Electro-Optical/ Infrared Systems (EO/IR) Market in Global Military Industry 2017-2023 Expected To Rise at CAGR of 7%| MRFR
Oct 11, 2019
Military Electro Optical And Infrared Systems Market 2019: Industry Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation Type (Image Intensification, Laser, and Infrared), Sensor Technology (Scanning, Starring, Multispectral, and Hyperspectral), Platform (Airborne, Land-based, and Naval) and Region - Forecast To 2023.
Pune , India - October 11, 2019 /MarketersMedia/ —
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, and investments in 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.
This report includes a study of strategies of major market players in the Global Military Electro-Optical and Infrared Systems Market include Raytheon, 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., and Ultra Electronics Holdings
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Intended Audience
• Distributor & Supplier companies
• End-Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities
Market Segmentation
The global military electro-optical and infrared systems market is segmented on the basis of the following key components: sensor technology, type, and platform.
By type, the market includes laser, infrared, and image intensification.
By sensor technology, the market comprises hyperspectral, scanning, multispectral, and starring.
By platform, the market segments into land-based, naval, and airborne.
Regional Analysis
The global military electro-optical and infrared systems market is regionally distributed into the following key areas: North America, Europe, Asia Pacific, and the Rest of the World (RoW).
MRFR forecasts North America to be the leading region in the global military electro-optical and infrared systems market. This is due to the booming demand for electro-optics and infrared systems across different industries like military, public safety, commercial, and others in this region. The regional market is also witnessing considerable growth owing to the increasing investments that is being made in defense equipment and the growing use of electro-optics and infrared system in North America.
The growth of the North American region market can be majorly attributed to the US. The US is one of the key players in the global market landscape due to the massive investments it has made in the development and procurement of EO systems. Add to this, the increasing number of undergoing development and procurement projects in the country is aiding its growth. A majority of the research and development activities being made in EO and IR technologies is inclined towards producing lightweight, robust, and cost-effective systems that are critical for missions and operations. The airborne application is slated to generate the highest spending in this region over the forecast period.
Elsewhere, under the Rest of the World region, the Latin American regional market is projected to deliver more than 52 new combat ships and submarines in the coming years. Although the market faced a noticeable decline in 2014, it is expected to grow during the forecast period at a striking rate. The growth of the market will subsequently aid the Rest of the World region.
Scope of Report
This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Military Electro-Optical and Infrared Systems Market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
Continued........
List of Tables
Table 1 Global Military Electro-optical and Infrared Systems Market: by Region, 2017-2023
Table 2 North America Military Electro-optical and Infrared Systems Market: by Country, 2017-2023
Table 3 Europe Military Electro-optical and Infrared Systems Market: by Country, 2017-2023
Table 4 Asia Paland-basedfic Military Electro-optical and Infrared Systems Market: by Country, 2017-2023
Table 5 Row Military Electro-optical and Infrared Systems Market: by Country, 2017-2023
Table 6 Global Military Electro-optical and Infrared Systems Market, by Type by Regions, 2017-2023
Continued......
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 7 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued.....
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