Dublin, March 22, 2023 (GLOBE NEWSWIRE) -- The "Electro Optical Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Electro Optical Systems estimated at US$11.8 Billion in the year 2022, is projected to reach a revised size of US$17.2 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.
Airborne, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$11.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Ground segment is readjusted to a revised 5.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 6.7% CAGR
The Electro Optical Systems market in the U.S. is estimated at US$4.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
Select Competitors (Total 62 Featured) -
- BAE Systems PLC
- Collins Aerospace
- Elbit Systems Ltd.
- FLIR Systems, Inc.
- General Dynamics Mission Systems, Inc.
- Instro Precision Limited
- Israel Aerospace Industries
- L3Harris Technologies, Inc.
- Leonardo DRS
- Lockheed Martin Corporation
- Rheinmetall AG
- Saab AB
- Safran S.A.
- Textron Systems
- Thales Group
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 409 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $11.8 Billion |
| Forecasted Market Value (USD) by 2030 | $17.2 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Worsening COVID-19 and Economic Scenario Dampens Outlook for Electro Optical (EO) Systems, But Provides a Burning Platform for Innovation: Confirmed COVID-19 Cases Per Million in June Vs GDP Per Capita Vs GDP Growth for 2020
- Electro Optical Systems Market: Prospects and Outlook
- Military Applications Boost Growth in Electro-Optical System Market
- North America Leads Global EO Systems Market
- Competition
- Key Brands in Electro Optical Industry
- Recent Market Activity
- Electro Optical Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Military Electro Optical and Infrared Systems Market: Evolving Defense Needs Support Growth
- Advancements in Defense Electronics and Miniaturization of Military Electronics Support Market Growth
- Growing Use of Sensor-Based Systems in Military Applications Augurs Well for the Market
- With Defense Budgets Coming Under Intense Pressure, EO Systems Market Witnesses Challenging Times
- Defense Spending Trends Set Demand Dynamics for EO Systems: Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2018
- Leading Countries Ranked by Defense Budgets in US$ Billion for 2019
- Improving Target Identification, Threat Assessment and Monitoring: Essential Capabilities of EO Systems
- Growing Emphasis on Border Security Drives Demand for EO Systems
- Continued Threat of Terrorism Drives the Focus on Surveillance as Counterterrorism Response: Global Number of Fatalities (in '000) Due to Terrorist Attacks: 2010-2018
- Thermal Cameras: An Important System for Securing Borders
- Market Primed to Benefit from the Rising Adoption of High Capability UAVs
- Increasing Use of Drones in the Battlefield Pushes Up Demand for EO/IR Systems: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
- With Unmanned Aircrafts Posing Threat of Terrorism and Smuggling, EO/IR-based Counter-Drone Systems Grow in Prominence
- Application of EO/IR in Homeland Security and Search and Rescue Missions: Opportunities for Growth
- Technological Advances to Bolster Market Growth
- A Glance at Select Innovations in Electro Optical Systems
- New and Advanced EO Materials
- Ultra-rapid EO Modulator for Converting THz Signals into Optical Signals
- US Companies Offer Support to US Air Force for EO/RF-Related Technology Development
- EO System-Based Coast Guard Technology for Turkey
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ekz6q9
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