
Global Military Electro-optical and Infrared Systems Market Size Study, by Platform, Application, Imaging Technology, Cooling Technology, Sensor Technology, Component, and Regional Forecasts 2022-2032
Description
The Global Military Electro-optical and Infrared (EO/IR) Systems Market was valued at approximately USD 8.25 billion in 2023 and is projected to expand at a CAGR of 4.20% over the forecast period 2024-2032. As modern warfare evolves, the integration of EO/IR systems into defense operations has become indispensable. These advanced sensor technologies enable superior situational awareness, surveillance, target acquisition, and reconnaissance capabilities, enhancing operational effectiveness across multiple military domains. The increasing emphasis on battlefield intelligence, coupled with the demand for high-precision targeting and threat detection, is propelling the adoption of EO/IR systems in land, air, and naval defense applications.
The growing geopolitical tensions and escalating defense budgets worldwide are fueling substantial investments in next-generation EO/IR technologies. Key military forces are integrating these systems into unmanned aerial vehicles (UAVs), combat aircraft, naval vessels, and ground-based platforms to reinforce reconnaissance, intelligence gathering, and missile guidance capabilities. Additionally, advancements in sensor fusion, artificial intelligence (AI)-powered image processing, and infrared (IR) countermeasure technologies are revolutionizing military EO/IR applications. However, challenges such as high procurement costs, sensor calibration complexities, and the need for continuous system upgrades may pose constraints on widespread adoption.
Regionally, North America dominates the military EO/IR systems market, owing to its extensive defense spending, technological leadership, and strong presence of defense contractors. The European market is experiencing steady growth, primarily driven by NATO’s modernization initiatives and increasing procurement of advanced surveillance and targeting systems. Meanwhile, Asia Pacific is witnessing the fastest expansion, as countries like China, India, and Japan enhance their military intelligence and reconnaissance capabilities in response to regional security threats. The Middle East & Africa and Latin America are also emerging as key markets, with growing investments in border surveillance and counterterrorism operations.
The competitive landscape of the Global Military EO/IR Systems Market is shaped by continuous technological advancements, defense modernization programs, and strategic partnerships between government agencies and private defense contractors. Leading players are focused on developing AI-driven targeting systems, high-resolution thermal imaging sensors, and multi-spectral surveillance solutions to meet evolving military requirements. As defense forces prioritize real-time intelligence and precision targeting, the demand for EO/IR systems is expected to surge, reinforcing their role as a critical enabler of modern military operations.
Major Market Players Included in This Report:
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• BAE Systems PLC
• L3Harris Technologies, Inc.
• Northrop Grumman Corporation
• Thales Group
• FLIR Systems, Inc. (Teledyne FLIR)
• Leonardo S.p.A.
• Safran Group
• Elbit Systems Ltd.
• Rheinmetall AG
• ASELSAN A.Ş.
• Hensoldt AG
• Israel Aerospace Industries Ltd. (IAI)
• General Dynamics Corporation
The Detailed Segments and Sub-Segments of the Market Are Explained Below:
By Platform:
• Airborne
o Unmanned Aerial Vehicles (UAVs)
o Fighter Jets
o Helicopters
• Land-Based
o Armored Vehicles
o Soldier Systems
o Ground-based Surveillance
• Naval
o Submarines
o Surface Ships
o Coastal Surveillance
By Application:
• Targeting & Tracking
• Intelligence, Surveillance & Reconnaissance (ISR)
• Missile Guidance
• Navigation & Situational Awareness
• Electronic Warfare
By Imaging Technology:
• Thermal Imaging
• Hyperspectral Imaging
• Multispectral Imaging
By Cooling Technology:
• Cooled Infrared Systems
• Uncooled Infrared Systems
By Sensor Technology:
• Staring Sensors
• Scanning Sensors
By Component:
• Cameras & Sensors
• Infrared Detectors
• Laser Range Finders
• Image Intensifiers
• Control Electronics
• Others
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of Middle East & Africa
Years Considered for the Study:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024-2032
Key Takeaways:
• Market Estimates & Forecasts for 10 years from 2022 to 2032.
• Annualized revenue projections and regional-level analysis for each market segment.
• Comprehensive insights into the geographical landscape with country-level analysis.
• Competitive analysis of major market players and their strategic developments.
• In-depth analysis of market dynamics, challenges, trends, and growth opportunities.
• Recommendations on business strategies to capitalize on emerging market trends.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
The growing geopolitical tensions and escalating defense budgets worldwide are fueling substantial investments in next-generation EO/IR technologies. Key military forces are integrating these systems into unmanned aerial vehicles (UAVs), combat aircraft, naval vessels, and ground-based platforms to reinforce reconnaissance, intelligence gathering, and missile guidance capabilities. Additionally, advancements in sensor fusion, artificial intelligence (AI)-powered image processing, and infrared (IR) countermeasure technologies are revolutionizing military EO/IR applications. However, challenges such as high procurement costs, sensor calibration complexities, and the need for continuous system upgrades may pose constraints on widespread adoption.
Regionally, North America dominates the military EO/IR systems market, owing to its extensive defense spending, technological leadership, and strong presence of defense contractors. The European market is experiencing steady growth, primarily driven by NATO’s modernization initiatives and increasing procurement of advanced surveillance and targeting systems. Meanwhile, Asia Pacific is witnessing the fastest expansion, as countries like China, India, and Japan enhance their military intelligence and reconnaissance capabilities in response to regional security threats. The Middle East & Africa and Latin America are also emerging as key markets, with growing investments in border surveillance and counterterrorism operations.
The competitive landscape of the Global Military EO/IR Systems Market is shaped by continuous technological advancements, defense modernization programs, and strategic partnerships between government agencies and private defense contractors. Leading players are focused on developing AI-driven targeting systems, high-resolution thermal imaging sensors, and multi-spectral surveillance solutions to meet evolving military requirements. As defense forces prioritize real-time intelligence and precision targeting, the demand for EO/IR systems is expected to surge, reinforcing their role as a critical enabler of modern military operations.
Major Market Players Included in This Report:
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• BAE Systems PLC
• L3Harris Technologies, Inc.
• Northrop Grumman Corporation
• Thales Group
• FLIR Systems, Inc. (Teledyne FLIR)
• Leonardo S.p.A.
• Safran Group
• Elbit Systems Ltd.
• Rheinmetall AG
• ASELSAN A.Ş.
• Hensoldt AG
• Israel Aerospace Industries Ltd. (IAI)
• General Dynamics Corporation
The Detailed Segments and Sub-Segments of the Market Are Explained Below:
By Platform:
• Airborne
o Unmanned Aerial Vehicles (UAVs)
o Fighter Jets
o Helicopters
• Land-Based
o Armored Vehicles
o Soldier Systems
o Ground-based Surveillance
• Naval
o Submarines
o Surface Ships
o Coastal Surveillance
By Application:
• Targeting & Tracking
• Intelligence, Surveillance & Reconnaissance (ISR)
• Missile Guidance
• Navigation & Situational Awareness
• Electronic Warfare
By Imaging Technology:
• Thermal Imaging
• Hyperspectral Imaging
• Multispectral Imaging
By Cooling Technology:
• Cooled Infrared Systems
• Uncooled Infrared Systems
By Sensor Technology:
• Staring Sensors
• Scanning Sensors
By Component:
• Cameras & Sensors
• Infrared Detectors
• Laser Range Finders
• Image Intensifiers
• Control Electronics
• Others
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of Middle East & Africa
Years Considered for the Study:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024-2032
Key Takeaways:
• Market Estimates & Forecasts for 10 years from 2022 to 2032.
• Annualized revenue projections and regional-level analysis for each market segment.
• Comprehensive insights into the geographical landscape with country-level analysis.
• Competitive analysis of major market players and their strategic developments.
• In-depth analysis of market dynamics, challenges, trends, and growth opportunities.
• Recommendations on business strategies to capitalize on emerging market trends.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
285 Pages
- Chapter 1. Global Military Electro-optical and Infrared Systems Market Executive Summary
- 1.1. Global Military Electro-optical and Infrared Systems Market Size & Forecast (2022–2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Platform
- 1.3.2. By Application
- 1.3.3. By Imaging Technology
- 1.3.4. By Cooling Technology
- 1.3.5. By Sensor Technology
- 1.3.6. By Component
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Military Electro-optical and Infrared Systems Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Military Electro-optical and Infrared Systems Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Emphasis on Battlefield Intelligence
- 3.1.2. Rising Demand for High-Precision Targeting & Threat Detection
- 3.1.3. Growing Geopolitical Tensions
- 3.2. Market Challenges
- 3.2.1. High Procurement & Maintenance Costs
- 3.2.2. Sensor Calibration Complexities & Continuous Upgrade Requirements
- 3.2.3. Potential Regulatory & Export Constraints
- 3.3. Market Opportunities
- 3.3.1. Advancements in Sensor Fusion & AI-Powered Image Processing
- 3.3.2. Expansion of Border Surveillance & Counterterrorism Operations
- 3.3.3. Increasing Demand for Multi-Spectral & Hyperspectral Imaging
- Chapter 4. Global Military Electro-optical and Infrared Systems Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Military Electro-optical and Infrared Systems Market Size & Forecasts by Platform 2022–2032
- 5.1. Segment Dashboard
- 5.2. Global Military Electro-optical and Infrared Systems Market: By Platform Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Airborne
- 5.2.1.1. Unmanned Aerial Vehicles (UAVs)
- 5.2.1.2. Fighter Jets
- 5.2.1.3. Helicopters
- 5.2.2. Land-Based
- 5.2.2.1. Armored Vehicles
- 5.2.2.2. Soldier Systems
- 5.2.2.3. Ground-based Surveillance
- 5.2.3. Naval
- 5.2.3.1. Submarines
- 5.2.3.2. Surface Ships
- 5.2.3.3. Coastal Surveillance
- Chapter 6. Global Military Electro-optical and Infrared Systems Market Size & Forecasts by Application 2022–2032
- 6.1. Segment Dashboard
- 6.2. Global Military Electro-optical and Infrared Systems Market: By Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Targeting & Tracking
- 6.2.2. Intelligence, Surveillance & Reconnaissance (ISR)
- 6.2.3. Missile Guidance
- 6.2.4. Navigation & Situational Awareness
- 6.2.5. Electronic Warfare
- Chapter 7. Global Military Electro-optical and Infrared Systems Market Size & Forecasts by Imaging Technology 2022–2032
- 7.1. Segment Dashboard
- 7.2. Global Military Electro-optical and Infrared Systems Market: By Imaging Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Thermal Imaging
- 7.2.2. Hyperspectral Imaging
- 7.2.3. Multispectral Imaging
- Chapter 8. Global Military Electro-optical and Infrared Systems Market Size & Forecasts by Cooling Technology 2022–2032
- 8.1. Segment Dashboard
- 8.2. Global Military Electro-optical and Infrared Systems Market: By Cooling Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Cooled Infrared Systems
- 8.2.2. Uncooled Infrared Systems
- Chapter 9. Global Military Electro-optical and Infrared Systems Market Size & Forecasts by Sensor Technology 2022–2032
- 9.1. Segment Dashboard
- 9.2. Global Military Electro-optical and Infrared Systems Market: By Sensor Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 9.2.1. Staring Sensors
- 9.2.2. Scanning Sensors
- Chapter 10. Global Military Electro-optical and Infrared Systems Market Size & Forecasts by Component 2022–2032
- 10.1. Segment Dashboard
- 10.2. Global Military Electro-optical and Infrared Systems Market: By Component Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 10.2.1. Cameras & Sensors
- 10.2.2. Infrared Detectors
- 10.2.3. Laser Range Finders
- 10.2.4. Image Intensifiers
- 10.2.5. Control Electronics
- 10.2.6. Others
- Chapter 11. Global Military Electro-optical and Infrared Systems Market Size & Forecasts by Region 2022–2032
- 11.1. North America Military Electro-optical and Infrared Systems Market
- 11.1.1. U.S. Military Electro-optical and Infrared Systems Market
- 11.1.1.1. By Platform Breakdown, 2022–2032
- 11.1.1.2. By Application Breakdown, 2022–2032
- 11.1.1.3. By Imaging Technology Breakdown, 2022–2032
- 11.1.1.4. By Cooling Technology Breakdown, 2022–2032
- 11.1.1.5. By Sensor Technology Breakdown, 2022–2032
- 11.1.1.6. By Component Breakdown, 2022–2032
- 11.1.2. Canada Military Electro-optical and Infrared Systems Market
- 11.1.2.1. By Platform Breakdown, 2022–2032
- 11.1.2.2. By Application Breakdown, 2022–2032
- 11.1.2.3. By Imaging Technology Breakdown, 2022–2032
- 11.1.2.4. By Cooling Technology Breakdown, 2022–2032
- 11.1.2.5. By Sensor Technology Breakdown, 2022–2032
- 11.1.2.6. By Component Breakdown, 2022–2032
- 11.2. Europe Military Electro-optical and Infrared Systems Market
- 11.2.1. U.K. Military Electro-optical and Infrared Systems Market
- 11.2.2. Germany Military Electro-optical and Infrared Systems Market
- 11.2.3. France Military Electro-optical and Infrared Systems Market
- 11.2.4. Spain Military Electro-optical and Infrared Systems Market
- 11.2.5. Italy Military Electro-optical and Infrared Systems Market
- 11.2.6. Rest of Europe Military Electro-optical and Infrared Systems Market
- 11.3. Asia Pacific Military Electro-optical and Infrared Systems Market
- 11.3.1. China Military Electro-optical and Infrared Systems Market
- 11.3.2. India Military Electro-optical and Infrared Systems Market
- 11.3.3. Japan Military Electro-optical and Infrared Systems Market
- 11.3.4. Australia Military Electro-optical and Infrared Systems Market
- 11.3.5. South Korea Military Electro-optical and Infrared Systems Market
- 11.3.6. Rest of Asia Pacific Military Electro-optical and Infrared Systems Market
- 11.4. Latin America Military Electro-optical and Infrared Systems Market
- 11.4.1. Brazil Military Electro-optical and Infrared Systems Market
- 11.4.2. Mexico Military Electro-optical and Infrared Systems Market
- 11.4.3. Rest of Latin America Military Electro-optical and Infrared Systems Market
- 11.5. Middle East & Africa Military Electro-optical and Infrared Systems Market
- 11.5.1. Saudi Arabia Military Electro-optical and Infrared Systems Market
- 11.5.2. UAE Military Electro-optical and Infrared Systems Market
- 11.5.3. South Africa Military Electro-optical and Infrared Systems Market
- 11.5.4. Rest of Middle East & Africa Military Electro-optical and Infrared Systems Market
- Chapter 12. Competitive Intelligence
- 12.1. Key Company SWOT Analysis
- 12.1.1. Lockheed Martin Corporation
- 12.1.2. Raytheon Technologies Corporation
- 12.1.3. BAE Systems PLC
- 12.2. Top Market Strategies
- 12.3. Company Profiles
- 12.3.1. L3Harris Technologies, Inc.
- 12.3.1.1. Key Information
- 12.3.1.2. Overview
- 12.3.1.3. Financial (Subject to Data Availability)
- 12.3.1.4. Product Summary
- 12.3.1.5. Market Strategies
- 12.3.2. Northrop Grumman Corporation
- 12.3.3. Thales Group
- 12.3.4. FLIR Systems, Inc. (Teledyne FLIR)
- 12.3.5. Leonardo S.p.A.
- 12.3.6. Safran Group
- 12.3.7. Elbit Systems Ltd.
- 12.3.8. Rheinmetall AG
- 12.3.9. ASELSAN A.Ş.
- 12.3.10. Hensoldt AG
- 12.3.11. Israel Aerospace Industries Ltd. (IAI)
- 12.3.12. General Dynamics Corporation
- Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- List of Tables
- TABLE 1. Global Military Electro-optical and Infrared Systems market, report scope
- TABLE 2. Global Military Electro-optical and Infrared Systems market estimates & forecasts by Region 2022–2032 (USD Million/Billion)
- TABLE 3. Global Military Electro-optical and Infrared Systems market estimates & forecasts by Platform 2022–2032 (USD Million/Billion)
- TABLE 4. Global Military Electro-optical and Infrared Systems market estimates & forecasts by Application 2022–2032 (USD Million/Billion)
- TABLE 5. Global Military Electro-optical and Infrared Systems market estimates & forecasts by Imaging Technology 2022–2032 (USD Million/Billion)
- TABLE 6. Global Military Electro-optical and Infrared Systems market estimates & forecasts by Cooling Technology 2022–2032 (USD Million/Billion)
- TABLE 7. Global Military Electro-optical and Infrared Systems market estimates & forecasts by Sensor Technology 2022–2032 (USD Million/Billion)
- TABLE 8. Global Military Electro-optical and Infrared Systems market estimates & forecasts by Component 2022–2032 (USD Million/Billion)
- TABLE 9. Global Military Electro-optical and Infrared Systems market by segment, estimates & forecasts, 2022–2032 (USD Million/Billion)
- TABLE 10. Global Military Electro-optical and Infrared Systems market by region, estimates & forecasts, 2022–2032 (USD Million/Billion)
- TABLE 11. Global Military Electro-optical and Infrared Systems market by segment, estimates & forecasts, 2022–2032 (USD Million/Billion)
- TABLE 12. Global Military Electro-optical and Infrared Systems market by region, estimates & forecasts, 2022–2032 (USD Million/Billion)
- TABLE 13. North America Military Electro-optical and Infrared Systems market estimates & forecasts, 2022–2032 (USD Million/Billion)
- TABLE 14. Europe Military Electro-optical and Infrared Systems market estimates & forecasts, 2022–2032 (USD Million/Billion)
- TABLE 15. Asia Pacific Military Electro-optical and Infrared Systems market estimates & forecasts, 2022–2032 (USD Million/Billion)
- TABLE 16. Latin America Military Electro-optical and Infrared Systems market estimates & forecasts, 2022–2032 (USD Million/Billion)
- TABLE 17. Middle East & Africa Military Electro-optical and Infrared Systems market estimates & forecasts, 2022–2032 (USD Million/Billion) …
- Note: This list is not exhaustive. Final report contains 100+ tables.
- List of Figures
- FIGURE 1. Global Military Electro-optical and Infrared Systems market, research methodology
- FIGURE 2. Global Military Electro-optical and Infrared Systems market, market estimation techniques
- FIGURE 3. Global market size estimates & forecast methods
- FIGURE 4. Global Military Electro-optical and Infrared Systems market, key trends 2023
- FIGURE 5. Global Military Electro-optical and Infrared Systems market, growth prospects 2022–2032
- FIGURE 6. Global Military Electro-optical and Infrared Systems market, Porter’s 5 force model
- FIGURE 7. Global Military Electro-optical and Infrared Systems market, PESTEL analysis
- FIGURE 8. Global Military Electro-optical and Infrared Systems market, value chain analysis
- FIGURE 9. Global Military Electro-optical and Infrared Systems market by segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 10. North America Military Electro-optical and Infrared Systems market 2022 & 2032 (USD Million/Billion)
- FIGURE 11. Europe Military Electro-optical and Infrared Systems market 2022 & 2032 (USD Million/Billion)
- FIGURE 12. Asia Pacific Military Electro-optical and Infrared Systems market 2022 & 2032 (USD Million/Billion)
- FIGURE 13. Latin America Military Electro-optical and Infrared Systems market 2022 & 2032 (USD Million/Billion)
- FIGURE 14. Middle East & Africa Military Electro-optical and Infrared Systems market 2022 & 2032 (USD Million/Billion)
- FIGURE 15. Global Military Electro-optical and Infrared Systems market, company market share analysis (2023) …
- Note: This list is not exhaustive. Final report contains 50+ figures.
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