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Military Electro-optical and Infrared Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 149 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5901502
Description Jump to:
The global military electro-optical and infrared systems market size reached US$ 10.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 12.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2022-2028.

Military electro-optical and infrared (EO/IR) systems refer to various land-, air-, and naval-based discrete technological solutions used for comprehensive situational awareness. The airborne systems include optic sights, night vision, inspection systems and helmet-mounted displays. The land-based systems consist of weapon-mounted sights, optronic devices, thermal imagers, designators and laser range finders. The naval-based systems include infrared imagers and detectors, surveillance and tracking systems and photonics mast systems. These systems and devices use hyperspectral and multispectral imaging technologies and are commonly used for conducting combat, patrol, surveillance, reconnaissance and search and rescue operations.

The market is primarily driven by an alarming increase in armed conflicts, violence and terrorism across the globe. Furthermore, the escalating requirement for military modernization is creating a positive outlook for the market. Military EO/IR systems are widely used in missile warning receivers and electronic warfare, optical surveillance and observation systems. In line with this, the deployment of these solutions for unmanned vehicles is also contributing to the market growth. Additionally, various technological advancements, such as the development of innovative longwave infrared (LWIR) and EO laser guidance systems, are acting as other growth-inducing factors. They provide enhanced thermal imaging capacities with improved target recognition and offers reliable information for crew protection in war conditions. Other factors, including the increasing integration of novel EO/IR systems with the existing military systems, along with rising defense expenditures by governments across the globe, especially in the developing nations, are anticipated to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global military electro-optical and infrared systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on platform, system, sensor type, technology and wavelength.

Breakup by Platform:

  • Air-Based
  • Sea-Based
  • Land-Based

Breakup by System:

  • Targeting System
  • Electronic Support Measure (ESM) System
  • Imaging System
  • Multispectral Imaging System
  • Hyperspectral Imaging System

Breakup by Sensor Type:

  • Staring Sensor
  • Scanning Sensor

Breakup by Technology:

  • Cooled
  • Uncooled

Breakup by Wavelength:

  • Ultraviolet
  • Near Infrared
  • Short and Medium Wavelength Infrared
  • Long Wavelength Infrared

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., Israel Aerospace Industries, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB and Thales Group.

Key Questions Answered in This Report:

  • How has the global military electro-optical and infrared systems market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global military electro-optical and infrared systems market?
  • What are the key regional markets?
  • What is the breakup of the market based on the platform?
  • What is the breakup of the market based on the system?
  • What is the breakup of the market based on the sensor type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the wavelength?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global military electro-optical and infrared systems market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Military Electro-optical and Infrared Systems Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Platform
6.1 Air-Based
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Sea-Based
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Land-Based
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by System
7.1 Targeting System
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electronic Support Measure (ESM) System
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Imaging System
7.3.1 Market Trends
7.3.2 Major Types
7.3.2.1 Multispectral Imaging System
7.3.2.2 Hyperspectral Imaging System
7.3.3 Market Forecast
8 Market Breakup by Sensor Type
8.1 Staring Sensor
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Scanning Sensor
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Technology
9.1 Cooled
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Uncooled
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Wavelength
10.1 Ultraviolet
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Near Infrared
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Short and Medium Wavelength Infrared
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Long Wavelength Infrared
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 BAE Systems Plc
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Elbit Systems Ltd.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 SWOT Analysis
16.3.3 FLIR Systems Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Israel Aerospace Industries
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 L3Harris Technologies Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 SWOT Analysis
16.3.6 Leonardo S.p.A.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Lockheed Martin Corporation
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Raytheon Technologies Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Rheinmetall AG
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 SWOT Analysis
16.3.10 Saab AB
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Thales Group
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 SWOT Analysis
List of Figures
Figure 1: Global: Military Electro-optical and Infrared Systems Market: Major Drivers and Challenges
Figure 2: Global: Military Electro-optical and Infrared Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Military Electro-optical and Infrared Systems Market: Breakup by Platform (in %), 2022
Figure 5: Global: Military Electro-optical and Infrared Systems Market: Breakup by System (in %), 2022
Figure 6: Global: Military Electro-optical and Infrared Systems Market: Breakup by Sensor Type (in %), 2022
Figure 7: Global: Military Electro-optical and Infrared Systems Market: Breakup by Technology (in %), 2022
Figure 8: Global: Military Electro-optical and Infrared Systems Market: Breakup by Wavelength (in %), 2022
Figure 9: Global: Military Electro-optical and Infrared Systems Market: Breakup by Region (in %), 2022
Figure 10: Global: Military Electro-optical and Infrared Systems (Air-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Military Electro-optical and Infrared Systems (Air-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Military Electro-optical and Infrared Systems (Sea-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Military Electro-optical and Infrared Systems (Sea-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Military Electro-optical and Infrared Systems (Land-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Military Electro-optical and Infrared Systems (Land-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Military Electro-optical and Infrared Systems (Targeting System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Military Electro-optical and Infrared Systems (Targeting System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Military Electro-optical and Infrared Systems (Electronic Support Measure System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Military Electro-optical and Infrared Systems (Electronic Support Measure System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Military Electro-optical and Infrared Systems (Imaging System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Military Electro-optical and Infrared Systems (Imaging System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Military Electro-optical and Infrared Systems (Staring Sensor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Military Electro-optical and Infrared Systems (Staring Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Military Electro-optical and Infrared Systems (Scanning Sensor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Military Electro-optical and Infrared Systems (Scanning Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Military Electro-optical and Infrared Systems (Cooled) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Military Electro-optical and Infrared Systems (Cooled) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Military Electro-optical and Infrared Systems (Uncooled) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Military Electro-optical and Infrared Systems (Uncooled) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Military Electro-optical and Infrared Systems (Ultraviolet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Military Electro-optical and Infrared Systems (Ultraviolet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Military Electro-optical and Infrared Systems (Near Infrared) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Military Electro-optical and Infrared Systems (Near Infrared) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Military Electro-optical and Infrared Systems (Short and Medium Wavelength Infrared) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Military Electro-optical and Infrared Systems (Short and Medium Wavelength Infrared) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Military Electro-optical and Infrared Systems (Long Wavelength Infrared) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Military Electro-optical and Infrared Systems (Long Wavelength Infrared) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: North America: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: United States: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: North America: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia-Pacific: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: China: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Asia-Pacific: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Europe: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Germany: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Europe: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Latin America: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Brazil: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Latin America: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Middle East and Africa: Military Electro-optical and Infrared Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Middle East and Africa: Military Electro-optical and Infrared Systems Market: Breakup by Country (in %), 2022
Figure 86: Middle East and Africa: Military Electro-optical and Infrared Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Global: Military Electro-optical and Infrared Systems Industry: SWOT Analysis
Figure 88: Global: Military Electro-optical and Infrared Systems Industry: Value Chain Analysis
Figure 89: Global: Military Electro-optical and Infrared Systems Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Military Electro-optical and Infrared Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Military Electro-optical and Infrared Systems Market Forecast: Breakup by Platform (in Million US$), 2023-2028
Table 3: Global: Military Electro-optical and Infrared Systems Market Forecast: Breakup by System (in Million US$), 2023-2028
Table 4: Global: Military Electro-optical and Infrared Systems Market Forecast: Breakup by Sensor Type (in Million US$), 2023-2028
Table 5: Global: Military Electro-optical and Infrared Systems Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 6: Global: Military Electro-optical and Infrared Systems Market Forecast: Breakup by Wavelength (in Million US$), 2023-2028
Table 7: Global: Military Electro-optical and Infrared Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Military Electro-optical and Infrared Systems Market: Competitive Structure
Table 9: Global: Military Electro-optical and Infrared Systems Market: Key Players

Companies Mentioned

  • BAE Systems Plc
  • Elbit Systems Ltd.
  • FLIR Systems Inc.
  • Israel Aerospace Industries
  • L3Harris Technologies Inc.
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • Rheinmetall AG
  • Saab AB and Thales Group

Methodology

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Table Information

Report AttributeDetails
No. of Pages149
PublishedNovember 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 10 Billion
Forecasted Market Value ( USD ) by 2028 $ 12.5 Billion
Compound Annual Growth Rate3.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Military Electro Optical and Infrared Systems Market

The Military Electro Optical and Infrared Systems (EO/IR) market is a subset of the Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) industry. EO/IR systems are used to detect, identify, and track objects in the air, on land, and at sea. These systems are used for a variety of military applications, including reconnaissance, surveillance, target acquisition, navigation, and missile guidance. EO/IR systems are typically composed of sensors, cameras, and other imaging devices, as well as software and hardware for data processing and analysis. EO/IR systems are used by militaries around the world to enhance their situational awareness and improve their operational effectiveness. These systems are also used in commercial applications, such as security and surveillance, and in the aerospace and automotive industries. Some companies in the Military Electro Optical and Infrared Systems market include FLIR Systems, Elbit Systems, Thales Group, Lockheed Martin, Raytheon Technologies, and Northrop Grumman. Show Less Read more

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