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Raytheon Technologies Corporation, a United States-based corporation, offers technology goods and services to the aerospace and defence sectors. The company's product line includes commercial, general aviation, and military aircraft engines, power generation management and distribution systems, engine control systems, and flight systems. Additionally, it provides solutions for hypersonic air warfare, command and control, cybersecurity, decision superiority, communications and navigation, naval warfare, land warfare, and space warfare.
Lockheed Martin Corporation, a global security and aerospace corporation, with its headquarters in Maryland in the United States, employs around 114,000 people worldwide. It focuses primarily on the manufacture, integration, and maintenance of high-tech systems, products, and services.
Thales Group, a leading provider of technology with its headquarters in Paris, France, has a reach across five continents. It is a supplier of cutting-edge technology, electronic systems, software, equipment, ground transportation, and services to the aerospace, defence, and security industries. For the land, marine, and air defence markets, the company also offers radio communications products, weapon systems, protection systems, vital information systems, network and infrastructure systems, and cybersecurity solutions.
Other market players include Northrop Grumman Corporation, BAE Systems PLC, and Rheinmetall AG, among others.
Electro-Optical/Infrared (EO/IR) Systems Market Size
Electro-Optical/Infrared (EO/IR) Systems Market Analysis
Electro-Optical/Infrared (EO/IR) Systems Market Share
Electro-Optical/Infrared (EO/IR) Systems Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electro-Optical/Infrared (EO/IR) Systems Market Analysis
8.1 Key Industry Highlights
8.2 Global Electro-Optical/Infrared (EO/IR) Systems Historical Market (2018-2023)
8.3 Global Electro-Optical/Infrared (EO/IR) Systems Market Forecast (2024-2032)
8.4 Global Electro-Optical/Infrared (EO/IR) Systems Market by Technology
8.4.1 Cooled
8.4.1.1 Historical Trend (2018-2023)
8.4.1.1 Forecast Trend (2024-2032)
8.4.2 Uncooled
8.4.2.1 Historical Trend (2018-2023)
8.4.2.1 Forecast Trend (2024-2032)
8.5 Global Electro-Optical/Infrared (EO/IR) Systems Market by Sensor Technology
8.5.1 Scanning Sensor
8.5.1.1 Historical Trend (2018-2023)
8.5.1.1 Forecast Trend (2024-2032)
8.5.2 Staring Sensor
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Electro-Optical/Infrared (EO/IR) Systems Market by Imaging Technology
8.6.1 Multispectral
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Hyperspectral
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Electro-Optical/Infrared (EO/IR) Systems Market by Wavelength
8.7.1 Ultraviolet
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Short Wavelength Infrared
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Medium Wavelength Infrared
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Long Wavelength Infrared
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Near Infrared
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.8 Global Electro-Optical/Infrared (EO/IR) Systems Market by Platform
8.8.1 Land
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Airborne
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Marine/Naval
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.9 Global Electro-Optical/Infrared (EO/IR) Systems Market by End Use
8.9.1 Military
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Commercial
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.10 Global Electro-Optical/Infrared (EO/IR) Systems Market by Region
8.10.1 North America
8.10.1.1 Historical Trend (2018-2023)
8.10.1.2 Forecast Trend (2024-2032)
8.10.2 Europe
8.10.2.1 Historical Trend (2018-2023)
8.10.2.2 Forecast Trend (2024-2032)
8.10.3 Asia Pacific
8.10.3.1 Historical Trend (2018-2023)
8.10.3.2 Forecast Trend (2024-2032)
8.10.4 Latin America
8.10.4.1 Historical Trend (2018-2023)
8.10.4.2 Forecast Trend (2024-2032)
8.10.5 Middle East and Africa
8.10.5.1 Historical Trend (2018-2023)
8.10.5.2 Forecast Trend (2024-2032)
9 North America Electro-Optical/Infrared (EO/IR) Systems Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electro-Optical/Infrared (EO/IR) Systems Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electro-Optical/Infrared (EO/IR) Systems Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electro-Optical/Infrared (EO/IR) Systems Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electro-Optical/Infrared (EO/IR) Systems Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Turkey
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Israel
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Raytheon Technologies Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Lockheed Martin Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Thales Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Northrop Grumman Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 BAE Systems PLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.4 Rheinmetall AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 L3Harris Technologies, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electro-Optical/Infrared (EO/IR) Systems Market: Key Industry Highlights, 2018 and 2032
2. Global Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Technology (USD Million), 2018-2023
3. Global Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. Global Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Sensor Technology (USD Million), 2018-2023
5. Global Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Sensor Technology (USD Million), 2024-2032
6. Global Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Imaging Technology (USD Million), 2018-2023
7. Global Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Imaging Technology (USD Million), 2024-2032
8. Global Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Wavelength (USD Million), 2018-2023
9. Global Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Wavelength (USD Million), 2024-2032
10. Global Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Platform (USD Million), 2018-2023
11. Global Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Platform (USD Million), 2024-2032
12. Global Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by End Use (USD Million), 2018-2023
13. Global Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by End Use (USD Million), 2024-2032
14. Global Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Region (USD Million), 2018-2023
15. Global Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Region (USD Million), 2024-2032
16. North America Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Country (USD Million), 2018-2023
17. North America Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Europe Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Country (USD Million), 2018-2023
19. Europe Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Asia Pacific Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Country (USD Million), 2018-2023
21. Asia Pacific Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Latin America Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Country (USD Million), 2018-2023
23. Latin America Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Middle East and Africa Electro-Optical/Infrared (EO/IR) Systems Historical Market: Breakup by Country (USD Million), 2018-2023
25. Middle East and Africa Electro-Optical/Infrared (EO/IR) Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
26. Global Electro-Optical/Infrared (EO/IR) Systems Market Structure
In 2023, the global market size for electro-optical/infrared (EO/IR) systems attained a value of nearly USD 15.07 billion.
The market for electro-optical/infrared (EO/IR) systems is projected to grow at a CAGR of 3.7% between 2024 and 2032.
The market for electro-optical/infrared (EO/IR) systems is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 18.88 billion by 2032.
The major drivers of the electro-optical/infrared (EO/IR) systems market include rising military spending, increasing accuracy, and cost- and reliability-effectiveness, and investments in the research and acquisition of electro optical systems for various military platforms.
The expanding trend of system miniaturisation, increasing need for modernisation, and growing applications of EO/IR systems are the key market trends propelling the growth of the market.
The major players in the market are Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group, Northrop Grumman Corporation, BAE Systems PLC, and Rheinmetall AG, L3Harris Technologies, Inc., among others.
Working wavelength or spectral quantum efficiency distinguishes the two: The electro-optic (EO) spectral band, often known as the near ultraviolet (UV) to near IR range of light, can be detected by a CCD, while IR detectors can detect the entire IR spectrum.
EO surveillance is a multi-sensor targeting and surveillance system that enables aircrews to find, track, and identify targets at a distance.
A sensor that uses electro-optics (EO) transforms light waves into electronic impulses. It takes a measurement of the actual amount of light and converts it into a form that a machine can read.
Optical sensors can detect light, typically in a particular area of the electromagnetic spectrum (ultraviolet, visible, and infrared). The sensor converts the wavelength, frequency, or polarisation of the detected light into an electric signal as a result of the photoelectric effect.
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