Military Electro Optical and Infrared Systems Market Dynamics:
MOST GROWING REGIONS WITH THE PRESENCE OF MAJOR PLAYERS
North America is the largest market for military electro-optics and infrared systems and holds the majority share in the market. The United States is the leading market in North America, owing to its huge expenditures on obtaining and developing of electro-optical systems for different military platforms, like naval vessels, submarines, armored vehicles, aircraft, UAV, and helicopters. Most R&D for this technology is focused toward the expansion of lightweight, cost-effective, and robust systems. The market share is expected to be captured by the Asia-Pacific region. Japan, China, and India are expected to lead the growth in the region during the forecast period.
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Military Electro Optical and Infrared Systems Market Segmentation:
The market has been segmented by type (image intensification, infrared, and laser), by system (imaging and non-imaging), by platform (airborne, land, and sea), and by geography (North America, South America, Europe, Middle East & Africa, and Asia-Pacific).
Military Electro Optical and Infrared Systems Market – Key Industry Players:
Some of the key industry players are – ROCKWELL COLLINS, HARRIS CORPORATION, THALES, LOCKHEED MARTIN, AND RAYTHEON ARE SOME OF THE IMPORTANT PLAYERS IN THE GLOBAL MILITARY ELECTRO-OPTICAL AND INFRARED SYSTEMS MARKET.
Key Developments in the Military Electro Optical and Infrared Systems Market:
Recently, Lockheed Martin Canada, L3 Technologies, BAE Systems, CAE, MDA, and Ultra Electronics are partnering as Canada’s Combat Ship Team for the Royal Canadian Navy’s future fleet of surface combatants. Canada’s Combat Ship Team is offering the one of the most advanced and latest warship designs, the Type 26 Global Combat Ship (GCS), along with high-tech platform innovations from prominent Canadian companies. This ship consists of torpedo handling systems, electro-optic and infrared sensors, integrated communications, and integrated platform management system.
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Current and future market outlook in the developed and emerging markets
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The segment that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
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