Global Military Electro-Optics Infrared (EO IR) Systems Market To Witness Huge Growth By 2029 With A
Global Military Electro-Optics Infrared (EO IR) Systems Market To Witness Huge Growth By 2029 With A ===== https://urluss.com/2tuyCg
Global Military Electro-Optics Infrared (EO IR) Systems Market to Witness Huge Growth by 2029 with a CAGR of 6.5%
The global military electro-optics infrared (EO IR) systems market is expected to reach USD 16.5 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2029, according to a new report by Market Research Future (MRFR).
EO IR systems are devices that use visible light, near-infrared, and thermal infrared sensors to detect and identify targets in various environmental conditions. They are widely used in military applications such as surveillance, reconnaissance, target acquisition, fire control, and missile guidance.
The key factors driving the growth of the global military EO IR systems market are the increasing demand for advanced situational awareness and intelligence capabilities, the rising adoption of unmanned aerial vehicles (UAVs) and other platforms equipped with EO IR systems, and the growing investments in defense modernization and research and development.
However, the market may face some challenges such as the high cost and complexity of EO IR systems, the vulnerability to cyberattacks and jamming, and the regulatory and ethical issues related to the use of EO IR systems.
The global military EO IR systems market is segmented by platform, system, technology, sensor technology, wavelength, and region.
By platform, the market is divided into airborne, land-based, naval, and space-based. The airborne segment is expected to dominate the market during the forecast period due to the increasing deployment of UAVs and helicopters with EO IR systems for various missions.
By system, the market is categorized into imaging systems and non-imaging systems. The imaging systems segment is projected to lead the market during the forecast period owing to the high demand for high-resolution imagery and video for target detection and identification.
By technology, the market is classified into scanning systems and staring systems. The staring systems segment is anticipated to grow at the highest CAGR during the forecast period as they offer better performance and reliability than scanning systems.
By sensor technology, the market is split into cooled and uncooled. The uncooled segment is expected to witness the fastest growth during the forecast period due to the lower cost, weight, power consumption, and maintenance requirements of uncooled sensors.
By wavelength, the market is segmented into ultraviolet (UV), visible (VIS), near-infrared (NIR), short-wavelength infrared (SWIR), mid-wavelength infrared (MWIR), long-wavelength infrared (LWIR), and very long-wavelength infrared (VLWIR). The MWIR segment is estimated to account for the largest market share during the forecast period as MWIR sensors offer high sensitivity and resolution for various applications.
By region, the market is analyzed across North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is expected to hold the largest market share during the forecast period due to the presence of major players such as Lockheed Martin Corporation, Raytheon Technologies Corporation, L3Harris Technologies Inc., FLIR Systems Inc., and Northrop Grumman Corporation in the region. Asia-Pacific is expected to register the highest CAGR during the forecast period due to the increasing defense spending and modernization programs in countries such as China, India, Japan, South Korea, and Australia.
The key players operating in the global military EO IR systems market are Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), L3Harris Technologies Inc. (US), FLIR Systems Inc. (US), Northrop Grumman Corporation (US), Leonardo S.p.A. (Italy), Thales Group (France), BAE Systems plc (UK), Elbit Systems Ltd. (Israel), Rheinmetall AG (Germany), Safran SA (France), Israel Aerospace Industries Ltd. (Israel), Hensoldt AG (Germany), Aselsan A.S. (Turkey), and Jenoptik AG (Germany). ec8f644aee