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Global Military Electro-Optical/Infrared (EO/IR) Systems Market 2017-2027

Global Military Electro-Optical/Infrared (EO/IR) Systems Market 2017-2027

Summary

Global military EO/IR systems market is expected to be worth US$11 Billion in 2017 and is expected increase to US$14.3 Billion by 2027, representing a CAGR of 2.64% during the forecast period. Rapidly changing requirements of military forces for traditional and emerging war techniques, the heightened need for Intelligence, Surveillance and Reconnaissance (ISR) activities and modernisation initiatives being undertaken by defence ministries across the world are boosting the demand for military EO/IR systems globally.

In terms of categories, airborne military EO/IR systems is expected to account for the highest proportion of spending, followed by markets for ground and naval based systems. With the rapidly growing implementation and deployment of Network Centric Warfare (NCW), demand for sensors to be used in intelligence, surveillance, and reconnaissance and observation platforms have surged over the years. This in turn has led to a rise in demand for airborne military EO/IR systems globally. Over the forecast period airborne military EO/IR systems are projected to account for a leading share of 64.1% in the global market.

During 2017-2027, North America is expected to lead the global military EO/IR systems market with cumulative expenditure of US$40.5 Billion. The spending in the region will be largely driven by the ongoing and future procurement programs of the US, which comprises a large majority of the region’s overall investment on electro-optical systems,. The country is expected to continue to invest robustly on military procurements, including aircraft, helicopters, armored vehicles, naval vessels, UAVs and submarines, which in turn will drive the demand for related EO/IR systems.

The North American market will be closely followed by the Asia Pacific region which is estimated to be the second highest spender on military EO/IR systems during 2017-2027. With cumulative spending of US$38.9 Billion, the Asia Pacific region is also projected to be the highest growing market during the forecast period. Emerging economies in the region, such as India and China, are witnessing increasing defense expenditure, which in turn is projected to lead to an increased spending on military equipment, such as aircraft, military vehicles and naval vessels, along with related EO/IR systems. Besides, the need for advanced situational awareness and information dissemination abilities is also driving the development and procurement of several EO/IR based aircraft, rotorcraft, and UAV payload systems, which provide capabilities such as relatively low-cost enhanced ISR and combat search and rescue (CSAR).

The report “Global Military Electro-Optical/Infrared (EO/IR) Systems Market 2017-2027” report offers detailed analysis of the Global Military EO/IR Systems Market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for military EO/IR Systems. Additionally, the report also highlights challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -
- Overview: Snapshot of the military EO/IR systems market during 2017-2027, including highlights of the demand drivers, trends and challenges. It also provides a snapshot of the spending with respect to regions as well as segments.
- Market Dynamics: Insights into the technological developments in the military EO/IR systems market and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants.
- Segment Analysis: Insights into the military EO/IR systems market from a segmental perspective and a detailed analysis of factors influencing the market for each sector.
- Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region.
- Regional Analysis: Insights into the military EO/IR systems market from a regional perspective and a detailed analysis of factors influencing the market for each region.
- Trend Analysis - Key Defense Market: Analysis of the key markets in each region, providing an analysis of the military EO/IR systems segments expected to be in demand in each region.
- Key Program Analysis: Details of the top programs in each segment expected to be executed during the forecast period.
- Competitive landscape analysis: Analysis of competitive landscape of the global military EO/IR systems industry. It provides an overview of key defense companies, together with insights such as key alliances, strategic initiatives and a brief financial analysis.

Companies mentioned in this report: Northrop Grumman, DRS Technologies, Elbit Systems, BAE Systems, FLIR Systems, L-3 Technologies, Lockheed Martin, Raytheon, Thales, Selex, Corning, Cubic Global Defense.

Scope

- The global military EO/IR systems market, valued at US$11 billion in 2017, is projected to grow at a CAGR of 2.64% over the forecast period, to reach US$14.3 billion by 2027 and cumulatively value US$123.6 billion. 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 64.1% of the market, followed by ground-based and naval segments with shares of 28.5% and 7.4% respectively. North America is projected to dominate the sector with a share of 32.8%, followed by Asia Pacific, with an estimated share of 31.4%

Reasons 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


Executive Summary
Global Military Electro-Optical/Infrared (EO/IR) Systems Market -Overview
Market Dynamics
Demand Drivers: Analysis of factors that trigger spending within the sector
Trends: Prevalent practices, industry consolidation and procurement patterns within the market
Technological Developments : New products, processes and innovations recently inducted within the sector
Key Challenges: Obstacles affecting sector growth
Military Electro-Optical/Infrared (EO/IR) Systems Market -Segment Analysis
Segment Analysis: Airborne
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: Ground-based
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Segment Analysis: Naval
Market size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Regional Review
Defense capital expenditure
Capexforecast, 2017-2027
Factors influencing military modernization programs
Military Electro-Optical/Infrared (EO/IR) Systems Market -Regional Analysis
Regional overview
Factors driving spending within the region
Regional expenditure on each sub-segment , 2017-2027
Market Size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Trend Analysis -Key Defense Markets
Country -wise breakdown of expenditure for each region
Sub-segment wise analysis for each country
Major Programs for each country
Market Size and CAGR growth analysis, 2017-2027
Change in market share, 2017-2027
Key Programs Analysis
Description of key programs
Delivery period, units and total expenditure
Competitive Landscape Analysis
Competitive analysis -12 leading companies
Major Products and Services
Major Alliances and Recent Contracts
Financial Analysis covering Revenue, Operating Profit and Net Profit
List of Tables
Military EO/IR Systems Market Size by Segment
Military EO/IR Systems Market Size by Region
Country Analysis: US
Key Programs: US
Country Analysis: China
Country Analysis: India
Key Programs: India
Country Analysis: Australia
Key Programs: Australia
Country Analysis: Russia
Key Programs: Russia
Country Analysis: UK
Key Programs: UK
Country Analysis: France
Key Programs: France
Country Analysis: Saudi Arabia
Key Programs: Saudi Arabia
Country Analysis: UAE
Key Programs: UAE
Country Analysis: Brazil
Country Analysis: Algeria
Program Analysis: Electro-optic systems -F-35 Joint Strike Fighter (JSF) Program
Program Analysis: JUSTAS Airborne EO/IR Systems
Program Analysis: EO/IR systems -Large Aircraft Infrared Countermeasures (LAIRCM) program
Program Analysis: Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS)
Program Analysis: Night Vision Goggles
Program Analysis: Battle Tanks thermal-imaging and night-vision devices
Program Analysis: MATIS Imager
Program Analysis: Hand held imager-miniaturized long range (HHI-Mini LR) systems
Profile: Northrop Grumman Corporation
Profile: Northrop Grumman Corporation -Key Ratios
Profile: Northrop Grumman Corporation -Contracts
Profile: DRS Technologies
Profile: DRS Technologies -Alliances
Profile: DRS Technologies -Contracts
Profile: ElbitSystems Ltd.
Profile: ElbitSystems Ltd. -Key Ratios
Profile: ElbitSystems Ltd. -Alliances
Profile: ElbitSystems Ltd. -Contracts
Profile: BAE Systems
Profile: BAE Systems -Key Ratios
Profile: BAE Systems -Alliances & Contracts
Profile: FLIR Systems
Profile: FLIR Systems -Key Ratios
Profile: FLIR Systems -Alliances & Contracts
Profile: L-3 Technologies
Profile: L-3 Technologies -Key Ratios
Profile: L-3 Technologies -Contracts
Profile: Lockheed Martin Corporation
Profile: Lockheed Martin Corporation -Key Ratios
Profile: Lockheed Martin Corporation -Contracts
Profile: Raytheon
Profile: Raytheon -Key Ratios
Profile: Raytheon -Alliances & Contracts
Profile: Thales
Profile: Thales -Key Ratios
Profile: Thales -Alliances & Contracts
Profile: Selex ES
Profile: Selex ES -Contracts
Profile: Corning
Profile: Corning -Key Ratios
Profile: Corning -Alliances
Profile: Cubic Global Defense
Profile: Cubic Global Defense-Contracts
List of Figures
Global Military Electro-optical/Infrared (EO/IR) Systems Market : Key Statistics
Global Military Electro-optical/Infrared (EO/IR) Systems Market by Region and Segment
Global Military Electro-optical/Infrared (EO/IR) Systems Market by Segment (%), 2017 -2027
Market Size -Airborne Electro-optical/Infrared (EO/IR) Systems (US$ Billion) 2017-2027
Change in Market share : 2017-2027
Market Size -Ground Electro-optical/Infrared (EO/IR) Systems (US$ Billion), 2017-2027
Change in Market share : 2017-2027
Market Size -Naval Electro-optical/Infrared (EO/IR) Systems (US$ Million), 2017-2027
Change in Market share : 2017-2027
CAPEX : North America
CAPEX : Asia Pacific
CAPEX : Europe
CAPEX : Middle East
CAPEX : Latin America
CAPEX : Africa
Global Military Electro-optical/Infrared (EO/IR) Systems Market by Region (%), 2017 -2027
Regional Analysis: Overview
North America Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Billion), 2017-2027
Change in Market share : 2017-2027
Asia Pacific Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Billion), 2017-2027
Change in Market share : 2017-2027
Europe Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Billion), 2017-2027
Change in Market share : 2017-2027
Middle East Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Billion), 2017-2027
Change in Market share : 2017-2027
Latin America Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market share : 2017-2027
Africa Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market share : 2017-2027
Country Analysis: Overview
US Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Billion), 2017 -2027
US Military Electro-optical/Infrared (EO/IR) Systems Market, By Segment (%), 2017-2027
US Airborne Electro-optical/Infrared (EO/IR) Systems Market (US$ Billion), 2017-2027
Change in Market Share : 2017-2027
US Ground Electro-optical/Infrared (EO/IR) Systems Market (US$ Billion), 2017-2027
Change in Market Share : 2017-2027
US Naval Electro-optical/Infrared (EO/IR) Systems Market (US$ Billion), 2017-2027
Change in Market Share : 2017-2027
China Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017 -202
China Military Electro-optical/Infrared (EO/IR) Systems Market by Segment (%), 2017 -2027
China Airborne Electro-optical/Infrared (EO/IR) Systems Market Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
China Ground Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
China Naval Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
India Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017 -2027
India Military Electro-optical/Infrared (EO/IR) Systems Market by Segment (%), 2017 -2027
India Airborne Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
India Ground Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
India Naval Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Australia Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017 -2027
Australia Military Electro-optical/Infrared (EO/IR) Systems Market by Segment (%), 2017 -2027
Australia Ground Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Australia Airborne Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Australia Naval Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Russia Military Electro-optical (EO/IR) Systems Market (US$ Million), 2017 -2027
Russia Military Electro-optical (EO/IR) Systems Market by Segment (%), 2017 -2027
Russia Airborne Electro-optical (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Russia Ground Electro-optical (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Russia Naval Electro-optical (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
UK Military Electro-optical (EO/IR) Systems Market (US$ Million), 2017 -2027
UK Military Electro-optical (EO/IR) Systems Market by Segment (%), 2017 -2027
UK Airborne Electro-optical (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
UK Ground Electro-optical (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
UK Naval Electro-optical (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
France Military Electro-optical (EO/IR) Systems Market (US$ Million), 2017 -2027
France Military Electro-optical (EO/IR) Systems Market by Segment (%), 2017 -2027
France Airborne Electro-optical (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
France Ground Electro-optical (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Saudi Arabia Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017 -2027
Saudi Arabia Military Electro-optical/Infrared (EO/IR) Systems Market by Segment (%) 2017 -2027
Saudi Arabia Ground Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017 -2027
Change in Market Share : 2017-2027
Saudi Arabia Airborne Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
UAE Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017 -2027
UAE Military Electro-optical/Infrared (EO/IR) Systems Market by Segment (%) 2017 -2027
UAE Airborne Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
UAE Ground Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Brazil Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017 -2027
Brazil Military Electro-optical/Infrared (EO/IR) Systems Market by Segment (%) 2017 -2027
Brazil Ground Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Brazil Airborne Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Brazil Naval Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Algeria Military Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017 -2027
Algeria Military Electro-optical/Infrared (EO/IR) Systems Market by Segment (%) 2017 -2027
Algeria Ground Electro-optical/Infrared (EO/IR) Systems Market (US$ Million), 2017-2027
Change in Market Share : 2017-2027
Profile: The Northrop Grumman Corporation -Financial Analysis
Profile: ElbitSystems Ltd. -Financial Analysis
Profile: BAE Systems Plc. -Financial Analysis
Profile: FLIR Systems, Inc. -Financial Analysis
Profile: L-3 Technologies -Financial Analysis
Profile: Lockheed Martin Corporation -Financial Analysis
Profile: Raytheon Company -Financial Analysis
Profile: Thales -Financial Analysis
Profile: Corning, Inc. -Financial Analysis

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