Electro-optical (EO) & Infrared (IR) Sensors Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market., The Electro-optical (EO) & Infrared (IR) Sensors market is poised to register a CAGR of 3.51% during the forecast period to 2028.
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Electro-optical and infrared systems also referred to as 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, due to which EO/IR systems provide total situational awareness during both day and night, even in low light conditions.
EO/IR sensors can be deployed in many ways. They are usually mounted on aircraft or vehicles, used at sea, or are hand-carried, and can identify targets, track moving targets, and assess threats from a distance. Their applications include, but are not limited to, airborne security, combat, patrol, surveillance, reconnaissance, and search and rescue operations.
Regional Analysis
North America held the largest share in the market in 2020, primarily due to high demand from the US armed forces for the EO/IR systems. The enhanced capabilities of the adversaries on the battlefield forced the United States to increase its investment in technologically advanced weapon systems.
Key Players of Electro-optical (EO) & Infrared (IR) Sensors Market:
- Leonardo SpA
- FLIR Systems Inc.
- L3Harris Technologies Inc.
- BAE Systems PLC
- Thales Group
- Ultra-Electronics Holding
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- The Raytheon Company
- Elbit Systems Ltd.
- Saab Group
- Rockwell Collins, Inc.
- Rheinmetall AG
- Textron Inc.
- Israel Aerospace Industries and More
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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