PUBLISHER: The Business Research Company | PRODUCT CODE: 1668426
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668426
Military platform electro-optics involves the integration of electro-optical systems and technologies on military platforms such as aircraft, ground vehicles, ships, and unmanned systems. These specialized electro-optic systems are designed for military applications, offering enhanced visual capabilities, situational awareness, and targeting functionalities to support military operations.
The main types of military platform electro-optics include hyperspectral electro-optics and multispectral electro-optics. Hyperspectral electro-optics utilizes technology that combines hyperspectral imaging with electro-optical sensors, capturing images of a scene in numerous narrow spectral bands, often ranging from hundreds to thousands of bands. These systems are deployed on various military platforms, encompassing land electro-optics, naval electro-optics, and airborne electro-optics. They are distributed through original equipment manufacturers (OEM) and aftermarket channels.
The military platform electro optics market research report is one of a series of new reports from The Business Research Company that provides military platform electro optics market statistics, including military platform electro optics industry global market size, regional shares, competitors with an military platform electro optics market share, detailed military platform electro optics market segments, market trends and opportunities, and any further data you may need to thrive in the military platform electro optics industry. This military platform electro optics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The military platform electro optics market size has grown steadily in recent years. It will grow from$4.41 billion in 2024 to $4.55 billion in 2025 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to modernization initiatives, increased threats and conflicts, demand from naval platforms, airborne surveillance requirements, ground vehicle integration
The military platform electro optics market size is expected to see steady growth in the next few years. It will grow to $5.47 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to emphasis on unmanned systems, enhanced targeting for precision strikes, counter-drone applications, advancements in naval electro-optics, integration with command and control (c2) systems. Major trends in the forecast period include integration with unmanned aerial vehicles (UAVs), advances in thermal imaging for all-weather operations, development of multi-sensor fusion systems, focus on cybersecurity measures, use of hyperspectral imaging for target discrimination.
The increasing threat of terrorism and illegal activities is expected to drive the growth of the military platform electro-optics market in the future. Terrorism involves the use of violence or the threat of violence, particularly against civilians, to achieve political, religious, or ideological objectives, while illegal activity encompasses any actions prohibited by law. Military platform electro-optics play a crucial role in countering terrorism and illegal activities by providing real-time, high-resolution battlefield imagery and surveillance of other areas of interest. This imagery aids in identifying potential threats, tracking enemy movements, and assessing damage from attacks. For example, in February 2024, The Institute for Economics and Peace, an international think tank based in Australia, reported that terrorist attacks became more lethal in 2023, averaging 2.5 deaths per attack compared to 1.6 in 2022. Therefore, the rising threat of terrorism and illegal activities is fueling the growth of the military platform electro-optics market.
Rising geopolitical tensions are anticipated to drive the growth of the military platform electro-optics market in the future. Geopolitical tensions refer to conflicts, disputes, or heightened competition among nations or geopolitical entities, often fueled by political, economic, territorial, or ideological differences. These tensions create a demand for military platform electro-optics to enhance situational awareness, intelligence gathering, and target identification. Such technologies empower military forces to operate effectively in complex environments, maintain a tactical advantage, and ensure national security. For instance, in May 2024, the Export Finance and Insurance Corporation, an Australian government agency, reported that the Organisation for Economic Co-operation and Development (OECD) anticipates global trade in goods and services will grow by 2.3% in 2024 and 3.3% in 2025, a significant rise from the modest 1% growth seen in 2023. Therefore, increasing geopolitical tensions are influencing the military platform electro-optics market.
AI-enabled threat identification systems emerge as a prominent trend in the military platform electro-optics market, with companies embracing new technologies to reinforce their market positions. In April 2023, Raytheon Technologies, a US-based aerospace and defense company, introduced RAIVEN, an AI-powered system equipped with electro-optics and infrared capabilities. RAIVEN is designed to detect and identify threats in real-time military operations, leveraging advanced technologies such as hyperspectral imaging, LiDAR (light detection and ranging), and artificial intelligence to deliver unparalleled targeting, battlespace awareness, range, and visual superiority.
Major companies operating in the military platform electro-optics market focus on product innovations to enhance tactical capabilities for various military units. The development of the Point Blank missile exemplifies this approach, aiming to augment the lethality of tactical units, including small tactical teams. This hand-launched missile, operated by a single soldier, incorporates advanced electro-optical systems for real-time surveillance, enabling precise target targeting and strikes. Israel Aerospace Industries Corporation unveiled the Point Blank in January 2023, presenting a hand-launched electro-optical guided missile designed to be carried in a soldier's backpack.
In September 2023, General Atomics, a U.S.-based energy and defense corporation, acquired EO Vista for an undisclosed sum. This acquisition is intended to greatly enhance General Atomics' capabilities in the area of electro-optical sensor systems, particularly for military and aerospace applications. EO Vista is a U.S.-based aerospace company that specializes in developing advanced electro-optical (EO) sensor systems.
Major companies operating in the military platform electro optics market include L3Harris Technologies Inc., Raytheon Technologies Corporation, Lockheed Martin Corporation, Leonardo S.p.A., Elbit Systems Ltd., Thales Group, BAE Systems, Northrop Grumman, Safran Group, Teledyne FLIR LLC, Aselsan AS, Rheinmetall AG, Alpha Design Technologies, Ultra Electronics Holdings, Israel Aerospace Industries, Collins Aerospace, DRS Technologies, FLIR Systems, Luminator Technology Group, Opgal Optronics Industries, Rafael Advanced Defense Systems, RADA Electronic Industries, Sierra Olympic Technologies, SPI Corp, Textron Inc., Boeing and Engility, Kratos Defense & Security Solutions Inc., Space Systems Loral, Hensoldt AG
North America was the largest region in the military platform electro-optics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global military platform electro-optics market report during the forecast period. The regions covered in the military platform electro optics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the military platform electro optics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The military platform electro-optics market consists of sales of electro-optical sensors, infrared sensors, imaging systems, and visible sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Military Platform Electro Optics Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on military platform electro optics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for military platform electro optics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The military platform electro optics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.