Pune, India -- (SBWire) -- 10/04/2018 --Global Military Electro-Optical and Infrared Systems Market is Expanding as a Response to Evolving Security Threats

Market Overview:

Security has become a significant concern in many countries owing to border infiltration and terrorism. The looming threats are becoming further daunting with advanced technology and to counter which sophistication in defense mechanisms is much-needed. Electro-optical and infrared systems are devices that ensure enhanced monitoring and assist the military in accentuating steps to safeguard border and measure counter-terrorism tactics. The global Military electro-optical and infrared systems market can expect growth by an impressive 7% CAGR during the forecast period (2017-2023), reveals Market Research Future (MRFR) in a detailed study of the Military electro-optical and infrared systems market. The research further covers drivers such as advanced imaging technology, naval ships, drones, and unmanned aerial vehicles as defense engineering sectors that would give the Military electro-optical and infrared systems market further thrust.

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Global Competitions:

The market is witnessing intense competition, and its progress is depending on the cutting-edge technologies that are getting implemented on a regular basis. Furthermore, strategies such as merger and acquisition are impacting the market considerably. For instance, The Carlyle Group is planning to get hold of the majority of the stakes in HGH Infrared Systems (HGH) as a tactical plan to expand the portfolio. Meanwhile, Raytheon has received a contract from the U.S. Navy regarding the implementation of electro-optical and infrared systems in its systems aboard CH-53 Sea Stallion and V-22 Osprey aircraft.

Prominent players in this global Military electro-optical and infrared systems market are:

- Airbus Group (France)
- BAE Systems Plc. (U.K)
- Elbit Systems Ltd (Israel)
- Excelitas Technologies (U.S.)
- Finmeccanica SpA (Italy)
- FLIR Systems Inc. (U.S.)
- Lockheed Martin Corporation (U.S.)
- Northrop Grumman Corporation (U.S.)
- Raytheon Company (U.S.)
- Thales Group (France)
- others

Industry Trend:

HGH Infrared Systems new Spynel-X comes with a V-LRF option that can be considered a major step forward in identifying threats. With visible channel and laser ranger finder, V-LRF option operates. This technology increases the operational range substantially and enhances picture quality.

L3 WESCAM is now partnering with Airbus Defence and Space to support of Canada's Fixed-Wing Search and Rescue (FWSAR) aircraft replacement program by integrating their MX-15 electro-optical and infrared as a part of planes.

Market Segmentation:

The global Military electro-optical and infrared systems market can be segmented by type, sensor technology, and platform.

By type, the global Military electro-optical and infrared systems market can be segmented into image intensification, laser and infrared.

Based on sensor technology, the Military electro-optical and infrared systems market includes scanning, starring, multispectral, and hyperspectral.

Platform-wise, the Military electro-optical and infrared systems market can be segmented into airborne, land-based, and naval.

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Regional Analysis:

Geographically, the global Military electro-optical and infrared systems market can be segmented namely into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (LATAM).

North America leads the global Military electro-optical and infrared systems market with considerable market revenue owing to its rising demand from sectors such as military, commercial and public safety. The region is also witnessing increasing investment in defense equipment and research and development. The U.S. is spending heavily on this technology to suit its military gears and vehicles appropriately to counter the evolving terrorist acts. The LATAM is also expecting a robust growth with significant contributions. However, the most promising region it seems is the APAC, where countries such as India, China, and Japan are investing heavily to give shape to their defense and in the process is bolstering the regional growth.

Table of Contents:

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continued........

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