Global Electro-Optical/Infrared (EO/IR) Systems Market to Show 2.98% CAGR from 2018-2028 to Reach 14.3$ Bn by 2028

The Global Military Electro-Optical/Infrared Systems Market 2018-2028 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years and also analyze factors that influence demand for EO/IR systems, key market trends, and challenges faced by industry participants.

Pune, India - August 2, 2018 /MarketersMedia/ —

Surging demand for high resolution and high throughput sensors for gaining superior situational awareness, countermeasures and reconnaissance is the key driver for the military EO/IR systems sector globally. In order to tackle conventional as well as newly evolved threats, militaries worldwide are focusing on installation of advanced sensor-based systems, which can provide intel in real time for necessary actions.

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Scope:
• The global military EO/IR systems market is expected to register a CAGR of 2.98%, growing from US$10.7 billion in 2018 to US$14.3 billion by 2028.
• The market consists of three categories: airborne, ground-based and naval.
• The market is expected to be dominated by airborne segment, which will account for 72.2% of the market, followed by ground-based and naval segments.
• In terms of geography, Asia Pacific is projected to lead the sector with a share of 33.9%, followed by North America and Europe.

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Reason to Buy:
• Determine prospective investment areas based on a detailed trend analysis of the global military EO/IR systems market over the next ten years
• Gain in-depth understanding about the underlying factors driving demand for different EO/IR systems segments in the top spending countries across the world and identify the opportunities offered by each of them
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
• Identify the major channels that are driving the global military EO/IR systems market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military EO/IR systems market
• Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top EO/IR solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available

Companies Mentioned
• Northrop Grumman
• Leonardo DRS
• Elbit Systems
• BAE Systems
• FLIR Systems
• L-3 Technologies
• Lockheed Martin
• Raytheon
• Thales
• Selex
• Cubic Global Defense
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Contact Info:
Name: Shirish Gupta
Email: [email protected]
Organization: The Market Reports
Address: SF-29, Sacred World, Wanawadi
Phone: 16314071315

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Source: MarketersMedia

Release ID: 388098