Summary

As security threats evolve, military forces may need to rely more heavily on EO/IR systems to identify and track potential threats. For example, unmanned aerial vehicles (UAVs) have become a growing concern for military forces, and military EO/IR systems can be used to detect and track these threats.
The military EO/IR system market size is projected to grow from USD 7.8 billion in 2023 to USD 9.5 billion by 2028, at a CAGR of 4.0% during the forecast period.
” Land Segment: The second largest share of the military EO/IR system market by platform in 2023.” The Land segment has the second largest segment of the military EO/IR system market by payload in 2023. As technology continues to advance, EO/IR systems have become more powerful, compact, and affordable. This has made them increasingly attractive to military forces, who can use them for a range of applications, from surveillance and reconnaissance to targeting and threat detection.
” Cooled technology Segment: The largest segment of the military EO/IR system market by type in 2023“
The Cooled technology segment has the largest segment of the military EO/IR system market by type in 2023. Military forces may have specific operational needs that require the use of EO/IR systems. For example, they may need to monitor a particular area for an extended period of time, or they may need to conduct reconnaissance in a remote or dangerous location.

“North America to account for the second largest CAGR in the military EO/IR system market in forecasted year”
North America is estimated to account for the second largest CAGR in the military EO/IR system market in the forecasted year. The North America region for this study comprises of US, Canada, countries. Rising developments of military EO/IR system by several US based companies.



Break-up of profiles of primary participants in the military EO/IR system market: By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20% By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40% By Region: North America – 25%, Europe – 15%, Asia Pacific – 45%, Rest of the world – 5%, Middle East & Africa – 10%
Prominent companies in the military EO/IR system market are Northrop Grumman Corporation(US), Raytheon Technologies Corporation(US), L3Harris Technologies Inc.(US), Lockheed Martin Corporation (US), Thales Group (France), Aselsan AS (Turkey), Teledyne FLIR (US), BAE System (UK), among others. Research Coverage: The market study covers the military EO/IR system market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such Cooling Technology, Imaging Technology, Sensor Technology, Product Type, Platform, Component, Point of Sale and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key benefits of buying this report: This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall military EO/IR system market and its subsegments. The report covers the entire ecosystem of the military EO/IR system industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.




The report provides insights on the following pointers:
• Analysis of key drivers and there are several factors that could contribute to an increase in military electro-optical/infrared (EO/IR) system market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the military electro-optical/infrared (EO/IR) system market
• Market Development: Comprehensive information about lucrative markets – the report analyses the military electro-optical/infrared (EO/IR) system market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the military electro-optical/infrared (EO/IR) system market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Northrop Grumman Corporation(US), Raytheon Technologies Corporation(US), L3Harris Technologies Inc.(US), Lockheed Martin Corporation (US), Thales Group (France), Aselsan AS (Turkey), Teledyne FLIR (US), BAE System (UK), among others in the military electro-optical/infrared (EO/IR) system market

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Table of Contents

1 INTRODUCTION 35
1.1 STUDY OBJECTIVES 35
1.2 MARKET DEFINITION 35
1.3 STUDY SCOPE 36
1.3.1 MARKETS COVERED 36
FIGURE 1 MILITARY EO/IR SYSTEMS MARKET SEGMENTATION 36
1.3.2 REGIONS COVERED 36
1.3.3 YEARS CONSIDERED 37
1.4 INCLUSIONS AND EXCLUSIONS 37
TABLE 1 INCLUSIONS AND EXCLUSIONS 37
1.5 CURRENCY AND PRICING 38
TABLE 2 USD EXCHANGE RATES 38
1.6 LIMITATIONS 39
1.7 MARKET STAKEHOLDERS 39
1.8 SUMMARY OF CHANGES 40
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 2 RESEARCH FLOW 41
FIGURE 3 RESEARCH DESIGN 42
2.1.1 SECONDARY DATA 42
2.1.2 PRIMARY DATA 43
2.1.2.1 Key data from primary sources 43
2.1.2.2 Key primary sources 43
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 43
2.2 MARKET SIZE ESTIMATION 44
2.2.1 BOTTOM-UP APPROACH 44
TABLE 3 MARKET ESTIMATION PROCEDURE 44
FIGURE 5 BOTTOM-UP APPROACH 45
2.2.2 TOP-DOWN APPROACH 45
FIGURE 6 TOP-DOWN APPROACH 45
2.3 FACTOR ANALYSIS 45
2.3.1 INTRODUCTION 45
2.3.2 DEMAND-SIDE INDICATORS 46
2.3.2.1 Increased military spending in emerging economies 46
FIGURE 7 MILITARY EXPENDITURE, BY COUNTRY, 2019–2021 (USD BILLION) 46
2.3.2.2 Rising incidences of regional disputes 47
2.3.3 SUPPLY-SIDE INDICATORS 47
2.3.3.1 Financial trends of major US defense contractors 47
2.3.4 RECESSION IMPACT ANALYSIS 47
2.4 DATA TRIANGULATION 48
FIGURE 8 MARKET BREAKDOWN AND DATA TRIANGULATION 48
2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH 48
2.5 GROWTH RATE ASSUMPTIONS 49
2.6 RESEARCH ASSUMPTIONS 49
2.7 RISKS 49
3 EXECUTIVE SUMMARY 50
FIGURE 9 LAND SEGMENT TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 50
FIGURE 10 HANDHELD SYSTEMS TO BE FASTEST-GROWING SEGMENT BY 2028 51
FIGURE 11 SENSORS TO EXCEED OTHER COMPONENTS DURING FORECAST PERIOD 51
FIGURE 12 COOLED SEGMENT TO ACQUIRE LARGEST MARKET SHARE BY 2028 52
FIGURE 13 MULTISPECTRAL SEGMENT TO HOLD MORE MARKET SHARE BY 2028 52
FIGURE 14 OEM TO COMMAND LEADING MARKET POSITION IN 2023 53
FIGURE 15 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 53
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN MILITARY EO/IR SYSTEMS MARKET 55
FIGURE 16 INCREASED ADOPTION OF UNMANNED SYSTEMS 55
4.2 MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM 55
FIGURE 17 AIRBORNE TO SURPASS OTHER SEGMENTS BY 2028 55
4.3 MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE 56
FIGURE 18 EO/IR PAYLOADS TO COMMAND MAJORITY SHARES DURING FORECAST PERIOD 56
4.4 MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT 56
FIGURE 19 SENSORS TO SECURE LEADING MARKET POSITION BY 2028 56
4.5 MILITARY EO/IR SYSTEMS MARKET, BY SENSOR TECHNOLOGY 57
FIGURE 20 SCANNING SEGMENT TO HOLD LARGER SHARE DURING FORECAST PERIOD 57
4.6 MILITARY EO/IR SYSTEMS MARKET, BY COUNTRY 57
FIGURE 21 INDIA TO BE FASTEST-GROWING COUNTRY FROM 2023 TO 2028 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 59
FIGURE 22 MILITARY EO/IR SYSTEMS MARKET DYNAMICS 59
5.2.1 DRIVERS 59
5.2.1.1 Advancements and enhancements in technology utilized for EO/IR 59
5.2.1.2 Significant investments in EO/IR systems by governments 60
5.2.1.3 Growing need for intelligence, surveillance, and reconnaissance (ISR) capabilities 60
5.2.1.4 Rise in military expenditure on advanced equipment 60
TABLE 4 DEFENSE EXPENDITURE OF MAJOR COUNTRIES, 2020 VS. 2021 (USD BILLION) 61
FIGURE 23 DEFENSE EXPENDITURE OF MAJOR COUNTRIES (%), 2020 VS. 2021 61
5.2.1.5 Advancements in EO/IR sensor technology 61
5.2.1.6 Deployment of EO/IR systems on unmanned platforms 62
5.2.2 RESTRAINTS 62
5.2.2.1 Stagnant product life cycle 62
5.2.2.2 High development, production, and maintenance costs 62
5.2.3 OPPORTUNITIES 62
5.2.3.1 Integration of EO/IR systems with conventional military systems 62
5.2.3.2 Surging adoption of unmanned systems across platforms 63
5.2.4 CHALLENGES 63
5.2.4.1 Complexity involved in integrating EO/IR systems with different platforms 63
5.2.4.2 Impact of environmental factors on EO/IR systems 64
5.2.4.3 Developing efficient and cost-effective target and tracking systems 64
5.3 TRENDS IMPACTING CUSTOMERS’ BUSINESSES 65
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MILITARY EO/IR SYSTEM MANUFACTURERS 65
FIGURE 24 REVENUE SHIFT IN MILITARY EO/IR SYSTEMS MARKET 65
5.4 RECESSION IMPACT ANALYSIS 66
5.4.1 IMPACT OF RECESSION ON MILITARY EO/IR SYSTEMS MARKET 66
FIGURE 25 RECESSION IMPACT ANALYSIS ON MILITARY EO/IR SYSTEMS MARKET 66
FIGURE 26 FACTORS IMPACTING MILITARY EO/IR SYSTEMS MARKET 67
5.5 AVERAGE SELLING PRICE ANALYSIS 67
5.5.1 AVERAGE SELLING PRICE TREND 67
TABLE 5 AVERAGE SELLING PRICE OF MILITARY EO/IR SYSTEMS (USD) 67
TABLE 6 AVERAGE SELLING PRICE OF MAIN BATTLE TANKS (USD MILLION) 68
TABLE 7 AVERAGE SELLING PRICE OF INFANTRY FIGHTING VEHICLES (USD MILLION) 68
TABLE 8 AVERAGE SELLING PRICE OF ARMORED PERSONNEL CARRIERS (USD MILLION) 69
TABLE 9 AVERAGE SELLING PRICE OF MINE-RESISTANT AMBUSH-PROTECTED VEHICLES (USD MILLION) 69
TABLE 10 AVERAGE SELLING PRICE OF LIGHT-PROTECTED VEHICLES (USD MILLION) 70
5.6 MILITARY EO/IR SYSTEMS VOLUME, BY REGION 70
TABLE 11 MILITARY EO/IR SYSTEMS VOLUME, BY REGION 70
5.7 MARKET ECOSYSTEM 70
5.7.1 PROMINENT COMPANIES 70
5.7.2 PRIVATE AND SMALL ENTERPRISES 70
5.7.3 END USERS 71
FIGURE 27 MILITARY EO/IR SYSTEMS MARKET ECOSYSTEM 71
TABLE 12 MILITARY EO/IR SYSTEMS MARKET ECOSYSTEM 71
5.8 VALUE CHAIN ANALYSIS 72
FIGURE 28 VALUE CHAIN ANALYSIS 72
5.9 USE CASE ANALYSIS 74
5.9.1 USE CASE 1: APPLICATION OF EO/IR SYSTEMS IN MARITIME SECURITY AND SURVEILLANCE 74
TABLE 13 APPLICATION OF EO/IR SYSTEMS IN MARITIME SECURITY AND SURVEILLANCE 74
5.9.2 USE CASE 2: EO/IR SYSTEMS FOR ISR CAPABILITIES IN UAVS 74
TABLE 14 EO/IR SYSTEMS FOR ISR CAPABILITIES IN UAVS 74
5.10 TRADE ANALYSIS 75
5.10.1 IMPORT DATA FOR LAND VEHICLES, BY REGION, 2017−2020 75
TABLE 15 ARMORED VEHICLES: REGION-WISE IMPORT DATA, 2017−2020 (USD) 75
TABLE 16 TANKS AND OTHER ARMORED FIGHTING VEHICLES, MOTORIZED, WHETHER OR NOT FITTED WITH WEAPONS: COUNTRY-WISE EXPORTS, 2020−2021 (USD THOUSAND) 75
TABLE 17 TANKS AND OTHER ARMORED FIGHTING VEHICLES, MOTORIZED, WHETHER OR NOT FITTED WITH WEAPONS: COUNTRY-WISE IMPORTS, 2020−2021 (USD THOUSAND) 76
5.11 PORTER’S FIVE FORCES ANALYSIS 76
TABLE 18 PORTER’S FIVE FORCES ANALYSIS 76
FIGURE 29 PORTER’S FIVE FORCES ANALYSIS 76
5.11.1 THREAT OF NEW ENTRANTS 77
5.11.2 THREAT OF SUBSTITUTES 77
5.11.3 BARGAINING POWER OF SUPPLIERS 77
5.11.4 BARGAINING POWER OF BUYERS 77
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 77
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 78
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 78
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PLATFORM 78
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PLATFORM (%) 78
5.12.2 BUYING CRITERIA 78
FIGURE 31 KEY BUYING CRITERIA, BY PLATFORM 78
TABLE 20 KEY BUYING CRITERIA, BY PLATFORM 79
5.13 TARIFF AND REGULATORY LANDSCAPE 79
TABLE 21 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES 79
TABLE 22 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES 80
TABLE 23 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES 80
TABLE 24 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES 81
TABLE 25 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES 81
5.14 KEY CONFERENCES AND EVENTS, 2022–2023 82
TABLE 26 KEY CONFERENCES AND EVENTS, 2022−2023 82
6 INDUSTRY TRENDS 83
6.1 INTRODUCTION 83
FIGURE 32 INTRODUCTION OF TECHNOLOGY IN MILITARY APPLICATIONS, 1960–2020 83
6.2 KEY TECHNOLOGY TRENDS 84
FIGURE 33 TECHNOLOGICAL TRENDS IN MILITARY EO/IR SYSTEMS MARKET 84
6.2.1 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING 84
6.2.2 HYPERSPECTRAL IMAGING 85
6.2.3 SWIR (SHORT-WAVE INFRARED) IMAGING 85
6.2.4 3D PRINTING 86
6.2.5 AUGMENTED REALITY (AR) AND VIRTUAL REALITY (VR) 86
6.2.6 MICRO-ELECTRO-MECHANICAL SYSTEMS (MEMS) 87
6.2.7 HETEROGENEOUS INTEGRATION 88
6.2.8 QUANTUM CASCADE LASERS (QCLS) 88
6.3 IMPACT OF MEGATRENDS 89
6.3.1 INTRODUCTION OF INTERNET OF THINGS 89
6.3.2 INTEGRATED BATTLEFIELDS WITH COLLABORATIVE COMBAT 89
6.3.3 SHIFT IN GLOBAL ECONOMIC POWER 89
6.4 SUPPLY CHAIN ANALYSIS 90
FIGURE 34 SUPPLY CHAIN ANALYSIS 90
7 MILITARY EO/IR SYSTEMS MARKET, BY COOLING TECHNOLOGY 91
7.1 INTRODUCTION 92
FIGURE 35 MILITARY EO/IR SYSTEMS MARKET, BY COOLING TECHNOLOGY, 2023–2028 92
TABLE 27 MILITARY EO/IR SYSTEMS MARKET, BY COOLING TECHNOLOGY, 2019–2022 (USD MILLION) 92
TABLE 28 MILITARY EO/IR SYSTEMS MARKET, BY COOLING TECHNOLOGY, 2023–2028 (USD MILLION) 92
7.2 COOLED 93
7.2.1 LARGE-SCALE DEPLOYMENT IN SECURITY & SURVEILLANCE APPLICATIONS 93
7.3 UNCOOLED 93
7.3.1 INCREASED USE ACROSS MILITARY PLATFORMS 93
8 MILITARY EO/IR SYSTEMS MARKET, BY SENSOR TECHNOLOGY 94
8.1 INTRODUCTION 95
FIGURE 36 MILITARY EO/IR SYSTEMS MARKET, BY SENSOR TECHNOLOGY, 2023–2028 95
TABLE 29 MILITARY EO/IR SYSTEMS MARKET, BY SENSOR TECHNOLOGY, 2019–2022 (USD MILLION) 95
TABLE 30 MILITARY EO/IR SYSTEMS MARKET, BY SENSOR TECHNOLOGY, 2023–2028 (USD MILLION) 96
8.2 STARING 96
8.2.1 USED IN SURVEILLANCE AND TARGET ACQUISITION APPLICATIONS 96
8.3 SCANNING 96
8.3.1 AUTONOMOUS AND ACCURATE TRACKING FEATURES 96
9 MILITARY EO/IR SYSTEMS MARKET, BY IMAGING TECHNOLOGY 97
9.1 INTRODUCTION 98
FIGURE 37 MILITARY EO/IR SYSTEMS MARKET, BY IMAGING TECHNOLOGY, 2023–2028 98
TABLE 31 MILITARY EO/IR SYSTEMS MARKET, BY IMAGING TECHNOLOGY, 2019–2022 (USD MILLION) 98
TABLE 32 MILITARY EO/IR SYSTEMS MARKET, BY IMAGING TECHNOLOGY, 2023–2028 (USD MILLION) 98
9.2 MULTISPECTRAL 99
9.2.1 OPTIMIZING TACTICAL OPERATION THROUGH MULTISPECTRAL IMAGING CAPABILITIES 99
9.3 HYPERSPECTRAL 99
9.3.1 DETECTING AND IDENTIFYING TARGETS WITH HYPERSPECTRAL IMAGING SYSTEMS 99
10 MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT 100
10.1 INTRODUCTION 101
FIGURE 38 MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 101
TABLE 33 MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 102
TABLE 34 MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 102
10.2 HUMAN-MACHINE INTERFACES 102
10.2.1 ADVANCES IN TECHNOLOGY 102
10.3 STABILIZATION UNITS 102
10.3.1 DEVELOPMENT OF MODERNIZED STABILIZATION UNITS 102
10.4 CONTROL SYSTEMS 103
10.4.1 DEMAND FOR ADVANCED TURRET CONTROL UNITS 103
10.5 SENSORS 103
10.5.1 INCREASING PROCUREMENT OF SENSORS 103
10.6 OPTICS 103
10.6.1 WIDE APPLICABILITY OF OPTICS AND LENSES IN EO/IR SYSTEMS 103
10.7 PROCESSORS 104
10.7.1 GROWING PREFERENCE FOR ADVANCED PROCESSING SYSTEMS 104
11 MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE 105
11.1 INTRODUCTION 106
FIGURE 39 MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 106
TABLE 35 MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 106
TABLE 36 MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 106
11.2 HANDHELD SYSTEMS 107
11.2.1 INTEGRATED EO/IR CAPABILITIES WITH SOLDIER SYSTEMS FOR INCREASED MISSION EFFECTIVENESS 107
11.2.2 DESIGNATORS 107
11.2.3 RANGEFINDERS 107
11.2.4 HANDHELD THERMAL IMAGERS 107
11.2.5 WEAPON SCOPES & SIGHTS 107
11.3 EO/IR PAYLOADS 108
11.3.1 HIGH DEMAND FOR SMALL, LIGHTWEIGHT, AND COMBAT-PROVEN PRODUCTS 108
11.3.2 VEHICLE EO/IR 108
11.3.3 AIRBORNE EO/IR 108
11.3.4 MARITIME EO/IR 108
12 MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM 109
12.1 INTRODUCTION 110
FIGURE 40 MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 110
TABLE 37 MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 110
TABLE 38 MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 111
12.2 LAND 111
12.2.1 VEHICLE-MOUNTED 111
12.2.1.1 Demand for combat vehicles for offensive cross-country and security operations 111
12.2.1.2 Combat vehicles 111
12.2.1.3 Unmanned ground vehicles (UGVs) 111
12.2.2 DISMOUNTED SOLDIER SYSTEMS 112
12.2.2.1 High demand for handheld tactical radios from defense forces 112
12.3 AIRBORNE 112
12.3.1 MILITARY AIRCRAFT 112
12.3.1.1 Increased modernization programs by militaries 112
12.3.1.2 Fighter aircraft 112
12.3.1.3 Transport aircraft 113
12.3.1.4 Special mission aircraft 113
12.3.2 ATTACK HELICOPTERS 113
12.3.2.1 EO/IR systems provide situational awareness and targeting capabilities 113
12.3.3 UNMANNED AERIAL VEHICLES (UAV) 113
12.3.3.1 UAVs equipped with advanced EO/IR systems for enhanced surveillance and intelligence gathering 113
12.4 NAVAL 114
12.4.1 COMBAT SHIPS 114
12.4.1.1 Increased use of frigates, corvettes, and destroyers 114
12.4.2 UNMANNED SURFACE VEHICLES (USV) 114
12.4.2.1 High procurement of USVs 114
13 MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE 115
13.1 INTRODUCTION 116
FIGURE 41 MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2023–2028 116
TABLE 39 MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2019–2022 (USD MILLION) 116
TABLE 40 MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2023–2028 (USD MILLION) 116
13.2 OEM 117
13.2.1 DEVELOPMENT OF NEXT-GENERATION, ADVANCED MILITARY EO/IR SYSTEMS 117
13.3 AFTERMARKET 117
13.3.1 UPGRADES TO EXISTING FLEET OF MILITARY GROUND VEHICLES 117
14 MILITARY EO/IR SYSTEMS MARKET, BY REGION 118
14.1 INTRODUCTION 119
FIGURE 42 ASIA PACIFIC CLAIMED LARGEST SHARE OF MILITARY EO/IR SYSTEMS MARKET IN 2023 119
14.2 REGIONAL RECESSION IMPACT ANALYSIS 120
TABLE 41 REGIONAL RECESSION IMPACT ANALYSIS 120
TABLE 42 MILITARY EO/IR SYSTEMS MARKET, BY REGION, 2019–2022 (USD MILLION) 121
TABLE 43 MILITARY EO/IR SYSTEMS MARKET, BY REGION, 2023–2028 (USD MILLION) 121
14.3 NORTH AMERICA 122
14.3.1 PESTLE ANALYSIS: NORTH AMERICA 122
14.3.2 RECESSION IMPACT ANALYSIS: NORTH AMERICA 123
FIGURE 43 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET SNAPSHOT 124
TABLE 44 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 124
TABLE 45 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 124
TABLE 46 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 125
TABLE 47 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 125
TABLE 48 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 125
TABLE 49 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 126
TABLE 50 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2019–2022 (USD MILLION) 126
TABLE 51 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2023–2028 (USD MILLION) 126
TABLE 52 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 126
TABLE 53 NORTH AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 127
14.3.3 US 127
14.3.3.1 Modernization programs and defense policies 127
FIGURE 44 US: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2021 127
TABLE 54 US: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 128
TABLE 55 US: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 128
TABLE 56 US: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 128
TABLE 57 US: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 128
TABLE 58 US: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 129
TABLE 59 US: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 129
14.3.4 CANADA 129
14.3.4.1 Increased R&D investments 129
FIGURE 45 CANADA: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2021 130
TABLE 60 CANADA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 130
TABLE 61 CANADA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 130
TABLE 62 CANADA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 131
TABLE 63 CANADA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 131
TABLE 64 CANADA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 131
TABLE 65 CANADA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 132
14.4 EUROPE 132
14.4.1 PESTLE ANALYSIS: EUROPE 132
14.4.2 RECESSION IMPACT ANALYSIS: EUROPE 133
FIGURE 46 EUROPE: MILITARY EO/IR SYSTEMS MARKET SNAPSHOT 134
TABLE 66 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 134
TABLE 67 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 135
TABLE 68 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 135
TABLE 69 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 135
TABLE 70 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 136
TABLE 71 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 136
TABLE 72 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2019–2022 (USD MILLION) 136
TABLE 73 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2023–2028 (USD MILLION) 136
TABLE 74 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 137
TABLE 75 EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 137
14.4.3 UK 137
14.4.3.1 Rapid market expansion through advanced upgrade programs 137
FIGURE 47 UK: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2020 138
TABLE 76 UK: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 138
TABLE 77 UK: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 138
TABLE 78 UK: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 138
TABLE 79 UK: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 139
TABLE 80 UK: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 139
TABLE 81 UK: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 139
14.4.4 FRANCE 139
14.4.4.1 Procurement of new-generation combat vehicles for defense forces 139
FIGURE 48 FRANCE: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2020 140
TABLE 82 FRANCE: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 140
TABLE 83 FRANCE: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 140
TABLE 84 FRANCE: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 141
TABLE 85 FRANCE: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 141
TABLE 86 FRANCE: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 141
TABLE 87 FRANCE: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 142
14.4.5 GERMANY 142
14.4.5.1 Major global exporter of armored vehicles 142
FIGURE 49 GERMANY: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2020 142
TABLE 88 GERMANY: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 143
TABLE 89 GERMANY: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 143
TABLE 90 GERMANY: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 143
TABLE 91 GERMANY: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 143
TABLE 92 GERMANY: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 144
TABLE 93 GERMANY: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 144
14.4.6 RUSSIA 144
14.4.6.1 Advanced naval fleet provides opportunities for naval EO/IR payloads 144
TABLE 94 RUSSIA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 144
TABLE 95 RUSSIA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 145
TABLE 96 RUSSIA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 145
TABLE 97 RUSSIA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 145
TABLE 98 RUSSIA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 146
TABLE 99 RUSSIA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 146
14.4.7 ITALY 146
14.4.7.1 Robust presence of major defense players 146
FIGURE 50 ITALY: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016–2020 146
TABLE 100 ITALY: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 147
TABLE 101 ITALY: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 147
TABLE 102 ITALY: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 147
TABLE 103 ITALY: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 147
TABLE 104 ITALY: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 148
TABLE 105 ITALY: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 148
14.4.8 REST OF EUROPE 148
14.4.8.1 Significant improvement and strengthening of military power 148
TABLE 106 REST OF EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 148
TABLE 107 REST OF EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 148
TABLE 108 REST OF EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 149
TABLE 109 REST OF EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 149
TABLE 110 REST OF EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 149
TABLE 111 REST OF EUROPE: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 150
14.5 ASIA PACIFIC 150
14.5.1 PESTLE ANALYSIS: ASIA PACIFIC 150
14.5.2 RECESSION IMPACT ANALYSIS: ASIA PACIFIC 151
FIGURE 51 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET SNAPSHOT 152
TABLE 112 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 152
TABLE 113 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 153
TABLE 114 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 153
TABLE 115 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 153
TABLE 116 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 154
TABLE 117 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 154
TABLE 118 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2019–2022 (USD MILLION) 154
TABLE 119 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2023–2028 (USD MILLION) 154
TABLE 120 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 155
TABLE 121 ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 155
14.5.3 CHINA 155
14.5.3.1 Increased investments to strengthen military 155
FIGURE 52 CHINA: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2021 156
TABLE 122 CHINA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 156
TABLE 123 CHINA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 156
TABLE 124 CHINA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 156
TABLE 125 CHINA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 157
TABLE 126 CHINA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 157
TABLE 127 CHINA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 157
14.5.4 INDIA 157
14.5.4.1 Growing procurement of combat vehicles 157
FIGURE 53 INDIA: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2021 158
TABLE 128 INDIA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 158
TABLE 129 INDIA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 158
TABLE 130 INDIA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 159
TABLE 131 INDIA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 159
TABLE 132 INDIA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 159
TABLE 133 INDIA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 159
14.5.5 AUSTRALIA 160
14.5.5.1 Manufacturing and modernization of RWS and combat fleet with advanced military EO/IR systems 160
FIGURE 54 AUSTRALIA: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2020 160
TABLE 134 AUSTRALIA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 160
TABLE 135 AUSTRALIA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 161
TABLE 136 AUSTRALIA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 161
TABLE 137 AUSTRALIA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 161
TABLE 138 AUSTRALIA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 162
TABLE 139 AUSTRALIA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 162
14.5.6 JAPAN 162
14.5.6.1 High-end indigenous military technologies 162
FIGURE 55 JAPAN: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2020 163
TABLE 140 JAPAN: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 163
TABLE 141 JAPAN: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 163
TABLE 142 JAPAN: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 163
TABLE 143 JAPAN: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 164
TABLE 144 JAPAN: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 164
TABLE 145 JAPAN: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 164
14.5.7 SOUTH KOREA 164
14.5.7.1 Increasing use of robotics technologies 164
FIGURE 56 SOUTH KOREA: MILITARY SPENDING (USD BILLION) VS. GDP (%), 2016−2020 165
TABLE 146 SOUTH KOREA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 165
TABLE 147 SOUTH KOREA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 165
TABLE 148 SOUTH KOREA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 166
TABLE 149 SOUTH KOREA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 166
TABLE 150 SOUTH KOREA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 166
TABLE 151 SOUTH KOREA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 167
14.5.8 REST OF ASIA PACIFIC 167
14.5.8.1 Procurement of handheld systems for soldiers 167
TABLE 152 REST OF ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 167
TABLE 153 REST OF ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 168
TABLE 154 REST OF ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 168
TABLE 155 REST OF ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 168
TABLE 156 REST OF ASIA PACIFIC: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 169
TABLE 157 REST OF THE WORLD: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 169
14.6 ROW 169
14.6.1 RECESSION IMPACT ANALYSIS: ROW 169
TABLE 158 ROW: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 170
TABLE 159 ROW: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 170
TABLE 160 ROW: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 170
TABLE 161 ROW: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 170
TABLE 162 ROW: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 171
TABLE 163 ROW: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 171
TABLE 164 ROW: MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2019–2022 (USD MILLION) 171
TABLE 165 ROW: MILITARY EO/IR SYSTEMS MARKET, BY POINT OF SALE, 2023–2028 (USD MILLION) 171
TABLE 166 ROW: MILITARY EO/IR SYSTEMS MARKET, BY REGION, 2019–2022 (USD MILLION) 171
TABLE 167 ROW: MILITARY EO/IR SYSTEMS MARKET, BY REGION, 2023–2028 (USD MILLION) 172
14.6.2 MIDDLE EAST & AFRICA 172
14.6.2.1 Social unrest and market instability 172
TABLE 168 MIDDLE EAST & AFRICA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 172
TABLE 169 MIDDLE EAST & AFRICA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 172
TABLE 170 MIDDLE EAST & AFRICA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 173
TABLE 171 MIDDLE EAST & AFRICA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 173
TABLE 172 MIDDLE EAST & AFRICA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 173
TABLE 173 MIDDLE EAST & AFRICA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 174
14.6.3 LATIN AMERICA 174
14.6.3.1 Increased demand for unmanned military ground vehicles 174
TABLE 174 LATIN AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 174
TABLE 175 LATIN AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 174
TABLE 176 LATIN AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 175
TABLE 177 LATIN AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 175
TABLE 178 LATIN AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2019–2022 (USD MILLION) 175
TABLE 179 LATIN AMERICA: MILITARY EO/IR SYSTEMS MARKET, BY PLATFORM, 2023–2028 (USD MILLION) 175
15 COMPETITIVE LANDSCAPE 176
15.1 INTRODUCTION 176
TABLE 180 KEY DEVELOPMENTS BY LEADING PLAYERS IN MILITARY EO/IR SYSTEMS MARKET, 2019–2022 176
15.2 RANKING ANALYSIS, 2022 179
FIGURE 57 MARKET RANKING OF TOP FIVE PLAYERS, 2022 179
15.3 MARKET SHARE ANALYSIS, 2022 179
FIGURE 58 MARKET SHARE OF TOP FIVE PLAYERS, 2022 179
TABLE 181 MILITARY EO/IR SYSTEMS MARKET: DEGREE OF COMPETITION 180
15.4 REVENUE ANALYSIS, 2022 183
FIGURE 59 REVENUE OF TOP FIVE PLAYERS, 2022 183
15.5 COMPETITIVE BENCHMARKING 183
TABLE 182 COMPANY PRODUCT FOOTPRINT ANALYSIS 183
TABLE 183 PLATFORM FOOTPRINT ANALYSIS 184
TABLE 184 REGION FOOTPRINT ANALYSIS 185
15.6 COMPETITIVE EVALUATION QUADRANT 186
15.6.1 STARS 186
15.6.2 EMERGING LEADERS 186
15.6.3 PERVASIVE PLAYERS 186
15.6.4 PARTICIPANTS 186
FIGURE 60 MARKET COMPETITIVE LEADERSHIP MAPPING, 2022 187
15.7 STARTUP/SME EVALUATION QUADRANT 187
15.7.1 PROGRESSIVE COMPANIES 187
15.7.2 RESPONSIVE COMPANIES 187
15.7.3 STARTING BLOCKS 188
15.7.4 DYNAMIC COMPANIES 188
FIGURE 61 STARTUP/SME COMPETITIVE LEADERSHIP MAPPING, 2022 188
15.8 COMPETITIVE SCENARIO 189
15.8.1 MARKET EVALUATION FRAMEWORK 189
15.8.2 PRODUCT LAUNCHES 189
TABLE 185 PRODUCT LAUNCHES, 2019–2022 189
15.8.3 DEALS 191
TABLE 186 DEALS, 2019–2022 191