Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Military EO, IR Systems Market Set for Growth

Facebook Twitter LinkedIn Email
PUNE, India, Dec. 20, 2016 — The military electro-optics and IR systems market is expected to reach $14.20 billion by 2022, according to a report by MarketandMarkets.

The market is currently valued at $10.15 billion, with an anticipated compound annual growth rate of 5.75 percent.

Increased demand for battle space awareness by defense forces and technological advancements resulting in improved efficiency of electro-optical and IR systems are the major factors driving market growth. The growing demand for border surveillance and situational awareness has resulted in increased use of unmanned aerial vehicles. Increase in R&D activities in the aerospace and defense sector has contributed to the development of miniaturized and lightweight components and defense equipment, especially for airborne applications. Based on sensor technology, the staring sensor segment is projected to lead the market.

North America is estimated to lead the military electro-optics and infrared systems market during the forecast period due to the increasing demand across military, public safety and commercial sectors.

MarketsandMarkets Ltd. is a global market research and intelligence company.
Dec 2016
1. The branch of physics that deals with the use of electrical energy to create or manipulate light waves, generally by changing the refractive index of a light-propagating material; 2. Collectively, the devices used to affect the intersection of electrical energy and light. Compare with optoelectronics.
electro-opticsIRMarketsandMarketAsia-PacificNorth AmericasdefenseBusinessaerospace

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.