The Global Military Electro Optical Infrared(EO/IR)Market 2014–2024

Date: 2015-09

“The report provides detailed analysis of the market for military EO/IR Systems during 2014–2024, including the factors that influence why countries are investing or cutting expenditure on military ammunition. It provides detailed expectations of growth rates and projected total expenditure.

Governments worldwide recognize the need to increase the promptness of military attacks while shortening the time taken to complete a mission. This is where EO/IR Systems are increasing in importance, with their ability to reduce the ISR mission-cycle time and help towards the rapid, ad hoc integration of platforms into strike forces and fast-reaction mission planning. The forecast period will also witness robust development of EO/IR compatible software applications to be used for the successful working of EO/IR Systems procured for various combat and homeland security purposes and to be used across all three platforms including air, sea and land. Use of these software applications on naval platforms is expected to present the fastest growing opportunity for suppliers during the forecast period.”

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