Asia Pacific Electro-Optics in Naval Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Technology (Camera, Sensor and Laser Range Finder), Application (Target Detection, Identification, and Tracking; Surveillance; Fire Control; and Others), End Use (Defense and Commercial)

BMIRE00028434 | Pages: 170 | Aerospace and Defense | May 2023 | Type: Regional | Status: Published

The Asia Pacific electro-optics in naval market is expected to grow from US$ 1,978.94 million in 2022 to US$ 2,759.51 million by 2028. It is estimated to grow at a CAGR of 5.7% from 2022 to 2028.

Increasing Number of Disputes and Threats to Naval Vessels  Fuels Asia Pacific Electro-Optics in Naval Market

Due to the growth in maritime disputes and threats to naval vessel forces, countries are investing in advanced electro-optical systems for maritime applications such as threat detection, surveillance, and target identification. In addition, the growing number of territorial conflicts and border issues increases the risk for maritime assets, leading to an increasing emphasis on surveillance, threat detection, and target identification at sea. Moreover, navy forces are increasingly focusing on incorporating and integrating sophisticated and advanced sensor systems into their naval vessels. Additionally, it has become important for navy vessels to obtain motion imagery from electro-optic sensors that provide day-night and long-range eyes on the target. Also, it improves vessel’s ability to identify targets, supports weapon engagement through automatic tracking and fire control solutions through line-of-sight, and performs threat assessment. Moreover, the constant tensions among the countries such as China-India, India-Pakistan, China-Taiwan, Russia-China, the ongoing conflicts among the countries such as India-China, and China-Taiwan are some of the major factors generating the demand for electro-optic systems across the defense forces of these countries. Such tension among the countries have been pushing the requirement of naval vessel operations which is in turn driving the demand for electro-optic cameras, sensors, and laser range finders across different regions.

In addition, due to such conflicts and tensions, majority of the countries have increased their investments for the procurement of defense technologies including electro-optic systems for strengthening their respective armed forces and providing them with stronger and reliable operational solutions. Furthermore, there are also different types of already commissioned naval vessel projects across different countries which will be delivered to the respective countries during the forecast period and is likely to generate new opportunities for market vendors during the forecast period.

Asia Pacific Electro-Optics in Naval Market Overview

Based on country, the Asia Pacific (Asia Pacific) electro-optics in naval market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Over the years, countries in Asia Pacific have experienced a rise in their military expenditure owing to an increase in political and border disputes across countries such as China, India, and Pakistan.

The rise in military expenditure of these above-mentioned countries is influencing the increase in demand for naval vessels and other advanced technologies such as cameras and sensors. The rise in procurement of naval vessels by naval forces in the region will also impact the increase in demand for electro-optics solutions, thereby contributing to the Asia Pacific electro-optics in naval market growth. Some of the major procurements of electro-optic solutions across the region are mentioned below: In May 2022, the Philippine Navy awarded a contract to Israel Aerospace Industries (IAI) to supply electro-optics solutions for their patrol vessels.

Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

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Asia Pacific Electro-Optics in Naval Market Segmentation

The Asia Pacific electro-optics in naval market is segmented into technology, application, end use, and country.

Based on technology, the Asia Pacific electro-optics in naval market is segmented into camera, sensor and laser range finder. The camera segment held the largest share of the Asia Pacific electro-optics in naval market in 2022.

Based on application, the Asia Pacific electro-optics in naval market is segmented into target detection, identification, and tracking; surveillance; fire control; and others. The surveillance segment held the largest share of the Asia Pacific electro-optics in naval market in 2022.

Based on end use, the Asia Pacific electro-optics in naval market is segmented into defense and commercial. The defense segment held a larger share of the Asia Pacific electro-optics in naval market in 2022.

Based on country, the Asia Pacific electro-optics in naval market is segmented into Australia , China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific electro-optics in naval market in 2022.   

ASELSAN AS; Elbit Systems Ltd; Israel Aerospace Industries Ltd; L3Harris Technologies Inc; Naval Group SA; Saab AB; Safran SA; Tonbo Imaging India Pvt Ltd; and Ultra Electronics Holdings Ltd are the leading companies operating in the Asia Pacific electro-optics in naval market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Asia Pacific Electro-Optics in Naval Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           Asia Pacific Electro-Optics in Naval Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Continuous Growth of Defense Sector

5.1.2        Rising Focus of Vendors on Developing Innovative Products

5.2         Market Restraints

5.2.1        Stagnant Lifecycle of Naval Electro-Optic Systems

5.3         MARKET OPPORTUNITIES

5.3.1        Increasing Number of Disputes and Threats to Naval Vessels

5.4         Future Trends

5.4.1        Rapid Developments in Electro-Optics Technology

5.5         Impact Analysis of Drivers and Restraints

6.           Electro-Optics in Naval Market – Asia Pacific Market Analysis

6.1         Asia Pacific Electro-Optics in Naval Market Overview

6.2         Asia Pacific Electro-Optics in Naval Market Revenue Forecast and Analysis

7.           Asia Pacific Electro-Optics in Naval Market– Technology

7.1         Overview

7.2         Asia Pacific Electro-Optics in Naval Market, By Technology (2021 & 2028)

7.3         Camera

7.3.1        Overview

7.3.2        Camera: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

7.4         Sensor

7.4.1        Overview

7.4.2        Sensor: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

7.5         Laser Range Finders

7.5.1        Overview

7.5.2        Laser Range Finders: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

8.           Asia Pacific Electro-Optics in Naval Market– Application

8.1         Overview

8.2         Asia Pacific Electro-Optics in Naval Market, By Application (2021 & 2028)

8.3         Target Detection, Identification, and Tracking

8.3.1        Overview

8.3.2        Target Detection, Identification, and Tracking: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

8.4         Surveillance

8.4.1        Overview

8.4.2        Surveillance: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

8.5         Fire Control

8.5.1        Overview

8.5.2        Fire Control: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

8.6         Others

8.6.1        Overview

8.6.2        Others: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.           Asia Pacific Electro-Optics in Naval Market– End Use

9.1         Overview

9.2         Asia Pacific Electro-Optics in Naval Market, By End Use (2021 & 2028)

9.3         Defense

9.3.1        Overview

9.3.2        Defense: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.3.3        Frigates

9.3.3.1          Overview

9.3.3.2          Frigates: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.3.4        Corvettes

9.3.4.1          Overview

9.3.4.2          Corvettes: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.3.5        Destroyers

9.3.5.1          Overview

9.3.5.2          Destroyers: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.3.6        Aircraft Carrier

9.3.6.1          Overview

9.3.6.2          Aircraft Carrier: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.3.7        Submarines

9.3.7.1          Overview

9.3.7.2          Submarines: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.3.8        Others

9.3.8.1          Overview

9.3.8.2          Others: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.4         Commercial

9.4.1        Overview

9.4.2        Commercial: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.4.3        Cruise Ships

9.4.3.1          Overview

9.4.3.2          Cruise Ships: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.4.4        Merchant Ships

9.4.4.1          Overview

9.4.4.2          Merchant Ships: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

9.4.5        Cargo Ships

9.4.5.1          Overview

9.4.5.2          Cargo Ships: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

10.        Asia Pacific Electro-Optic in Naval Market – Country Analysis

10.1      Overview

10.1.1     Asia Pacific Electro-Optic in Naval Market, by Key Country

10.1.2     Australia: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.1       Australia: Asia Pacific Electro-Optics in Naval Market, By Technology

10.1.2.2       Australia: Asia Pacific Electro-Optics in Naval Market, by Application

10.1.2.3       Australia: Asia Pacific Electro-Optics in Naval Market, by End Use

10.1.2.3.1       Australia: Asia Pacific Electro-Optics in Naval Market, by Defense

10.1.2.3.2       Australia: Asia Pacific Electro-Optics in Naval Market, by Commercial

10.1.3     China: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

10.1.3.1       China: Asia Pacific Electro-Optics in Naval Market, By Technology

10.1.3.2       China: Asia Pacific Electro-Optics in Naval Market, by Application

10.1.3.3       China: Asia Pacific Electro-Optics in Naval Market, by End Use

10.1.3.3.1       China: Asia Pacific Electro-Optics in Naval Market, by Defense

10.1.3.3.2       China: Asia Pacific Electro-Optics in Naval Market, by Commercial

10.1.4     India: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

10.1.4.1       India: Asia Pacific Electro-Optics in Naval Market, By Technology

10.1.4.2       India: Asia Pacific Electro-Optics in Naval Market, by Application

10.1.4.3       India: Asia Pacific Electro-Optics in Naval Market, by End Use

10.1.4.3.1       India: Asia Pacific Electro-Optics in Naval Market, by Defense

10.1.4.3.2       India: Asia Pacific Electro-Optics in Naval Market, by Commercial

10.1.5     Japan: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

10.1.5.1       Japan: Asia Pacific Electro-Optics in Naval Market, By Technology

10.1.5.2       Japan: Asia Pacific Electro-Optics in Naval Market, by Application

10.1.5.3       Japan: Asia Pacific Electro-Optics in Naval Market, by End Use

10.1.5.3.1       Japan: Asia Pacific Electro-Optics in Naval Market, by Defense

10.1.5.3.2       Japan: Asia Pacific Electro-Optics in Naval Market, by Commercial

10.1.6     South Korea: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

10.1.6.1       South Korea: Asia Pacific Electro-Optics in Naval Market, By Technology

10.1.6.2       South Korea: Asia Pacific Electro-Optics in Naval Market, by Application

10.1.6.3       South Korea: Asia Pacific Electro-Optics in Naval Market, by End Use

10.1.6.3.1       South Korea: Asia Pacific Electro-Optics in Naval Market, by Defense

10.1.6.3.2       South Korea: Asia Pacific Electro-Optics in Naval Market, by Commercial

10.1.7     Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

10.1.7.1       Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, By Technology

10.1.7.2       Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, by Application

10.1.7.3       Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, by End Use

10.1.7.3.1       Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, by Defense

10.1.7.3.2       Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, by Commercial

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      Product Development

11.4      Mergers & Acquisitions

12.        Company Profiles

12.1      ASELSAN AS

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Tonbo Imaging India Pvt Ltd

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Elbit Systems Ltd

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Saab AB

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Safran SA

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      L3Harris Technologies Inc

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Ultra Electronics Holdings Ltd

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Israel Aerospace Industries Ltd

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Naval Group SA

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

 

 

LIST OF TABLES

Table 1.             Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             Australia: Asia Pacific Electro-Optics in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: Asia Pacific Electro-Optics in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia: Asia Pacific Electro-Optics in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Australia: Asia Pacific Electro-Optics in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Australia: Asia Pacific Electro-Optics in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)

Table 7.             China: Asia Pacific Electro-Optics in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)

Table 8.             China: Asia Pacific Electro-Optics in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 9.             China: Asia Pacific Electro-Optics in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 10.          China: Asia Pacific Electro-Optics in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)

Table 11.          China: Asia Pacific Electro-Optics in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)

Table 12.          India: Asia Pacific Electro-Optics in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)

Table 13.          India: Asia Pacific Electro-Optics in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          India: Asia Pacific Electro-Optics in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 15.          India: Asia Pacific Electro-Optics in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)

Table 16.          India: Asia Pacific Electro-Optics in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Japan: Asia Pacific Electro-Optics in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)

Table 18.          Japan: Asia Pacific Electro-Optics in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Japan: Asia Pacific Electro-Optics in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Japan: Asia Pacific Electro-Optics in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)

Table 21.          Japan: Asia Pacific Electro-Optics in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)

Table 22.          South Korea: Asia Pacific Electro-Optics in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)

Table 23.          South Korea: Asia Pacific Electro-Optics in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 24.          South Korea: Asia Pacific Electro-Optics in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 25.          South Korea: Asia Pacific Electro-Optics in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)

Table 26.          South Korea: Asia Pacific Electro-Optics in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)

Table 27.          Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)

Table 28.          Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 29.          Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 30.          Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)

Table 31.          Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)

Table 32.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Asia Pacific Electro-Optics in Naval Market Segmentation

Figure 2.           Asia Pacific Electro-Optics in Naval Market Segmentation – By Country

Figure 3.           Asia Pacific Electro-Optics in Naval Market Overview

Figure 4.           Asia Pacific Electro-Optics in Naval Market, by Technology

Figure 5.           Asia Pacific Electro-Optics in Naval Market, by Country

Figure 6.           Porter’s Five Forces Analysis

Figure 7.           Asia Pacific Electro-Optics in Naval Market – Ecosystem Analysis

Figure 8.           Asia Pacific Electro-Optics in Naval Market: Impact Analysis of Drivers and Restraints

Figure 9.           Asia Pacific Electro-Optics in Naval Market Revenue Forecast and Analysis (US$ Million)

Figure 10.        Asia Pacific Electro-Optic in Naval Market Revenue Share, By Technology (2021 & 2028)

Figure 11.        Camera: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Sensor: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Laser Range Finders: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Asia Pacific Electro-Optic in Naval Market Revenue Share, by Application (2021 & 2028)

Figure 15.        Target Detection, Identification, and Tracking: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Surveillance: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Fire Control: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Others: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Asia Pacific Electro-Optic in Naval Market Revenue Share, by End Use (2021 & 2028)

Figure 20.        Defense: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Frigates: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Corvettes: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Destroyers: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Aircraft Carrier: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Submarines: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Others: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Commercial: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Cruise Ships: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Merchant Ships: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Cargo Ships: Asia Pacific Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Asia Pacific Electro-Optic in Naval Market, by Key Country – Revenue (2021) (US$ Million)

Figure 32.        Asia Pacific Electro-Optic in Naval Market Revenue Share, by Key Country (2021 & 2028)

Figure 33.        Australia: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        China: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.        India: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36.        Japan: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        South Korea: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38.        Rest of Asia Pacific: Asia Pacific Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)

 

  1. ASELSAN AS
  2. Elbit Systems Ltd
  3. Israel Aerospace Industries Ltd
  4. L3Harris Technologies Inc
  5. Naval Group SA
  6. Saab AB
  7. Safran SA
  8. Tonbo Imaging India Pvt Ltd
  9. Ultra Electronics Holdings Ltd
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