Intelligence, surveillance and reconnaissance (ISR) missions are the key components of modern military missions. During these missions, electro-optical and infra-red (EO/IR) systems are critical for collecting data and providing insights. Global military electro-optics infrared market is anticipated to grow with a healthy growth rate owing to increased deployment of EO/IR systems, technological advancement and need for enhanced battleground awareness. However, issues regarding performance reliability in extreme weather conditions might hamper the market growth. The market is identified by the presence of well-diversified small and large vendors within stiff competition. Merger, acquisition, and technological innovation are the most prominent strategies adopted by the market players to improve their market share. North America is expected to dominate the market throughout forecast period.
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Research Objective
Market Segmentation
By Platform
By System
By Wavelength
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