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The global military EO/IR Systems market is estimated to value US$9.1 billion in 2015, and increase at a CAGR of 4.66% during the forecast period, to reach its peak of US$14.3 billion by 2025. The market consists of three categories: airborne, naval, and ground based EO/IR Systems.
Reasons To Buy
"The Global Military Electro Optical Infrared (EO/IR) Systems Market 2015-2025 - Market Size and Drivers: Market Profile" allows you to:
- Gain insight into the Military Electro Optical Infrared (EO/IR) Systems market with current and forecast market values.
- Understand the key drivers and attractiveness parameters of the global Military Electro Optical Infrared (EO/IR) Systems market.
- Understand the various factors impacting the growth of the Military Electro Optical Infrared (EO/IR) Systems market.
Table of Contents
1.1 What is this Report About?
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Global Military Electro Optical Infrared (EO/IR) Systems Market Size and Drivers
2.1 Military Electro Optical Infrared (EO/IR) Systems Market Size and Forecast 2015-2025
2.1.1 Global military electro optical infrared (EO/IR) systems market to show positive growth during the forecast period
2.2 Global Military Electro Optical Infrared (EO/IR) Systems Market - Regional Analysis
2.2.1 North America to drive the demand for the military EO/IR Systems market over the forecast period
2.2.2 The US will lead the global expenditure on Military Electro Optical Infrared Systems
2.2.3 Military EO/IR systems market to be robust in Europe
2.2.4 Military Electro Optical Infrared Systems market to exhibit a CAGR of 5.40% in the Asia-Pacific region
2.2.5 Spending in the Middle East is expected to be driven by an increased focus on ISR capabilities
2.2.6 The Military Electro Optical Infrared Systems Market in Latin America expected to register a moderate to strong growth over the forecast period
2.2.7 Markets in Africa expected to increase over the forecast period
2.3 Military Electro Optical Infrared (EO/IR) Systems Sub-Sector Market Size Composition
2.3.1 Airborne systems to constitute nearly 77% of the military electro optical infrared (EO/IR) systems market
2.3.2 Airborne EO/IR Systems to form the largest market segment over the forecast period
2.3.3 Ground-based EO/IR Systems to witness sustained investment throughout the forecast period
2.3.4 Investment in Naval EO/IR Systems to grow at a CAGR of 4.22% over the forecast period
2.4 Demand Drivers and Growth Stimulators
2.4.1 Growing need for surveillance and combat capabilities to drive demand for EO/IR Systems
2.4.2 Rapid technological advancements to drive the EO/IR market
2.4.3 Global need to shorten mission cycle time to fuel EO/IR demand
2.5 Defense Budget Spending Review
2.5.1 North American defense expenditure projected to decline marginally during the forecast period
2.5.2 Asian defense budgets expected to increase at a robust pace
2.5.3 European capital expenditure expected to increase during the forecast period
2.5.4 Modernization programs likely to drive defense expenditure in Latin American countries
2.5.5 Defense budgets of Middle Eastern countries likely to increase during the forecast period
2.5.6 Military budgets of African countries expected to increase during the forecast period
2.6 Defense Modernization Review
2.6.1 Financial constraints causing delays in European defense modernization programs
2.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions
2.6.3 Global economic slowdown leading to defense budget cuts in the North American region
2.6.4 Need to replace aging equipment driving South American defense expenditure
2.6.5 Security threats increasing the defense budget of African countries
2.6.6 Demand for air defense systems is likely to increase in the Middle East
3.2 About SDI
List of Tables
Table 1: Global Military Electro Optical Infrared (EO/IR) Systems Market Overview
Table 2: Global Military Electro Optical Infrared Systems Market Overview
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