IMARC Group’s latest report, titled “Military Electro-optical and Infrared Systems Market Report by Platform (Air-Based, Sea-Based, Land-Based), System (Targeting System, Electronic Support Measure (ESM) System, Imaging System), Sensor Type (Staring Sensor, Scanning Sensor), Technology (Cooled, Uncooled), Wavelength (Ultraviolet, Near Infrared, Short and Medium Wavelength Infrared, Long Wavelength Infrared), and Region 2025-2033”, finds that the global military electro-optical and infrared systems market reached a value of USD 10.7 Billion in 2024. Military electro-optical (EO) and infrared (IR) systems are imaging systems used for military or law enforcement applications for providing total situational awareness in both day and night and low light conditions. These systems include both visible and infrared sensors that are usually mounted on aircraft or vehicles to track moving targets, identify them and assess threats from a distance and challenging environmental conditions. Some of the applications of EO/IR systems include airborne homeland security, patrol, combat, reconnaissance, surveillance, and search and rescue programs. In recent years, the deployment of military EO/IR solutions for unmanned vehicles has escalated due to their long-range imaging abilities and image stabilization.
Global Military Electro-optical and Infrared Systems Market Trends:
The increasing territorial conflicts and border issues have encouraged armed forces to focus on incorporating sophisticated and advanced EO/IR sensor systems into their naval vessels. Besides this, governments of various countries are investing considerably in the defense sector and advanced weapon systems, which is further contributing to the market growth. Moreover, several technological advancements and innovations, such as the rising adoption of computational imaging, by the manufacturers are providing a positive impact on the market growth. They are also introducing EO/IR technologies that fit smaller payloads, including traditional drones. Looking forward, the market value is projected to reach USD 14.4 Billion by 2033, expanding at a CAGR of 3.15% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Platform, System, Sensor Type, Technology, Wavelength, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., Israel Aerospace Industries, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB and Thales Group |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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