Electro Optical Systems Market
Electro Optical Systems Market Size, Share, Trends, Growth Analysis, By Platform (Airborne, Ground, Naval), By System Type (Imaging, Non-Imaging), By Application (Military, Commercial) & Region - Global Market Insights 2022 to 2032
Analysis of Electro Optical Systems Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electro Optical Systems Market Outlook (2022 to 2032)
The global electro optical systems market is valued at US$ 12 billion in 2022 and is expected to exhibit a CAGR of 4.1% and reach US$ 18 billion by the end of 2032.
An electro optical system is an electronic device that combines electro optical and infrared sensors to deliver correct optical information, both during the day and at night. An electro optical sensor is capable of converting light into an electric signal. Furthermore, the infrared sensor can identify any object in its vicinity by producing or detecting infrared radiation.
As a result, electro-optical systems are primarily used to improve target identification, monitor targets in various weather conditions, and assess threats from a given distance. These systems can be installed on aircraft, vehicles, helmets, ships, and military weapons, or even used as a hand-held detecting device.
Electro optical systems are utilized to enhance the abilities of military and commercial applications due to their long-range imaging capabilities and high image stabilization. These systems are widely utilized, particularly in the defense sector, for a variety of applications such as fire control systems, situational awareness, search and rescue, airborne homeland security, and intelligence, surveillance, and reconnaissance (ISR). Growing demand for sophisticated defense systems and equipment is expected to drive the sales of electro optical systems.
With a spike in the number of various kinds of attacks, images in decision-making processes are becoming particularly prominent, supporting the use of electro optic technologies to effectively combat the rising security threats and quicken the decision-making process. These aspects are projected to boost the demand for electro optical systems.
Moreover, electro optical systems are used in the aerospace industry for non-destructive testing. Furthermore, border protection authorities make considerable use of these systems to track an invasion effort. As terrorist operations increase across numerous ountries, there is a huge demand for improved monitoring systems and the need to prevent terrorist organizations' incursion efforts.
Some of the major tasks of the armed forces are intelligence, surveillance, and target acquisition, which are supported by electro optical systems. These systems include multispectral day and night imaging sensors, infrared targeting pods, and laser rangefinders (LRF). Such features have contributed to the growing demand for electro optical systems in the defense and military sectors.
Furthermore, continuing advancements in electro optical systems, such as guidance for defense gunnery, 24-hour situational awareness, 360-degree rotation, and automated object detection, are anticipated to provide lucrative opportunities in the electro optical systems market.
| Report Attributes | Details |
|---|---|
| Electro Optical Systems Market Size (2022) | US$ 12 Billion |
| Projected Market Value (2032) | US$ 18 Billion |
| Global Market Growth Rate (2022 to 2032) | 4.1% CAGR |
| North America Market Share (2021) | 34% |
| Europe Market Share (2021) | 22% |
| Key Companies Profiled | L3Harris Technologies, Inc; BAE Systems PLC; Elbit Systems Ltd; FLIR Systems, Inc; Collins Aerospace; Lockheed Martin Corporation; General Dynamics Mission Systems, Inc; Instro Precision Limited; Israel Aerospace Industries; Leonardo DRS; Safran S.A; Rheinmetall AG; Textron Systems; Saab AB; Thales Group |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Why is Demand for Electro Optical Systems Escalating?
“Rapidly Rising Demand for Modern Unmanned Aerial Vehicles (UAVs)”
Advancing manufacturing technologies are accelerating the development of unmanned vehicles for air, land, and sea platforms. Unmanned vehicles are increasingly being used for commercial and military purposes such as policing, surveillance, product delivery, agricultural monitoring, and navigation, among others.
With advancements in remote operations, the defense sector is experiencing a rapid acceptance of unmanned vehicles for military use. Current unmanned vehicles include cameras and integrated sensors that give many wavelength information for precise monitoring and detection.
Electro optical systems are fitted on the majority of unmanned aerial vehicles (UAVs) to obtain reliable information and a noise-free image of a target present at a mid-range or long-range wavelength. UAVs are also employed for situational awareness, intelligence, surveillance, and reconnaissance applications.
Furthermore, global defense spending is growing in response to rising security challenges. As a result, the development of modern UAVs with integrated noise-free, long-range image-sensing electro optical systems is increasing to tackle rising security challenges.
“Increasing Miniaturization of Electro Optical Systems”
Numerous industry verticals such as consumer electronics, aerospace and defense, medical, and automotive are increasingly using micro-sized system components to fulfill the rising demand for portable electronic devices.
As a result, manufacturers are focused on the deployment of miniaturized equipment to suit the expanding demand. These small-sized devices can provide better performance and great dependability, making them an excellent choice for military and commercial aircraft applications.
Furthermore, the aerospace sector has strict criteria for the weight and size of aircraft components. As a result, the aviation sector is increasing its demand for smaller equipment.
Consequently, manufacturers are concentrating their efforts on the design and creation of miniaturized electro optical systems to reduce payloads and increase system performance. These miniature electro optical systems aid in the creation of lightweight laser designators while also boosting military operations efficiency and troop safety.
“Start-ups to Contribute Significantly to Sales Growth of Electro Optical Systems “
The market for electro optical systems is likely to benefit from the advent of numerous startups like Boom Supersonic, EXSEED SPACE, Skyroot Aerospace, Blue Origin, and Dhruva Space. These startups are expected to contribute significantly to the sales growth of electro optical systems.
- Dhruva Space, an Indian company, received US$ 27, 58.306 billion in October 2021 from Mumbai Angels Network, Blue Ashva, Indian Angel Network, and other major investors. Dhruva Space intends to use the funds to extend its current product portfolio.
Country-wise Insights
Why is the United States a Leading Market for Electro Optical Systems?
North America captured 34% of the global sales of electro optical systems in 2021. The United States is expected to lead North America during the forecast period.
The growing adoption of technologically superior UAVs is projected to bolster the sales for electro optical systems in the United States.
How is Germany Driving the European Electro Optical Systems Market?
Europe accounted for 22% of the worldwide market in 2021. The demand for electro optical systems in Germany is anticipated to rise during the forecast period.
Germany plays an important role in the European market due to substantial investments made in R&D to develop resilient, lightweight, and cost-effective electro optical systems for mission-critical operations.
Why is Demand for Electro Optical Systems Snowballing in Japan and South Korea?
The sales of electro optical systems in Asia Pacific are expected to skyrocket due to developing territorial issues and substantial rises in military expenditure.
Moreover, demand for electro optical systems is snowballing in Japan and South Korea. These countries' armed forces are widely using electro optical systems due to their benefits, such as enabling fast-paced decision-making through effective picture solutions, information collection, and targeting solutions.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Category-wise Insights
What’s Driving Demand for Electro Optical Systems in the Military Sector?
Application-wise, the electro-optical/infrared (EO/IR) systems market is split into military and commercial.
The growing need for technologically improved security and surveillance systems is one of the main factors pushing the demand for electro optical systems in the military sector.
Electro optical systems have several advantages. For example, low-light cameras are employed in cases of limited visibility because they provide superior performance with less power consumption and greater output. Furthermore, laser range finders are employed both during the day and at night and in practically all environmental circumstances, such as smoke, haze, rain, and fog.
Moreover, electro optical systems include features such as guidance for defense gunnery, 360-degree rotation, and automated object recognition. These systems can distinguish targets both during the day and at night and in low and high contrast settings.
Demand for electro optical systems is likely to grow during the forecast period due to rising military spending worldwide, with armed forces adopting various gadgets such as electro optical systems and creating new technologies in this industry.
Competitive Landscape
The global market for electro optical systems is very competitive due to the presence of several significant competitors competing in both the domestic and international markets. The market is moderately concentrated, with a few key firms controlling a sizable portion. Key players in the electro optical systems market are pursuing tactics such as mergers and acquisitions and product and technology innovation.
- L3 Harris Technologies received a US$ 500 million contract in April 2022 to develop and produce a wide-field-of-view electro-optical system to safeguard surface warships from new adversary anti-ship cruise missiles.
- Elbit Systems Ltd. announced in February 2021 that it had obtained about US$ 82.0 million contract from BAE Systems Hägglunds AB to provide electro-optical commander sights and active protection systems to the Royal Netherlands Army.
- Leonardo DRS, a subsidiary of Leonardo S.p.A., stated in January 2021 that it had obtained a multi-year contract from the US Army to provide mission equipment sets. This contract was granted through the initial maneuver-short-range air defense (IM-SHORAD) program. The mission equipment packages will include an electro-optical/infrared (EO/IR) sighting system, a 30-millimeter M230LF gun, electronic warfare systems, radar, stinger missiles, and Hellfire rockets.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Key Segments in Electro Optical Systems Industry Research
-
By Platform:
- Airborne
- Ground
- Naval
-
By Type:
- Imaging
- Non-Imaging
-
By Application:
- Military
- Commercial
-
By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Platform
- 6.1. Airborne
- 6.2. Ground
- 6.3. Naval
- 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Type
- 7.1. Imaging
- 7.2. Non-Imaging
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 8.1. Military
- 8.2. Commercial
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. South Asia & Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. L3Harris Technologies, Inc
- 17.2. BAE Systems PLC
- 17.3. Elbit Systems Ltd
- 17.4. FLIR Systems, Inc
- 17.5. Collins Aerospace
- 17.6. Lockheed Martin Corporation
- 17.7. General Dynamics Mission Systems, Inc
- 17.8. Instro Precision Limited
- 17.9. Israel Aerospace Industries
- 17.10. Leonardo DRS
- 17.11. Safran S.A
- 17.12. Rheinmetall AG
- 17.13. Textron Systems
- 17.14. Saab AB
- 17.15. Thales Group
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Platform, 2017 to 2021
Table 02: Global Market Value (US$ Mn) Analysis, by Platform, 2022 to 2032
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Platform, 2022 to 2032
Table 04: Global Market Value (US$ Mn) Analysis, by Type, 2017 to 2021
Table 05: Global Market Value (US$ Mn) Analysis, by Type, 2022 to 2032
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2022 to 2032
Table 07: Global Market Value (US$ Mn) Analysis, by Application, 2017 to 2021
Table 08: Global Market Value (US$ Mn) Analysis, by Application, 2022 to 2032
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2022 to 2032
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2017 to 2021
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2022 to 2032
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2022 to 2032
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 16: North America Market Value (US$ Mn) Analysis, by Platform, 2017 to 2021
Table 17: North America Market Value (US$ Mn) Analysis, by Platform, 2022 to 2032
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Platform, 2022 to 2032
Table 19: North America Market Value (US$ Mn) Analysis, by Type, 2017 to 2021
Table 20: North America Market Value (US$ Mn) Analysis, by Type, 2022 to 2032
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2022 to 2032
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2017 to 2021
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2022 to 2032
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2022 to 2032
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 28: Latin America Market Value (US$ Mn) Analysis, by Platform, 2017 to 2021
Table 29: Latin America Market Value (US$ Mn) Analysis, by Platform, 2022 to 2032
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Platform, 2022 to 2032
Table 31: Latin America Market Value (US$ Mn) Analysis, by Type, 2017 to 2021
Table 32: Latin America Market Value (US$ Mn) Analysis, by Type, 2022 to 2032
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2022 to 2032
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2017 to 2021
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2022 to 2032
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2022 to 2032
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 40: Europe Market Value (US$ Mn) Analysis, by Platform, 2017 to 2021
Table 41: Europe Market Value (US$ Mn) Analysis, by Platform, 2022 to 2032
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Platform, 2022 to 2032
Table 43: Europe Market Value (US$ Mn) Analysis, by Type, 2017 to 2021
Table 44: Europe Market Value (US$ Mn) Analysis, by Type, 2022 to 2032
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2022 to 2032
Table 46: Europe Market Value (US$ Mn) Analysis, by Application, 2017 to 2021
Table 47: Europe Market Value (US$ Mn) Analysis, by Application, 2022 to 2032
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2022 to 2032
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 52: East Asia Market Value (US$ Mn) Analysis, by Platform, 2017 to 2021
Table 53: East Asia Market Value (US$ Mn) Analysis, by Platform, 2022 to 2032
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Platform, 2022 to 2032
Table 55: East Asia Market Value (US$ Mn) Analysis, by Type, 2017 to 2021
Table 56: East Asia Market Value (US$ Mn) Analysis, by Type, 2022 to 2032
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2022 to 2032
Table 58: East Asia Market Value (US$ Mn) Analysis, by Application, 2017 to 2021
Table 59: East Asia Market Value (US$ Mn) Analysis, by Application, 2022 to 2032
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2022 to 2032
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Platform, 2017 to 2021
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Platform, 2022 to 2032
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Platform, 2022 to 2032
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2017 to 2021
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2022 to 2032
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Type, 2022 to 2032
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2017 to 2021
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2022 to 2032
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2022 to 2032
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 76: MEA Market Value (US$ Mn) Analysis, by Platform, 2017 to 2021
Table 77: MEA Market Value (US$ Mn) Analysis, by Platform, 2022 to 2032
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Platform, 2022 to 2032
Table 79: MEA Market Value (US$ Mn) Analysis, by Type, 2017 to 2021
Table 80: MEA Market Value (US$ Mn) Analysis, by Type, 2022 to 2032
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2022 to 2032
Table 82: MEA Market Value (US$ Mn) Analysis, by Application, 2017 to 2021
Table 83: MEA Market Value (US$ Mn) Analysis, by Application, 2022 to 2032
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2022 to 2032
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 04: Global Market Incremental $ Opportunity, 2022 to 2032
Figure 05: Global Market Share and BPS Analysis by Platform, 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Projections by Platform, 2022 to 2032
Figure 07: Global Market Attractiveness Analysis by Platform, 2022 to 2032
Figure 08: Global Market Share and BPS Analysis by Type, 2022 & 2032
Figure 09: Global Market Y-o-Y Growth Projections by Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Type, 2022 to 2032
Figure 11: Global Market Share and BPS Analysis by Application, 2022 & 2032
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share and BPS Analysis by Region, 2022 & 2032
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2032
Figure 20: North America Market Incremental $ Opportunity, 2022 to 2032
Figure 21: North America Market Share Analysis by Country, 2022 & 2032
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 24: North America Market Share and BPS Analysis by Platform, 2022 & 2032
Figure 25: North America Market Y-o-Y Growth Projections by Platform, 2022 to 2032
Figure 26: North America Market Attractiveness Analysis by Platform, 2022 to 2032
Figure 27: North America Market Share and BPS Analysis by Type, 2022 & 2032
Figure 28: North America Market Y-o-Y Growth Projections by Type, 2022 to 2032
Figure 29: North America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 30: North America Market Share and BPS Analysis by Application, 2022 & 2032
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 32: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 36: Latin America Market Incremental $ Opportunity, 2022 to 2032
Figure 37: Latin America Market Share Analysis by Country, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 39: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40: Latin America Market Share and BPS Analysis by Platform, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections by Platform, 2022 to 2032
Figure 42: Latin America Market Attractiveness Analysis by Platform, 2022 to 2032
Figure 43: Latin America Market Share and BPS Analysis by Type, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections by Type, 2022 to 2032
Figure 45: Latin America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 46: Latin America Market Share and BPS Analysis by Application, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 48: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 52: Europe Market Incremental $ Opportunity, 2022 to 2032
Figure 53: Europe Market Share Analysis by Country, 2022 & 2032
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 55: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 56: Europe Market Share and BPS Analysis by Platform, 2022 & 2032
Figure 57: Europe Market Y-o-Y Growth Projections by Platform, 2022 to 2032
Figure 58: Europe Market Attractiveness Analysis by Platform, 2022 to 2032
Figure 59: Europe Market Share and BPS Analysis by Type, 2022 & 2032
Figure 60: Europe Market Y-o-Y Growth Projections by Type, 2022 to 2032
Figure 61: Europe Market Attractiveness Analysis by Type, 2022 to 2032
Figure 62: Europe Market Share and BPS Analysis by Application, 2022 & 2032
Figure 63: Europe Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 64: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 68: East Asia Market Incremental $ Opportunity, 2022 to 2032
Figure 69: East Asia Market Share Analysis by Country, 2022 & 2032
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 71: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 72: East Asia Market Share and BPS Analysis by Platform, 2022 & 2032
Figure 73: East Asia Market Y-o-Y Growth Projections by Platform, 2022 to 2032
Figure 74: East Asia Market Attractiveness Analysis by Platform, 2022 to 2032
Figure 75: East Asia Market Share and BPS Analysis by Type, 2022 & 2032
Figure 76: East Asia Market Y-o-Y Growth Projections by Type, 2022 to 2032
Figure 77: East Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 78: East Asia Market Share and BPS Analysis by Application, 2022 & 2032
Figure 79: East Asia Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 80: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2022 to 2032
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2022 & 2032
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Platform, 2022 & 2032
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Platform, 2022 to 2032
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Platform, 2022 to 2032
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Type, 2022 & 2032
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Type, 2022 to 2032
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Type, 2022 to 2032
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Application, 2022 & 2032
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 100: MEA Market Incremental $ Opportunity, 2022 to 2032
Figure 101: MEA Market Share Analysis by Country, 2022 & 2032
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 103: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 104: MEA Market Share and BPS Analysis by Platform, 2022 & 2032
Figure 105: MEA Market Y-o-Y Growth Projections by Platform, 2022 to 2032
Figure 106: MEA Market Attractiveness Analysis by Platform, 2022 to 2032
Figure 107: MEA Market Share and BPS Analysis by Type, 2022 & 2032
Figure 108: MEA Market Y-o-Y Growth Projections by Type, 2022 to 2032
Figure 109: MEA Market Attractiveness Analysis by Type, 2022 to 2032
Figure 110: MEA Market Share and BPS Analysis by Application, 2022 & 2032
Figure 111: MEA Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 112: MEA Market Attractiveness Analysis by Application, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global electro optical systems market size?
The global electro optical systems market is valued at US$ 12 billion in 2022.
What is the predicted growth rate for the electro optical systems market?
Global demand for electro optical systems is predicted to increase at a CAGR of 4.1% from 2022 to 2032.
What is the expected market size for electro optical systems by 2032?
Sales of electro optical systems are expected to reach US$ 18 billion by 2032.
Which region captured the largest share of the global electro optical systems market in 2021?
North America accounted for the largest market share of 34% in 2021.
What market share did Europe hold in 2021?
Europe accounted for 22% share of the worldwide electro optical systems market in 2021.
Who are the key players in the electro optical systems market?
L3Harris Technologies, Inc, BAE Systems PLC, Elbit Systems Ltd, FLIR Systems, Inc, Collins Aerospace, Lockheed Martin Corporation, General Dynamics Mission Systems, Inc, Instro Precision Limited, Israel Aerospace Industries, Leonardo DRS, Safran S.A, Rhei
Electro Optical Systems Market