What Happened
Defense Modernization Drives Demand For Advanced Surveillance Technologies
The US Military Electro-Optical and Infrared (EO/IR) Systems Market is expected to reach $3.98 billion by 2035, driven by defense modernization efforts and the need for superior intelligence, surveillance, and reconnaissance technologies. The market was valued at $2.69 billion in 2025 and is growing at a CAGR of 4.01%. Companies like Lockheed Martin, Northrop Grumman, and Raytheon Technologies are supporting US EO/IR modernization with advanced sensing and processing capabilities. This growth was reported by SNS Insider.