The latest report, now available on ASDReports, expects the global EO/IR systems market to value US$9.1 billion in 2015 – a figure forecast to reach US$14.3 billion in 2025. EO/IR systems gather high-resolution electro-optic (EO) data during daylight and infrared (IR) imagery during the night. Globally, the need for advanced situational awareness and information dissemination is rising, making EO/IR systems a highly sought-after commodity. Many countries are investing in the development and procurement of several EO/IR based aircraft, naval vessels, ground vehicles and UAV payload systems.
Huge demand for EO/IR for UAVs and aircraft
Most of the ISR activities in a conflict zone are performed by unmanned aerial vehicles (UAVs) and aircraft. This has created a worldwide demand for airborne EO/IR systems. Aircraft now incorporate a number of EO/IR systems such as targeting and navigation pods, or infrared search and track (IRST) systems. “The arrival of UAVs has provided substantial impetus to the EO/IR market, as these unmanned vehicles are highly endurable and are thus capable of carrying more weight during take-off,” says Kar.
Technological innovations drive adoption of EO/IR
According to SDI, technological innovations are also responsible for the widespread incorporation of EO/IR systems. New versions of EO/IR systems provide higher-resolution images, while simultaneously reducing size and power consumption so that more cameras can be used on platforms that are less expensive. “This is also one of the major reasons why EO/IR systems – once only available to elite Special Forces – are now prevalent in regular army units,” adds Kar.
Report Scope: Global Military Electro Optical Infrared (EO/IR) Systems Market 2015-2025
This report offers detailed analysis of the global military EO/IR systems market with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for the global military EO/IR systems market, key market trends, and challenges faced by industry participants. In particular, it provides an in-depth analysis of the following:
Source: ASDReports - Market Research
Date: Feb 6, 2017