Military Electro-Optics/Infrared Systems Market by Platform, System (Targeting, Imaging), Technology (Uncooled, Cooled), Sensor Technology (Staring, Scanning), Imaging Technology (Hyperspectral, Multispectral), and Region - Global Forecast to 2022
Report Description: “The military electro-optics/infrared systems market is projected to grow at a CAGR of 5.75% from 2016 to 2022” The military electro-optics/infrared systems market is estimated to be USD 10.15 billion in 2016, and is projected to reach USD 14.20 billion by 2022, at a CAGR of 5.75% from 2016 to 2022. Increasing demand for battlespace awareness by defense forces and increasing deployment of electro-optics/infrared systems in unmanned aerial vehicles are key factors driving the growth of the military electro-optics/infrared systems market. However, stagnant product life cycle is one of the most significant factors restraining market growth. “The airborne platform segment to account for the largest share of the military electro-optics/infrared systems market” The airborne platform segment is estimated to account for the largest share of the military electro-optics/infrared systems market. This large share is mainly attributed to the increasing applicab...