Military Electro-Optical/Infrared (EO/IR) Systems Market to See Modest Growth to 2027, Says SDI in Its Report Available at MarketPublishers.com
27 Jul 2017 • by Natalie Aster
LONDON – The rising complexities in the modern war techniques resulted in the increased requirement for Intelligence, Surveillance and Reconnaissance (ISR) activities, that encouraged several major defense spenders to make huge investments in the R&D of ISR systems like infrared vision systems, thermal sighting devices, laser target designators. The escalating demand for novel sighting devices, wearable thermal imaging and night vision systems also considerably spurs growth in the world’s military electro-optical/infrared (EO/IR) systems market.
The world’s military EO/IR systems market is currently evaluated at appr. USD 11 billion; it is poised to increase at a modest CAGR of 2.64% up to 207 to touch USD 14.3 billion.
Between 2017 and 2027, the overall market is set to be dominated by the airborne sector, which will capture a share of slightly over 64%.
North America is anticipated to hold the leading position in the military EO/IR systems market through 2027 with a share of almost 33%. It will be closely followed by APAC capturing a share of 31.4%.
The in-demand topical report “Global Military Electro-Optical/Infrared (EO/IR) Systems Market 2017-2027” worked out by Strategic Defence Intelligence (SDI) gives a thorough analysis of the market landscape and performance, limelights the market dynamics and discusses the major factors responsible for the market growth and development. Besides, this topical study highlights the top market trends, identifies the major opportunities and threats, points out the prospective growth areas, touches upon the competitive and regulative environments, and also profiles the prominent players. Moreover, this report delves into the market segmentation, estimates the market shares, reviews the latest technological advancements and innovations, discusses the ongoing programs launched by the defense ministries of various countries. Additionally, a comprehensive future outlook for the military EO/IR systems market through 2027 is at hand.
A full collection of the publisher’s topical reports is available at the SDI page at MarketPublishers.com.