Military Electro-Optical / Infrared Systems Market by Type & System - 2020 | MarketsandMarkets

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MarketsandMarkets Presents
Military Electro-Optical/Infrared Systems Market
Worth 16.35 Billion by 2020
Military Electro-Optical / Infrared Systems
Market by Type (Image Intensification, Laser,
Infrared), by System (Imaging Non-Imaging), by
Sensor Technology (Scanning, Starring,
Multispectral, Hyper spectral), by Platform
(Airborne, Land-based, Naval) - Forecast to
2020
http//www.marketsandmarkets.com/Market-Reports/el
ectro-optical-market-234736604.html
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According to the new market research
report "Military Electro-Optical / Infrared
Systems Market by Type (Image Intensification,
Laser, Infrared), by System (Imaging
Non-Imaging), by Sensor Technology (Scanning,
Starring, Multispectral, Hyper spectral), by
Platform (Airborne, Land-based, Naval) - Forecast
to 2020", published by MarketsandMarkets, the
global military electro-optical/infrared systems
market is expected to reach 16.35 Billion by
2020, to register a CAGR of 7.71. Browse 137
market data tables and 104 figures spread through
252 pages and in-depth TOC on "Military
Electro-Optical / Infrared Systems Market -
Forecast to 2020"Early buyers will receive 10
customization on this report.
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Electro-optic Infrared (EO/IR) systems provide
militaries with exceptional battlefield
capabilities. In particular, EO/IR systems are
integral to the intelligence, surveillance,
reconnaissance (ISR), intelligence, surveillance,
target acquisition and reconnaissance (ISTAR)
capabilities of the modern military forces. EO/IR
capabilities are seen as a critical force
multiplier, enabling a flexible deployment of
targeted military forces that are based on
accurate and timely surveillance and
reconnaissance. Speak with Research Analyst _at_
http//www.marketsandmarkets.com/speaktoanalyst.as
p?id234736604 This report segments the
military electro-optical/infrared systems on the
basis of system, type, sensor technology, and
region. The geographical analysis contains an
in-depth classification which includes the North
America, Europe, APAC, the Middle East, and ROW,
thus, encompassing the major countries that cover
the respective markets. The report also discusses
the industry, market, and technology trends that
currently, prevail in the market. The report
provides vital information on key trends related
to sensor and imaging technologies. It is
expected that advancements in the sensor
technologies would shape and influence the said
market. The growth is expected to be driven by
the increasing usage of military
electro-optical/infrared systems in surveillance
operations. In Naval platforms, electro-optic
systems are finding increasing use in next
generation close in weapon system (CIWS). CIWS
use electro-optic systems for target acquisition
and engagement.
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There is a bullish trend towards the imaging
technologies adopted by the market leaders, in
this market. The infrared systems are expected to
witness a rapid growth during the forecast
period. North America is expected to witness a
slight decline in the market share during the
forecast period, due to defense budget cuts,
compared to other regions. China, India, Brazil,
Russia, and Saudi Arabia are identified as
emerging economies which are expected to witness
an upsurge in demand of electro-optical systems.
Blue Ocean strategies in the defense sector will
help the market grow at a rapid pace. The APAC
countries will focus on growth, aim to create an
uncontested market space, and direct their
regions economies on a higher trajectory for the
long run. Along with the organic and inorganic
growth strategies being adopted, military
Keynesianism is also expected to fuel the market
in the emerging economies. The ongoing dynamic
growth of economies, especially in Southeast
Asia, is expected to present defense companies
with significant opportunities in this
market. For More Details _at_ http//www.marketsandm
arkets.com/pdfdownload.asp?id234736604 Key
players profiled in this market are Raytheon
Company, Lockheed Martin, L-3 Communications
Holdings, Inc. BAE Systems Plc. Thales group, DRS
Technologies, Northrop Grumman, Elbit Systems
Ltd., Harris Corporation, RheinmetallDefence AG,
Textron, Rockwell Collins, II-VI, Inc., Ultra
Electronics Holdings, Inc., and Rafael Advanced
Defence Systems Ltd. A competitive landscape with
respect to the aforementioned players and their
market share has also been provided in the
report. In a nutshell, this market has enormous
potential for new technological advancements and
is expected to grow at a steady growth rate
during the forecast period.
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