Electro optical and infrared systems are the most essential part of military operations. These systems includes a broad assortment of discrete technologies that are centered on mission requirements and target acquisitions. The electro optical and infrared systems are used in diverse military applications like land-based, airborne and naval. Some of the airborne electro optical and infrared systems are observation systems, optic sights, night vision systems and helmet mounted displays. Land-based electro optical and infrared systems comprises weapon mounted sights, night vision goggles, vehicle mounted optronics devices, laser rangefinders, thermal imagersand designators. Naval based electro optical and infrared system comprises infrared imaging and detectors, thermal imagery systems, surveillance and tracking systems and optronics mast systems. These systems helps in the combat zone with enhanced visibility, targeting and tracking of enemy locations.
Increasing territorial disputes between countries leads to the increasing focus on naval warfare thereby driving different naval agencies to update the target acquisition proficiency of their existing naval platforms with improved Electro Optical and Infrared systems combat systems and sensors.
The military electro optical and infrared systems market is mainly driven by progresses in sensor technology, that has given rise to the solidification of proficiencies of the multi-sensor electro optical targeting pods, including target laser range finders, compass thermo graphic sensors, low-light television cameras and laser spot detectors. With broad changes in terms of manufacturing of subcomponents and components in Electro Optical and Infrared systems, the global military Electro Optical and Infrared systems market is likely to witness considerable growth during the forecast period.
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The rising preference for small unmanned aerial vehicles owing to their strategic benefits has driven technology providers to design contracted electro optical and infrared systems that are likely fixed with small unmanned aerial vehicles and are proficient of dissipating adequate heat without compromising on the performance of a contracted UAVs. Rising alarms about evolving cost-effective cooling technologies have amplified the opportunities for the cooled thermal imaging camera providers. It has also stimulated the propagation of Electro Optical and Infrared systems within the defense industry since the sensors used in thermal imaging cameras are likely to advance the surveillance capabilities and target detection of contracted UAVs.
The global military electro optical and infrared systems market based on platform type is bifurcated into air, land and naval. On the basis of system type, the market is bifurcated into targeting system, imaging system and electronic support measures. Based on sensor technology type, the market is segregated into scanning sensor and staring sensor. On the basis of imaging technology, the market is bifurcated into hyper spectral and multi spectral.
The geographical split of the military electro optical and infrared system market includes North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America is the leading market for military electro optics and infrared systems and accountedmaximum share in the market. But dropping defense expenditure is likely to lessen the market share during the forecast period. The U.S. is the leading market in North America owing to its huge expenditures on procurement and development of electro optical systems for different military platforms like armored vehicles, aircraft, naval vessels, UAV, helicopters and submarines. Most of the research and development for this technology is focused towards the expansion of lightweight, cost-effective and robust systems substantial for serious operations. Asia Pacific is the fastest growing region during the forecast period as China, India and Japan will increase the growth in the region during the forecast period.
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Some of the major players in the Electro Optical and Infrared systems market includes BAE Systems, Elbit Systems, Lockheed Martin, Raytheon, Thales, CONTROP Precision Technologies, DRS Technologies, General Dynamics, Harris, Israel Aerospace Industries,L-3 Communications and Saab among others.