Boston, MA -- (SBWIRE) -- 03/21/2014 -- This report is the result of SDI's extensive market and company research covering the global military EO/IR Systems industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
"The Global Military EO/IR Market 2014-2024" offers the reader detailed analysis of the global military EO/IR Systems market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.
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What are the key drivers behind recent market changes?
The need for advanced situational awareness and information dissemination abilities is driving the development and procurement of several EO/IR based aircraft, rotorcraft and UAV payload systems. The industry participants are significantly investing in RandD in order to emerge with innovations in ground based, air based and naval segments. The MoDs are procuring a range of new sighting devices for their weapons as well as wearable night vision and thermal imaging systems for their future soldier programs.
What makes this report unique and essential to read?
"The Global Military Electro Optical Infrared (EO/IR Systems) Market 2014-2024" provides detailed analysis of the current industry size and growth expectations from 2014 to 2024, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
Key Features and Benefits
The report provides detailed analysis of the market for military EO/IR Systems during 2014-2024, including the factors that influence why countries are investing or cutting expenditure on military ammunition. It provides detailed expectations of growth rates and projected total expenditure.
Governments worldwide recognize the need to increase the promptness of military attacks while shortening the time taken to complete a mission. This is where EO/IR Systems are increasing in importance, with their ability to reduce the ISR mission-cycle time and help towards the rapid, ad hoc integration of platforms into strike forces and fast-reaction mission planning. The forecast period will also witness robust development of EO/IR compatible software applications to be used for the successful working of EO/IR Systems procured for various combat and homeland security purposes and to be used across all three platforms including air, sea and land. Use of these software applications on naval platforms is expected to present the fastest growing opportunity for suppliers during the forecast period.
Key Market Issues
Companies Mentioned in this Report: DRS Technologies, FLIR Systems, BAE Systems, Selex ES, Lockheed Martin, Raytheon Company, Thales, Corning, Chess Dynamics, Harris Corporation, Elbit Systems, L-3 Communications
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