3 Global Military Electro Optical Infrared (EO/IR) Systems Market Size and Drivers
3.1 Military Electro Optical Infrared (EO/IR) Systems Market Size and Forecast 2014-2024
3.1.1 Global military electro optical infrared (EO/IR) systems market to show positive growth during the forecast period
3.2 Global Military Electro Optical Infrared (EO/IR) Systems Market - Regional Analysis
3.2.1 North America to drive the demand for the military EO/IR Systems market over the forecast period
3.2.2 The US will lead the global expenditure on Military Electro Optical Infrared Systems
3.2.3 Military EO/IR systems market to be robust in Europe
3.2.4 Military Electro Optical Infrared Systems market to exhibit a CAGR of 4.37% in the Asia-Pacific region
3.2.5 Spending in the Middle East is expected to be driven by an increased focus on ISR capabilities
3.2.6 The Military Electro Optical Infrared Systems Market in Latin America expected to register a moderate to strong growth over the forecast period
3.2.7 Markets in Africa expected to increase over the forecast period
3.3 Military Electro Optical Infrared (EO/IR) Systems Sub-Sector Market Size Composition
3.3.1 Airborne and naval systems to constitute nearly 83% of the military electro optical infrared (EO/IR) systems market
3.3.2 Airborne EO/IR Systems to form the largest market segment over the forecast period
3.3.3 Investment in Naval EO/IR Systems to grow at a CAGR of 5.68% over the forecast period
3.3.4 Ground-based EO/IR Systems to witness sustained investment throughout the forecast period
3.4 Demand Drivers and Growth Stimulators
3.4.1 Need for advanced surveillance and combat capabilities driving demand for EO/IR Systems
3.4.2 Rapid technological advancements to drive the EO/IR market
3.4.3 Global need to shorten mission cycle time to fuel EO/IR demand
3.5 Defense Budget Spending Review
3.5.1 European capital expenditure expected to increase during the forecast period
3.5.2 Asian defense budgets expected to increase at a robust pace
3.5.3 North American defense expenditure projected to increase marginally during the forecast period
3.5.4 Modernization programs likely to drive defense expenditure in South American countries
3.5.5 Military budgets of African countries expected to increase during the forecast period
3.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period
3.6 Defense Modernization Review
3.6.1 Financial constraints causing delays in European defense modernization programs
3.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions
3.6.3 Global economic slowdown leading to defense budget cuts in the North American region
3.6.4 Need to replace aging equipment driving South American defense expenditure
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Marel Q1 2024 Investor Presentation from May 8, 2024
Global Military Electro Optical Infrared (EO-IR) Market 2014-2024 ( Defense and Security )
1. Global Military Electro Optical Infrared (EO-IR) Market 2014-2024
ResearchMoz include new market research report" Global Military Electro Optical Infrared (EO-IR)
Market 2014-2024: Industry Analysis, Size, Share, Growth, Trends And Forecast" to its huge
collection of research reports.
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Table of Content
1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Executive Summary
3 Global Military Electro Optical Infrared (EO/IR) Systems Market Size and Drivers
3.1 Military Electro Optical Infrared (EO/IR) Systems Market Size and Forecast 2014-2024
3.1.1 Global military electro optical infrared (EO/IR) systems market to show positive growth during the
forecast period
3.2 Global Military Electro Optical Infrared (EO/IR) Systems Market - Regional Analysis
3.2.1 North America to drive the demand for the military EO/IR Systems market over the forecast period
3.2.2 The US will lead the global expenditure on Military Electro Optical Infrared Systems
3.2.3 Military EO/IR systems market to be robust in Europe
2. 3.2.4 Military Electro Optical Infrared Systems market to exhibit a CAGR of 4.37% in the Asia-Pacific
region
3.2.5 Spending in the Middle East is expected to be driven by an increased focus on ISR capabilities
3.2.6 The Military Electro Optical Infrared Systems Market in Latin America expected to register a
moderate to strong growth over the forecast period
3.2.7 Markets in Africa expected to increase over the forecast period
3.3 Military Electro Optical Infrared (EO/IR) Systems Sub-Sector Market Size Composition
3.3.1 Airborne and naval systems to constitute nearly 83% of the military electro optical infrared (EO/IR)
systems market
3.3.2 Airborne EO/IR Systems to form the largest market segment over the forecast period
3.3.3 Investment in Naval EO/IR Systems to grow at a CAGR of 5.68% over the forecast period
3.3.4 Ground-based EO/IR Systems to witness sustained investment throughout the forecast period
3.4 Demand Drivers and Growth Stimulators
3.4.1 Need for advanced surveillance and combat capabilities driving demand for EO/IR Systems
3.4.2 Rapid technological advancements to drive the EO/IR market
3.4.3 Global need to shorten mission cycle time to fuel EO/IR demand
3.5 Defense Budget Spending Review
3.5.1 European capital expenditure expected to increase during the forecast period
3.5.2 Asian defense budgets expected to increase at a robust pace
3.5.3 North American defense expenditure projected to increase marginally during the forecast period
3.5.4 Modernization programs likely to drive defense expenditure in South American countries
3.5.5 Military budgets of African countries expected to increase during the forecast period
3.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period
3.6 Defense Modernization Review
3. 3.6.1 Financial constraints causing delays in European defense modernization programs
3.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions
3.6.3 Global economic slowdown leading to defense budget cuts in the North American region
3.6.4 Need to replace aging equipment driving South American defense expenditure
3.6.5 Security threats increasing the defense budget of African countries
3.6.6 Demand for air defense systems is likely to increase in the Middle East
4 Industry Trends, Recent Developments and Challenges
4.1 Technological Developments
4.1.1 New technologies to boost development in night vision goggles
4.1.2 Hyper spectral sensor payloads to provide enhanced monitoring and detection capabilities
4.1.3 Strained-Layer-Superlattice Infrared Camera for UAV Payloads
4.1.4 New precision targeting system to increase accuracy of threat detection and response capabilities
4.2 Market Trends
4.2.1 Development of new software applications compatible with EO/IR Systems
4.2.2 The market is currently witnessing a shift from the procurement of conventional UAVs to Mini, Micro
and Nano UAVs, thus resulting in the procurement of related EO/IR Systems
4.2.3 Electro-optical systems becoming extremely popular with ground forces
4.3 Industry Consolidation
4.3.1 Joint ventures expected to increase over the forecast period
4.3.2 Companies making acquisitions in the EO/IR Systems segment to harness the significant
opportunities
4.4 Key Challenges
4.4.1 Austerity measures slowing down procurements
4. 4.4.2 Miniaturization is becoming a major challenge for the industry
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