Bharatbook.com announces a new report on "Electro Optical Systems Market by Segment". Electro-Optic systems are increasingly being used by defense forces around the world. The versatility offered by electro optic systems is vital for defense, homeland security, and aerospace segments.
Navi Mumbai, Maharashtra, India., July 20, 2014 - (PressReleasePoint) -
Electro-Optic systems are increasingly being used by defense forces around the world. The versatility offered by electro optic systems is vital for defense, homeland security, and aerospace segments. The global Electro-Optics market is projected to be $11.76 billion in 2014 and is expected to register a CAGR of 2.98 % to reach $14.03 billion by 2020.
The growth will be driven by increasing usage of electro optic systems in surveillance operations. Border protection agencies are using electro optic equipment to monitor and prevent intrusion attempts. Electro optic infrared systems are being used as a complement for radar systems on land and ships. Electro optic systems acting as a complement for radar systems on land are effective in tracking stealth aircraft and low observable missiles. In naval platforms, electro optic systems are finding increasing use in next generation close in weapon system (CIWS). CIWS use electro optic systems as a complement for radars for target acquisition and engagement.
The report analyzes the defense, civilian, and homeland security application of electro optic systems. With respect to defense application, the sub segments considered are airborne, naval, and land based. Law and order deployment is considered for homeland security and civilian aircraft applications are considered under aerospace and homeland security application.
The analysis by geography includes application-level breakdown across geographic regions such as North America, the Middle East, Asia-Pacific (APAC), Europe, and the Rest of the World (RoW). The main market players in this sector are identified for competitive analysis. The breakdown by country includes their respective electro optic systems programs, the primary industry participants of the program, and the scope of the program. Country-wise analysis also includes application-level analysis of electro optic systems and the costs related to procurement and operation.
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