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Top 20 Military Electro Optical and Infrared (EOIR) Systems Companies Report 2023 market is projected to grow at a CAGR of 16.5% by 2033: Visiongain

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As per the report by Visiongain, the Global Top 20 Military Electro Optical and Infrared (EOIR) Systems Companies Report 2023 Market was valued at US$8.17 billion in 2022 and is projected to grow at a CAGR of 16.5% during the forecast period 2023-2033. 

Visiongain has published a new report entitled Top 20 Military Electro Optical and Infrared (EOIR) Systems Companies Report 2023. It includes profiles of Top 20 Military Electro Optical and Infrared (EOIR) Systems Companies Report 2023 and Forecasts Market Segment by Type (Imaging EO/IR System, Non-Imaging EO/IR System) Market Segment by Platform (Airborne EO/IR System, Ground EO/IR System, Naval EO/IR System) Market Segment by (Application, Military Intelligence, Surveillance, Reconnaissance, Other Applications) Market Segment by Wavelength (Ultraviolet, Near-Infrared, Short Wavelength Infrared, Medium Wavelength Infrared, Long Wavelength Infrared, Other Wavelength) plus COVID-19 Impact Analysis and Recovery Pattern Analysis (“V”-shaped, “W”-shaped, “U”-shaped, “L”-shaped), Profiles of Leading Companies, and Region. 

Technological Advancements in EO/IR Systems are Driving the Market 

Technological advancements have played a significant role in the substantial growth of the EO/IR market. Rapid progress in technology has significantly enhanced the capabilities of EO/IR sensors. The development of high-performance, low-power electronics has facilitated the creation of smaller and more efficient EO/IR systems. This miniaturization has led to greater portability and expanded the range of military and commercial applications for EO/IR sensors and systems. 

Furthermore, advancements in image processing and computer vision algorithms have revolutionized the field. These improvements enable the processing of vast amounts of data captured by EO/IR sensors, resulting in enhanced capabilities for target detection and recognition. A notable example is the Shotover M2 EO/IR system, introduced in July 2022. This highly advanced system combines EO/IR sensors with advanced stabilization technology, allowing it to deliver high-quality imagery even in challenging environments. It has been designed for various applications, including search and rescue, law enforcement, and military operations. Such advancements exemplify how technology is driving the EO/IR market and expanding its application possibilities. 

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How has COVID-19 had a significant negative impact on the Top 20 Military Electro Optical and Infrared (EOIR) Systems Companies Report 2023 Market? 

Many countries have experienced economic downturns and budgetary constraints due to the pandemic. Governments have had to allocate funds to support healthcare systems, emergency relief measures, and economic recovery efforts. As a result, defense budgets have been impacted, leading to potential cuts or delays in military procurement programs, including those related to EOIR systems. 

The pandemic has disrupted global supply chains, causing delays in the production and delivery of EOIR systems. Restrictions on international trade, closure of manufacturing facilities, and logistical challenges have hampered the timely availability of critical components and equipment needed for EOIR systems. This has resulted in supply shortages and delayed project timelines. 

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How will this Report Benefit you? 

Visiongain’s 256-page report provides 88 tables and 126 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global top 20 military electro optical and infrared (EOIR) systems companies report 2023 market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Top 20 Military Electro Optical and Infrared (EOIR) Systems Companies Report 2023. Get financial analysis of the overall market and different segments including type, platform, wavelength, application, and company size and capture higher market share. We believe that there are strong opportunities in this fast-growing top 20 military electro optical and infrared (EOIR) systems companies report 2023 market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company. 

What are the Current Market Drivers? 

Increasing Demand from Military and Defense Sectors 

The demand for EO/IR systems is primarily driven by the military and defence sectors, where these systems are widely used for surveillance, target acquisition, and reconnaissance applications. The advanced capabilities of EO/IR systems in detecting and tracking enemy movements, monitoring borders and territories, and identifying potential threats have made them an essential tool for military and defence operations. The increasing investment in military modernization programs and the growing threat of terrorism and cross-border conflicts have further accelerated the demand for EO/IR systems in these sectors. Moreover, the high-resolution imagery provided by these systems, even in low light or adverse weather conditions, has made them a preferred choice among military and defence organizations. Hence, the increasing demand from the military and defence sectors is a major driving factor for the EO/IR systems market. 

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Where are the Market Opportunities? 

The Increasing Defence Budgets of Several Nations Offer the EO/IR Market a Sizable Window of Opportunity 

The increasing defence budgets of several nations offer a significant opportunity for the EO/IR market to grow. For instance, the United States, China, and India have increased their defence budgets in recent years, with a focus on modernizing their military equipment and technology. 

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In 2022, The United States boost the military budget by 8% over fiscal 2022 levels. The $858 billion plan includes roughly $817 billion in Defense Department spending. This budget includes investments in advanced technologies, such as artificial intelligence, hypersonic weapons, and directed energy weapons, which are expected to drive the demand for EO/IR systems. 

The Chinese government announced an increase in its 2022 defence budget by 7.1% from the previous year, with a total budget of CNY1.45 trillion (USD 229.5 billion). This announcement was made at the annual National People’s Congress (NPC) opening session held on March 5, 2022. This marks the seventh consecutive year of single-digit growth in China’s defence budget. 

EO/IR System Integration with Traditional Military Systems 

A sizable opportunity for the EO/IR market is the integration of EO/IR systems with traditional military systems. The success of a mission in modern warfare depends on having access to situational awareness and real-time intelligence. By integrating EO/IR systems with traditional military systems, military forces can gain a more complete and accurate understanding of the battlefield. Because of the real-time information sharing and coordinated responses made possible by this integration, military operations are more successful.  

Competitive Landscape 

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The major players operating in the top 20 military electro optical and infrared (EOIR) systems companies report 2023 market are Aselsan A.S., BAE Systems plc, CONTROP Precision Technologies, Corning’s Incorporated, Elbit Systems Ltd., Hensoldt AG, Israel Aerospace Industries Ltd, L-3 Harris Technologies Inc., Leidos Holdings Inc., Leonardo S.p.A, Lockheed Martin Corporation, Logos Technologies, Moog Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, Safran Group, Teledyne FLIR, Textron Inc, Thales Group, The Boeing Co., Theon Sensors SA. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch. 

Recent Developments 

  • 28 April 2023, The purchase of Aubert & Duval from Eramet by the holding company, which is owned equally by Airbus, Safran, and Tikehau Capital, has been completed. In particular, the aerospace, defence, nuclear, and medical industries rely on Aubert & Duval as a strategic supplier of critical components and materials. 
  • 21 April 2023, Safran Helicopter Engines has signed an SBH contract with Bavarian police to provide MRO and services for 16 Arriel 2E Engines powering its new H145 helicopter fleet. The contract was signed before the helicopters’ delivery to ensure the engines’ optimal performance. 

To access the data contained in this document please email [email protected]

To find more Visiongain research reports on the defence sector, click on the following links: 

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: [email protected] 

About Visiongain 

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Visiongain is one of the fastest-growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs. 

Contact: 

Visiongain Reports Limited 
Telephone: +44 (0) 20 7336 6100 
Email: [email protected]  
Web: www.visiongain.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024

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HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.

Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence

Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177013645
Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Drone Sensor Market Size, Share, Industry Growth & Trends by Sensor Type, Platform (VTOL Type, Fixed Wing Type, Hybrid Type), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Power Monitoring), End Users and Region – Global Forecast to 2029
Smart Agriculture Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Hardware, Software, Services), Agriculture Type, Farm Size (Large, Medium, Small), Application (Precision Farming, Livestock Monitoring) and Region (America, Europe, Asia Pacific, Row) – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/anti-drone-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/anti-drone.asp
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CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review

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CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).

The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
 

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