RAIPUR, India, January 11, 2022 / PRNewswire / – Stratview Research Announces New Market Research Report on Military Platform Electro-Optics Market by type of platform (Airborne electro-optic [Military Helicopters, Military Aircraft, and Military UAV], terrestrial electro-optics and naval electro-optics), by product type (Multispectral and Hyperspectral), and by region (North America, Europe, Asia Pacific, and rest of the world), Trend, Forecast, Competitive Analysis and Growth Opportunity: 2022-2027.

This Strategic Assessment Report, from Stratview Research, provides a comprehensive analysis that reflects the current realities of the Military Platform Electro-Optics market and future market possibilities for the forecast period 2022 to 2027. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data / information provided in the report can play a crucial role for market players as well as investors in identifying the handy fruits available in the market as well as formulating strategies for growth.

Military Platform Electro-Optics Market: Strong points

Electro-optics are widely used for military applications on different platforms. These systems include both visible and infrared sensors and provide day and night situational awareness. These systems are widely used by military forces for imaging, targeting and surveillance applications and improve situational awareness during the day and night and in low light conditions. Image stabilization and long-range imaging capabilities are two key components of these systems. These systems are typically installed on military vehicles, airplanes, ships and drones and their use is primarily focused on target recognition, moving target tracking, surveillance and imaging, even over great distances and in adverse weather conditions. These advanced systems offer the advantage of stabilized panoramic viewing and targeting. The platform remains one of the key application areas for electro-optics as a whole and captures more than 40% of the total market for electro-optics.

Unlike other markets and industries, the military / defense has been relatively untouched by the pandemic. There have been some temporary issues in the production of electro-optical systems mainly due to supply chain sabotage, but the year 2020 has remained intact with good demand overall. The increase in military spending, especially in large countries, is having a positive impact despite the COVID-19 tsunami in the ecosystem. Even the long-term market outlook looks fruitful with good growth opportunities for market players. The market is expected to grow at a healthy CAGR of 4.1% to reach a value of $ 5.2 billion by 2027.

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Based on the platform type, the military platform electro-optics is divided into airborne electro-optics, terrestrial electro-optics and naval electro-optics. In 2021, airborne platforms have contributed to a significant market share of the market due to the increasing use of electro-optics in drones for tracking, surveillance, reconnaissance, and search and rescue.. During the projection period, the land platform is expected to grow at a faster rate than the naval platform. The increase in the geopolitical index in the regions following growing terrorist threats, territorial disputes and border concerns has forced governments to pay greater attention to surveillance, threat detection and identification targets.

Depending on the type of product, multispectral electro-optics occupy the lion’s share of the market. Multispectral systems typically collect data from three to six spectral bands in a single observation, while the hyperspectral system collects data across several hundred spectral bands in a single acquisition. Such characteristics make multispectral systems cost effective. Due to their attributes, hyperspectral systems are expensive as they require more technological advancements to produce more detailed spectral data, which poses challenges with increasing sensor and image costs as well as data volumes. and data processing costs.

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In terms of regions, North America accounted for the largest market share of the market as a result of huge spending on their overall military assets as well as the presence of several major players. the United States remains the workhorse of the North American and global market. All the major suppliers of electro-optical systems are present in the country to exploit the enormous potential of the market. Asia-Pacific, another notable region, is expected to experience the fastest growth over the next five years. Over the years, large countries, such as China and India, increased their military spending to consolidate their capabilities. Technological advances remain at the heart of these countries.

Electro-optical systems are considered to be specialized products with the presence of limited players. Most of the big players are extremely diverse with presence in other business segments. Here are the major players in the military platform electro-optics market:

  • L3Harris Technologies, Inc.
  • Raytheon Technologies Corporation
  • Lockheed Martin Company
  • Leonardo SpA
  • Elbit Systems Ltd.
  • Thales Group
  • BAE systems
  • Northrop Grumman
  • Safran Group
  • Teledyne FLIR LLC

Report features

This report provides market information in the most comprehensive way. The structure of the report has been maintained to provide maximum business value. It provides critical information on market dynamics and will enable strategic decision making for existing market players as well as for those who wish to enter the market. Here are the main features of the report:

  • Market structure: overview, industry life cycle analysis, supply chain analysis.
  • Market Environment Analysis: Growth Drivers and Constraints, Porter’s Five Forces Analysis, SWOT Analysis.
  • Analysis of market trends and forecasts.
  • Trend and forecast of the market segment.
  • Competitive landscape and dynamics: market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for existing and new players.
  • Key factors of success

This report studies the military platform electro-optics market and has segmented the market in three ways, keeping in mind the interest of all stakeholders along the value chain. Here are the three ways the market is segmented:

Military Platform Electro-Optics Market, By Platform Type

  • Airborne electro-optic (Regional analysis: North America, Europe, Asia Pacific, and line)
    • Military helicopters (Regional analysis: North America, Europe, Asia Pacific, and line)
    • Military planes (Regional analysis: North America, Europe, Asia Pacific, and line)
    • Military UAV (Regional analysis: North America, Europe, Asia Pacific, and line)
  • Terrestrial electro-optics (Regional analysis: North America, Europe, Asia Pacific, and line)
  • Naval electro-optics (Regional analysis: North America, Europe, Asia Pacific, and line)

Military Platform Electro-Optics Market, By Product Type

  • Multispectral electro-optics (Regional analysis: North America, Europe, Asia Pacific, and line)
  • Hyperspectral electro-optic (Regional analysis: North America, Europe, Asia Pacific, and line)

Military Platform Electro-Optics Market, By Region

  • North America (Analysis by country: United States, Canada, and Mexico)
  • Europe (Analysis by country: Germany, France, the United Kingdom and the rest of Europe)
  • Asia Pacific (Analysis by country: Japan, China, India, and the rest of Asia Pacific)
  • Rest of the world (Analysis by country: Brazil, United Arab Emirates and others)

Stratview Research has a number of valuable market reports in the global aerospace and defense industry. Please see the following link to browse our reports:

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SOURCE Stratview Research


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