Infrared Search And Track (IRST) System Market 2024-2028
The infrared search and track (IRST) system market is forecasted to grow by USD 580 mn during 2023-2028, accelerating at a CAGR of 2.1% during the forecast period. The report on the infrared search and track (IRST) system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by development of new-generation air and missile defense systems, ongoing digitization of battlefield operations, and rising investments in defense programs by nations to protect from various threats.
Technavio's infrared search and track (IRST) system market is segmented as below:
By End-user
Aerospace and defense
Civil
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the growing preference for infrared search and track irst system over radar as one of the prime reasons driving the infrared search and track (IRST) system market growth during the next few years. Also, technological advancements in air defense system capabilities and incorporation of artificial intelligence (AI) technology will lead to sizable demand in the market.
The report on the infrared search and track (IRST) system market covers the following areas:
Infrared Search And Track (IRST) System Market sizing
Infrared Search And Track (IRST) System Market forecast
Infrared Search And Track (IRST) System Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading infrared search and track (IRST) system market vendors that include ASELSAN AS, Excelitas Technologies Corp., HGH Systemes Infrarouges SAS, Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Rheinmetall AG, RTX Corp., Safran SA, Thales Group, and Tonbo Imaging India Pvt Ltd.. Also, the infrared search and track (IRST) system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Infrared Search And Track (IRST) System Market 2018 - 2022
Historic Market Size - Data Table on Global Infrared Search And Track (IRST) System Market 2018 - 2022 ($ million)