The global Military Electro-Optical and Infrared Systems market is expected to grow at a CAGR of around 7% during 2016-2021. As per the MRFR analysis, this growth is driven by growing demand for vetronics, and investments in InGaAs detector systems.
Factors impacting the market are declining defense budget in US and UK and regulatory issues with regards to all three platforms (air, naval, and land). Shifting trend towards EO/Laser Guidance Systems is also significantly contributing towards the increase in demand.
Americas to dominate the Global Military Electro-Optical and Infrared Systems Market in 2021
Americas will dominate the electro optic and infrared sensor market during the forecast period. With increased investment and procurement of weapons systems in land, naval, and air platforms, APAC will register the maximum growth in the forecast period.
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This report includes a study of strategies of major market players in the Global Military Electro-Optical and Infrared Systems Market include Raytheon, Lockheed Martin, L-3 Communications Holdings, Inc. BAE Systems Plc. Thales group, DRS Technologies, Northrop Grumman, Elbit Systems Ltd., Harris Corporation, RheinmetallDefence AG, Textron, Rockwell Collins, II-VI, Inc., and Ultra Electronics Holdings
This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Military Electro-Optical and Infrared Systems Market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.