(PRWEB) August 25, 2014
The Latin American electro-optic systems market is estimated to grow from $1765 million in 2014 to $2170 million in 2020, at a CAGR of 3.35% from 2014 to 2020. It will be driven by defense and homeland security.
Browse through the TOC of the Latin American electro-optic systems market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Latin American electro-optic systems market, and is supported by various tables and figures.
Evolution of technology is aiding development of highly capable electro-optic systems that can be deployed in a variety of applications. The advancement in the field of imaging sensors has enabled electro-optic systems to have increased range for both surveillance and detection of targets.
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Airborne electro-optic systems are estimated to rise in the defense segment as Unmanned Aerial Vehicles are increasingly being deployed in air forces around the world. Electro-optic systems will be the core of UAVs’ reconnaissance and surveillance capability.
Brazil is still facing domestic drug related problems; the Brazilian military are constantly deployed for narcotic fights in the outskirts of major cities. The laser based devices segment in this region is estimated to grow a CAGR of 4.10% in the forecasted period.
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Ground based electro-optic systems are also finding increasing deployment, and they act as standalone and as a complementary system for ground-based radar to search and track stealth aircraft that are increasingly becoming hard to track by traditional radars. Thermal imaging is another market that is projected to grow in the near future. It majorly uses infrared electro-optic systems for automation control and manufacturing sectors.
This report includes the market share, value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
Europe Electro-Optical Market
Electro-optical systems are gradually becoming more attractive for transmitting electrical signals. Electro-optical is used in the military sector for airborne systems, ground-based deep space surveillance equipment, night vision devices, and a host of other optical tools. In the Homeland Security sector, they can be used in weapon sights, thermal imaging, target acquisition, imaging and surveillance, and other applications.
The Europe Electro-optical systems market is estimated to grow from $2.94 billion in 2014 to $3.08 billion in 2020, registering a CAGR of 0.8%. The main market players in this sector are identified for competitive analysis. Evolution of technology and increasing deployment for surveillance equipment are the primary drivers for the market. The Homeland Security segment will also see a growth due to the deployment of Electro-optical for search and rescue activities of coast guard and law enforcement agencies.
Asia-Pacific Electro-Optical Market
The Asia-Pacific Electro-optical systems market is estimated to grow from $1,564.08 million in 2014 to $2,039.27 million in 2020, registering a CAGR of 4.52%. Airborne Electro-optical systems are expected to register a CAGR of 6.51% during the forecast period. The main market players in this sector are identified for competitive analysis. The defense segment will be driven by the upgrade and replacement of existing Electro-optical systems currently deployed among defense forces. Evolution of technology and increasing deployment for surveillance equipment are the primary drivers for the market.
The report on the Electro-optical systems market in Asia-Pacific provides a complete analysis of the Asia Pacific market and its share for the next five years. The market is segmented into defense, aerospace, and Homeland Security. The defense segment is further segmented into airborne, naval, and land-based systems. The report also covers the applications of Electro-optical systems across all segments, along with geographic trends.
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