Military Electro-Optical and Infrared Systems Market 2018 | Leading Players Analysis, Market status and Forecast | Expected to grow at a CAGR of around 7%

Market Highlights:

In military industries, Electro-Optical and Infrared (EO/IR) systems play a vital role as they are mostly used in airborne, land-based, and naval sectors. Airborne EO/IR systems consist of optic sights, inspection systems, helmet seated displays, and night vision systems. Land-based systems consist of weapon mounted sights, night vision goggles, vehicle-mounted optronics devices, thermal imagers, laser range finders, and designators. Naval based EO/IR systems are infrared imaging and detectors, thermal imagery systems, optronics mast systems, and surveillance & tracking systems.

Nowadays, Long Wavelength Infrared (LWIR) systems are mostly used by military systems to provide armored vehicles with advanced thermal imaging capacities and improved target detection and recognition of range. In case of poor visibility, low light cameras are used for better performance with less power consumption and optimum output. Laser range finders aid in day or night conditions and in nearly all battlefield conditions, including haze, smoke, fog, and rain. Market players are upgrading to EO/laser guidance systems; this is trending towards special military missions, which provide imaging cameras that act both as sight and target seeker for small weapons and missile systems.

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Major Key Players

Raytheon,

Lockheed Martin,

L-7 Communications Holdings, Inc.

BAE Systems Plc.

Thales group,

DRS Technologies,

Northrop Grumman,

Elbit Systems Ltd.,

Harris Corporation,

Rheinmetall Defence AG,

Textron, Rockwell Collins, II-VI, Inc.,

Ultra Electronics Holdings.

The global Military Electro-Optical And Infrared Systems Market is expected to grow at a CAGR of around 7% during 2016-2023.

For combat vehicles, military services are looking for cost effective electronics and electro-optics systems.  The growth is due to the rising demand, changing scenarios of warfare, and innovations in technology in vehicle electronics, which includes RF jamming devices and EO/IR sensors to locate warfare situation. The electronics market is estimated to grow at a CAGR of 1.40% in the next five years, which will drive the EO/IR market immensely.

Military forces have strengthened their power across the globe with huge investments to develop new technology and systems. The market has evolved with a new InGaAs detector system, which allows imaging in SWIR without the necessity of an external cooling system. It also consumes less power and provides images at high frame rates. It also offers real-time detection during the day or low light and it can even be used at room temperature with no moving parts and can produce images through glass and plastic using glass optics.

Upgrade and development in EO/IR systems and technology have enabled 360-degree rotation, 24-hour situational awareness, automated object detection, and guidance for defense gunnery. Systems recognize the targets during day and night and in high and low contrast environments. Furthermore, they combine five sensors to be used together or individually on five separate missions.

Battlefield environments have taken a new technological trend with the LWIR systems, which provide armored vehicles with upgraded thermal imaging capacities and improved target detection, recognition, and identification of the range. The system's imaging capability offers actionable information, vehicle survivability, and crew protection in the war field. Moreover, it provides 15-micron pixel pitch, a 640*512 cooled infrared detector, and enhances radiation signal strength, which enables it to perform better in haze, smoke, and cold environments.

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Intended Audience

• Distributor & Supplier companies
• End-Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

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