Market Forecast 2014-2024
Electro-optical (EO) imagery, infrared imaging, night vision systems and laser range finding systems provide militaries with unique battlefield capabilities.
In particular, EO/IR systems are integral to the intelligence, surveillance and reconnaissance (ISR) and intelligence, surveillance, target acquisition and reconnaissance (ISTAR) capabilities of modern military forces.
Increasingly, EO/IR capabilities are seen as a critical force multiplier, enabling a flexible deployment of targeted military force based on accurate and timely surveillance and reconnaissance.
Visiongain therefore forecasts rising global demand for military EO/IR systems over the period 2014-2024. Established military markets in North America and Europe will lead the market in terms of technology and research and development (R&D).
However, established military markets will generally achieve lower rates of growth in comparison to emerging military powers whose investment will drive global spending.
In particularly, the increased affordability of EO/IR systems combined with their interoperability and mission critical functions will lead emerging military nations to integrate them into new procurement and military modernisation programmes.
Visiongain has calculated that the military electro-optical infrared (EO/IR) systems market will reach $8.38bn in 2014.
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What are Military EO/IR Systems?
Visiongain defines the military electro-optical infrared (EO/IR) systems market as powered systems that use both visible and non-visible light to provide visual feedback to military personnel or are integrated with other military systems.
It includes three broad applications of EO/IR systems on airborne, ground or naval platforms.
Visiongain’s definition seeks to encapsulate the vital force multiplying functions provided by EO/IR systems as technological advancements in force projection.
Consequently, the report covers a range of EO/IR systems that are broadly subsumed under the categorisation of intelligence, surveillance, target acquisition and reconnaissance (ISTAR) capabilities.
These systems include, among others, multispectral day and night imaging sensors, night vision goggles (NVG), laser rangefinders (LRF), forward looking infrared (FLIR) systems and infrared targeting pods.
Visiongain’s report excludes optics based seeking systems such as infrared seekers and laser seekers installed on kinetic systems and also exclude flare systems.
The report also excludes unpowered EO/IR systems such as binoculars and will not include data storage of visual display systems for EO/IR platforms.
Why you should buy Military Electro Optical Infra-Red (EO/IR) Systems Market Forecast 2014-2024: Top Companies Enhancing ISR for Ground, Naval, Airborne & UAV Platforms
This report is intended to provide an in-depth analysis of the latest trends prevailing in the global electro-optical and infrared systems market and its growth and development in the next decade.
The shifting patterns of defence spending, rising spending power of emerging markets, rising gross domestic product (GDP), commercial opportunities, economic recession and the implementation/reformation of laws and regulations are trend setting factors which will affect the military electro-optical and infrared systems market.
The analysis in the report address issues such as: scope for growth in the market, factors driving the market, market sizing by the end use sectors and the consumer’s response to the market. The report also demonstrates how the market evolved, how it is now, and how these markets will perform in the future.
This report is valuable for anyone who wants to understand the industry and its dynamics. It will be useful for businesses who wish to expand into different sectors or explore a new region for expansion of their operations.
The report comprehensively lays out the market drivers and restrainers, market forecasts, leading companies and their strategies, as well as technologies and investment status, and risks and trends to help the reader make a balanced decision for investment.
- Publication date: 18/08/2014
- Number of Pages: 379
What makes this report unique?
Visiongain’s research methodology involves an exclusive blend of primary and secondary sources providing informed analysis. This methodology allows insight into the key drivers and restraints behind market dynamics and competitive developments. The report therefore presents an ideal balance of qualitative analysis combined with quantitative data including global, submarket and national markets forecasts from 2014-2024
Why chooseVisiongain business intelligence?
Visiongain’s increasingly diverse sector coverage strengthens our research portfolio. The growing cross-sector convergence of key verticals and the interplay of game changing technologies across hitherto unrelated industries are creating new synergies, resulting in new business opportunities for you to leverage.
As such, Visiongain’s team of London based in-house analysts offer a wealth of knowledge and experience to inform your strategic business decisions.