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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.