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Military Electro-Optics/Infrared (EO/IR) Systems Market by Platform, Product Type, Component, Cooling Technology Sensor Technology, Imaging Technology (Hyperspectral, Multispectral), point of sale and Region - Global Forecast to 2028

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  • 252 Pages
  • April 2023
  • Region: Global
  • Markets and Markets
  • ID: 5781005

The military EO/IR system market size is projected to grow from USD 7.8 billion in 2023 to USD 9.5 billion by 2028, at a CAGR of 4.0% during the forecast period. 

As security threats evolve, military forces may need to rely more heavily on EO/IR systems to identify and track potential threats. For example, unmanned aerial vehicles (UAVs) have become a growing concern for military forces, and military EO/IR systems can be used to detect and track these threats.

Land Segment: The second largest share of the military EO/IR system market by platform in 2023.

The Land segment has the second largest segment of the military EO/IR system market by payload in 2023. As technology continues to advance, EO/IR systems have become more powerful, compact, and affordable. This has made them increasingly attractive to military forces, who can use them for a range of applications, from surveillance and reconnaissance to targeting and threat detection.

Cooled technology Segment: The largest segment of the military EO/IR system market by type in 2023

The  Cooled technology segment has the largest segment of the military EO/IR system market by type in 2023. Military forces may have specific operational needs that require the use of EO/IR systems. For example, they may need to monitor a particular area for an extended period of time, or they may need to conduct reconnaissance in a remote or dangerous location.

North America to account for the second largest CAGR in the military EO/IR system market in forecasted year

North America is estimated to account for the second largest CAGR in the military EO/IR system market in the forecasted year. The North America region for this study comprises of US, Canada, countries. Rising developments of military EO/IR system by several US based companies. 

Break-up of profiles of primary participants in the military EO/IR system market: 

  • By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%  
  • By Designation: C-Level Executives - 35%, Directors - 25%, and Others - 40%  
  • By Region: North America - 25%, Europe - 15%, Asia Pacific - 45%, Rest of the world - 5%, Middle East & Africa - 10% 

Prominent companies in the military EO/IR system market are Northrop Grumman Corporation(US), Raytheon Technologies Corporation(US), L3Harris Technologies Inc.(US), Lockheed Martin Corporation (US), Thales Group (France), Aselsan AS (Turkey), Teledyne FLIR (US), BAE System (UK),  among others. 

Research Coverage:  

  • The market study covers the military EO/IR system market across segments. 
  • It aims at estimating the market size and the growth potential of this market across different segments, such Cooling Technology, Imaging Technology, Sensor Technology, Product Type, Platform, Component, Point of Sale and region. 
  • The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.   

Key benefits of buying this report: 

  • This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall military EO/IR system market and its subsegments.
  • The report covers the entire ecosystem of the military EO/IR system industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. 
  • The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers: 

  • Analysis of key drivers and there are several factors that could contribute to an increase in military electro-optical/infrared (EO/IR) system market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the military electro-optical/infrared (EO/IR) system market 
  • Market Development: Comprehensive information about lucrative markets - the report analyses the military electro-optical/infrared (EO/IR) system market across varied regions 
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the military electro-optical/infrared (EO/IR) system market 
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Northrop Grumman Corporation(US), Raytheon Technologies Corporation(US), L3Harris Technologies Inc.(US), Lockheed Martin Corporation (US), Thales Group (France), Aselsan AS (Turkey), Teledyne FLIR (US), BAE System (UK),   among others in the military electro-optical/infrared (EO/IR) system market

Table of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.3.1 Regional Scope
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Market Stakeholders
1.6 Summary Of Changes
1.6.1 Recession Impact Analysis

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data Key Data From Secondary Sources
2.1.2 Primary Data Key Data From Primary Sources Breakdown Of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
2.6 Risk Analysis
2.7 Recession Impact Analysis

3 Executive Summary4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Value Chain Analysis
5.4 Trends/Disruption Impacting Customer's Business
5.5 Pricing Analysis
5.5.1 Average Selling Prices Of Key Players, By Component
5.5.2 Average Selling Price Trend
5.6 Use Case Analysis
5.7 Trade Analysis
5.8 Military Electro-Optics/Infrared Systems Market Ecosystem
5.9 Volume Analysis
5.10 Tariff And Regulatory Landscape
5.10.1 Regulatory Bodies, Government Agencies And Other Organizations
5.11 Ranges & Scenarios
5.12 Porter’S Five Forces Analysis
5.13 Technological Analysis
5.14 Key Conferences & Events In 2023-2024 Analysis
5.15 Key Stakeholders & Buying Criteria
5.15.1 Key Stakeholders In Buying Criteria.
5.15.2 Buying Criteria

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.3 Patent Analysis
6.4 Impact Of Megatrends

7 Military EO/IR Systems Market, By Cooling Technology
7.1 Introduction
7.2 Cooling Technology
7.2.1 Uncooled
7.2.2 Cooled

8 Military EO/IR Systems Market, By Sensor Technology
8.1 Introduction
8.2 Sensor Technology
8.2.1 Staring Sensor
8.2.2 Scanning Sensor

9 Military EO/IR Systems Market, By Imaging Technology
9.1 Introduction
9.2 Imaging Technology
9.2.1 Multispectral
9.2.2 Hyperspectral

10 Military EO/IR Systems Market, By Component
10.1 Introduction
10.2 Human-Machine Interface
10.3 Stabilization Unit
10.4 Control System
10.5 Optics
10.6 Sensor
10.7 Processor

11 Military EO/IR Systems Market, By Product Type
11.1 Introduction
11.2 Handheld System
11.2.1 Designator
11.2.2 Rangefinder
11.2.3 Handheld Thermal Imagers
11.2.4 Weapon Scopes & Sights
11.3 EO/IRPayload
11.3.1 Vehicle  Eo/Ir
11.3.2 Airborne Eo/Ir
11.3.3 Maritime Eo/Ir

12 Military EO/IR Systems Market, By Platform
12.1 Introduction
12.2 Land
12.2.2 Vehicle-Mounted Combat Vehicles Unmanned Ground Vehicles
12.2.3 Soldier System
12.3 Airborne
12.3.1 Military Aircraft Fighter Aircraft Transport Aircraft Special Mission Aircraft
12.3.2 Attack Helicopters
12.3.3 Unmanned Aerial Vehicles
12.4 Naval
12.4.1 Combat Ships
12.4.2 Unmanned Surface Vehicles

13 Military EO/IR Systems Market, By Point Of Sale
13.1 Introduction
13.2 Oem
13.3 Aftermarket

14 Regional Analysis
14.1 Introduction
14.2 Regional Recession Impact Analysis
14.3 North America
14.2.1 Pestle Analysis: North America
14.2.2 Recession Impact Analysis: North America
14.2.3 US
14.2.4 Canada
14.4 Europe
14.3.1 Pestle Analysis: Europe
14.2.2 Recession Impact Analysis: Europe
14.3.3 UK
14.3.4 France
14.3.5 Germany
14.3.6 Italy
14.3.7 Russia
14.3.8 Rest Of Europe
14.5 Asia Pacific
14.4.1 Pestle Analysis: Asia Pacific
14.2.2 Recession Impact Analysis: Asia Pacific
14.4.3 China
14.4.4 Japan
14.4.5 India
14.4.6 South Korea
14.4.7 Australia
14.4.8 Rest Of APAC
14.5 Rest Of The World
14.2.1 Recession Impact Analysis: Rest Of The World
14.5.2 Middle East And Africa
14.5.3 Latin America

15 Competitive Landscape
15.1 Introduction
15.2 Market Evaluation Framework
15.3 Market Share /Ranking
15.4 Revenue Analysis Of Leading Players
15.5 Company Analysis
15.5 Company Evaluation Quadrant
15.5.1 Star
15.5.2 Emerging Leaders
15.5.3 Pervasive
15.5.4 Participant
15.6 Competitive Benchmarking
15.7 Start-Up/Sme Evaluation Quadrant
15.7.1 Responsive Companies
15.7.2 Progressive Companies
15.7.3 Dynamic Companies
15.7.4 Starting Blocks
15.7.5 Competitive Benchmarking
15.8 Competitive Scenario
15.8.1 Contracts
15.8.2 New Product Launches
15.8.3 Agreements, Acquisitions, Collaborations, Partnerships, And Joint Ventures
15.8.4 Others

16 Company Profiles
16.1 Introduction
16.2 Key Players
16.2.1 Lockheed Martin Corporation
16.2.2 Northrop Grumman Corporation
16.2.3 Bae Systems
16.2.4 Raytheon Technology Corporation
16.2.5 Thales Group
16.2.6 Leonardo
16.2.7 Elbit Systems
16.2.8 Rheinmetall Ag
16.2.9 Teledyne Flir
16.2.10 L3 Harris Technologies Inc.
16.2.11 Aselsan A.S.
16.2.12 General Dynamics Corporation
16.2.13 Kongsberg
16.2.14 Thales Group
16.2.15 Hensoldt Ag
16.2.16 Israel Aerospace Industries
16.3 Other Major Players
16.3.1 Lynred
16.3.2 Rafael Advanced Defense Systems
16.3.3 Alpha Design Technologies
16.3.4 Vectornav
16.3.5 Ascent Vision Technology Group
16.3.6 Ascendent Technologies
16.3.7 Infiniti Electro-Optics
16.3.8 Harris Aerial
16.3.9 Height Technologies

17 Appendix
17.1 Discussion Guide
17.2 Knowledge Store: The Subscription Portal
17.3 Introducing Rt: Real-Time Market Intelligence
17.4 Available Customization
17.5 Related Reports
17.6 Author Details

Companies Mentioned

  • Alpha Design Technologies
  • Ascendent Technologies
  • Ascent Vision Technology Group 
  • Aselsan A.S.
  • Bae Systems
  • Elbit Systems 
  • General Dyanmics Corporation
  • Harris Aerial
  • Height Technologies
  • Hensoldt Ag
  • Infiniti Electro Optics
  • Israel Aerospace Industries 
  • Kongsberg
  • L3 Harris Technologies Inc.
  • Leonardo 
  • Lockheed Martin Corporation
  • Lynred
  • Northrop Grumman Corporation
  • Rafael Advanced Defense Systems
  • Raytheon Technology Corporation
  • Rheinmetall Ag
  • Teledyne Flir
  • Thales Group
  • Thales Group
  • Vectornav



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