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Global Military Electro-optical and Infrared Systems Market 2016-2020

  • Published: Nov 2016
  • Pages: 64
  • SKU: IRTNTR10784
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This market research report identifies players like BAE Systems, Elbit Systems, Lockheed Martin, Raytheon, and Thales to be the key vendors in the global military EO/IR systems market. This research report also presents a detailed segmentation of the market by application (airborne, land-based, and naval) and geography (the Americas, APAC, and EMEA).

Overview of the global military electro-optical and infrared systems market

Technavio’s military electro optical and infrared systems market research report predicts the market to grow at a CAGR of close to 7% between 2016 and 2020. Factors such as growing territorial disputes between countries have led to the increased focused on naval warfare, thus, propelling several naval agencies to upgrade the target acquisition capability of their existing naval platforms with advanced EO/IR sensors and combat systems. The military EO/IR systems market is primarily driven by developments in sensor technology, which has resulted in the strengthening of capabilities of the multi-sensor EO targeting pods, including compass thermographic sensors, target laser range finders, laser spot detectors, and low-light television cameras. With extensive changes in terms of manufacturing of components and subcomponents within EO/IR systems, the global military EO/IR systems market growth is expected to be substantial during the forecast period.

The growing preference for small UAVs owing to their tactical advantages has propelled technology providers to design miniaturized EO/IR systems that can be fitted with small UAVs and are capable of dispelling sufficient heat without negotiating on the performance of a miniaturized UAV. Growing concerns about developing cost-effective cooling technologies have augmented the opportunities for the cooled thermal imaging camera providers. It has also encouraged the proliferation of EO/IR systems within the defense industry, as the sensors used in thermal imaging cameras are expected to improve the target detection and surveillance capabilities of miniaturized UAVs.


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Competitive landscape and key vendors

Characterized by the presence of well-diversified several small and large vendors, the global EO/IR systems market is highly fragmented. Intense competition prevails in the market owing to the existence of many well-diversified multinational vendors who contend in terms of cost, product superiority, reliability, and aftermarket service. The competitive scenario of the market will intensify in the coming years with an increase in product portfolio expansions, technological innovations, and mergers and acquisitions. This market will also witness inorganic growth prospects, where big players like Lockheed Martin and BAE Systems may acquire small and regional companies to extend their geographical reach and product offerings.  

Leading vendors in the market are -

  • BAE Systems
  • Elbit Systems
  • Lockheed Martin
  • Raytheon
  • Thales

Other prominent vendors in the military EO/IR systems market include CONTROP Precision Technologies, DRS Technologies, General Dynamics, Harris, Israel Aerospace Industries, L-3 Communications, and Saab.

Segmentation by application and analysis of the military EO/IR systems market

  • Air-borne
  • Land-based
  • Naval

Airborne platforms have emerged as one of the most important resources for defense organizations globally to enable a strong and efficient security and surveillance environment. In sophisticated electronic warfare (EW) operations, the establishment of organized and innovative data gathering and processing capabilities enable combatants to accomplish unique tactical and strategic advantages over hostile opponents. One of the critical modifications in airborne EO/IR systems is the deployment of small tactical UAV platforms. At present, several EO/IR systems are integrated into an array of both manned and unmanned aircraft, including P-8 Poseidon, ScanEagle, and RQ-4 Global Hawk.

Geographical segmentation and analysis of the military EO/IR systems market

  • Americas
  • APAC
  • EMEA

The EO/IR sensors market in the Americas was primarily dominated by North America in 2015 and is expected to continue its dominance over the forecast period. The US is the key revenue generator in the region owing to its massive expenditure on the development and procurement of EO systems for various military platforms like aircraft, helicopters, armored vehicles, naval vessels, UAVs, and submarines. The US is also the largest spender in the EO/IR systems market, thanks to several undergoing development and procurement projects. Most of the R&D for EO/IR technologies is directed towards the development of robust, lightweight, and cost-effective systems significant for critical missions. The EO/IR systems for airborne applications is anticipated to generate maximum spending over the forecast period in this region.

 Key questions answered in the report include

  • What will the military EO/IR systems market size and growth rate be in 2020?
  • What are the key factors driving the global military EO/IR systems market?
  • What are the key market trends impacting the growth of the global military EO/IR systems market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global military EO/IR systems market?
  • What are the market opportunities and threats faced by the vendors in the global military EO/IR systems market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global military EO/IR systems market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by application

  • Segmentation of global military EO/IR systems market by application
  • Airborne EO/IR systems market
  • Land-based EO/IR sensors
  • Naval EO/IR systems market

PART 07: Geographical segmentation

  • Geographical segmentation of global military EO/IR systems market
  • Military EO/IR systems market in Americas
  • Military EO/IR systems market in EMEA
  • Military EO/IR systems market in APAC

PART 08: Market drivers

  • Greater emphasis on situational awareness
  • Increasing focus on maritime capabilities
  • Use of tactical UAVs in an integrated C4ISR environment

PART 09: Impact of drivers

PART 10: Market challenges

  • Barriers to adoption of new technology and equipment
  • Complexities in cyber security
  • Spectrum management issues

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Development of miniaturized EO/IR systems
  • Adoption of sensor fusion technology
  • Preference for integrated C4ISR environment

PART 13: Vendor landscape

  • Competitive landscape
  • BAE Systems
  • Elbit Systems
  • Lockheed Martin
  • Raytheon
  • Thales
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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