Global Spending On Military Electro Optical And Infra-Red (EO/IR) Systems Set To Reach $8.38B In 2014, According To A New Study On ASDReports

A new forecast report released recently, now available on ASDReports, an independent business intelligence provider, indicates that global spending on military electro optical and infra-red systems will reach $8.38B in 2014.

The research is published in an in depth new report entitled Military Electro Optical Infra-Red (EO/IR) Systems Market Forecast 2014-2024: Top Companies Enhancing ISR for Ground, Naval, Airborne & UAV Platforms which details current and projected market size for the 20 largest national markets within the military EO/IR systems sector and the 3 main end use submarkets ground, naval and airborne. The report also profile the 20 leading companies in military EO/IR technologies and also includes exclusive interviews with Cassidian Optronics and the Tamam Division of Israel Aerospace Industries (IAI) underpinning analysis.

This analytical 379-page report features 313 charts and details of over 250 industry-related contracts and programmes to produce a comprehensive analysis of the current and future trends within this market. Particular focus is given to understanding the key drivers and restraints that will shape future spending patterns on military EO/IR technologies.

According to the analyst responsible for the reports military EO/IR research: “The growing significance of advanced EO/IR systems within modern military capabilities, and their utility within an increasing diverse array of military operations other than war, will continue to fuel steady levels of growth over the coming decade. This will be further facilitated by technological innovations including more powerful systems in smaller, lighter payloads and the move towards fully digitalised and integrated military systems.”

Military Electro Optical Infra-Red (EO/IR) Systems Market Forecast 2014-2024: Top Companies Enhancing ISR for Ground, Naval, Airborne & UAV Platforms will be of value to current, and future, investors into this industry, as well as to companies and public authorities wishing to broaden their knowledge of the military EO/IR systems market.