The military electro optical infrared (EO/IR) systems market will reach a value of $7.47bn in 2011

Monday 7 November 2011, Amsterdam

New analysis indicates that the military electro optical infrared (EO/IR) systems market will reach a value of $7.47bn in 2011, as militaries continue to seek battlefield and operational advantage for their troops through the use of night vision, rangefinders, infrared targeting, and other EO/IR solutions.

The author of the new "The Military Electro Optical Infrared (EO/IR) Systems Market 2011-2021" report commented that 'The value of EO/IR systems to modern militaries is only going to increase, as intelligence, surveillance and reconnaissance (ISR) becomes increasingly salient in the conduction of modern warfare and security. Budgetary fears for many Western nations continue to dampen the market to some extent, yet this is a dynamic market which should continue to grow in the coming years'.

The report contains 170 charts and figures that analysis and forecast the developing trends within the military EO/IR systems market. The study provides forecasts for the period 2011-2021 in terms of value (US$) for the military EO/IR systems market as well as for 3 submarkets that together form the overall market figure. In addition, the report quantifies, analyses and forecasts 20 leading national military EO/IR systems markets from 2011-2021. The report provides profiles of 25 leading companies operating within the EO/IR systems market, and includes an interview with ITT Geospatial Systems, a leading company within the field of military EO/IR systems, providing expert insight alongside the analysis.

The Military Electro Optical Infrared (EO/IR) Systems Market 2011-2021 will be of value to current and future potential investors into the military EO/IR industry, as well as companies and research centres who wish to broaden their knowledge of the military EO/IR systems market