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Air-based Military Electro-optical And Infrared Systems Market Size (2024 - 2029)

The air-based military electro-optical and infrared systems market is projected to experience steady growth as nations enhance their airborne intelligence, surveillance, and reconnaissance capabilities. This expansion is driven by increased defense spending, the rising threat of terrorism and border conflicts, the development of new aerial platforms, and advancements in sensor technologies. Despite challenges such as design constraints, technological limitations, supply chain risks, and budget cuts, the market is anticipated to grow positively. Future opportunities are expected with the emergence of new technologies and applications, including hyperspectral imaging sensors and systems for counter-drone operations.

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Market Size of Air-based Military Electro-optical And Infrared Systems Industry

Air-based Military Electro-optical And Infrared Systems Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 4.83 Billion
Market Size (2029) USD 5.56 Billion
CAGR (2024 - 2029) 2.84 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Air-based Military Electro-optical And Infrared Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

Air-based Military Electro-optical And Infrared Systems Market Analysis

The Air-based Military Electro-optical And Infrared Systems Market size is estimated at USD 4.70 billion in 2023, and is expected to reach USD 5.41 billion by 2028, growing at a CAGR of 2.84% during the forecast period (2023-2028).

The global market for air-based military electro-optical and infrared systems is expected to grow steadily as countries seek to enhance their airborne intelligence, surveillance, and reconnaissance (ISR) capabilities.

Some key factors driving the market growth are the increasing defense expenditures of various nations, the rising threat of terrorism and border conflicts, the development of new-generation aerial platforms, and the advancement of sensor technologies. However, the market also faces some challenges, such as design constraints, technological limitations, supply chain risks, and budget cuts that may hamper market growth in some countries. Still, with the current growth rate, the market is expected to grow positively during the forecast period.

The market is also expected to witness several opportunities in the future as new technologies and applications emerge, such as the development of hyperspectral imaging sensors that can capture images across a wide range of wavelengths and the adoption of these systems for counter-drone operations.

Air-based Military Electro-optical And Infrared Systems Industry Segmentation

Electro-optical and infrared systems, or EO/IR systems, cover a wide range of distinct technologies based on targets and their missions. These sensors include both visible spectrum and infrared sensors, which is why EO/IR systems provide total situational awareness day and night, even in low light conditions. Their applications include, but are not limited to, security, combat, patrol, surveillance, reconnaissance, and search and rescue operations.

The air-based military electro-optical and infrared systems market is segmented by imaging technology and geography. By imaging technology, the market is segmented into multi-spectral and hyper-spectral. The report also covers the market sizes and forecasts for the air-based electro-optical and infrared systems in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Imaging Technology
Multi-Spectral
Hyper-Spectral
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
Israel
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Air-based Military Electro-optical And Infrared Systems Market Size Summary

The air-based military electro-optical and infrared systems market is poised for steady growth as nations worldwide enhance their airborne intelligence, surveillance, and reconnaissance capabilities. This growth is driven by increasing defense expenditures, the rising threat of terrorism and border conflicts, and advancements in sensor technologies. Despite challenges such as design constraints and supply chain risks, the market is expected to expand positively during the forecast period. The development of new-generation aerial platforms and the emergence of technologies like hyperspectral imaging sensors are anticipated to create significant opportunities, particularly for counter-drone operations. The demand for advanced systems is further fueled by the need for enhanced military capabilities in response to global conflicts and modernization efforts by major powers.

In the Asia-Pacific region, countries like China, India, and Japan are significantly boosting their defense budgets to develop and modernize their aircraft fleets, driven by regional tensions and security threats. This has led to increased procurement of aerial systems and advanced electro-optical and infrared systems. The market is semi-consolidated, with key players such as Northrop Grumman Corporation, Leonardo S.p.A., THALES, Teledyne FLIR LLC, and RTX Corporation dominating through substantial investments in R&D. These companies are focused on technological innovations and competitive pricing to meet diverse customer needs, securing contracts for upgrades and new installations. The market's growth is further supported by strategic developments and collaborations, such as the US government's supply of infrared systems to Taiwan and India's defense acquisition projects.

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Air-based Military Electro-optical And Infrared Systems Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Imaging Technology

      1. 2.1.1 Multi-Spectral

      2. 2.1.2 Hyper-Spectral

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Russia

        5. 2.2.2.5 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 India

        2. 2.2.3.2 China

        3. 2.2.3.3 Japan

        4. 2.2.3.4 South Korea

        5. 2.2.3.5 Rest of Asia-Pacific

      4. 2.2.4 Latin America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Mexico

        3. 2.2.4.3 Rest of Latin America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Israel

        2. 2.2.5.2 Saudi Arabia

        3. 2.2.5.3 South Africa

        4. 2.2.5.4 Rest of Middle-East and Africa

Air-based Military Electro-optical And Infrared Systems Market Size FAQs

The Air-based Military Electro-optical And Infrared Systems Market size is expected to reach USD 4.83 billion in 2024 and grow at a CAGR of 2.84% to reach USD 5.56 billion by 2029.

In 2024, the Air-based Military Electro-optical And Infrared Systems Market size is expected to reach USD 4.83 billion.

Air-based Military Electro-optical And Infrared Systems Market Report Snapshots

Air-based Military Electro-optical and Infrared Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)