electro-Optics/Infrared Systems is estimated to be worth $17.2 Billion by 2027.

Who are the key companies in the Global Market for Military Electro-Optics/Infrared Systems?

Key companies in the Global Market for Military Electro-Optics/Infrared Systems include BAE Systems plc, Bharat Electronics Limited, Elbit Systems Ltd., Excelitas Technologies Corp., Israel Aerospace Industries, L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation and Raytheon Technologies Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Economic Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Impact on Military Electro-Optics/Infrared Systems Market
  • An Introduction to Military Electro-Optics/Infrared Systems
  • Evolving Defense Needs Enhance Importance of Military Electro Optical and Infrared Systems
  • Airborne Segment Leads Military EO/IR Systems Market, Sea-Based Systems to Record High Gains
  • Developing Regions to Spearhead Future Growth
  • Competition
  • Recent Market Activity
  • Military Electro-Optics/Infrared Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Defense Spending Levels Influence Growth in EO Systems Market
  • Defense Spending Trends Set Demand Dynamics for Military Electro Optics and Infrared Systems: Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2020
  • Leading Countries Ranked by Defense Budgets in US$ Billion for 2020
  • Rise in Territorial Conflicts and Border Disputes Necessitate Better Surveillance & Target Identification
  • Number of Terrorist Attacks Worldwide for the Period 2011-2019
  • Terrorism-Related Deaths by Country for the Years 2018 and 2019
  • Countries with Highest Increase in Deaths due to Terrorism: 2019 vs 2018
  • Soldier Modernization Initiatives Augur Well for the Market
  • Soldier Modernization Initiatives Fuel Demand for Advanced EO-IR Systems: Global Soldier Modernization Market Size (in US$ Billion) for 2018, 2021, 2024 & 2027
  • Age of Connected Battlefield & Network Centric Warfare Strategies Make C4ISR the Backbone of Modern Military Operations
  • Improving Target Identification, Threat Assessment and Monitoring: Essential Capabilities of EO Systems
  • Advancements in Defense Electronics and Miniaturization of Military Electronics Support Market Growth
  • Growing Use of Sensor-Based Systems in Military Applications Augurs Well for the Market
  • Market Primed to Benefit from the Rising Adoption of High Capability UAVs
  • Increasing Use of Drones in the Battlefield Pushes Up Demand for EO/IR Systems: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
  • Growing Role of Unmanned Aircraft Systems for ISR Operations Drives Demand for EO/IR Systems
  • With Unmanned Aircrafts Posing Threat of Terrorism and Smuggling, EO/IR-based Counter-Drone Systems Grow in Prominence
  • Indian Government Seeks Anti-Drone System Amidst Heightened Threat from Rogue Drones
  • Small Sized EO/IR Sensors in Drones for ISR Missions
  • Rising Need for EO/IR Systems for Unmanned Vehicles in Surveillance Applications
  • Need for Better Sighting Devices Drive Growth in Military Night Vision Devices Market
  • Global Night Vision Devices Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
  • Increasing Proliferation of Military Aerostat Systems Augurs Well for the Market
  • Global Aerostat Systems Market Size ($ Billion) for the Years 2018, 2021 and 2024
  • Focus on Development of EO/IR Systems to Coordinate with Traditional Military Systems
  • Sustained Demand for Infrared Imaging Technology in Military Applications
  • Imaging Infrared Technology Finds Favor in IR Missile Guidance
  • Thermal Cameras: An Important System for Securing Borders
  • Infrared and Thermal Cameras Find Use in ISR Operations
  • Thermal Imagers for Remote Temperature Measurement
  • Integration of EO Systems into Laser and Thermal Imaging Systems for More Effective Surveillance
  • Global Military Laser Systems Market Breakdown of Revenues (in %) by Application: 2020E
  • A Glance at Select EO Devices Integrated with Laser and Thermal Imaging Systems
  • Advanced LWIR Technology to Power Near-Room Temperature Thermal Imaging
  • LWIR Imagers with Superior Dynamic Range
  • Ballistic Missile Defense Undergoes Seismic Changes with Electro-Optical Sensors
  • Detection Using IR and Electro-Optical Sensors
  • Effective Command & Control using Advanced Sensors
  • Networked Sensing Systems Hold Significance for Urban Target Recognition
  • EO/IR Systems and Motion Control Systems in Harsh Environments
  • Robust Growth of Early Warning Systems to Present Market Opportunities
  • Factors Influencing Future Developments & Multi-Spectral Targeting
  • Technological Advances to Bolster Market Growth
  • New and Advanced EO Materials
  • Ultra-rapid EO Modulator for Converting THz Signals into Optical Signals
  • US Companies Offer Support to US Air Force for EO/RF-Related Technology Development
  • Innovative EO/IR Systems from L3Harris
  • Quantum Sensors for Military Systems
  • EO System-Based Coast Guard Technology for Turkey
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Air by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Air by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Air by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Land by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Land by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Land by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Naval by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Naval by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Naval by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Electronic Support Measure (ESM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Electronic Support Measure (ESM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Electronic Support Measure (ESM) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Imaging System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Imaging System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Imaging System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Targeting System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Targeting System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Targeting System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Uncooled by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Uncooled by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Uncooled by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Cooled by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Cooled by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Cooled by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Multispectral by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Multispectral by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 27: World 15-Year Perspective for Multispectral by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Hyperspectral by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Hyperspectral by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 30: World 15-Year Perspective for Hyperspectral by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 31: World Recent Past, Current & Future Analysis for Military Electro-Optics/Infrared Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 32: World Historic Review for Military Electro-Optics/Infrared Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 33: World 15-Year Perspective for Military Electro-Optics/Infrared Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Military Electro-Optics/Infrared Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Improved EO Systems for the US Defense Industry
CANADA
JAPAN
  • Military Electro-Optics/Infrared Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Military Electro-Optics/Infrared Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Military Electro-Optics/Infrared Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Military Electro-Optics/Infrared Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Military Electro-Optics/Infrared Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Military Electro-Optics/Infrared Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Military Electro-Optics/Infrared Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • India: Electro Optical Systems Market Presents Lucrative Opportunities for Vendors
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 82

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BAE Systems plc
  • Bharat Electronics Limited
  • Elbit Systems Ltd.
  • Excelitas Technologies Corp.
  • Israel Aerospace Industries
  • L3Harris Technologies, Inc.
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Rheinmetall AG
  • Saab AB
  • Safran SA
  • Teledyne FLIR LLC
  • Thales Group
  • Ultra Electronics Holdings plc