Global Military Electro-optical/Infrared Systems Market 2020-2030 – GlobeNewswire
New York, July 23, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Military Electro-optical/Infrared Systems Market 2020-2030” – https://www.reportlinker.com/p05935295/?utm_source=GNW
The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by industry participants.
It also offers insights regarding key factors and government programs that are expected to influence the demand for EO/IR systems over the forecast period.
The military EO/IR market is witnessing greater demand from airborne platforms leading to sustained investment in the airborne EO/IR segment.Modern airborne warfare platforms are becoming increasingly focused on information superiority and situational awareness, and this is expected to be a major factor driving spending in this sector.
This theory is further supported by increasing investments by most major militaries in targeting systems, infrared countermeasure systems, high resolution payloads, and other systems.North America accounted for a significant share of the market in 2020, primarily due to high demand from the US armed forces for EO/IR systems.
The increasing funding from the US government for R&D activities and domestic demand from the military are key contributors to the US market for military EO/IR systems.Global technologies and developments in military EO/IR have led to the adoption of these systems on large numbers of warfare platforms. Research in the field of 3rd generation forward-looking infrared, nonlinear crystals, advanced smart sensors and seekers, laser radars, advanced 3D visualization, persistent surveillance systems, multispectral and hyperspectral sensors, is leading