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Military Electro-optics/Infrared (EO/IR) Systems Market Share

Report ID: GMI5736
Published Date: May 2023
Report Format: PDF

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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.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of military electro-optics/infrared systems was valued at USD 5 billion in 2022 and will record more than 6% CAGR from 2023 to 2032 due to the growing need for intelligence, surveillance, and reconnaissance (ISR).

Naval military electro-optics/infrared systems market will record 6% CAGR from 2023 to 2032 owing to greater focus on maritime surveillance, threat detection, and target identification.

Demand for infrared military electro-optics/infrared systems is posed to record 5% CAGR from 2023 to 2032 on account of the rising need for tracing and detecting targets in nighttime and low-light conditions.

North America military EO/IR systems industry size is expected to exhibit 6% CAGR from 2022 – 2032 due to the rising expenditure on weapon systems to counter enemies on the battlefield in the country.