Electro-optical (EO) and infrared (IR) technologies are of great interest to military users on land, at sea, and in the air, according to the latest market report from VG-Defence, “Military Electro-Optical And Infrared (EO/IR) Systems Market Report 2018-2028.” The global study projects $11.65 billion in spending in military EO and IR systems in 2018 and provides projections in terms of different countries, contracts, and defense programs.
The report also projects that the increased growth and investment trends in EO and IR systems is expected to continue steadily from 2018 through 2028, with strong investment opportunities in these technologies. The study points to the greater geographical dispersal of threats as one of the reasons for the increased interest in EO and IR systems as means of detecting and responding to those threats.
The 446-page report includes over 330 tables, charts, and graphs, and provides forecasts for 14 national military EO/IR systems spending summaries. These include the U.S., the United Kingdom, Germany, France, India, Israel, Saudi Arabia, and South Korea. Analyses are provided for other significant countries, including China and Russia. Forecasts include how investments are expected in terms of ground, airborne, and naval systems. The research presents profiles of the 14 leading military EO/IR system market leaders, such as Elbit Systems Ltd., Leonardo SpA, FLIR Systems, Inc., Israel Aerospace Industries, L3 Technologies, Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., and Rockwell Collins.