Military Electro-optical & Infrared System Market by System (Electronic Support Measure (ESM) System, Imaging System, Targeting System), Sensor Type (Scanning Sensor, Staring Sensor), Technology, Platform - Global Forecast 2024-2030
The Military Electro-optical & Infrared System Market size was estimated at USD 13.22 billion in 2023 and expected to reach USD 14.22 billion in 2024, at a CAGR 8.13% to reach USD 22.87 billion by 2030.
Military electro-optical and infrared (EO/IR) systems are a type of technology used by the military for various purposes, including surveillance, reconnaissance, targeting, and situational awareness. EO/IR systems contribute to the safety and effectiveness of military operations by enabling military personnel to recognize better and respond to the risks and opportunities in their surroundings. Military EO/IR systems are required for improved situational awareness due to the growing awareness of territorial conflicts and border issues. These systems are utilized to increase the precision and accuracy of military operations by assembling them on various military platforms, including unmanned aerial vehicles (UAVs). On the other hand, military EO/IR systems are vulnerable to camouflage capabilities and electronic interference and experience performance issues in extreme weather conditions. However, as an opportunity, aerostats equipped with EO/IR systems are using types of intelligence, such as human intelligence or signals intelligence, to improve the efficiency of military operations by decreasing the reliance on EO/IR equipment for target identification.
Regional Insights
The growing development of modern unmanned aerial vehicles (UAVs) for the purpose of surveillance is in the adoption of military electro-optical & infrared (EO/IR) systems in the Americas. The emerging markets, including India and China, are enhancing military weapons and equipment with significant investments in IoT and military-grade sensor technology. The developed economies across the European region are incorporating innovation and enhancements in the existing sensing and surveillance technologies for military EO/IR systems. The Middle East region is highly developing the defense sectors with heavy capital investments and favorable regulations for unmanned military services.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Military Electro-optical & Infrared System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing demand for awareness related to territorial conflicts and border issues
- Need for military EO/IR systems for enhanced situational awareness
- Deployments of EO/IR systems for UAV and improved precision and accuracy of military operations
- Market Restraints
- Vulnerable to camouflage capabilities and electronic interference
- Market Opportunities
- Emerging aerostats equipped with military electro-optical and infrared (EO/IR) systems
- Integration of artificial intelligence (AI) into the EO/IR systems
- Market Challenges
- Performance issues in extreme weather conditions
- Market Segmentation Analysis
- System: Rapid proliferation of advanced imaging and targeting systems for precision engagement in complex battlefields
- Platform: Integration of EO/IR systems across all domains for ensuring comprehensive situational awareness
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Military Electro-optical & Infrared System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Military Electro-optical & Infrared System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Elbit Systems to improve Romanian Navy’s operational capabilities
Elbit Systems recently announced a contract worth USD 102 million to provide the Romanian Navy with electro-optical and infrared systems. The contract includes delivering, installing, and integrating sophisticated EO/IR systems used in Naval platforms. The award represents Elbit's continued commitment to supporting its customers in the Military Electro-optical & Infrared system market, reinforcing its leading position in advanced operational capabilities, allowing the Romanian Navy to access the latest technology. Elbit Systems look forward to continuing their support of the customer’s efforts in upgrades and development of their EO/IR systems.
Elbit Systems Awarded Four Contracts to Supply Solutions to the Romanian Armed Forces
Elbit Systems Ltd., a member of the SK Group, has been awarded fourth contracts from the Romanian Armed Forces to supply advanced solutions for its Electro-Optical and Infrared System Market. These solutions will provide vital capabilities to the Romanian military and potentially other nearby allies, ensuring the security of eastern Europe across multiple platforms. Elbit Systems has a long history of supplying best in class Electro-Optical and Infrared systems to militaries around the globe, an expertise that is critical for developing highly reliable defense technology for Romania’s armies. With this award, the Romanian military can confidently integrate Elbit System’s latest technologies into their operations, readying them for whatever deployment scenarios may come their way.
DRDO develops electro-optical infrared system for surveillance from airborne, land, and naval platforms
The Defence Research and Development Organisation (DRDO) is proud to announce the breakthrough of an electro-optical and infrared system for surveillance airborne, land, and naval platforms. This cutting-edge technology will provide military personnel with ground target detection, tracking, and imaging capabilities using high-quality optics specifically suited to each platform. Its powerful upscaling algorithms allow it to survey large areas more quickly than traditional methods. This advanced system offers soldiers critical data in real-time that could be used to locate targets without compromising the safety of military personnel deployed in the field. DRDO's new electro-optical and infrared system is a remarkable advancement in both precision and accuracy for military surveillance operations, allowing users to access higher-quality imagery from a greater range of platforms than ever before.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Military Electro-optical & Infrared System Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Military Electro-optical & Infrared System Market, highlighting leading vendors and their innovative profiles. These include Amentum Services, Inc., Anduril Industries, Inc., BAE Systems PLC, Bharat Electronics Ltd., Cobham Ltd., CONTROP Precision Technologies Ltd., Corning Incorporated, Elbit Systems Ltd., Excelitas Technologies Corp., General Dynamics Corporation, Hensoldt AG, HGH Infrared Systems by TTP PLC, IMSAR LLC, Israel Aerospace Industries Ltd., Kollmorgen Corporation, L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, Safran Group, Teledyne Technologies Incorporated, and Thales Group.
Market Segmentation & Coverage
This research report categorizes the Military Electro-optical & Infrared System Market to forecast the revenues and analyze trends in each of the following sub-markets:- System
- Electronic Support Measure (ESM) System
- Imaging System
- Hyperspectral Imaging System
- Multispectral Imaging System
- Targeting System
- Sensor Type
- Scanning Sensor
- Staring Sensor
- Technology
- Cooled
- Uncooled
- Platform
- Air-Based
- Land-Based
- Sea-Based
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing demand for awareness related to territorial conflicts and border issues
- 5.1.1.2. Need for military EO/IR systems for enhanced situational awareness
- 5.1.1.3. Deployments of EO/IR systems for UAV and improved precision and accuracy of military operations
- 5.1.2. Restraints
- 5.1.2.1. Vulnerable to camouflage capabilities and electronic interference
- 5.1.3. Opportunities
- 5.1.3.1. Emerging aerostats equipped with military electro-optical and infrared (EO/IR) systems
- 5.1.3.2. Integration of artificial intelligence (AI) into the EO/IR systems
- 5.1.4. Challenges
- 5.1.4.1. Performance issues in extreme weather conditions
- 5.2. Market Segmentation Analysis
- 5.2.1. System: Rapid proliferation of advanced imaging and targeting systems for precision engagement in complex battlefields
- 5.2.2. Platform: Integration of EO/IR systems across all domains for ensuring comprehensive situational awareness
- 5.3. Market Trend Analysis
- 5.3.1. High investments by the government sector to integrate advanced defense and military equipment in Americas
- 5.3.2. Robust infrastructure for the development of military grade equipment coupled with favorable government funding in the APAC region
- 5.3.3. Adoption of novel strategies to incorporate innovation and enhancements in advanced military equipment
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 5.9. Client Customization
- 6. Military Electro-optical & Infrared System Market, by System
- 6.1. Introduction
- 6.2. Electronic Support Measure (ESM) System
- 6.3. Imaging System
- 6.4. Targeting System
- 7. Military Electro-optical & Infrared System Market, by Sensor Type
- 7.1. Introduction
- 7.2. Scanning Sensor
- 7.3. Staring Sensor
- 8. Military Electro-optical & Infrared System Market, by Technology
- 8.1. Introduction
- 8.2. Cooled
- 8.3. Uncooled
- 9. Military Electro-optical & Infrared System Market, by Platform
- 9.1. Introduction
- 9.2. Air-Based
- 9.3. Land-Based
- 9.4. Sea-Based
- 10. Americas Military Electro-optical & Infrared System Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Military Electro-optical & Infrared System Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Military Electro-optical & Infrared System Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Elbit Systems to improve Romanian Navy’s operational capabilities
- 13.3.2. Elbit Systems Awarded Four Contracts to Supply Solutions to the Romanian Armed Forces
- 13.3.3. DRDO develops electro-optical infrared system for surveillance from airborne, land, and naval platforms
- 13.3.4. The U.S. Army declares IOC for Northrop Grumman’s CIRCM system
- 13.3.5. Elbit Systems to deliver in-service support for Nato MRTT DIRCMs
- 13.3.6. IAI Unveils POINT BLANK - A Hand-Launched Electro-optical Guided Missile
- 13.3.7. Leonardo DRS Receives Contract Award for the U.S. Army 3rd Generation FLIR Sensors
- 13.3.8. Anduril Raises USD 1.48 Billion in Series E Funding
- 13.3.9. L3harris to provide advanced target identification technology for javelin missile launch system
- 13.3.10. Teledyne FLIR Defense Receives USD 48.7M Contract for Long-Range Imaging Systems for the U.S. Coast Guard
- 13.3.11. Leonardo launches its new DSS-IRST system at Euronaval
- 13.3.12. Anduril debuts wheeled version of Sentry surveillance tower
- 13.3.13. General Atomics, 3rdiTech semiconductor partnership a big boost for AtmaNirbhar Bharat campaign
- 13.3.14. DRS Awarded Approximately USD 50M Contract to Provide Advanced IR Weapon Sights for the Swedish MOD
- 13.3.15. Insitu Pacific to supply unmanned aerial systems to Australian Army
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
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