Military Electro-optics/Infrared (EO/IR) Systems Market - By Platform (Airborne, Naval, Ground-based), By Sensor Technology (Infrared, Laser, Imaging), By Product Type (Camera, Laser, Thermal Imaging), By Application & Forecast 2023

Description

List of Tables

Global Military Electro-optics/Infrared (EO/IR) Systems Market will witness significant growth between 2023 and 2032. EO/IR systems offer enhanced situational awareness, target detection, and identification capabilities leading to demand. With the rise of asymmetric threats and the need for precision in military operations, these systems provide a tactical edge in both day and night environments. Technological advancements in thermal imaging, laser designation, and sensor fusion further bolster their demand. As armed forces globally prioritize precision-guided operations and surveillance capabilities, the EO/IR systems market experiences growth, playing a pivotal role in strengthening military effectiveness and national security.

Increasing investments from governments in military forces support the need for the market. In July 2023, BAE Systems secured fresh orders valued at £280 million from the UK Ministry of Defence (MOD). The move presents an opportunity to potentially increase the total value to over £400 million. This development could create more than 200 new job opportunities in the North of England and South Wales, thereby bolstering the existing workforce of 1,200 dedicated professionals specializing in UK munitions. These new orders represent a significant augmentation to the production of crucial defense supplies, including 30mm medium calibre rounds, 155mm artillery shells, and 5.56mm ammunition. These items are fundamental to the British Army's ability to achieve peak operational efficiency on the battlefield, building upon the foundation of the existing £2.4 billion 15-year partnering agreement.

The overall Military Electro-optics/Infrared (EO/IR) Systems Market is classified based on platform, sensor technology, product type, and region.

Based on the platform, the airborne segment will contribute significantly to the market revenue from 2023 to 2032. These systems provide crucial capabilities like target tracking, reconnaissance, and navigation, enhancing aerial missions' effectiveness. With the increasing complexity of modern warfare and the need for accurate targeting, airborne EO/IR systems offer unparalleled advantages. As military operations involve diverse environments, day and night, the integration of these systems in airborne platforms becomes essential, driving their demand and reshaping the landscape of aerial warfare.

By sensor technology, the laser segment will capture a decent military electro-optics/infrared (EO/IR) systems market share by 2032. Laser sensors enhance military capabilities through precise target tracking, object detection, and distance measurement. As defense operations require accurate situational awareness and effective responses, laser sensor-equipped EO/IR systems offer unmatched advantages. With advancements in laser technology, these systems are instrumental in identifying threats and guiding engagements, thereby driving their adoption and reshaping the landscape of modern military operations.

Regarding the product type, the camera segment of the military electro-optics/infrared (EO/IR) systems will witness commendable growth through 2032. EO/IR camera systems play a pivotal role in enhancing situational awareness, target identification, and surveillance capabilities for defense applications. These cameras offer high-resolution imaging in various spectrums, ensuring accurate threat detection and mission success. As defense forces globally seek cutting-edge solutions for modern challenges, the demand for innovative and versatile camera products within EO/IR systems continues to rise, driving market growth.

Regionally, the Asia-Pacific Military Electro-optics/Infrared (EO/IR) Systems industry will gain traction during the forecast period due to the region's increasing defense investments, geopolitical tensions, and evolving threats necessitating advanced EO/IR technologies for surveillance, reconnaissance, and targeting. As countries prioritize modernizing their armed forces, the demand for EO/IR systems in Asia Pacific escalates. These systems bolster national security by providing critical capabilities in both traditional and asymmetric warfare scenarios, reflecting the region's growing significance in the global defense landscape.

Product Code: 5736

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Military Electro-Optics/Infrared (EO/IR) System market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Platform trends
2.5 Sensor trends
2.6 Product trends
2.7 Application trends

Chapter 3 Military Electro-Optics/Infrared (EO/IR) System Market Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Growing need for Intelligence, Surveillance, and Reconnaissance (ISR)
  - 3.10.1.2 Increasing demand for advanced situational awareness
  - 3.10.1.3 Development of advanced technologies
  - 3.10.1.4 Growing use of unmanned aerial vehicles (UAVs) or drones
  - 3.10.1.5 Modernization of military forces
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Complexity involved in integration of EO/IR System with wide range of platforms
  - 3.10.2.2 High development and production costs
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Northrop Grumman
- 4.3.2 Lockheed Martin Corporation
- 4.3.3 BAE Systems plc
- 4.3.4 Israel Aerospace Industries
- 4.3.5 Leonardo S.p.A.
- 4.3.6 L3Harris Technologies, Inc.
- 4.3.7 Raytheon Technologies Corporation
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Military Electro-Optics/Infrared (EO/IR) System Market Estimates and Forecast, By Type (USD Million)

5.1 Key trends, by type
5.2 Airborne
5.3 Naval
5.4 Ground-based

Chapter 6 Military Electro-Optics/Infrared (EO/IR) System Market Estimates and Forecast, By Sensor Technology (USD Million)

6.1 Key trends, by sensor technology
6.2 Infrared
6.3 Laser
6.4 Imaging

Chapter 7 Military Electro-Optics/Infrared (EO/IR) System Market Estimates and Forecast, By Product (USD Million)

7.1 Key trends, by product type
7.2 Camera
7.3 Laser
7.4 Thermal Imaging
7.5 Others

Chapter 8 Military Electro-Optics/Infrared (EO/IR) System Market Estimates and Forecast, By Application (USD Million)

8.1 Key trends, by application
8.2 Intelligence
8.3 Surveillance and Reconnaissance (ISR)
8.4 Targeting
8.5 Situational Awareness
8.6 Navigation
8.7 Others

Chapter 9 Military Electro-Optics/Infrared (EO/IR) System Market Estimates and Forecast, By End-user (USD Million)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 Russia
- 9.3.4 France
- 9.3.5 Turkey
- 9.3.6 Poland
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 South Korea
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
9.6 MEA
- 9.6.1 Qatar
- 9.6.2 Saudi Arabia
- 9.6.3 Israel
- 9.6.4 UAE
- 9.6.5 South Africa

Chapter 10 Company Profiles

10.1 BAE Systems plc
10.2 CONTROP Precision Technologies Ltd.
10.3 Elbit Systems Ltd.
10.4 Excelitas Technologies Corp.
10.5 Israel Aerospace Industries
10.6 Leonardo S.p.A.
10.7 L3Harris Technologies, Inc.
10.8 Lockheed Martin Corporation
10.9 Northrop Grumman
10.10 Raytheon Technologies Corporation
10.11 Rheinmetall AG
10.12 Saab AB
10.13 Safran SA
10.14 Teledyne FLIR LLC
10.15 Thales Group
10.16 Ultra Electronics Holdings plc