Electro-optics are largely used for military applications on different platforms. These systems include both visible and IR sensors and provide situational awareness in both, day and night time. These systems are largely utilized by military forces for imaging, targeting, and surveillance applications and improve situational awareness during day-night, and low-light conditions. Image stabilization and long-range imaging capabilities are two key elements of these systems. These systems are usually installed on military vehicles, aircraft, ships, and UAVs and their usage is primarily focused on target recognition, tracking mobile targets, surveillance, and imaging, even over great distances and in adverse weather conditions. These advanced systems provide the advantage of stabilized panoramic viewing and targeting. The platform remains one of the key application areas of electro-optics as a whole and captures over 40% of the total electro-optical system market.
This report contains market size and forecasts of Military Platform Electro-Optics in global, including the following market information:
Global Military Platform Electro-Optics Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Military Platform Electro-Optics Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Military Platform Electro-Optics companies in 2021 (%)
The global Military Platform Electro-Optics market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Multispectral Electro-Optics Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Military Platform Electro-Optics include L3Harris Technologies, Raytheon Technologies Corporation, Lockheed Martin Corporation, Leonardo S.p.A., Elbit Systems, Thales Group, BAE Systems, Northrop Grumman and Safran Group and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Military Platform Electro-Optics manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Military Platform Electro-Optics Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Military Platform Electro-Optics Market Segment Percentages, by Type, 2021 (%)
Multispectral Electro-Optics
Hyperspectral Electro-Optics
Global Military Platform Electro-Optics Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Military Platform Electro-Optics Market Segment Percentages, by Application, 2021 (%)
Airborne Electro-Optics
Land Electro-Optics
Naval Electro-Optics
Global Military Platform Electro-Optics Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Military Platform Electro-Optics Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Military Platform Electro-Optics revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Military Platform Electro-Optics revenues share in global market, 2021 (%)
Key companies Military Platform Electro-Optics sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Military Platform Electro-Optics sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
L3Harris Technologies
Raytheon Technologies Corporation
Lockheed Martin Corporation
Leonardo S.p.A.
Elbit Systems
Thales Group
BAE Systems
Northrop Grumman
Safran Group
Teledyne FLIR LLC