Dublin, July 24, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/jlnjhq/electro_optical) has announced the addition of the "Global Electro Optical Systems (Defense, Aerospace, Homeland Security) Market - Forecasts & Analysis to 2020" report to their offering.
The global electro optics market is estimated to be $11.76 billion in 2014 and is expected to register a CAGR of 2.98% to reach $14.03 billion by 2020.
Electro optics systems are used for a wide range of operations on ground-based, naval, and airborne platforms. A typical electro optics system can be used for target acquisition and engagement in the defense segment. Defense, aerospace, and homeland security segments are capable of growing at a considerable rate. The defense segment will make up the majority of the revenue followed by homeland security and the aerospace segment.
North America, Europe and Asia-Pacific will drive growth throughout the study period. The growth will be due to proliferation of electro optics systems in the aerospace and homeland security segments. The defense segment will be driven by the upgrade and replacement of existing electro optics systems currently deployed among defense forces.
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 electro optics systems are split into infrared and laser, based on segments the electro optics systems are split into defense, commercial and homeland security and based on application the electro optics systems are split into airborne, naval and land based systems. The Border disputes will increase the procurement of electro optics systems across the globe as these systems are vital for monitoring the border and prevent intrusions. Electro optics systems are also finding use by customs and law enforcement agencies of various nations.
Electro optical systems are used in multiband optical surveillance system, aircraft missile warning solutions, high energy laser/missile for aerospace, naval and land based applications, imaging and surveillance systems, infrared space sensors, night vision, thermal imaging, and in heads up displays.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Market Dynamics
5 Regional Analysis
6 Country Analysis
7 Competitive Landscape
8 Company Profiles
- Bae Systems
- Drs Technologies
- Elbit Systems
- Flir Systems
- General Dynamics
- L-3 Communications Holdings
- Lockheed Martin
- Northrop Grumman
- Ultra Electronics Holdings
For more information visit http://www.researchandmarkets.com/research/jlnjhq/electro_optical
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Source:Research and Markets