Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on infrared
search and track (IRST) systems market provides an in-depth analysis of segments and
sub-segments in the global as well as regional infrared search and track systems
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional infrared search and track systems market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global infrared search and
track systems market. According to the report, the global infrared search and
track systems market is projected to grow at a CAGR of 5.9% over the forecast
period of 2019-2025.
Infrared search and track systems are used to detect and track
objects that give out infrared radiation. The growing use of IRST technology in
jet planes and aircraft stimulates the growth of the IRST market. IRST
technology enhances situational awareness and security over the radar. The key
players operating in the global infrared search and track systems market are
adopting strategies such as mergers, acquisitions, and collaborations that
promote their market share.
The enhanced security and immunity over radars drive the growth of
the infrared search and track systems market. The increasing defense budgets
globally contribute to the growth of the infrared search and track systems
market. Factors such as better resolution and object tracking ability in both
horizontal and vertical angles promote the growth of infrared search and track
systems market. The rising investments in defense and security boost the growth
of the infrared search and track systems market. The growing adoption of
advanced technology for defense infrastructure promotes the growth of the
infrared search and track systems market. In addition, increasing the use of IRST
technology in the aerospace industry for outer orbital mechanized rovers
stimulates the growth of infrared search and track systems market. On the other
side, the high manufacturing and designing cost of this technology hinders the
growth of the infrared search and track systems market. Moreover, research and
development propel innovations that create numerous opportunities for the
growth of infrared search and track systems market.
Based on geography, the global infrared search and track systems
market is classified into North America, Asia-Pacific, Europe, and the Rest of
the World. Europe is expected to have a premium share in the global infrared
search and track systems market. The rising research and development
investments and growing demand for situational awareness in Europe stimulate
the growth of infrared search and track systems market in Europe. North America
is anticipated to grow in the global infrared search and track systems market
with a significant CAGR over the forecast period. Asia-Pacific region is
showing growth in the global infrared search and track systems market.
The report on the global infrared search and track systems market
covers segments such as component, platform, and end user. On the basis of
component, the sub-markets include scanning head, processing & control
electronics, and display. On the basis of the platform, the sub-markets include
naval, airborne, land, and other platforms. On the basis of end user, the
sub-markets include aerospace and defense, and homeland security.
The report provides profiles of the companies in the market such
as Safran S.A., Lockheed Martin Corporation, Thales Group, Northrop Grumman
Corporation, HGH Systemes Infrarouges SAS, Tonbo Imaging Private Limited,
Hughes Network Systems LLC, Leonardo S.p.A., Rheinmetall AG, ASELSAN A.S., and
other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of infrared search and track systems market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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