Market Synopsis of Military Electro-Optical and Infrared Systems Market:
The global Military Electro-Optical and Infrared Systems market is expected to grow at a CAGR of around 7% during 2016-2021.
As per the MRFR analysis, this growth is driven by growing demand for vetronics, introduction of InGaAs detector systems. Factors impacting the market are declining defense budget in US and UK and regulatory issues with regards to all three platforms (air, naval, and land). Shifting trend towards EO/Laser Guidance Systems is also significantly contributing towards the increase in demand.
Americas is leading the market with around 40% market share and is likely to dominate the market in the forecast period followed by EMEA and APAC.
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Key Players of Military Electro Optical and Infrared Systems Market:
- Lockheed Martin
- L-3 Communications Holdings, Inc.
- BAE Systems Plc.
- Thales group
- DRS Technologies
- Northrop Grumman
- Elbit Systems Ltd.
- Harris Corporation
- Rheinmetall Defence AG
- Rockwell Collins
- Ultra Electronics Holdings
Study Objectives of Military Electro-Optical and Infrared Systems Market:
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Military Electro-Optical and Infrared Systems Market
- To provide insights about factors affecting the market growth
- To analyse the Global Military Electro-Optical and Infrared Systems Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segment by types and applications
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Military Electro-Optical and Infrared Systems Market
- Land based platform account approx. 80% of the market share and will dominate the market in forecast period.
- APAC will register a CAGR of around 10% in the forecast followed by EMEA and Americas.
- Growing investment towards InGaAs detector system, which allows imaging in the SWIR without the necessity of an external cooling system.
1.1 Report Description
1.2 Research Objective
2. Executive Summary
2.1 Key Findings / Highlights
2.1.1 Investment Opportunities
2.1.2 Market Startegies
2.1.3 Latest Developments
3. Scope of the Study
3.1 Markets Covered
3.2 Years Considered For the Study (2016-2021)
3.2 Geographic Scope
3.3 Key Stakeholders
4. Assumptions and Limitations
5. Research Methodology
5.1 Primary Research
5.2 Secondary Research
5.3 Econometric and Forecasting Model
Regional and Country Analysis of Military Electro-Optical and Infrared Systems Market:
Americas will dominate the electro optic and infrared sensor market during the forecast period. With increased investment and procurement of weapons systems in land, naval, and air platforms, APAC will register the maximum growth in the forecast period.
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