Visiongain has published a new report: Military Electro-Optical and Infrared (EO/IR) Systems Market Report 2022-2032: Forecasts by Type (Imaging EO/IR System, Non-imaging EO/IR System), by Platform (Airborne EO/IR System, Ground EO/IR System, Naval EO/IR System), by Application (Military Intelligence, Military Surveillance, Military Reconnaissance, Others), by Wavelength (Ultraviolet Wavelength, Near-Infrared Wavelength, Short Wavelength, Medium Wavelength, Long Wavelength) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis.

The global military electro-optical and infrared (EOIR) systems market was valued at more than US$8.00 billion in 2022 and is projected to grow at a CAGR of 16.4% during the forecast period 2022-2032.

Expanding Aerospace and Defence Sector
Over the next few years, it is anticipated that the expanding aviation industry and rising terrorist activity will create new market opportunities for air & missile defence systems. Major economies around the world are updating their military fleet to keep up with the rate of change in contemporary warfare. These nations are investing in the purchase of cutting-edge military aircraft, which will fuel the market. In addition to buying new planes, a number of economies are concentrating on updating their ageing fleet. These improvements are primarily concentrated on improving the aircraft's navigation and communication systems.

How will this Report Benefit you?
Visiongain’s 376-page report provides 177 tables and 172 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global military electro-optical and infrared (EOIR) systems market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for military electro-optical and infrared (EOIR) systems. Get financial analysis of the overall market and different segments including type, technique, origin, application, and company size and capture higher market share. We believe that there are strong opportunities in this fast-growing military electro-optical and infrared (EOIR) systems market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

Strategic Initiatives taken by Leading Companies
Prominent companies operating in this industry are adopting different strategies such as new product development, technological innovation, facility expansion, investment, research and development, merger & acquisition, partnership, contract, and agreement in order to increase their geographical presence and consumer base in order to cater growing industry requirements.

Competitive Landscape
The global military electro-optical and infrared (EOIR) systems industry is highly competitive in nature as large number of players are operating in developed as well as developing economies. Some leading companies operating in this industry are Northrop Grumman, Lockheed Martin Corporation, Raytheon Technologies, Thales SA, Elbit Systems Ltd, L3Harris Technologies, General Dynamics Corporation , BAE Systems plc , Saab AB , Teledyne Technologies, Textron, Israel Aerospace Industries, Boeing, Corning Incorporated, CONTROP, Hensoldt AG, Rockwell Collins, Moog, Leidos Holdings, ManTech International Corporation, Logos Technologies , Rheinmetall AG , Kollmorgen, ASELSAN, and Airbus.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to contactus@visiongain.com or call +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

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