Boston, MA -- (SBWIRE) -- 12/23/2016 -- EO/IR systems are an essential part of military operations. These systems encompass a broad array of distinct technologies that are based on target acquisitions and mission requirements. Such EO/IR systems are used in different military applications like airborne, land-based, and naval. Some of the airborne EO/IR systems are optic sights, observation systems, helmet mounted displays, and night vision systems. Land-based EO/IR systems include night vision goggles, weapon mounted sights, vehicle mounted optronics devices, thermal imagers, laser rangefinders, and designators. Naval based EO/IR systems include thermal imagery systems, infrared imaging and detectors, optronics mast systems, and surveillance and tracking systems. These systems assist in the battlefield with better visibility, tracking, and targeting of enemy locations.

Get More Details on this Report and a Full Table of Contents at Global Military Electro-optical and Infrared Systems Market 2016-2020

Technavio's analysts forecast the global military electro-optical and infrared systems market to grow at a CAGR of 6.63% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global military electro-optical and infrared systems market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market from the procurement of new EO/IR systems.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Military Electro-optical and Infrared Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-BAE Systems
-Elbit Systems
-Lockheed Martin
-Raytheon
-Thales

Other prominent vendors

-CONTROP Precision Technologies
-DRS Technologies
-General Dynamics
-Harris
-Israel Aerospace Industries
-L-3 Communications
-Saab

Market driver

-Increasing focus on maritime capabilities.
-For a full, detailed list, view our report

Market challenge

-Barriers to adoption of new technology and equipment.
-For a full, detailed list, view our report

Market trend

-Development of miniaturized EO/IR systems.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: BAE Systems, Elbit Systems, Lockheed Martin, Raytheon, Thales, EO/IR systems market include CONTROP Precision Technologies, DRS Technologies, General Dynamics, Harris, Israel Aerospace Industries, L-3 Communications, Saab

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Defense research reports at Fast Market Research

You may also be interested in these related reports:
-Military Drones Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022
-Military Embedded Systems Market - Global Forecast to 2021
-The Global Artillery and Systems Market 2015-2025
-Global Military Laser Systems Market 2016-2020
-The Global Military Radar Market 2015-2025