Technavio Sets Global Military EO, IR Systems Market CAGR at 6% for 2015-2019

researchA new Technavio report predicts the global military electro-optical and infrared systems market will grow 6.07 percent year over year from 2015 through 2019.

The report finds that the market will be buoyed by the increasing demand for vetronics and the rise of InGaAs detector systems, Technavio said Sept. 3.

The market will also face major challenges from unmanned aerial systems issues, defense budget constraints in the U.S. and U.K., and regulations, according to the report.

Technavio noted a growing trend in long-wave IR system, low-light sensors, laser rangefinders and EO/laser guidance systems.

The report profiles the following market players:

  • BAE Systems
  • Elbit Systems
  • General Dynamics
  • L-3 Communications
  • Lockheed Martin
  • Northrop Grumman
  • Raytheon
  • Rockwell Collins
  • Thales
  • UTC Aerospace

You may also be interested in...

Anitian

Anitian, Microsoft Partnership Adds Compliance Automation Tech to Azure

Anitian and Microsoft have lenabled the former's automation tool to help customers deploy workloads into the Azure cloud environment and speed up cloud migration processes.

Machine learning framework

DARPA Taps University of Massachusetts, Amherst for Machine Learning Framework Development

A University of Massachusetts, Amherst laboratory has received a contract fom the Defense Advanced Research Projects Agency to design a framework for machine learning in support of the Ditto - Intelligent Auto-Generation and Composition of Surrogate Models project.

William Irby COO Martin UAV

William Irby Named Martin UAV COO, Sean Olds Appointed CFO

William Irby, a nearly three-decade aerospace and defense industry veteran, has joined unmanned aircraft system manufacturing company Martin UAV as chief operating officer.