Market Report, "Global Military Electro-optical and Infrared Systems Market 2015-2019", published
New Defense research report from TechNavio is now available from Fast Market Research
[USPRwire, Wed Sep 02 2015] EO/IR systems are essential for military industries. These are used by military platforms like airborne, land-based and naval. Some of the airborne EO/IR systems include optic sights, observation systems, helmet mounted displays, night vision systems. Land-based EO/IR systems include night vision goggles, weapon mounted sights, vehicle-mounted optronics devices, thermal imagers, laser rang finders and designators. Naval based EO/IR systems are infrared imaging and detectors, thermal imagery systems, optronics mast system, surveillance and tracking systems. These systems aid in the war field scenario by providing with better visibility, tracking and targeting enemy locations.
Technavio analysts forecast the global military electro-optical and infrared systems market to grow at a CAGR of 6.07% during 2015-2019.
Commenting on the report, an analyst from Technavio's team said, "One major trend in this market is the shift toward LWIR system. Battlefield environments have taken a new technological trend with the LWIR systems, which provide armored vehicles with upgraded thermal imaging capacities and improved target detection, recognition, and identification of the range. "
According to the report, one key driver of this market is the growing demand for vetronics. Of late, military organizations are opting for cost-effective electronics and electro-optic systems for combat vehicles. The growth is led by rising demand, the changing nature of warfare, and advances in technology in vehicle electronics, which involves RF jamming devices and EO/IR sensors to help identify the warfare situation.
Further, the report states that one of the major challenges is the issues with unmanned systems. Unmanned systems have become an integral part of military operations. These systems are used by a variety of platforms such as airborne, land-based, and naval. But they are heavily depended on EO/IR systems to see and avoid obstacles, detect movement, navigate accurately, find the enemy, and warn on the explosive devices.
The key players in the Global Military Electro-optical and Infrared Systems Market are BAE Systems, ELBIT Systems, Lockheed Martin, Raytheon and Thales while other prominent vendors include Northrop Grumman, Rockwell Collins, UTC Aerospace, L-3 Communications and General Dynamics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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