Europe 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)
The Europe electro-optics in naval market is expected to grow from US$ 2,230.67 million in 2022 to US$ 2,941.94 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.
Rising Focus of Vendors on Developing Innovative Products Fuels Europe Electro-Optics in Naval Market
Players operating in the electro-optic in naval market are focusing on developing innovative solutions to cater to the growing market demands and remain competitive in the market. Most companies are developing electro-optic systems for defense applications, one of the major applications of the electro-optic systems across the sighting systems technology sector. Moreover, the companies have been collaborating with different government and naval forces to understand their requirements and provide reliable solutions for their respective operations. A few major developments in the electro-optic in naval market are listed below: In October 2020, French shipbuilder KERSHIP awarded a contract to Chess Dynamics Ltd to supply electro-optical surveillance systems across 12 innovative Mine Counter Measures Vessels (MCMV), that are already being supplied to the Belgian and Royal Netherlands Navies.
Such developments and collaboration with different customers help the market vendors expand their respective customer base and market share in the Europe electro-optic in naval market, which fuels the market growth.
Europe Electro-Optics in Naval Market Overview
Based on country, the Europe electro-optics in naval market is sub segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Countries in Europe, such as France, Germany, Italy, the UK, Spain, and the Netherlands, are experiencing a rise in military expenditure year-on-year. The rise in military expenditure of countries in Europe is further catalysing the procurement of several advanced technologies to empower their land, marine, and air forces. Some of the few procurement contracts to be mentioned are: In October 2020, Chess Dynamics received a contract from Belgian and Royal Netherlands Navies to supply electro-optical surveillance systems for new mine countermeasures vessels (MCMV).
Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
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Europe Electro-Optics in Naval Market Segmentation
The Europe electro-optics in naval market is segmented into technology, application, end use, and country.
Based on technology, the Europe electro-optics in naval market is segmented into camera, sensor and laser range finder. The camera segment held the largest share of the Europe electro-optics in naval market in 2022.
Based on application, the Europe 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 Europe electro-optics in naval market in 2022.
Based on end use, the Europe electro-optics in naval market is segmented into defense and commercial. The defense segment held a larger share of the Europe electro-optics in naval market in 2022.
Based on country, the Europe electro-optics in naval market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Russia dominated the share of the Europe electro-optics in naval market in 2022.
ASELSAN AS; Chess Dynamics Ltd; 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 Europe 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. Europe 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. Europe 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 –Europe Market Analysis
6.1 Europe Electro-Optics in Naval Market to 2028 -Overview
6.2 Europe Electro-Optics in Naval Market to 2028- Revenue Forecast and Analysis
7. Europe Electro-Optics in Naval Market– Technology
7.1 Overview
7.2 Europe Electro-Optics in Naval Market, By Technology (2021 & 2028)
7.3 Camera
7.3.1 Overview
7.3.2 Camera: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
7.4 Sensor
7.4.1 Overview
7.4.2 Sensor: Europe 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: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Electro-Optics in Naval Market– Application
8.1 Overview
8.2 Europe 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: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8.4 Surveillance
8.4.1 Overview
8.4.2 Surveillance: Europe 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: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Electro-Optics in Naval Market– End Use
9.1 Overview
9.2 Europe Electro-Optics in Naval Market, By End Use (2021 & 2028)
9.3 Defense
9.3.1 Overview
9.3.2 Defense: Europe 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: Europe 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: Europe 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: Europe 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: Europe 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: Europe 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: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: Europe 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: Europe 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: Europe 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: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
10. Electro-Optic in Naval Market – Country Analysis
10.1 Overview
10.1.1 Europe Electro-Optic in Naval Market , by Key Country
10.1.2 Germany: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.1 Germany: Europe Electro-Optic in Naval Market, By Technology
10.1.2.2 Germany: Europe Electro-Optic in Naval Market, by Application
10.1.2.3 Germany: Europe Electro-Optic in Naval Market, by End Use
10.1.2.3.1 Germany: Europe Electro-Optic in Naval Market, by Defense
10.1.2.3.2 Germany: Europe Electro-Optic in Naval Market, by Commercial
10.1.3 France: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
10.1.3.1 France: Europe Electro-Optic in Naval Market, By Technology
10.1.3.2 France: Europe Electro-Optic in Naval Market, by Application
10.1.3.3 France: Europe Electro-Optic in Naval Market, by End Use
10.1.3.3.1 France: Europe Electro-Optic in Naval Market, by Defense
10.1.3.3.2 France: Europe Electro-Optic in Naval Market, by Commercial
10.1.4 Italy: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
10.1.4.1 Italy: Europe Electro-Optic in Naval Market, By Technology
10.1.4.2 Italy: Europe Electro-Optic in Naval Market, by Application
10.1.4.3 Italy: Europe Electro-Optic in Naval Market, by End Use
10.1.4.3.1 Italy: Europe Electro-Optic in Naval Market, by Defense
10.1.4.3.2 Italy: Europe Electro-Optic in Naval Market, by Commercial
10.1.5 UK: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.1 UK: Europe Electro-Optic in Naval Market, By Technology
10.1.5.2 UK: Europe Electro-Optic in Naval Market, by Application
10.1.5.3 UK: Europe Electro-Optic in Naval Market, by End Use
10.1.5.3.1 UK: Europe Electro-Optic in Naval Market, by Defense
10.1.5.3.2 UK: Europe Electro-Optic in Naval Market, by Commercial
10.1.6 Russia: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.1 Russia: Europe Electro-Optic in Naval Market, By Technology
10.1.6.2 Russia: Europe Electro-Optic in Naval Market, by Application
10.1.6.3 Russia: Europe Electro-Optic in Naval Market, by End Use
10.1.6.3.1 Russia: Europe Electro-Optic in Naval Market, by Defense
10.1.6.3.2 Russia: Europe Electro-Optic in Naval Market, by Commercial
10.1.7 Rest of Europe: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
10.1.7.1 Rest of Europe: Europe Electro-Optic in Naval Market , By Technology
10.1.7.2 Rest of Europe: Europe Electro-Optic in Naval Market , by Application
10.1.7.3 Rest of Europe: Europe Electro-Optic in Naval Market , by End Use
10.1.7.3.1 Rest of Europe: Europe Electro-Optic in Naval Market , by Defense
10.1.7.3.2 Rest of Europe: Europe 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 Chess Dynamics 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 Elbit Systems Ltd
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 Saab AB
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 Safran SA
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 L3Harris Technologies Inc
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 Ultra Electronics Holdings 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 Israel Aerospace Industries Ltd
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
12.10 Naval Group SA
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Electro-Optics in Naval Market to 2028 Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Europe Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Europe Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Europe Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Europe Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Europe Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Europe Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Europe Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Europe Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. France: Europe Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 11. France: Europe Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Europe Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Europe Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy: Europe Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy: Europe Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Europe Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 17. UK: Europe Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Europe Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: Europe Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK: Europe Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK: Europe Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Europe Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: Europe Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 24. Russia: Europe Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 25. Russia: Europe Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 26. Russia: Europe Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Europe: Europe Electro-Optic in Naval Market , By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Europe: Europe Electro-Optic in Naval Market , by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of Europe: Europe Electro-Optic in Naval Market , by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of Europe: Europe Electro-Optic in Naval Market , by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of Europe: Europe Electro-Optic in Naval Market , by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 32. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Electro-Optics in Naval Market Segmentation
Figure 2. Europe Electro-Optics in Naval Market Segmentation – By Country
Figure 3. Europe Electro-Optics in Naval Market to 2028 Overview
Figure 4. Europe Electro-Optics in Naval Market, by Technology
Figure 5. Europe Electro-Optics in Naval Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Europe Electro-Optics in Naval Market – Ecosystem Analysis
Figure 8. Europe Electro-Optics in Naval Market to 2028: Impact Analysis of Drivers and Restraints
Figure 9. Europe Electro-Optics in Naval Market to 2028- Revenue Forecast and Analysis (US$ Million)
Figure 10. Europe Electro-Optic in Naval Market Revenue Share, By Technology (2021 & 2028)
Figure 11. Camera: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Sensor: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Laser Range Finders: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Electro-Optic in Naval Market Revenue Share, by Application (2021 & 2028)
Figure 15. Target Detection, Identification, and Tracking: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Surveillance: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Fire Control: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Electro-Optic in Naval Market Revenue Share, by End Use (2021 & 2028)
Figure 20. Defense: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Frigates: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Corvettes: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Destroyers: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Aircraft Carrier: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Submarines: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Commercial: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Cruise Ships: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Merchant Ships: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Cargo Ships: Europe Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe Electro-Optic in Naval Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe Electro-Optic in Naval Market Revenue Share, by Key Country (2021 & 2028)
Figure 33. Germany: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. France: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Italy: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. UK: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Russia: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Europe: Europe Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
- ASELSAN AS
- Chess Dynamics Ltd
- Elbit Systems Ltd
- Israel Aerospace Industries Ltd
- L3Harris Technologies Inc
- Naval Group SA
- Saab AB
- Safran SA
- Tonbo Imaging India Pvt Ltd
- Ultra Electronics Holdings Ltd
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