What Happened
Growing Demand for Advanced Surveillance and Reconnaissance Capabilities
The military electro-optical and infrared (EO/IR) systems market is forecasted to expand from $10.25 billion in 2026 to $15.85 billion by 2035, growing at a CAGR of 4.97%. The market is driven by rising demand for advanced surveillance, reconnaissance, target acquisition, and weapon guidance capabilities. Airborne platforms hold the largest share of the market, with surveillance and reconnaissance applications dominating the demand. According to Precedence Research, the market expansion is driven by increasing adoption across airborne, land-based, and naval platforms, as well as growing counter-UAS requirements.