Military Electro Optical Infrared Systems Market

As per Market Research Future Analysis, the Global Military Electro-Optical and Infrared (EOIR) Systems Market is projected to grow at a CAGR of 6% from 2023 to 2030, reaching USD 10.86 million by 2030. The market is driven by the increasing use of EOIR systems across airborne, land-based, and naval platforms for enhanced situational awareness in military operations. The COVID-19 pandemic temporarily disrupted the supply chain, but recovery strategies are being implemented by key players. The demand for advanced imaging systems is rising, particularly in defense sectors, as governments increase military expenditure. The market is segmented by type, sensor technology, and platform, with image intensification and airborne systems expected to dominate growth.

Key players include Airbus SAS, BAE Systems PLC, Leonardo SpA, Elbit Systems Ltd, Thales Group, Raytheon Company, Lockheed Martin Corporation, and Northrop Grumman Corporation.

• Q2 2024: Elbit Systems wins $150 million contract to supply electro-optical systems to European military Elbit Systems announced it secured a $150 million contract to deliver advanced electro-optical and infrared (EO/IR) systems for armored vehicles to a European defense customer, with deliveries scheduled over the next three years.
• Q2 2024: Lockheed Martin opens new EO/IR sensor manufacturing facility in Florida Lockheed Martin inaugurated a new manufacturing facility in Orlando, Florida, dedicated to the production of next-generation electro-optical and infrared sensors for military aircraft and ground vehicles.
• Q2 2024: Raytheon secures $118 million U.S. Army contract for next-gen infrared targeting systems Raytheon was awarded a $118 million contract by the U.S. Army to develop and deliver next-generation infrared targeting systems for armored combat vehicles, enhancing battlefield surveillance and targeting capabilities.
• Q3 2024: BAE Systems launches new HawkSight multi-spectral EO/IR system for military UAVs BAE Systems unveiled the HawkSight, a multi-spectral electro-optical/infrared system designed for integration on military unmanned aerial vehicles, offering improved target detection and tracking in contested environments.
• Q3 2024: Thales and Leonardo announce partnership to co-develop advanced EO/IR solutions for European defense Thales and Leonardo signed a strategic partnership agreement to jointly develop and market advanced electro-optical and infrared systems for European land and air defense platforms.
• Q3 2024: Northrop Grumman delivers first shipment of LITENING advanced targeting pods to U.S. Air Force Northrop Grumman announced the delivery of the first batch of LITENING advanced EO/IR targeting pods under a new U.S. Air Force contract, supporting precision strike and reconnaissance missions.
• Q4 2024: Rafael Advanced Defense Systems acquires Israeli EO/IR startup Visionix Rafael Advanced Defense Systems completed the acquisition of Visionix, an Israeli startup specializing in miniaturized electro-optical and infrared imaging technologies for military applications.
• Q4 2024: General Dynamics awarded $90 million U.S. Navy contract for submarine EO/IR periscope upgrades General Dynamics received a $90 million contract from the U.S. Navy to upgrade electro-optical and infrared periscope systems on Virginia-class submarines, enhancing underwater surveillance capabilities.
• Q1 2025: L3Harris Technologies wins $200 million contract for EO/IR systems for NATO surveillance aircraft L3Harris Technologies secured a $200 million contract to supply advanced EO/IR sensor suites for NATO's next-generation surveillance aircraft, supporting intelligence, surveillance, and reconnaissance missions.
• Q1 2025: Teledyne FLIR launches new Black Hornet 4 nano-drone with enhanced EO/IR payload Teledyne FLIR introduced the Black Hornet 4, a nano-drone equipped with an upgraded electro-optical and infrared payload, designed for covert reconnaissance and situational awareness in urban combat.
• Q2 2025: Saab signs $120 million contract to deliver EO/IR systems for Asian navy frigates Saab announced a $120 million contract to provide advanced EO/IR surveillance and targeting systems for a fleet of new frigates being built for an undisclosed Asian navy.
• Q2 2025: Leonardo opens new EO/IR R&D center in the UK to accelerate defense innovation Leonardo inaugurated a new research and development center in the United Kingdom focused on advancing electro-optical and infrared technologies for military and homeland security applications.