DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4grfgb/electro_optical) has announced the addition of the "Electro Optical Systems Market by Segment, by Product, by Geography - Forecasts & Analysis to 2014 - 2020" report to their offering.
The global Electro-Optics market is projected to be $11.76 billion in 2014 and is expected to register a CAGR of 2.98 % to reach $14.03 billion by 2020.
The growth will be driven by increasing usage of electro optic systems in surveillance operations. Border protection agencies are using electro optic equipment to monitor and prevent intrusion attempts. Electro optic infrared systems are being used as a complement for radar systems on land and ships and are effective in tracking stealth aircraft and low observable missiles. In naval platforms, electro optic systems are finding increasing use in next generation close in weapon system (CIWS).
This report analyzes the defense, civilian, and homeland security applications of electro optic systems. With respect to defense application, the sub segments considered are airborne, naval, and land based. Law and order deployment is considered for homeland security, and civilian aircraft applications are considered under aerospace and homeland security application.
Electro optic systems in the U.S. and Europe are estimated to have flat growth due to the end of the wars in Iraq and Afghanistan. However, NATO deployments in Eastern Europe are set to increase due to recent Russian invasion in Ukraine and hence will enable procurement of electro optic systems. Countries such as Turkey will also invest in development of indigenous electro optic equipment to meet the growing need as Turkey is in close proximity to an unstable Syria.
The profile of primary companies of the market includes the financial details and developments with respect to the electro optic systems market, and their geographic trends. The MNM views included in the company profile provide a SWOT analysis of the companies. This report highlights and analyses the market drivers and restraints of the EO systems.
The report also includes technology roadmap for EO systems. The geographic regions considered for the report are Asia-Pacific, North America, Middle East, Europe and rest of the world. The report analyses the trends and revenue of across these regions. Key countries from these regions are also analyzed. The segments based on application are defense, homeland security and aerospace.
Product wise, the EO systems are split into infrared and laser, based on segments the EO systems are split into defense, commercial and homeland security and based on application the EO systems are split into airborne, naval and land based systems. The report incorporated procurement and operational cost of EO systems and product wise analysis is across countries and geographies. Key trends across the three segments are analyzed as well.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Market Overview
4 Market Dynamics
5 Regional Analysis
6 Country Analysis
7 Competitive Landscape
8 Company Profiles
- Bae Systems Plc
- Drs Technologies
- Elbit Systems
- Flir Systems Inc.
- General Dynamics
- Ii-Vi, Inc.
- L-3 Communications Holdings Inc
- Lockheed Martin
- Northrop Grumman Corp.
- Raytheon Co.
- Thales SA
- Ultra Electronics Holdings Plc
For more information visit http://www.researchandmarkets.com/research/4grfgb/electro_optical
