Electro optical systems or infrared systems constitute imaging
systems primarily used by law enforcement and military departments for achieving
better situational awareness of environments, during daytime and nights, and
even in conditions of low light. Comprising of infrared sensors as well as
electro-optical sensors, the EO systems are capable of offering precise optical
data during the day and night. An electro-optical sensor is capable of changing
light into electric signal, while the infrared sensor can identify any
structure in its vicinity through the detection or emission of infrared
The Military Electro Optical And Infrared Systems market will change significantly from the previous year. Over the next five years, will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.
The global Military Electro Optical And Infrared Systems Market based on platform type is bifurcated into air, land and naval. On the basis of system type, the market is bifurcated into targeting system, imaging system and electronic support measures. Based on sensor technology type, the market is segregated into scanning sensor and staring sensor. On the basis of imaging technology, the market is bifurcated into hyper spectral and multi spectral.
The Major Players In The Military Electro Optical And Infrared Systems Market Include:
Northrop Grumman, Lockheed Martin, Finmeccanica, Excelitas Technologies, Raytheon, Elbit Systems, Airbus, Thales Group, Bae Systems
Market has segmented the global Military Electro Optical And Infrared Systems market on the basis of type, application, and region:
The Military Electro Optical And Infrared Systems market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
· Electronic Support Measure
· Imaging System
· Land Vehicle
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Military Electro Optical And Infrared Systems Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Report covered the major key points: