Globe News Wire
29 May 2026, 01:30 UTC · 18h ago
Source · https://www.globenewswire.com/news-release/2026/05/29/3303361/0/en/india-military-eo-ir-market-worth-1-78-billion-by-2030-research-report.html
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India's military Electro-Optical/Infrared (EO/IR) market is projected to reach USD 1.78 billion by 2030. — Provides a concrete valuation and growth trajectory for a specific defense niche, signaling long-term revenue opportunities for suppliers.
+0.60The market is expected to grow at a CAGR of approximately 8.9% between 2025 and 2030. — Steady growth rate indicates a consistent increase in defense spending and demand for advanced surveillance tech.
+0.40The "Make in India" and "Atmanirbhar Bharat" initiatives are driving a shift toward local production and domestic manufacturing of EO/IR sensors. — Shifts the benefit from global exporters to domestic Indian defense firms and those forming local partnerships.
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AI and machine learning are being integrated into EO/IR systems to automate target recognition and threat classification. — Increases the total addressable market for AI software providers within the defense hardware sector.
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