[ad_1]
The “Electro Optical Systems – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Electro Optical Systems estimated at US$11.3 Billion in the year 2020, is projected to reach a revised size of US$14.2 Billion by 2026, growing at a CAGR of 4.1% over the analysis period.
Airborne, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$9.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ground segment is readjusted to a revised 4.7% CAGR for the next 7-year period.
Airborne platforms are emerging as an important resource for defense forces to ensure an efficient and robust security & surveillance environment. The growth of airborne segment is likely to be supported by the increasing use of these systems in UAV applications including surveillance, mapping, search & rescue and reconnaissance that require cameras to capture data and transfer video information to ground control stations.
The US Market is Estimated at $4.2 Billion in 2021, While China is Forecast to Reach $1.8 Billion by 2026
The Electro Optical Systems market in the US is estimated at US$4.2 Billion in the year 2021. China, the …
Full story available on Benzinga.com
[ad_2]
Source link
