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Published Date: October, 2019

Infrared Search and Track (IRST) Systems Market (Component - Scanning Head, Processing & Control Electronics, and Display; Platform - Naval, Airborne, Land, and Other Platforms; End User - Aerospace and Defense, and Homeland Security): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025


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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.

 

Market Insight

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.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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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