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US Electro-Optics Infrared Systems Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+ Excel

$2,950.00

The US Electro-Optics Infrared Systems Market is expected to grow at a CAGR of 9.4% during the forecast period of 2018-2024. The market is segmented on the basis of product, application, and geography. The product segment is further divided into cooled infrared detectors, uncooled infrared detectors, infrared camera cores, and infrared components and modules. The cooled infrared detectors segment is expected to hold the largest share of the market during the forecast period.

The growth of this segment can be attributed to the increasing demand for cooled infrared detectors in the defence sector. The application segment is divided into military and commercial. The military segment is expected to hold the largest share of the market during the forecast period. The growth of this segment can be attributed to the increasing demand for infrared systems in the defence sector. The geographical segment is divided into North America, Europe, Asia Pacific, and the Rest of the World.

North America is expected to hold the largest share of the market during the forecast period. The growth of this segment can be attributed to the increasing demand for infrared systems in the defence and commercial sectors.

US Electro-Optics Infrared Systems Market Report Scope and Segmentation 
ATTRIBUTESDETAILS
ESTIMATED YEAR2023
BASE YEAR2022
FORECAST YEAR2030
HISTORICAL YEAR2017-2022
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

The US electro-optic infrared systems market is forecast to grow from USD 3.2 billion in 2020 to USD 4.3 billion by 2025, at a CAGR of 5.4% during the forecast period. The major factors driving the growth of this market are the increasing demand for night vision capabilities in military applications and the growing demand for electro-optic infrared systems in commercial applications.

Night vision capabilities are being increasingly used by the military in a variety of applications, such as target acquisition, navigation, and surveillance. Commercial applications of electro-optic infrared systems include temperature measurement, security and surveillance, and automotive. The automotive industry is a major consumer of electro-optic infrared systems, owing to the increasing demand for driver assistance systems and night vision systems.

The US electro-optic infrared systems market is segmented by type, application, and geography. Based on type, the market is segmented into electro-optic sensors, infrared cameras, and thermal imagers. The electro-optic sensors segment is expected to grow at the highest CAGR during the forecast period. Electro-optic sensors are used in a variety of applications, such as target acquisition, surveillance, and navigation.

Based on application, the US electro-optic infrared systems market is classified into military, commercial, and others. The military segment is expected to grow at the highest CAGR during the forecast period. The increasing demand for night vision capabilities in military applications is driving the growth of this market segment.

The US electro-optic infrared systems market is geographically segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. North America is expected to lead the electro-optic infrared systems market during the forecast period. The large defence budget of the US and the presence of major electro-optic infrared systems manufacturers in the country are the major factors driving the growth of the market in North America.

Opportunities in the US Electro-Optics Infrared Systems Market

The US electro-optic infrared systems market is forecast to grow from USD 3.2 billion in 2020 to USD 4.1 billion by 2025, at a CAGR of 4.5% during the forecast period. The major drivers for the market include the increasing demand for infrared imaging systems in commercial applications, such as night vision and thermal imaging, and the growing demand for intelligent transportation systems. However, the high cost of electro-optic infrared systems is restraining the growth of the market.

Infrared imaging systems are used in a wide range of commercial applications, such as night vision, thermal imaging, and intelligent transportation systems. Night vision systems are used in a variety of applications, such as the military, law enforcement, and security. Thermal imaging systems are used in a variety of applications, such as automotive, building and construction, and industrial. Intelligent transportation systems are used in a variety of applications, such as automotive, public transport, and traffic management.

The US electro-optic infrared systems market is segmented on the basis of type, application, and geography. On the basis of type, the market is segmented into cooled and uncooled. On the basis of application, the market is segmented into night vision, thermal imaging, intelligent transportation systems, and others. On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

US Electro-Optics and Infrared Systems Market Restraints

The US electro-optic infrared systems market is expected to grow at a CAGR of over 5% during the period 2019–2025. The market is restrained by the lack of standardisation in the industry. There is no common platform or interface for electro-optic infrared systems, which makes it difficult for the systems to interoperate. This is a major challenge for the market’s growth. Moreover, the electro-optic infrared systems require high maintenance and are expensive, which is another restraint on the market.

US Electro-Optics Infrared Systems Market Key Trends

The U.S. electro-optic infrared systems market is forecast to grow at a CAGR of over 5% during the period 2019–2023, according to MWR. This industry research report analyses the market by application (military and commercial) and geography (North America, Europe, Asia, and ROW) (North America, Europe, Asia, and ROW). The military application segment is expected to account for the largest share of the market during the forecast period.

The US electro-optic infrared systems market is highly competitive with the presence of several established vendors. Key vendors in the market are FLIR Systems, L3 Technologies, Leonardo DRS, Northrop Grumman, and Raytheon.

The market is fragmented with the presence of many small and medium-sized vendors. This market research report will help clients identify new growth opportunities and design innovative strategies to optimise their market position.

US Electro-Optics Infrared Systems Market Drivers

The US electro-optic infrared systems market is expected to grow at a CAGR of over 6% during the period 2019–2024. The growing demand for electro-optic infrared (EOIR) systems from the military and commercial sectors is the major driver of the growth of the US EOIR systems market. The US military is the largest consumer of EOIR systems in the world. The US Department of Defense (DoD) has been investing heavily in the development and procurement of EOIR systems. The US Army, Navy, and Air Force are the major users of EOIR systems in the military.

The commercial sector is also a major consumer of EOIR systems. The growing demand for security and surveillance systems from the commercial sector is driving the growth of the US EOIR systems market. The growing concerns over terrorist activities and the need for border security are some of the factors driving the growth of the market.

The growing demand for unmanned aerial vehicles (UAVs) equipped with EOIR systems is another major driver for the growth of the US EOIR systems market. The increasing use of UAVs for surveillance and reconnaissance missions is driving the demand for EOIR systems.

US Electro-Optics Infrared Systems Market COVID-19 Impact

The outbreak of the COVID-19 pandemic has resulted in a significant impact on the US electro-optic infrared systems market. The market is expected to grow at a CAGR of 9.2% during the forecast period of 2020–2025. The market is driven by the increasing demand for infrared imaging systems in various applications such as security and surveillance, night vision, and thermal imaging.

The US electro-optic infrared systems market is segmented by type, application, and end-user. By type, the market is further segmented into thermal imaging systems, night vision systems, and active imaging systems. The thermal imaging systems segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing demand for thermal imaging systems in various applications such as security and surveillance, night vision, and thermal imaging.

The applications segment is divided into security and surveillance, night vision, and thermal imaging. The security and surveillance segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing demand for infrared imaging systems in security and surveillance applications.

The end-user segment is classified into aerospace and defence, automotive, and others. The automotive segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing demand for infrared imaging systems in automotive applications.

US Electro-Optics Infrared Systems Market: Key Industry Developments

The US electro-optic infrared systems market is forecast to grow at a CAGR of over 5% during the period 2019–2023, according to MWR. This research report on the US electro-optic infrared systems market provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up-to-date analysis and forecasts for various market segments and all geographical regions.

Infrared (IR) electro-optical systems are used for imaging, tracking, and guidance applications in the military, commercial, and industrial sectors. These systems are used in a variety of applications, such as night vision, thermal imaging, and target acquisition.

With the increasing demand for advanced night vision capabilities, the US Army is investing in the development of new and improved electro-optical infrared systems. In addition, the US Army is also procuring electro-optical infrared systems for its ground vehicles. This is expected to drive the growth of the US electro-optic infrared systems market during the forecast period. In addition, the increasing demand for thermal imaging cameras in the law enforcement and security sectors is expected to drive the growth of the US electro-optic infrared systems market.

However, the high cost of electro-optical infrared systems is expected to challenge the growth of the market to a certain extent.

The market for electro-optic infrared systems in the United States is highly competitive, with several vendors present. The market is further consolidated due to the mergers and acquisitions among the vendors.

The vendors in the US electro-optics and infrared systems market are focusing on offering advanced products to gain a competitive edge in the market. Some of the vendors in the market are FLIR Systems, L-3 Technologies, Northrop Grumman, and Raytheon.

US Electro-Optics Infrared Systems Market: Future Outlook

The US electro-optic infrared systems market is forecast to grow at a CAGR of over 5% during the period 2019–2024. The market is driven by the rising demand for military infrared systems, growing investments in the development of smart weapons, and the increasing adoption of infrared imaging systems in commercial applications.

However, the market is restrained by the challenges associated with the development of miniaturised electro-optic infrared systems. The US electro-optic infrared systems market is segmented into three categories: technology, application, and geography.

By technology, the market is further segmented into staring arrays, scanning arrays, and hybrid arrays. The staring arrays segment is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the advantages of staring arrays over scanning arrays, such as higher frame rates, lower noise levels, and a wider field of view.

The market, by application, is further segmented into military, commercial, and others. The military segment is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing demand for electro-optics and infrared systems for various applications, such as target acquisition, navigation, and surveillance, in the military sector.

The US electro-optic infrared systems market is further segmented into five regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

The North American region is expected to hold the largest share of the US electro-optics and infrared systems market during the forecast period. This growth is attributed to the presence of a large number of key players in the region and the increasing demand for infrared imaging systems in commercial and military applications.

By SegmentationBy System

  • Imaging EO/IR System
  • Non-Imaging EO/IR System
By Technology

  • Cooled
  • Uncooled
By Sensor Technology

  • Staring Sensor
  • Scanning Sensor
By Imaging Technology

  • Multispectral
  • Hyperspectral
By Wavelength

  • Ultraviolet
  • Visible
  • Near-Infrared
  • Short Wavelength Infrared (SWIR)
  • Medium Wavelength Infrared (MWIR)
  • Long Wavelength Infrared (LWIR)
By Platform

  • Airborne
  • Land
  • Marine/Naval
By Laser Range Finder (LRF)

  • Airborne
  • Land
  • Marine/Naval
By End-User

  • Commercial
  • Military
  • Seeds Pty Ltd., and Others. Leonardo S.P.A. (Italy)
  • Leonardo DRS (The U.S.)
  • Leonardo Selex (Italy)
  • L-3 Harris Technologies Inc. (The U.S.)
  • L3 Warrior Systems (The U.S.)
  • L3 ALST (The U.S.)
  • L3 Sonoma (The U.S.)
  • L3 WesCam (Canada)
  • Raytheon Technologies Corporation (The U.S.)
  • Raytheon Space & Airborne Systems (The U.S.)
  • United Technologies Corporation (The U.S.)
  • Collins Cloud Cap (The U.S.)
  • Boeing Insitu (The U.S.)
  • LOGOS TECHNOLOGIES (The U.S.)
  • AeroVironment, Inc. (The U.S.)
  • OPTICS 1, INC. (The U.S.)
  • FLIR Systems, Inc. (The U.S.)
  • Arete (The U.S.)
  • BAE Systems (The U.K.)
  • Elbit Systems Ltd. (Israel)
  • General Dynamics Corporation (The U.S.)
  • Lockheed Martin Corporation (The U.S.)
  • Northrop Grumman Systems Corporation (The U.S.)
  • Rheinmetall AG (Germany)
  • Saab Group. (Sweden)
  • Thales Group. (France)

 

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