Key Players in the Electro-Optical/Infrared Systems Market By 2030

The global electro-optical/infrared (EO/IR) systems market was valued at USD 13.15 billion in 2018 and is anticipated to reach USD 20.36 billion by 2026, exhibiting a CAGR of 5.84% during the forecast period.

Report Summary:

https://www.fortunebusinessinsights.com/electro-optical-infrared-eo-ir-systems-market-102742

Key Players: Electro-Optical/Infrared Systems Market

  • Lockheed Martin Corporation (The US)
  • Raytheon Company (The US)
  • Leonardo S.p.A. (Italy)
  • Elbit Systems Ltd. (Israel)
  • L-3Harris Technologies Inc. (The US)
  • BAE Systems PLC. (The UK)
  • Thales Group (France)
  • Northrop Grumman Corporation (The US)
  • General Dynamics (The US)
  • UTC Aerospace (The US)
  • Rheinmetall AG (Gernamy)
  • Saab Group (Sweden)

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Competitive Landscape:

Contract Bagged by Elbit Systems to Accelerate Market Potential

Elbit Systems Ltd., an Israel-based international defense electronics company announced that its subsidiary, Elbit Systems of America LLC received a contract by Raytheon Company, a manufacturer and leader in weapons and military electronics for the U.S. defense, to deliver the Two-Color Laser System (TCLS) for the Multi-Spectral Targeting System. The agreement between Elbit Systems of America LLC and Raytheon Company will promote the electro-optical/infrared (EO/IR) systems market revenue during the forecast owing to the Two-Color Laser System (TCLS) capabilities in airborne missions. For instance, TCLS is used in multiple military airborne platforms, including the next-generation targeting systems onboard unmanned aerial vehicles. Furthermore, President and CEO of Elbit Systems of Americ

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Regional Analysis:

Rising Emphasis on Border Security to Propel Market in Asia Pacific

The market in North America stood at USD 6.21 billion and is expected to grow rapidly in the forthcoming years owing to the presence of major players in the region. Asia Pacific is predicted to witness a high growth rate in the forthcoming years due to the rising military expenditure. The increasing border security will subsequently foster the growth of the market in the region. The increasing technological advancement in military electronics will facilitate growth in the region. The rising development and production of high-class military aircrafts and UAVs for military operations will favor healthy growth in Asia Pacific. The growing deals and agreements among players will consequently bode well for the market in Asia Pacific. For instance, Elbit Systems Ltd. announced that it was granteda deal of approximately $670 million contract to supply defense solutions to a country in Asia-Pacific. The contract will be performed over a 25-month period.

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