Military Electro-Optical and Infrared Systems Market to witness a CAGR growth of 7% during the forecast period
The global Military Electro-Optical and Infrared Systems market is expected to grow at a CAGR of around 7% during 2016-2021. As per the MRFR analysis, this growth is driven by growing demand for vetronics, and investments in InGaAs detector systems.
Factors impacting the
market are declining defense budget in US and UK and regulatory issues with
regards to all three platforms (air, naval, and land). Shifting trend towards
EO/Laser Guidance Systems is also significantly contributing towards the increase
in demand.
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Americas to dominate the Global Military Electro-Optical and Infrared Systems Market in 2021
Americas will dominate
the electro optic and infrared sensor market during the forecast period. With
increased investment and procurement of weapons systems in land, naval, and air
platforms, APAC will register the maximum growth in the forecast period.
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This report includes a
study of strategies of major market players in the Global Military
Electro-Optical and Infrared Systems Market include Raytheon, Lockheed
Martin, L-3 Communications Holdings, Inc. BAE Systems Plc. Thales group, DRS
Technologies, Northrop Grumman, Elbit Systems Ltd., Harris Corporation,
RheinmetallDefence AG, Textron, Rockwell Collins, II-VI, Inc., and Ultra
Electronics Holdings
This research report
provides detailed insights, into various levels of analyses such industry
analysis, market share analysis leading market players and their profiles. This
report also helps in studying the target segments by providing views on
emerging & high-growth segments and market conclusion. Together the market
data comprise and discuss with the basic assessments on the competitive
scenarios & strategies, of the Global Military Electro-Optical and
Infrared Systems Market, including the high-growth regions, countries and their
political, economical and technological environments. Furthermore, the project
report also provides views over the historic market values as well as, pricing
and cost analysis of the same.
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