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Military EO/IR systems market to reach a value of $12.9 billion by 2031, study says

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