South America 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), and End Use (Defense and Commercial)
The South America electro-optics in naval market is expected to grow from US$ 395.18 million in 2022 to US$ 459.50 million by 2028. It is estimated to grow at a CAGR of 2.5% from 2022 to 2028.
Continuous Growth of Regional Defense Sector Fuels South America Electro-Optics in Naval Market
The change in the modern warfare system has been urging governments across the region to allocate high funds toward respective military forces. The military budget allocation enables military forces to procure advanced technologies and equipment from domestic or international manufacturers. Solider and military vehicle modernization practices are also on the rise across numerous countries. To strengthen military forces with advanced technologies, armaments, artilleries, combat aircraft, naval vessels, and armored vehicles, defense forces across the region are investing substantial amounts in the aforementioned products. The continuous urge for new technologies for combat and noncombat operations by the defense forces is boosting defense spending across the region. Asymmetric warfare or modern battlefields demand an enormous amount of information regarding an enemy to carry out the operations successfully. To gather such information, defense forces in developed and developing nations are utilizing modern technologies. Moreover, the rising defense expenditure contributes to the growth of modernization programs of an older naval fleet of vessels across different military forces worldwide, which is fueling the electro-optics in naval market growth. The rising military expenditure is boosting the investments in technological developments of naval vessels across different naval forces. Moreover, the procurement of naval vessels continues to generate demand for electro-optic systems, thereby driving the South America electro-optic in naval market growth.
South America Electro-Optics in Naval Market Overview
The South America (SAM) electro-optics in naval market is categorized into Brazil, Argentina, and the Rest of SAM. Countries in SAM are emphasizing on modernizing their naval forces with the procurement of newer fleets or retrofitting the existing fleet with advanced technologies. They are spending notable amounts toward their defense forces, with Brazil leading the way, followed by Colombia and Chile The naval forces of each of the countries play a major role in securing their borders. The naval forces are procuring newer/advanced technologies to strengthen themselves. For instance, in 2021, the Brazilian navy ordered Safran to supply Paseo XLR (eXtra Long Range) optronic (electro-optical) sight for Tamandaré class frigates. Safran’s Paseo XLR (eXtra Long Range) optronic (electro-optical) sights will be mounted on four frigates, which are expected to be delivered by 2026.
South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
South America Electro-Optics in Naval Market Segmentation
The South America electro-optics in naval market is segmented into technology, application, end use, and country.
Based on technology, the South America electro-optics in naval market is segmented into camera, sensor and laser range finder. The camera segment held the largest share of the South America electro-optics in naval market in 2022.
Based on application, the South America 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 South America electro-optics in naval market in 2022.
Based on end use, the South America electro-optics in naval market is segmented into defense and commercial. The defense segment held a larger share of the South America electro-optics in naval market in 2022.
Based on country, the South America electro-optics in naval market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the share of the South America electro-optics in naval market in 2022.
Elbit Systems Ltd; Israel Aerospace Industries Ltd; L3Harris Technologies Inc; Naval Group SA; Saab AB; and Safran SA are the leading companies operating in the South America 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. South America 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. South America 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 – South America Market Analysis
6.1 South America Electro-Optics in Naval Market Overview
6.2 South America Electro-Optics in Naval Market Revenue Forecast and Analysis
7. South America Electro-Optics in Naval Market– Technology
7.1 Overview
7.2 South America Electro-Optics in Naval Market, By Technology (2021 & 2028)
7.3 Camera
7.3.1 Overview
7.3.2 Camera: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
7.4 Sensor
7.4.1 Overview
7.4.2 Sensor: South America 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: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8. South America Electro-Optics in Naval Market– Application
8.1 Overview
8.2 South America 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: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8.4 Surveillance
8.4.1 Overview
8.4.2 Surveillance: South America 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: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9. South America Electro-Optics in Naval Market– End Use
9.1 Overview
9.2 South America Electro-Optics in Naval Market, By End Use (2021 & 2028)
9.3 Defense
9.3.1 Overview
9.3.2 Defense: South America 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: South America 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: South America 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: South America 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: South America 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: South America 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: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: South America 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: South America 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: South America 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: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
10. South America Electro-Optic in Naval Market – Country Analysis
10.1 Overview
10.1.1 South America Electro-Optic in Naval Market, by Key Country
10.1.2 Brazil: South America Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
10.1.2.1 Brazil: South America Electro-Optic in Naval Market, By Technology
10.1.2.2 Brazil: South America Electro-Optic in Naval Market, by Application
10.1.2.3 Brazil: South America Electro-Optic in Naval Market, by End Use
10.1.2.3.1 Brazil: South America Electro-Optic in Naval Market, by Defense
10.1.2.3.2 Brazil: South America Electro-Optic in Naval Market, by Commercial
10.1.3 Argentina: South America Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
10.1.3.1 Argentina: South America Electro-Optic in Naval Market, By Technology
10.1.3.2 Argentina: South America Electro-Optic in Naval Market, by Application
10.1.3.3 Argentina: South America Electro-Optic in Naval Market, by End Use
10.1.3.3.1 Argentina: South America Electro-Optic in Naval Market, by Defense
10.1.3.3.2 Argentina: South America Electro-Optic in Naval Market, by Commercial
10.1.4 Rest of SAM: South America Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
10.1.4.1 Rest of SAM: South America Electro-Optic in Naval Market, By Technology
10.1.4.2 Rest of SAM: South America Electro-Optic in Naval Market, by Application
10.1.4.3 Rest of SAM: South America Electro-Optic in Naval Market, by End Use
10.1.4.3.1 Rest of SAM: South America Electro-Optic in Naval Market, by Defense
10.1.4.3.2 Rest of SAM: South America 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 Elbit Systems Ltd
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 Saab AB
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 Safran SA
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 L3Harris Technologies Inc
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 Israel Aerospace Industries Ltd
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 Naval Group 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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: South America Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (Brazil$ Million)
Table 3. Brazil: South America Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (Brazil$ Million)
Table 4. Brazil: South America Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (Brazil$ Million)
Table 5. Brazil: South America Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: South America Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: South America Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: South America Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: South America Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: South America Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 11. Argentina: South America Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of SAM: South America Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of SAM: South America Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of SAM: South America Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of SAM: South America Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of SAM: South America Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Electro-Optics in Naval Market Segmentation
Figure 2. South America Electro-Optics in Naval Market Segmentation – By Country
Figure 3. South America Electro-Optics in Naval Market Overview
Figure 4. South America Electro-Optics in Naval Market, by Technology
Figure 5. South America Electro-Optics in Naval Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. South America Electro-Optics in Naval Market – Ecosystem Analysis
Figure 8. South America Electro-Optics in Naval Market: Impact Analysis of Drivers and Restraints
Figure 9. South America Electro-Optics in Naval Market Revenue Forecast and Analysis (US$ Million)
Figure 10. South America Electro-Optics in Naval Market, By Technology (2021 & 2028)
Figure 11. Camera: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Sensor: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Laser Range Finders: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. South America Electro-Optics in Naval Market, By Application (2021 & 2028)
Figure 15. Target Detection, Identification, and Tracking: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Surveillance: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Fire Control: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. South America Electro-Optics in Naval Market, By End Use (2021 & 2028)
Figure 20. Defense: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Frigates: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Corvettes: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Destroyers: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Aircraft Carrier: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Submarines: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Commercial: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Cruise Ships: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Merchant Ships: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Cargo Ships: South America Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. South America Electro-Optic in Naval Market , by Key Country– Revenue (2021)(US$ Million)
Figure 32. South America Electro-Optic in Naval Market Revenue Share, by Key Country (2021 & 2028)
Figure 33. Brazil: South America Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
Figure 34. Argentina: South America Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of SAM: South America Electro-Optic in Naval Market – Revenue and Forecast to 2028 (US$ Million)
- Elbit Systems Ltd
- Israel Aerospace Industries Ltd
- L3Harris Technologies Inc
- Naval Group SA
- Saab AB
- Safran SA
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