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Air-based Military Electro Optics Infrared System Market Share

Report ID: GMI12271
Published Date: Nov 2024
Report Format: PDF

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Air-based Military Electro Optics Infrared System Market Share

Air-based Military Electro Optics Infrared System Market Analysis, 2024

Northrop Grumman, Lockheed Martin, and BAE Systems are heavily involved in advancing air-based EOIR systems for military applications. Northrop Grumman focuses on integrating advanced infrared sensors and thermal imaging technologies into its defense platforms, enhancing ISR and targeting capabilities. Lockheed Martin develops multi-functional EOIR systems for fighter jets and UAVs, improving mission effectiveness. BAE Systems combines cutting-edge sensor technologies with AI to enhance situational awareness and precision targeting, offering solutions for air, land, and naval platforms, while supporting global defense modernization efforts.

Air-based Military Electro Optics Infrared System Market Companies

Major players operating in the industry are:

BAE Systems plc
CONTROP Precision Technologies Ltd.
Elbit Systems Ltd.
Excelitas Technologies Corp.
Israel Aerospace Industries
L3Harris Technologies, Inc.
Leonardo S.p.A.
Lockheed Martin Corporation
Northrop Grumman
Raytheon Technologies Corporation
Rheinmetall AG
Saab AB
Safran SA
Teledyne FLIR LLC
Thales Group
Ultra Electronics Holdings plc

Authors: Suraj Gujar , Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for air-based military electro-optics infrared system was valued at USD 4.9 billion in 2024 and is projected to reach USD 6.8 billion by 2034, driven by a CAGR of 3.4% from 2025 to 2034.

In 2024, the infrared segment held the largest market share at 49.5%, driven by its crucial role in enhancing target detection and imaging in low-visibility conditions.

North America market held the largest share of 32.5% in 2024, driven by significant defense budgets and technological advancements, particularly in the U.S.

Major players in the industry include BAE Systems plc, CONTROP Precision Technologies Ltd., Elbit Systems Ltd., Excelitas Technologies Corp., Israel Aerospace Industries, L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation, and Northrop Grumman.