Military Electro Optical Infrared Systems Market Discussed in Topical SDI Report Available at MarketPublishers.com20 Mar 2014 • by Natalie Aster
LONDON – Worldwide, the market for military electro optical infrared (EO/IR) systems is projected to reach a value of USD 7.3 billion by end-2014 and be worth USD 10 billion by 2024-end, posting a CAGR of over 3.2% during the period. Modern warfare attaches more importance to situation awareness and information superiority, which is likely to be a foremost factor contributing to increased expenditure on military EO/IR systems. North America is primed to dominate the worldwide military EO/IR systems market, with the European region and APAC following in.
In the recent years, miniaturisation has been posing a major challenge to the market expansion, with the trend likely to keep this up and even pick up in the offing. EO/IR sensors are becoming increasingly utilised across a broad range of military platforms, specifically in the air force. In the military EO/IR universe, the tendency to a reduction of the aircraft’s size is gathering speed, which is in turn bringing huge pressure to bear on the manufacturers considering the latter have to compromise on functional performance to reduce the device's weight and size.
Topical report “The Global Military Electro Optical Infrared (EO/IR) Market 2014-2024” worked out by Strategic Defence Intelligence (SDI) provides an insightful guide to, in-depth analysis and data (historical and forecast) on the worldwide market for military electro optical infrared systems through to end-2024.
The study sheds light on market entry strategies and novel opportunities, which is essential for gaining or boosting market share in the military EO/IR systems universe. It provides an all-round unprejudiced understanding of the competitive scenario in the market, comprising big domestic and overseas defense industry players, key military alliances, and strategic endeavors. A detailed SWOT analysis of the overall industry is available, too. Furthermore, a careful look at the market drivers is provided, as well as actionable insights into oncoming developments which are likely to shape the opportunity landscape in the offing are given in the research report.
The Global Military Electro Optical Infrared (EO/IR) Market 2014-2024
Published: February, 2014
Price: US$ 4,800.00
Other Defense Market Studies by SDI Include:
- Future of the MINT Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019
- The Global Soldier Modernization Market 2014-2024
More in-demand reports by the publisher can be found at SDI page.