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ELECTRO OPTICAL SYSTEMS

Global Market Trajectory & Analytics

MCP11723

VALIDATED EXECUTIVE ENGAGEMENTS

POOL + OUTREACH

7987
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

1118
Interactions with Platform & by Email

PARTICIPANTS

242
Unique # Participated

VALIDATIONS

109
Responses Validated*
* Login to view program details and full enterprise executive list.

DATE

JUL 2020

TABLES

135

PAGES

409

EDITION

6

PRICE

USD $4950


A pandemic of unprecedented proportions in terms of scale and speed, COVID-19 is creating a mixed bag of current challenges and long-term opportunities for high-tech industries. The global contagion has irreversibly changed life and behavior of governments, companies and people. The post COVID-19 period will require new capabilities and newer ways of working and operation. Conventional best practices have already fallen by the wayside amid the disruption and destruction. Technology will now take precedence and will have a bigger role to play in all facets of life. Use of artificial intelligence, IoT, robots, machines, drones, cloud computing, optical communications, internet, automation and remote collaboration, among others will rise in significance and adoption in the new world obsessed with social distancing and no-contact operation. As a technology that is important to the future of electrical engineering, materials science and physics, the global market for electro optical (EO) systems is expected to share the optimism surrounding a future built around smart technologies. Defined as a technology that makes use of a mix of optics and electronics for generating, detecting and measuring radiation in the optical spectrum, EO systems find uses in UAVs/UGVs, 3D printing, defense and space systems, imaging, machine vision and remote sensors. EO systems can measure electromagnetic spectrum with wavelengths in the 0.1-1000 micrometers range, which comprises visible light, infrared radiation and ultraviolet radiation. Healthy long-term demand growth is forecast for the market, given the widespread application possibilities in a number of commercial and military applications. Currently however with several of the end-use industries caught in the financial storm raised by the COVID-19 pandemic, the market will slump in the year 2020 by -12% before recovering to reach US$14. 8 billion by the year 2027 trailing a CAGR of 4.1%. Market for military EO systems which is dependent on the acquisition of defense platforms will hurt from the expected cuts in defense budgets as pandemic scarred governments seek to reduce their fiscal deficits in the coming years.

In the midst of the short-term and medium term challenges, innovation is nevertheless running high. As desperation rises in parallel to the escalating pandemic and testing needs, the science of physics, photonics and electrical engineering is being put to the test. A cut above biochemical tests, new electro-optical based COVID-19 testing brings the promise of reducing cost per test and result turnaround time to just 15 minutes. An Israeli researcher at the Ben-Gurion University of the Negev (BGU) announced development of a test, which is capable of identifying people with COVID-19 virus in less than a minute. The affordable system comes with claims of over 90% accuracy. Generally PCR test kits require hours and days for providing results of COVID-19 patients, and entail biological samples to be shipped raising the risk of infection. The BGU device is a point of care device that can reduce time and also address logistical issues. BGU`s test is based on an electro optical, which is capable of detecting and identifying biological samples. The method takes into account changes in THz spectral range resonance that is imposed by the corona virus through THz spectroscopy carried on an electronic chip. The test can be performed in non-lab environments. Israeli military radar systems are being adapted to enable remote monitoring of COVID-19 patient`s vital signs. Elbit Systems and Elta developed two systems that were successfully tested. The system comprises radar and electro optical sensors that enable vital signs to be measured and displayed on the monitor for doctors, thus eliminating the need for medical staff to come into direct contact with patients and risk infection from spreading. The systems are being tested for their accessibility and reliability, which will ensure their use in medical centers.

In the post COVID-period, EO technologies will take a quantum leap as focus returns to the development of powerful, lightweight and cost-effective electronics and electrical systems. Growing commercial value of lasers and laser-related equipment will expand application possibilities for EO systems. This expanding use of unmanned systems in the coming years also bodes well for growth. EO systems are incorporated into UAVs to provide a wide range of capabilities including range finding, target acquisition, imaging and surveillance. The growing adoption of small UAVs due to their strategic advantages will prompt technology vendors to offer compact electro optical and infrared systems. Integrated into small UAVs, these systems are capable of efficiently dissipating the heat without affecting UAV performance. In addition, the introduction of cost-efficient cooling technologies is expected to provide new opportunities to suppliers of cooled thermal imaging cameras. The trend will drive adoption of electro optical and infrared systems in the defense industry as sensors integrated into thermal imaging cameras can improve surveillance and target detection capabilities of UAVs.

BAE Systems PLC; Collins Aerospace; Elbit Systems Ltd.; FLIR Systems, Inc.; General Dynamics Mission Systems, Inc.; Instro Precision Limited; Israel Aerospace Industries; L3Harris Technologies, Inc.; Leonardo DRS; Lockheed Martin Corporation; Rheinmetall AG; Saab AB; Safran S.A.; Textron Systems; Thales Group
» Platform (Airborne, Ground, Naval) » System (Imaging, Non-Imaging) » Application (Military, Commercial)
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

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05
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
EXHIBIT: Worsening COVID-19 and Economic Scenario Dampens Outlook for Electro Optical (EO) Systems, But Provides a Burning Platform for Innovation: Confirmed COVID-19 Cases Per Million in June Vs GDP Per Capita Vs GDP Growth for 2020
Electro Optical Systems Market: Prospects and Outlook
Military Applications Boost Growth in Electro-Optical System Market
North America Leads Global EO Systems Market
Competition
Key Brands in Electro Optical Industry
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Military Electro Optical and Infrared Systems Market: Evolving Defense Needs Support Growth
Advancements in Defense Electronics and Miniaturization of Military Electronics Support Market Growth
Growing Use of Sensor-Based Systems in Military Applications Augurs Well for the Market
With Defense Budgets Coming Under Intense Pressure, EO Systems Market Witnesses Challenging Times
EXHIBIT: Defense Spending Trends Set Demand Dynamics for EO Systems: Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2018
EXHIBIT: Leading Countries Ranked by Defense Budgets in US$ Billion for 2019
Improving Target Identification, Threat Assessment and Monitoring: Essential Capabilities of EO Systems
Growing Emphasis on Border Security Drives Demand for EO Systems
EXHIBIT: Continued Threat of Terrorism Drives the Focus on Surveillance as Counterterrorism Response: Global Number of Fatalities (in 000) Due to Terrorist Attacks: 2010-2018
Thermal Cameras: An Important System for Securing Borders
Market Primed to Benefit from the Rising Adoption of High Capability UAVs
EXHIBIT: Increasing Use of Drones in the Battlefield Pushes Up Demand for EO/IR Systems: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
With Unmanned Aircrafts Posing Threat of Terrorism and Smuggling, EO/IR-based Counter-Drone Systems Grow in Prominence
Application of EO/IR in Homeland Security and Search and Rescue Missions: Opportunities for Growth
Technological Advances to Bolster Market Growth
A Glance at Select Innovations in Electro Optical Systems
New and Advanced EO Materials
Ultra-rapid EO Modulator for Converting THz Signals into Optical Signals
US Companies Offer Support to US Air Force for EO/RF-Related Technology Development
EO System-Based Coast Guard Technology for Turkey
4. GLOBAL MARKET PERSPECTIVE
Electro Optical Systems Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
Electro Optical Systems Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
Electro Optical Systems Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
Airborne (Platform) World Market by Region/Country in US$ Million: 2020 to 2027
Airborne (Platform) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
Airborne (Platform) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
Ground (Platform) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
Ground (Platform) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
Ground (Platform) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
Naval (Platform) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
Naval (Platform) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
Naval (Platform) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
Imaging (System) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
Imaging (System) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
Imaging (System) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
Non-Imaging (System) World Market by Region/Country in US$ Million: 2020 to 2027
Non-Imaging (System) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
Non-Imaging (System) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
Military (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
Military (Application) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019
Military (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
Commercial (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
Commercial (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
Commercial (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Improved EO Systems for the US Defense Industry
Electro Optical Systems Market in US$ Million in the United States by Platform: 2020-2027
United States Electro Optical Systems Market Retrospective Analysis in US$ Million by Platform: 2012-2019
United States Electro Optical Systems Market Share Breakdown by Platform: 2012 VS 2020 VS 2027
United States Electro Optical Systems Market Estimates and Projections in US$ Million by System: 2020 to 2027
Electro Optical Systems Market in the United States by System: A Historic Review in US$ Million for 2012-2019
United States Electro Optical Systems Market Share Breakdown by System: 2012 VS 2020 VS 2027
United States Electro Optical Systems Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
Electro Optical Systems Historic Demand Patterns in the United States by Application in US$ Million for 2012-2019
Electro Optical Systems Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027
CANADA
Electro Optical Systems Market Analysis in Canada in US$ Million by Platform: 2020-2027
Electro Optical Systems Market in Canada: Historic Review in US$ Million by Platform for the Period 2012-2019
Canadian Electro Optical Systems Market Share Breakdown by Platform: 2012 VS 2020 VS 2027
Canadian Electro Optical Systems Market Estimates and Forecasts in US$ Million by System: 2020 to 2027
Canadian Electro Optical Systems Historic Market Review by System in US$ Million: 2012-2019
Electro Optical Systems Market in Canada: Percentage Share Breakdown of Sales by System for 2012, 2020, and 2027
Canadian Electro Optical Systems Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
Electro Optical Systems Market in Canada: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
Canadian Electro Optical Systems Market Share Analysis by Application: 2012 VS 2020 VS 2027
JAPAN
Japanese Medium & Long-Term Outlook for Electro Optical Systems Market in US$ Million by Platform: 2020-2027
Electro Optical Systems Market in Japan in US$ Million by Platform: 2012-2019
Japanese Electro Optical Systems Market Percentage Share Distribution by Platform: 2012 VS 2020 VS 2027
Japanese Market for Electro Optical Systems: Annual Sales Estimates and Projections in US$ Million by System for the Period 2020-2027
Electro Optical Systems Market in Japan: Historic Sales Analysis in US$ Million by System for the Period 2012-2019
Japanese Electro Optical Systems Market Share Analysis by System: 2012 VS 2020 VS 2027
Japanese Demand Estimates and Forecasts for Electro Optical Systems in US$ Million by Application: 2020 to 2027
Japanese Electro Optical Systems Market in US$ Million by Application: 2012-2019
Electro Optical Systems Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027
CHINA
Electro Optical Systems Market Estimates and Forecasts in China in US$ Million by Platform: 2020-2027
Chinese Electro Optical Systems Retrospective Market Scenario in US$ Million by Platform: 2012-2019
Electro Optical Systems Market in China: Percentage Share Analysis by Platform for 2012, 2020, and 2027
Chinese Electro Optical Systems Market Growth Prospects in US$ Million by System for the Period 2020-2027
Electro Optical Systems Historic Market Analysis in China in US$ Million by System: 2012-2019
Chinese Electro Optical Systems Market by System: Percentage Breakdown of Sales for 2012, 2020, and 2027
Chinese Demand for Electro Optical Systems in US$ Million by Application: 2020 to 2027
Electro Optical Systems Market Review in China in US$ Million by Application: 2012-2019
Chinese Electro Optical Systems Market Share Breakdown by Application: 2012 VS 2020 VS 2027
EUROPE
European Electro Optical Systems Market Demand Scenario in US$ Million by Region/Country: 2020-2027
Electro Optical Systems Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
European Electro Optical Systems Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
European Electro Optical Systems Market Assessment in US$ Million by Platform: 2020-2027
European Electro Optical Systems Historic Market Review in US$ Million by Platform: 2012-2019
Electro Optical Systems Market in Europe: Percentage Breakdown of Sales by Platform for 2012, 2020, and 2027
European Electro Optical Systems Market Estimates and Forecasts in US$ Million by System: 2020-2027
Electro Optical Systems Market in Europe in US$ Million by System: A Historic Review for the Period 2012-2019
European Electro Optical Systems Market Share Breakdown by System: 2012 VS 2020 VS 2027
European Electro Optical Systems Addressable Market Opportunity in US$ Million by Application: 2020-2027
Electro Optical Systems Market in Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
European Electro Optical Systems Market Share Analysis by Application: 2012 VS 2020 VS 2027
FRANCE
French Electro Optical Systems Market Estimates and Projections in US$ Million by Platform: 2020-2027
French Electro Optical Systems Historic Market Analysis in US$ Million by Platform: 2012-2019
French Electro Optical Systems Market Share Breakdown by Platform: 2012 VS 2020 VS 2027
Electro Optical Systems Market in France by System: Estimates and Projections in US$ Million for the Period 2020-2027
French Electro Optical Systems Historic Market Scenario in US$ Million by System: 2012-2019
French Electro Optical Systems Market Share Analysis by System: 2012 VS 2020 VS 2027
Electro Optical Systems Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
French Electro Optical Systems Historic Market Review in US$ Million by Application: 2012-2019
French Electro Optical Systems Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
GERMANY
German Electro Optical Systems Latent Demand Forecasts in US$ Million by Platform: 2020-2027
Electro Optical Systems Market in Germany: A Historic Perspective by Platform in US$ Million for the Period 2012-2019
German Electro Optical Systems Market Share Breakdown by Platform: 2012 VS 2020 VS 2027
Electro Optical Systems Market in Germany: Recent Past, Current and Future Analysis in US$ Million by System for the Period 2020-2027
German Electro Optical Systems Historic Market Analysis in US$ Million by System: 2012-2019
German Electro Optical Systems Market Share Breakdown by System: 2012 VS 2020 VS 2027
Electro Optical Systems Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
German Electro Optical Systems Market in Retrospect in US$ Million by Application: 2012-2019
Electro Optical Systems Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027
ITALY
Electro Optical Systems Market Estimates and Forecasts in Italy in US$ Million by Platform: 2020-2027
Italian Electro Optical Systems Retrospective Market Scenario in US$ Million by Platform: 2012-2019
Electro Optical Systems Market in Italy: Percentage Share Analysis by Platform for 2012, 2020, and 2027
Italian Electro Optical Systems Market Growth Prospects in US$ Million by System for the Period 2020-2027
Electro Optical Systems Historic Market Analysis in Italy in US$ Million by System: 2012-2019
Italian Electro Optical Systems Market by System: Percentage Breakdown of Sales for 2012, 2020, and 2027
Italian Demand for Electro Optical Systems in US$ Million by Application: 2020 to 2027
Electro Optical Systems Market Review in Italy in US$ Million by Application: 2012-2019
Italian Electro Optical Systems Market Share Breakdown by Application: 2012 VS 2020 VS 2027
UNITED KINGDOM
United Kingdom Medium & Long-Term Outlook for Electro Optical Systems Market in US$ Million by Platform: 2020-2027
Electro Optical Systems Market in the United Kingdom in US$ Million by Platform: 2012-2019
United Kingdom Electro Optical Systems Market Percentage Share Distribution by Platform: 2012 VS 2020 VS 2027
United Kingdom Market for Electro Optical Systems: Annual Sales Estimates and Projections in US$ Million by System for the Period 2020-2027
Electro Optical Systems Market in the United Kingdom: Historic Sales Analysis in US$ Million by System for the Period 2012-2019
United Kingdom Electro Optical Systems Market Share Analysis by System: 2012 VS 2020 VS 2027
United Kingdom Demand Estimates and Forecasts for Electro Optical Systems in US$ Million by Application: 2020 to 2027
United Kingdom Electro Optical Systems Market in US$ Million by Application: 2012-2019
Electro Optical Systems Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027
REST OF EUROPE
Rest of Europe Electro Optical Systems Market Assessment in US$ Million by Platform: 2020-2027
Rest of Europe Electro Optical Systems Historic Market Review in US$ Million by Platform: 2012-2019
Electro Optical Systems Market in Rest of Europe: Percentage Breakdown of Sales by Platform for 2012, 2020, and 2027
Rest of Europe Electro Optical Systems Market Estimates and Forecasts in US$ Million by System: 2020-2027
Electro Optical Systems Market in Rest of Europe in US$ Million by System: A Historic Review for the Period 2012-2019
Rest of Europe Electro Optical Systems Market Share Breakdown by System: 2012 VS 2020 VS 2027
Rest of Europe Electro Optical Systems Addressable Market Opportunity in US$ Million by Application: 2020-2027
Electro Optical Systems Market in Rest of Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
Rest of Europe Electro Optical Systems Market Share Analysis by Application: 2012 VS 2020 VS 2027
ASIA-PACIFIC
India: Electro Optical Systems Market Presents Lucrative Opportunities for Vendors
Asia-Pacific Electro Optical Systems Market Estimates and Projections in US$ Million by Platform: 2020-2027
Asia-Pacific Electro Optical Systems Historic Market Analysis in US$ Million by Platform: 2012-2019
Asia-Pacific Electro Optical Systems Historic Market Analysis in US$ Million by Platform: 2012 VS 2020 VS 2027
Electro Optical Systems Market in Asia-Pacific by System: Estimates and Projections in US$ Million for the Period 2020-2027
Asia-Pacific Electro Optical Systems Historic Market Scenario in US$ Million by System: 2012-2019
Asia-Pacific Electro Optical Systems Market Share Analysis by System: 2012 VS 2020 VS 2027
Electro Optical Systems Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
Asia-Pacific Electro Optical Systems Historic Market Review in US$ Million by Application: 2012-2019
Asia-Pacific Electro Optical Systems Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
REST OF WORLD
Electro Optical Systems Market Analysis in Rest of World in US$ Million by Platform: 2020-2027
Electro Optical Systems Market in Rest of World: Historic Review in US$ Million by Platform for the Period 2012-2019
Rest of World Electro Optical Systems Market Share Breakdown by Platform: 2012 VS 2020 VS 2027
Rest of World Electro Optical Systems Market Estimates and Forecasts in US$ Million by System: 2020 to 2027
Rest of World Electro Optical Systems Historic Market Review by System in US$ Million: 2012-2019
Electro Optical Systems Market in Rest of World: Percentage Share Breakdown of Sales by System for 2012, 2020, and 2027
Rest of World Electro Optical Systems Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
Electro Optical Systems Market in Rest of World: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
Rest of World Electro Optical Systems Market Share Analysis by Application: 2012 VS 2020 VS 2027
Total Companies Profiled : 62

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