The Military Electro-Optics/Infrared (EO/IR) Systems Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Military Electro-Optics/Infrared (EO/IR) Systems Market?
The market size of the military electro-optics/infrared (EO/IR) systems has seen robust expansion in recent years. The value of the market is projected to increase from $10.29 billion in 2024 to $10.94 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Military Electro-Optics/Infrared (EO/IR) Systems Industry?
The Military Electro-Optics/Infrared Systems Global Market Report 2025 predicts that the market will expand to $14.2 billion by 2029, growing at a compound annual growth rate of 6.7%.
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What are the Key Growth Drivers Fueling the Military Electro-Optics/Infrared (EO/IR) Systems Market?
The key drivers in the military electro-optics/infrared (eo/ir) systems market are:
• Geopolitical instabilities fueling need for advanced defense technology
• Growing emphasis on unmanned systems and counter drone capabilities
• Enhanced requirements for disaster response and improved targeting and fire control
• Technological advancements like Command and Control systems integration, 3D imaging, improved image processing algorithms, and cybersecurity for EO/IR systems.
Global Market Segmentation: Identifying Major Military Electro-Optics/Infrared (EO/IR) Systems Industry Segments
The military electro-optics/infrared (EO/IR) systems market covered in this report is segmented –
1) By Product Type: Handheld System, EO/IR Payload.
2) By Component: Human Machine Interfaces, Stabilization Units, Control Systems, Optics, Sensors, Processor.
3) By Imaging Technology: Scanning, Starring, Hyperspectral, Multispectral.
4) By Platform: Land, Airborne, Naval.
5) By Application: Military Intelligence, Surveillance, Reconnaissance.
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What are the Emerging Trends Shaping the Future of the Military Electro-Optics/Infrared (EO/IR) Systems Market?
The key trends in the military electro-optics/infrared (eo/ir) systems market are:
• A trend in integrating EO/IR systems with command and control (C2) systems is emerging.
• Significant strides are being made regarding the development of 3D imaging technologies.
• Advances in image processing algorithms represent a key future trend.
• There's a focus on bolstering cybersecurity measures for EO/IR systems, which is another noteworthy trend.
Who Are the Top Competitors & Leading Players in the Military Electro-Optics/Infrared (EO/IR) Systems Market?
The major players in the military electro-optics/infrared (eo/ir) systems market are:
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Thales Group
• L3Harris Technolo
Regional Dominance: Which Area Leads the Global Military Electro-Optics/Infrared (EO/IR) Systems Market?
North America was the largest region in the military electro-Optics/Infrared (EO/IR) Systems market in 2024
