According to the new market research report “Electro-optical Infrared (EO/IR) Camera- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Electro-optical Infrared (EO/IR) Camera market size is projected to grow from USD 1.09 billion in 2024 to USD 1.36 billion by 2030, at a CAGR of 3.64% during the forecast period (2024-2030).
- Global Electro-optical Infrared (EO/IR) Camera Market Size (US$ Million), 2019-2030
Source: QYResearch, “Electro-optical Infrared (EO/IR) Camera- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Electro-optical Infrared (EO/IR) Camera Top 11Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, “Electro-optical Infrared (EO/IR) Camera- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
This report profiles key players of Electro-optical Infrared (EO/IR) Camera such as Northrop Grumman, L3Harris Wescam, Teledyne FLIR, China North Industries Group, Elbit Systems, Safran, Controp Precision Technologies, Edge Autonomy, Collins Aerospace, Ascent Vision Technologies, Leonardo DRS, etc.
In 2023, the global top five Electro-optical Infrared (EO/IR) Camera players account for 55.26% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Electro-optical Infrared (EO/IR) Camera.
- Electro-optical Infrared (EO/IR) Camera, Global Market Size, Split by Product Segment
Source: QYResearch, “Electro-optical Infrared (EO/IR) Camera- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, 2-axis EO/IR Gimbal is the largest segment, hold a share of 43.18%.
- Electro-optical Infrared (EO/IR) Camera, Global Market Size, Split by Application Segment
Source: QYResearch, “Electro-optical Infrared (EO/IR) Camera- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, Military is the largest application, hold a share of 83.94%.
- Electro-optical Infrared (EO/IR) Camera, Global Market Size, Split by Region
Source: QYResearch, “Electro-optical Infrared (EO/IR) Camera- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
D1: Growth in demand for national defense and security: Globally, countries are paying increasing attention to national defense and security, driving the application demand for Electro-optical Infrared (EO/IR) Camera in military reconnaissance, target tracking, border monitoring and other fields.
D2: Industrial upgrading and integration: As market competition intensifies, industrial integration and upgrading have become an inevitable trend. Through technological innovation, brand building, market expansion and other means, companies can improve their own strength and gain more market share.
D3: Emerging markets: With the development of the global economy and the popularization of technology, the demand for Electro-optical Infrared (EO/IR) Camera in emerging markets such as Africa and Latin America has gradually increased, providing the market with broad development space.
Challenge:
C1: High Cost of Technology: Electro-optical Infrared (EO/IR) Camera systems often require sophisticated technology and components, leading to relatively high manufacturing and procurement costs. This can limit their widespread adoption, especially in cost-sensitive applications or emerging markets.
C2: Strict Regulatory Framework: The use of Electro-optical Infrared (EO/IR) Camera systems, especially in military and security applications, is often subject to strict regulatory frameworks and export control laws. Compliance with these regulations can add complexity and costs to the market.
C3: Data Processing and Analysis: The vast amounts of data generated by Electro-optical Infrared (EO/IR) Camera systems require efficient processing and analysis. This can be a challenging task, especially when dealing with real-time or high-resolution data. The need for advanced data processing capabilities adds complexity and cost to the system.
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