Report: Military Electro-optical and Infrared Systems Market
September 9, 2015 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Military Electro-optical and Infrared Systems Market 2015-2019" report to their offering.
The global military electro-optical and infrared systems market to grow at a CAGR of 6.07% during 2015-2019.
Global Military Electro-Optical and Infrared Systems Market 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. The report covers the Americas, APAC, and EMEA markets, and includes the key vendors operating in the market.
The report includes the present scenario and the growth prospects of the global military electro-optical and infrared systems market for the period 2015-2019. The market can be segmented based on airborne, land-based, and naval platforms.
One major trend in this market is the shift toward LWIR system. Battlefield environments have taken a new technological trend with the LWIR systems, which provide armored vehicles with upgraded thermal imaging capacities and improved target detection, recognition, and identification of the range.
According to the report, one key driver of this market is the growing demand for vetronics. Of late, military organizations are opting for cost-effective electronics and electro-optic systems for combat vehicles. The growth is led by rising demand, the changing nature of warfare, and advances in technology in vehicle electronics, which involves RF jamming devices and EO/IR sensors to help identify the warfare situation.
Further, the report states that one of the major challenges is the issues with unmanned systems. Unmanned systems have become an integral part of military operations. These systems are used by a variety of platforms such as airborne, land-based, and naval. But they are heavily depended on EO/IR systems to see and avoid obstacles, detect movement, navigate accurately, find the enemy, and warn on the explosive devices.
Suggested Items
SPEA Expands in Southeast Asia with New Subsidiary in Thailand
05/17/2024 | SPEASPEA, a global leader in automatic test equipment for the manufacturing of semiconductor, microelectronic and electronic devices, today announced the opening of its new subsidiary in Thailand. This expansion marks a significant step forward in SPEA's commitment to serving the growing Southeast Asian microchip and electronics market with leading-edge manufacturing machinery and equipment.
PCB Market Size to Grow by $29.06B from 2024-2028
05/17/2024 | PRNewswireThe global printed circuit board (PCB) market size is estimated to grow by USD 29.06 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.6% during the forecast period.
AT&S 2024/25 on Growth Course Again
05/17/2024 | AT&SAT&S operated in a challenging market environment in the financial year 2023/24. After a strong second quarter, demand was relatively weak again in some market segments in the second half of the financial year.
Shipments of OLED Monitors Hit 200,000 Units in 1Q24, Annual Forecast to Reach 1.34 Million
05/17/2024 | TrendForceTrendForce’s latest report reveals a robust start to 2024 for OLED monitors, with shipments reaching approximately 200,000 units in the first quarter—marking a YoY growth of 121%.
Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China
05/16/2024 | MagnachipMagnachip Semiconductor Corporation celebrated the opening ceremony of Magnachip Technology Company, Ltd. (MTC) yesterday at its headquarters located in Hefei, China. MTC is a subsidiary of Magnachip, established on December 20, 2023, to expand the Company’s display driver IC and power IC businesses in China.