The global military electro-optical and infrared systems market size reached US$ 10.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2022-2028.

Military electro-optical and infrared (EO/IR) systems refer to various land-, air-, and naval-based discrete technological solutions used for comprehensive situational awareness. The airborne systems include optic sights, night vision, inspection systems and helmet-mounted displays. The land-based systems consist of weapon-mounted sights, optronic devices, thermal imagers, designators and laser range finders. The naval-based systems include infrared imagers and detectors, surveillance and tracking systems and photonics mast systems. These systems and devices use hyperspectral and multispectral imaging technologies and are commonly used for conducting combat, patrol, surveillance, reconnaissance and search and rescue operations.

The market is primarily driven by an alarming increase in armed conflicts, violence and terrorism across the globe. Furthermore, the escalating requirement for military modernization is creating a positive outlook for the market. Military EO/IR systems are widely used in missile warning receivers and electronic warfare, optical surveillance and observation systems. In line with this, the deployment of these solutions for unmanned vehicles is also contributing to the market growth. Additionally, various technological advancements, such as the development of innovative longwave infrared (LWIR) and EO laser guidance systems, are acting as other growth-inducing factors. They provide enhanced thermal imaging capacities with improved target recognition and offers reliable information for crew protection in war conditions. Other factors, including the increasing integration of novel EO/IR systems with the existing military systems, along with rising defense expenditures by governments across the globe, especially in the developing nations, are anticipated to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global military electro-optical and infrared systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on platform, system, sensor type, technology and wavelength.

Breakup by Platform:

Air-Based
Sea-Based
Land-Based

Breakup by System:

Targeting System
Electronic Support Measure (ESM) System
Imaging System
Multispectral Imaging System
Hyperspectral Imaging System

Breakup by Sensor Type:

Staring Sensor
Scanning Sensor

Breakup by Technology:

Cooled
Uncooled

Breakup by Wavelength:

Ultraviolet
Near Infrared
Short and Medium Wavelength Infrared
Long Wavelength Infrared

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., Israel Aerospace Industries, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB and Thales Group.

Key questions answered in this report:
How has the global military electro-optical and infrared systems market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global military electro-optical and infrared systems market?
What are the key regional markets?
What is the breakup of the market based on the platform?
What is the breakup of the market based on the system?
What is the breakup of the market based on the sensor type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the wavelength?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global military electro-optical and infrared systems market and who are the key players?
What is the degree of competition in the industry?