Infrared Search and Track (IRST) System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The infrared search & track (IRST) system attributes to recognizing and tracking gadgets that radiates infrared radiation, like helicopters and jet aircraft. The IRTS is extensively utilized in the military and defense division for surveillance and security purposes. Infrared search and track technology also ensures enhanced sensor scales for next-generation fighter aircraft, notably when it comes to spotting stealth aircraft without radar. Moreover, one could observe infrared search & track (IRST) system applications and patterns on the snout of many modern fighter jets like the Eurofighter Typhoon. The IRST market is expected to boom in the coming years globally owing to technological advancements in the aerospace and defense sectors.

MARKET DYNAMICS

Technological enhancements especially the ability to search and track an even under adverse challenging circumstances such as bad weather, pitch-black darkness and under water environments, is the major factor driving the growth of the infrared search & track (IRST) system market. However, developed countries' small defense budgets are a significant obstacle to the rise and development of the demand for the IRST system may restrain the growth of the infrared search & track (IRST) system market. Furthermore, the easy usage and wide range of applications among various industrial verticals to promote the use of infrared search & track (IRST) system and this is further anticipated to create market opportunities for the infrared search & track (IRST) system market during the forecast period.

MARKET SCOPE

The "Global Infrared Search & Track (IRST) System Market Analysis to 2031" is a specialized and in-depth study of the infrared search & track (IRST) system market with a special focus on the global market trend analysis. The report aims to provide an overview of infrared search & track (IRST) system market with detailed market segmentation by component, platform and industry. The global infrared search & track (IRST) system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading infrared search & track (IRST) system market players and offers key trends and opportunities in the infrared search & track (IRST) system market.

MARKET SEGMENTATION

The global infrared search & track (IRST) system market is segmented on the basis of component, platform and industry. On the basis of component, the market is segmented as scanning head, processing & control electronics, and display. Similarly, on the basis of platform, the market is segmented as airborne, naval, land and others. Also based on industry the market is further segmented as civil and defense.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global infrared search & track (IRST) system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The infrared search & track (IRST) system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting infrared search & track (IRST) system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the infrared search & track (IRST) system market in these regions.

Infrared Search and Track (IRST) System Market Report Analysis

Infrared Search and Track (IRST) System Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ASELSAN A.
• .
• HGH Systemes Infrarouges SAS
• Hughes Network Systems, LLC
• Leonardo S.p.A
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Rheinmetall AG
• Safran

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Scanning Head
• Processing and Control Electronics
• Display

By Platform

• Airborne
• Naval
• Land

By Industry

• Civil
• Defense

MARKET PLAYERS

The reports cover key developments in the infrared search & track (IRST) system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from infrared search & track (IRST) system market are anticipated to lucrative growth opportunities in the future with the rising demand for infrared search & track (IRST) system market. Below mentioned is the list of few companies engaged in the infrared search & track (IRST) system market.

The report also includes the profiles of key infrared search & track (IRST) system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  ASELSAN A.?.
  
•  HGH Systemes Infrarouges SAS
  
•  Hughes Network Systems, LLC
  
•  Leonardo S.p.A
  
•  Lockheed Martin Corporation
  
•  Northrop Grumman Corporation
  
•  Rheinmetall AG
  
•  Safran
  
•  Thales Group
  
•  Tonbo Imaging
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Infrared Search and Track (IRST) System Market Report Scope