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Global Military Electro-Optics / Infrared Systems Strategic Report 2024: Market to Reach $13.4 Billion by 2030 – Soldier Modernization Initiatives Augur Well for the Market

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DUBLIN, Feb. 27, 2024 /PRNewswire/ — The “Military Electro-Optics / Infrared Systems – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Military Electro-Optics / Infrared Systems Market to Reach $13.4 Billion by 2030

The global market for Military Electro-Optics / Infrared Systems estimated at US$8.8 Billion in the year 2022, is projected to reach a revised size of US$13.4 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030. Air, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$5.8 Billion by the end of the analysis period. Growth in the Land segment is estimated at 6.4% CAGR for the next 8-year period.

The increasing significance of military electro-optical and infrared (EO/IR) systems, driven by evolving defense requirements, is highlighted in the context of a global economic update. An introduction to these systems sets the stage, emphasizing their crucial role in modern military operations.

The airborne segment is identified as a leader in the military EO/IR systems market, with developing regions poised to drive future growth. The competitive landscape is explored through insights into the market presence of 84 players worldwide in 2023, followed by an overview of recent market activity. This underscores a dynamic industry responding to evolving defense needs and technological advancements. 

The U.S. Market is Estimated at $3.6 Billion, While China is Forecast to Grow at 6.9% CAGR

The Military Electro-Optics / Infrared Systems market in the U.S. is estimated at US$3.6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

MARKET TRENDS & DRIVERS

Strong Growth in Military & Defense Spending Spurs Opportunities for Military Electro-Optics/Infrared SystemsRobust Defense Spending Amid the Unfortunate State of Global Geo-Political Affairs Opens Opportunities for Spending on Military Electro-Optics/Infrared Systems: Military Spending by Top Countries in 2023 (In US$ Billion)Rise in Territorial Conflicts and Border Disputes Necessitate Better Surveillance & Target IdentificationSoldier Modernization Initiatives Augur Well for the MarketAge of Connected Battlefield & Network Centric Warfare Strategies Make C4ISR the Backbone of Modern Military OperationsImproving Target Identification, Threat Assessment and Monitoring: Essential Capabilities of EO SystemsAdvancements in Defense Electronics and Miniaturization of Military Electronics Support Market GrowthGrowing Use of Sensor-Based Systems in Military Applications Augurs Well for the MarketMarket Primed to Benefit from the Rising Adoption of High Capability UAVsNew Era of Drone-Powered WarfareIncreasing Use of Drones in the Battlefield Pushes Up Demand for EO/IR SystemsGrowing Role of Unmanned Aircraft Systems for ISR Operations Drives Demand for EO/IR SystemsWith Unmanned Aircrafts Posing Threat of Terrorism and Smuggling, EO/IR-based Counter-Drone Systems Grow in ProminenceIndian Government Seeks Anti-Drone System Amidst Heightened Threat from Rogue DronesSmall Sized EO/IR Sensors in Drones for ISR MissionsRising Need for EO/IR Systems for Unmanned Vehicles in Surveillance ApplicationsMaritime Boundary Disputes Accentuate Need for ISR SystemsNight Vision & Electro-Optics Ride High on Need for Surveillance & National SecurityNew Technologies Revolutionize Vision Systems for SoldiersIncreasing Proliferation of Military Aerostat Systems Augurs Well for the MarketFocus on Development of EO/IR Systems to Coordinate with Traditional Military SystemsSustained Demand for Infrared Imaging Technology in Military ApplicationsImaging Infrared Technology Finds Favor in IR Missile GuidanceThermal Cameras: An Important System for Securing BordersInfrared and Thermal Cameras Find Use in ISR OperationsThermal Imagers for Remote Temperature MeasurementIntegration of EO Systems into Laser and Thermal Imaging Systems for More Effective SurveillanceAdvanced LWIR Technology to Power Near-Room Temperature Thermal ImagingLWIR Imagers with Superior Dynamic RangeBallistic Missile Defense Undergoes Seismic Changes with Electro-Optical SensorsDetection Using IR and Electro-Optical SensorsEffective Command & Control using Advanced SensorsNetworked Sensing Systems Hold Significance for Urban Target RecognitionEO/IR Systems and Motion Control Systems in Harsh EnvironmentsRobust Growth of Early Warning Systems to Present Market OpportunitiesFactors Influencing Future Developments & Multi-Spectral TargetingTechnological Advances to Bolster Market GrowthAdvances in Stabilization to Expand Boundaries of Electro-Optical Sensors for Military Use

FOCUS ON SELECT PLAYERS (Total 82 Featured)

BAE Systems PLCElbit Systems Ltd.General Dynamics CorporationAselsan A.S.Bharat Electronics Ltd.Excelitas Technologies CorporationBertin TechnologiesCantronic Systems (Canada), Inc.CONTROP Precision Technologies Ltd.HGH Systemes InfrarougesHensoldt Sensors GmbHAmerican Technologies Network Corp.Hanwha Systems Co., Ltd.Defsys Solutions Pvt Ltd.IMAGEOPS

For more information about this report visit https://www.researchandmarkets.com/r/84v27o

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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Bridge Group Investments Rebrands as Mershops

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The Mersho family announces the launch of Mershops, a real estate platform redefining how America experiences retail, hospitality, and workplace destinations.

SAN JOSE, Calif., May 19, 2025 /PRNewswire/ — The Mersho family, founders of the nationally recognized Shoe Palace retail brand, announced today the rebranding of Bridge Group Investments to Mershops, a real estate platform focused on transforming underperforming assets into future-facing, culturally relevant destinations.

More than a name change, the launch of Mershops marks a generational evolution in the way real estate is imagined, executed, and experienced. Backed by permanent family capital and in strategic partnership with Steerpoint Capital, Mershops is actively repositioning a portfolio of malls, offices, and hospitality properties, beginning with five flagship assets across California and Nevada. The first two properties to undergo full-scale transformations are Mershops North County in Escondido, Calif., and the Galleria at Sunset in Henderson, Nev.

“Mershops is redefining what malls and destination properties can be,” said George Mersho, CEO of Mershops. “Our approach combines consistency, hospitality, and thoughtful design, laying the foundation for a diversified real estate platform spanning retail, office, and hospitality developments.”

“We’re building community-driven spaces that blend commerce with experience,” added Ralph Mersho, CFO of Mershops. “These thoughtfully designed environments encourage people to connect, linger, and return — reshaping how they engage with retail, work, and leisure.”

“Mershops is more than real estate — it’s a movement,” said Tony Mersho, Managing Partner. “We’re creating places where commerce, culture, and community collide. We lead with design, vision, and operational discipline — because people deserve better experiences, and properties deserve better futures.”

“We are setting a new benchmark for how malls should function in today’s world,” said John Mersho, Managing Partner. “This is about legacy. We’re not flipping assets — we’re rebuilding institutions. Our family-built brands people trust. Now, we’re building places they belong.”

At Mershops North County, a bold transformation is underway — turning the property into a next-generation retail and community hub. Enhancements include eye-catching signage, contemporary interior finishes, interactive digital directories, and revitalized branding that reflects a new era of vibrancy and engagement. These improvements are designed to not only modernize the space, but to create a destination that draws in both national retailers and the local community with equal strength.

The momentum is already visible with a curated lineup of new tenants: Round 1, bringing entertainment and nightlife energy; Panini Kabob Grill, adding fresh, chef-driven dining; Kids Empire, energizing the family and youth experience; and the Escondido Public Library, anchoring the project with cultural and civic value. These additions underscore Mershops North County’s rising influence as a magnet for diverse foot traffic and long-term tenant growth.

Similar property-wide upgrades are in motion at Antelope Valley Mall (Palmdale, Calif.), The Shops at Montebello (Montebello, Calif.), and Northridge Mall (Salinas, Calif.) — each receiving tailored reinvestments to enhance shopper experience, community relevance, and tenant success. The transformation also extends to two high-profile office campuses in Silicon Valley, reinforcing Mershops’ commitment to redefining environments in which people live, work, and connect.

“This rebranding is foundational to our vision of repositioning these properties as long-term value creators,” said Bo Okoroji, Founder & CEO of Steerpoint Capital. “We’re investing in malls that anchor their communities while generating robust, stable returns.”

About Mershops
Mershops is a visionary real estate platform founded by the Mersho family to acquire, elevate, and reimagine destination properties across the United States. Built on a legacy of retail innovation and rooted in hospitality, Mershops brings bold design, operational precision, and a customer-first mindset to every asset. With a long-term view and permanent family capital, Mershops is reshaping how people shop, work, and gather — creating spaces that inspire connection, deliver performance, and stand the test of time.

About Steerpoint Capital
Steerpoint Capital is a commercial real estate investment and advisory firm focused on value-add and opportunistic strategies across retail and mixed-use assets. With deep experience in repositioning malls and structuring creative investment partnerships, Steerpoint is active across the Western U.S. and Sunbelt states. For more information, visit SteerpointCapital.com.

Media Contact
Joey Good
Grapevine Strategies

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SOURCE Steerpoint Capital

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ANNOUNCING THE RETURN OF EBONY POWER 100: WHERE LEGACY MEETS TOMORROW’S LEADERS

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Submissions are now open till June 13th; nominate the changemakers shaping Black Culture in 2025

LOS ANGELES, May 19, 2025 /PRNewswire/ — Black excellence has a home, and for eight decades, that home has been EBONY. Today, as the iconic and beloved Black-owned media company prepares to celebrate 80 years of championing and elevating the Black identity through powerful storytelling, around the globe, we are now proud to announce that nominations are open for the 2025 EBONY Power 100 List.

The EBONY Power 100 captures lightning in a bottle—the dynamic forces who aren’t just participating in culture, but transforming it. As part of our enduring mission to amplify and celebrate Black voices, we recognize the visionaries who turn obstacles into opportunities, the innovators whose dreams become our daily reality, and the voices that resonate from boardrooms to recording studios, research labs to movie sets. From activists to actors, innovative scientists to business leaders, these are individuals who not only break barriers, but are redefining what’s possible for future generations, while embodying the spirit creative expression that has defined EBONY for decades.

Past honorees include Cynthia Erivo, USHER, former Vice President Kamala Harris, Deion Sanders, Gayle King, and Pat McGrath.

Submissions are now open for the 2025 EBONY Power 100 list. The full list of 2025 EBONY Power 100 categories include:

Artists in ResidenceBusiness DisruptersCommunity CrusadersEntertainment PowerhousesGeneration NextInfluential CreatorsLeaders in SportsMedia MavensMusic InnovatorsStem Trailblazers

To learn more about EBONY Power 100 and to nominate visit:
https://www.ebony.com/ebony-power-100-nomination-form.

All nominations must be submitted by June 13, 2025. Final honorees will be celebrated at the highly anticipated EBONY Power 100 ceremony in Los Angeles November 2025.

For inquiries about the EBONY Power 100 contact:

For EBONY Power 100 list inquires – EP100@ebony.comFor sales and brand partnerships – Duryea Ruffins, druffins@ebony.comFor PR & marketing – Deon Harris, dharris@ebony.com

About EBONY
For nearly 80 years, EBONY has served as the leading voice of the Black American experience and is the most influential Black-owned media company in the world. Under new ownership and leadership, EBONY has grown into a multi-media entity, covering cultural news, entertainment, and lifestyle with a commitment to Move Black Forward with EBONY, EBONY Studios, and JET. EBONY continues to be the leading authority and anchor for all facets of Black culture, illuminating the Black perspective and serving as the ultimate curator for the past, present, and future of the Black and African American experience.

EBONY Media Group is a division of 1145 Holdings, LLC.

Media Contact:
Allison
ebony@allisonworldwide.com

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SOURCE EBONY Media Group

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RealTruck Introduces “Builder,” First-of-its-Kind 3D Visualization Tool in the Aftermarket Accessory Retailer Market

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RealTruck Builder Allows Consumers to Easily Visualize their Dream Truck in a Seamless Build-to-Purchase Interactive Design Platform

ANN ARBOR, Mich., May 19, 2025 /PRNewswire/ — For years, truck enthusiasts have dreamed of a day when they could fully customize their build and see it come to life in true-to-scale 3D. RealTruck, a global aftermarket product and accessory brand and a digital destination for truck, Jeep®, Bronco® and off-road enthusiasts, has made it a reality with RealTruck Builder, the industry’s innovative and interactive 3D visualization tool that is available to all consumers visiting the site. The new digital design tool is a game-changer within the aftermarket accessory retailer market, and gives enthusiasts the opportunity to easily visualize their dream vehicle and directly explore and shop countless accessory combinations guaranteed to fit their vehicle.

With RealTruck Builder, shoppers can customize by choosing a specific vehicle model by year and make, including bed and cab configuration and OEM paint colors so they can see what accessories would look like on their vehicle before they decide to purchase. They also have the ability to mix and match products across categories including bed covers, steps, protection, bumpers, racks and more. Users can also view completed builds in life-sized 3D augmented reality, letting them see how gear and accessories fit and feel in real-world settings – from their driveway to their garage to their showroom – making it intuitive to see their dream vehicles as they build to buy.

“Built to explore and designed to bring your truck to life, RealTruck Builder makes every step—from browsing to buying—fun, intuitive, easy, and full of discovery,” said Tony Ambroza, Chief Growth Officer at RealTruck. “The online shopping experience has evolved and consumers now expect to virtually ‘experience’ what they are buying. RealTruck Builder was the natural progression to provide an experience for people to see how our products fit their specific vehicle and offer a seamless transition from design to purchase.”

RealTruck Builder delivers a fast, web-based, and fully transactional experience that lets customers explore and buy with confidence, loading thousands of products and vehicles in under a second. As part of the tool’s features, users can save and share their custom rigs via a link, making it easy to get feedback, return later, or pass along to a friend or dealer.

The easy-to-use tool is free to consumers, mobile friendly, and fully accessible via any device including phones, tablets and desktops. Consumers can explore millions of possible configurations, with new vehicles and accessories added daily including products proudly assembled in the USA.

To learn more about RealTruck Builder and to start building today, visit RealTruck.com.

About RealTruck
RealTruck is the world’s premier accessory manufacturer for truck, Jeep®, Bronco® and off-road enthusiasts. Globally headquartered in Ann Arbor, Michigan, RealTruck’s 5,000 associates operate from 78 facilities across four continents. RealTruck’s industry leading product portfolio, which includes the Husky Liners total vehicle protection brand, boasts over 850 patents and pending applications. The company’s omnichannel retail approach delivers a seamless consumer experience online at RealTruck.com, as well as through its 12,000+ dealer network and automotive (OEM) partnerships. For more information, visit www.realtruck.com.

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SOURCE RealTruck

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