Market Share of Air-based Military Electro-optical And Infrared Systems Industry
The air-based military electro-optical & infrared systems market is semi-consolidated, as only a few players account for a significant market share. Northrop Grumman Corporation, Leonardo S.p.A., THALES, Teledyne FLIR LLC, and RTX Corporation dominate the market. These players heavily invest in R&D to develop advanced products that offer better situational awareness.
The market is also witnessing technological innovations like long-distance, infrared ranging, and sensor fusion. So, various players in the market compete to offer multiple products and services at competitive prices to meet the diverse needs of their customers. Furthermore, developing advanced products can help the players win upgrade, retrofitting, and line-fitting contracts from governments and defense agencies, propelling their growth during the forecast period.
Air-based Military Electro-optical And Infrared Systems Market Leaders
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Northrop Grumman Corporation
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Teledyne FLIR LLC
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RTX Corporation
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Leonardo S.p.A.
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THALES
*Disclaimer: Major Players sorted in no particular order
