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Military Electro-optics/Infrared (EO/IR) Systems Market Share

Report ID: GMI5736
Published Date: Dec 2024
Report Format: PDF

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Military Electro-optics/Infrared (EO/IR) Systems Market Share

Lockheed Martin Corporation, Northrop Grumman, and BAE Systems plc are prominent in the market, each contributing advanced technologies to enhance defense capabilities. Lockheed Martin develops integrated EO/IR solutions for various platforms, focusing on situational awareness and precise targeting. Northrop Grumman provides high-performance sensor systems that support surveillance, reconnaissance, and multi-domain operations. BAE Systems offers advanced imaging and sensor technologies that improve operational effectiveness and mission success. These companies prioritize innovation, incorporating AI, machine learning, and cutting-edge data processing to address evolving security challenges and bolster military readiness across air, land, and naval platforms.

Military Electro-optics/Infrared (EO/IR) Systems Market Companies

Major players operating in the Military Electro-optics/Infrared (EO/IR) Systems industry are:

Aselsan A.S.
BAE Systems plc
CONTROP Precision Technologies Ltd.
Elbit Systems Ltd.
Excelitas Technologies Corp.
Hensoldt AG
Indra Sistemas, S.A.
Israel Aerospace Industries
L3Harris Technologies, Inc.
Leonardo S.p.A.
Lockheed Martin Corporation
Northrop Grumman
Rafael Advanced Defense Systems Ltd.
Rheinmetall AG
Safran SA
Teledyne FLIR LLC
Textron Systems
Thales Group
Ultra Electronics Holdings plc

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for military electro-optics/infrared (EO/IR) systems was valued at USD 8.4 billion in 2024 and is projected to reach USD 12 billion by 2034, driven by a CAGR of 3.8% during the forecast period, fueled by the growing need for Intelligence, Surveillance, and Reconnaissance (ISR).

Electro-optical (EO) systems held a 42.4% market share in 2024, driven by their high-resolution imaging and surveillance capabilities, which enhance reconnaissance and situational awareness.

The North America military EO/IR systems market is expected to exceed USD 4.1 billion by 2034, driven by significant investments in military modernization and advancements in surveillance technologies.

Key players in the market include Aselsan A.S., BAE Systems plc, CONTROP Precision Technologies Ltd., Elbit Systems Ltd., Excelitas Technologies Corp., Hensoldt AG, Indra Sistemas, S.A., Israel Aerospace Industries, L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation, and Northrop Grumman.