The global military market for electro-optical/infrared (EO/IR) systems, valued at $9.2 billion in 2021, is expected to increase at a combined annual growth rate (CAGR) of 3.43% to reach a value of $12.9 billion by 2031, according to a study by GlobalData, "Global Military Electro-Optical/Infrared (EO/IR) Systems Market to 2031."