Electro-Optical Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

  • Single User License $3500

Electro-Optical Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : August, 2021 | Technology & Media

Report Digest


Electro-Optical Market: Snapshot

The growth of the global electro optical market is vastly dependent on the growth of military and defense and aerospace sector. This is because electro optical systems are extensively used by these aforementioned sectors for testing. The electro optical systems are used for non destructive testing in the aerospace sector and the border protection agencies make use of these systems for monitoring intrusion attempts. As terrorist activities are on a rise, there is a constant need for surveillance and the need to prevent intrusion attempts by any suspicious person. This will create a favorable environment for the growth of the global electro optical market during the period from 2017 to 2025, expanding at a healthy CAGR.

Along with radar systems, electro optical systems are being used on ships and lands for tracking stealth aircraft effectively. These systems are also helpful for detecting low observable missiles. Naval platforms are making use of electro optical systems in CIWS or close in weapon system for target engagement and acquisition. The structural integrity of a component is checked by laser and infrared electro optical variants. The growing initiatives taken by naval, aerospace, defense and military sectors for up gradation will bode well for the global electro optical market. There is a need for developing safe eye lasers that are harmless and cause no strain and harm to a soldier’s eye and this is expected to create opportunities of growth for the market. In the years to come, it is estimated that the airborne electro optic systems will see a higher demand owing to their use in unmanned aerial vehicles (UAVs).

Global Electro-Optical Market: Overview

The electro-optical market is gaining significant momentum across the world. Vendors have focused on developing powerful, lightweight, yet cost efficient systems that can improve the competence of critical operations involved in missions. The aerospace, defense, and the homeland security agencies are increasingly deploying electro-optical systems, which is reflecting positively on the growth of this market.

The most-used part for electro-optical systems is laser, which is highly competent of emitting radiation from the entire scope of the optical spectrum. It is utilized as a targeting tool for a several projectiles and missiles in military applications. These systems are also deployed into unmanned vehicles to provide a wide range of functions, such as range finding, target acquisition, imaging, and surveillance.

This research report, prepared using various paid and unpaid sources, provides a comprehensive and in-depth assessment of the worldwide electro-optical market. It helps in identifying prominent trends, driving forces, opportunities, restraints, and growth prospects of this market at both, regional as well as global level, which makes it a reliable business tool. It also offers qualitative as well as quantitative insights into the competitive landscape of this market by reviewing the profiles of the main companies on the basis of their market shares, business strategies, product details, revenue structure, and significant development. A SWOT analysis of each of the participants has also been performed in this study to determine their potential growth trajectory.

Global Electro-Optical Market: Growth Drivers and Restraints

The main driving force behind the rise of the global electro-optical market is the substantial growth in the demand for intelligence, surveillance, and reconnaissance. In addition to this, the increasing technological advancements in this field are also expected drive significant growth in this market over the forthcoming years.

On the other hand, budgetary cuts by defense on electro optical systems may limit the growth of this market to some extent in the years to come. However, the rising deployment of electro-optical systems in military, aerospace and homeland security, owing to various advantages of electro-optic technology, will continue to boost this market in the near future.

Global Electro-Optical Market: Segmentation

The worldwide electro-optical market is generally studied on the basis of the type of product, application, end users, and the geography. Based on the type of product, the market is classified into infrared and laser. Based on the application, the market is categorized into defense, airborne, naval, and land based systems. By end users, the market is segmented into the defense, aerospace, and the homeland security sectors. Geographically, the market is divided into North America, Asia Pacific, Europe, and the Rest of the World including Latin America, the Middle East, and Africa.

Global Electro-Optical Market: Companies Mentioned in the Report

Some of the leading players in the global electro-optical market are Sagem, Flir Systems Inc., Ultra-Electronics, BAE Systems, SAAB, DRS Technologies Inc., General Atomics Aeronautical Systems Inc., Thales Group, Raytheon Co., Rheinmetall, Elbit Systems Ltd., Lockheed Martin, and L3-Communications.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?