Market Share of Electro Optics Industry
The electro optics market is highly competitive owing to the presence of many large players in the market operating their business in domestic as well as in the international market. The market is moderately concentrated with certain major players accounting for a significant share. Majorplayers in the market are adopting strategies like product and technological innovation and mergers and acquisitions. Some of the major players in the market are
- June 2019 - Lockheed Martin successfully delivered the 500thElectro-Optical Targeting System (EOTS). EOTS is the world's first sensor to combine forward-looking infrared and infrared search and track functionality to provide F-35 pilots with precise air-to-air and air-to-ground targeting capability.
- March 2019 -FLIR Systems, Inc. announced that it has completed its previously announced acquisition of Endeavor Robotic Holdings, Inc., a leading developer of battle-tested, tactical unmanned ground vehicles (UGVs) for the global military, public safety, and critical infrastructure markets, from Arlington Capital Partners.
Electro Optics Systems Market Leaders
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Lockheed Martin Corporation
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Thales Group
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Flir Systems Inc
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BAE Systems plc
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Northrop Grumman Corporation
*Disclaimer: Major Players sorted in no particular order
