Growing Demand for Advanced Military Systems amidst increasing Defense Budget

After years of excruciatingly slow development, owing to high equipment costs, electro-optics/infrared (EO/IR) systems have found application in militaries across the globe. These systems provide enhanced visibility, and are...

After years of excruciatingly slow development, owing to high equipment costs, electro-optics/infrared (EO/IR) systems have found application in militaries across the globe. These systems provide enhanced visibility, and are extensively used for night vision, navigation, surveillance, and targeting by the armed forces. The global military electro optical and infrared systems market is expected to witness a CAGR of 7.25% to reach USD X.XX billion by 2020.

. The recent developments have paved the way for the application of EO/IR systems in all three types of forces, i.e. air, land, and naval. These systems are customized to work along with the existing equipment for a more precise output. The EO/IR systems are further categorized, based on the usage.

The processed information gained by analyzing movements has always been critical in accomplishing the required mission. These systems consist of a broad category of equipment designed to support the military’s decision-making, planning, and intelligence.

Electro-optics: It consists of devices and components that operate by analyzing the interaction of light with different materials. This system works on the electro-optical effect that relates to variance in the optical properties of different mediums. It can aid in assessing the movement and type of artillery of a battalion.

Infrared: This system detects the infrared radiation. The infrared emissions are directly related to the temperature of a body, i.e. colder objects emit less energy compared to hotter objects. Since human body temperature is much higher than the surrounding temperatures, any objectionable movement in areas of less or zero visibility can be tracked by the forces.

Some of the major players are Airbus, Lockheed Martin Corporation, BAE Systems, L-3 Communications Corporation, Israel Aerospace Industries (IAI), and Elbit Systems Ltd.

The demand for electro-optics/infrared systems has seen positive growth in recent years amidst increasing tensions among the largest economies of the world .The highest growth is predicted to be in the Asia-Pacific region due to rising dominance.

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Aviation Airplanes
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