Asia-Pacific Electro-Optic Systems Market Worth $2,039.27 Million in 2020

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• Asia-Pacific Electro-Optic Systems Market Worth
  2,039.27 Million in 2020

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The Asia-Pacific Electro-optical systems market
is estimated to grow from 1,564.08 million in
2014 to 2,039.27 million in 2020, registering a
CAGR of 4.52. Airborne Electro-optical systems
are expected to register a CAGR of 6.51 during
the forecast period. The evolution of technology
is aiding the development of highly capable
electro-optic systems that can be deployed in a
variety of applications. The advancement in the
field of imaging sensors has enabled
electro-optic systems to have increased range of
surveillance and detection of targets.
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Airborne electro-optic systems are estimated to
rise in the defense segment as UAVs are
increasingly being deployed in air forces around
the world. Electro-optic systems will be the core
of UAVs reconnaissance and surveillance
capability. Ground-based electro-optic systems
are also finding increasing deployment as they
act as standalone and complementary systems for
ground-based radar to search and track stealth
aircraft that are increasingly becoming hard to
track via traditional radar.
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Browse through the market data tables, figures
and detailed ToC on the Asia-Pacific
Electro-Optical Market. http//www.micromarketmon
itor.com/market/asia-pacific-electro-optical-90482
98354.html

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European Electro-Optic Systems Market

• The European electro-optic systems market is
  estimated to grow from 2,940.00 million in 2014
  to 3,088.74 million in 2020, registering a CAGR
  of 0.83. The market will be predominantly driven
  by the aerospace and homeland security segment.
  Europe constitutes 25.0 of the global
  electro-optic systems market. Due to shrinking
  defense budgets and economic turbulence in the
  European region, the market is expected to
  reflect stagnant growth over the forecast period.
  Increasing deployment of surveillance will drive
  the market for the next five years. NATO
  deployments in Eastern Europe are set to increase
  due to recent Russian aggression, and hence will
  enable procurement of electro-optic systems.

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• Electro-optical systems are gradually becoming
  more attractive for transmitting electrical
  signals. Electro-optical is used in the military
  sector for airborne systems, ground-based deep
  space surveillance equipment, night vision
  devices, and a host of other optical tools. In
  the Homeland Security sector, they can be used in
  weapon sights, thermal imaging, target
  acquisition, imaging and surveillance, and other
  applications.
• http//www.micromarketmonitor.com/market/europe-el
  ectro-optical-7144498540.html

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