Dublin, June 13, 2023 (GLOBE NEWSWIRE) -- The "Capabilities, Progress, and Commercial prospects of the Top 20 Military Electro-Optical and Infrared (EO/IR) Systems Companies" report has been added to ResearchAndMarkets.com's offering.
Overall world revenue of the Top 20 Military Electro Optical and Infrared (EOIR) Systems Companies in terms of value the market will surpass US$9.49 billion in 2023.
The report identifies which organisations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
The report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Increased Demand from Various Industries Such as Defence, Aerospace, and Commercial Applications Are Driving the Growth
The demand for EOIR (Electro-Optical/Infrared) Systems is projected to experience substantial growth in the foreseeable future. This growth is primarily driven by increased demand from various sectors such as defence, aerospace, and commercial applications. The market expansion is further fuelled by the rising need for advanced surveillance systems for border security and law enforcement purposes.
Furthermore, the advancement of cutting-edge technologies like thermal imaging, night vision, and hyper-spectral imaging has broadened the application areas of EOIR systems, contributing to the market's growth. Increased investment in research and development activities aimed at enhancing the capabilities and performance of EOIR systems also plays a significant role in driving the market.
Key players in this market, including Airbus, Teledyne FLIR, Rheinmetall AG, Textron Inc, and THEON SENSORS S.A., are expected to continue fostering innovation and growth. Through the development of new technologies and the introduction of new products and services, these companies are likely to create lucrative opportunities for investors and businesses operating in the EOIR system industry.
What Questions Should You Ask before Buying a Market Research Report?
- How is the top 20 military electro optical and infrared (EOIR) systems companies report 2023 market evolving?
- What is driving and restraining the top 20 military electro optical and infrared (EOIR) systems companies report 2023 market?
- How will each top 20 military electro optical and infrared (EOIR) systems companies report 2023 submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
- How will the market shares for each top 20 military electro optical and infrared (EOIR) systems companies report 2023?
- What will be the main driver for the overall market from 2023 to 2033?
- Will leading top 20 military electro optical and infrared (EOIR) systems companies report 2023 markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- Which geographical region will lead the market in 2033?
- Who are the leading players and what are their prospects over the forecast period?
- What are the top 20 military electro optical and infrared (EOIR) systems companies report 2023 projects for these leading companies?
- How will the industry evolve during the period between 2023 and 2033? What are the implications of top 20 military electro optical and infrared (EOIR) systems companies report 2023 projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the top 20 military electro optical and infrared (EOIR) systems companies report 2023 market?
- Where is the top 20 military electro optical and infrared (EOIR) systems companies report 2023 market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
Market Dynamics
Market Driving Factors
- Increasing Demand from Military and Defense Sectors
- Situational Awareness is Becoming Increasingly Important
- Technological Advancements in EO/IR Systems are Driving the Market
Market Restraining Factors
- Sluggish Lifespan of EO/IR System
- High EO/IR Development Costs
- One of the Biggest Problems Is These Systems' Subpar Performance in Bad Weather
Market Opportunities
- The Increasing Defence Budgets of Several Nations Offer the EO/IR Market a Sizable Window of Opportunity
- The EO/IR Market Is the Emergence of New Markets
- EO/IR System Integration with Traditional Military Systems
COVID-19 Impact Analysis
Porter's Five Forces Analysis
PEST Analysis
Leading companies and the potential for market growth
- Aselsan A.S.
- BAE Systems plc
- CONTROP Precision Technologies
- Corning's Incorporated
- Elbit Systems Ltd.
- Hensoldt AG
- Israel Aerospace Industries Ltd
- L-3 Harris Technologies Inc.
- Leidos Holdings Inc.
- Leonardo S.p.A
- Lockheed Martin Corporation
- Logos Technologies
- Moog Inc.
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB
- Safran Group
- Teledyne FLIR
- Textron Inc
- Thales Group
- The Boeing Co.
- Theon Sensors SA
Segments Covered in the Report
Market Segment by Type
- Imaging EO/IR System
- Non-Imaging EO/IR System
Market Segment by Platform
- Airborne EO/IR System
- Ground EO/IR System
- Naval EO/IR System
Market Segment by Application
- Military Intelligence
- Surveillance
- Reconnaissance
- Other Applications
Market Segment by Wavelength
- Ultraviolet
- Near-Infrared
- Short Wavelength Infrared
- Medium Wavelength Infrared
- Long Wavelength Infrared
- Other Wavelength
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional markets:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/brmiwi
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