Military Electro-Optical and Infrared (EOIR) Systems Market.
Military Electro-Optical and Infrared (EOIR) Systems market overview.
The most important aspect of military operations is electro-optical and infrared equipment. These systems consist of a diverse set of discrete technologies focused on mission requirements and target acquisition. The global military electro-optical and infrared (EOIR) systems market is anticipated to rise at a considerable rate during the forecast period.
Advances in sensor technology have led to the consolidation of the capabilities of multi-sensor electro-optic target pods such as the market. Furthermore, the global market for military electro-optical and infrared systems is expected to increase significantly during the forecast period owing to significant changes in the manufacturing of sub-components and components in these systems.
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In addition, increasing concerns about the development of low-cost cooling technologies have increased the potential for cooled thermal imaging camera manufacturers. It has also spurred the adoption of electro-optical and infrared systems in the defense industry, as thermal imager sensors are likely to improve surveillance capabilities and target detection of tasked UAVs. This fact supports the development of the global market for military electro-optical and infrared systems (EOIR).
Impact of Covid-19 on the Military Electro-Optical and Infrared (EOIR) Systems Market.
As the COVID-19 pandemic continues its impact around the world, many defense and aerospace companies are facing its impact globally during this time. For example, commercial airlines in the US, France, Germany and Canada are facing disruptions in the production process and lower demand as staff stay at home, passengers stop traveling and new aircraft deliveries are delayed. Analysts expect a drop from 3,000 to 4,000 aircraft during the pandemic. On the defense side, contractors working in this sector are in a better position, so the impact of the pandemic is likely to be small in the short to medium term. However, the low demand due to budget constraints affects production as in aircraft construction.
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Based on platform type, the Air is the largest segment on the market. Observation systems, targeting optics, night vision systems, and helmet-mounted displays are examples of airborne electro-optical and infrared systems. In addition, weapon-mounted sights, night vision goggles, vehicle-mounted optronics, laser rangefinders, thermal imaging devices, and designators are all examples of land-based electro-optical and infrared systems. In addition, infrared imaging and detectors, thermal imaging systems, surveillance and tracking systems, and optronics mast systems are all part of the Navy’s electro-optical and infrared system. These technologies help in combat zones by increasing visibility.
Military Electro-Optical and Infrared (EOIR) Systems Market by Platform Type
Military Electro-Optical and Infrared (EOIR) Systems Market by System Type
· Target system
· Imaging system
· Electronic support measures
Military Electro-Optical and Infrared (EOIR) Systems Market by Sensor Technology Type
· Scanning sensor
· Gaze sensor
Military Electro-Optical and Infrared (EOIR) Systems Market by Imaging Technology
Regional overview of the military electro-optical and infrared (EOIR) systems market.
Geographically, North America holds a large market share and is expected to maintain its dominance over the forecast period. The US is the leading market in North America due to its high spending on procurement and development of electro-optical systems for various military platforms such as armored vehicles, airplanes, naval vessels, unmanned aerial vehicles, helicopters and submarines. Additionally, most of the R&D for this technology is focused on creating lightweight, inexpensive, and resilient systems capable of serious operations. This factor ultimately supports the market growth. Additionally, Asia-Pacific would be the fastest expanding region during the projected period as China, India and Japan are set to fuel the region’s growth.
Military Electro-Optical And Infrared (EOIR) Systems Market By Geography
North America (USA & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia and South Korea and rest of Asia Pacific)
LAMEA (Brazil, Saudi Arabia, UAE and rest of LAMEA)
Military Electro-Optical and Infrared (EOIR) Systems Market, Major Players
· BAE systems
· Elbit systems
· Lockheed Martin
· CONTROP precision technologies
· DRS Technologies
· General dynamics
· Israeli aerospace industry
· L-3 communication
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