Infrared Search & Track (IRST) System Market Growth, Size, Demand, Trends and Future Scope
Infrared Search & Track (IRST) System Market Size- By Component, By Platform, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: IACT2337 | Pages: 1 - 208 | Formats*: |
| Category : Information & Communications Technology | |||
Global Infrared Search & Track (IRST) System Market Overview
According to SPER Market Research, the Global Infrared Search & Track (IRST) System Market is estimated to reach USD 12.63 billion by 2032 with a CAGR of 5.99%.
The use of an infrared search and track (IRST) system to find infrared emitting vehicles and equipment. Most aircraft including jet planes use this. The primary benefit of the IRST system is that, unlike RADAR, which has an infrared signature of its own, it doesn't emit any infrared radiation of its own, making it impossible to detect. The military industry gets enormous popularity for its passive situational awareness technology for locating and eliminating adversarial forces. The aerospace industry's expanded use of it for outer orbital mechanized rovers also contributes to the market's expansion. This market is growing quickly as a result of the government's significant investment in intelligent tracking systems. The high design and production costs of this technology, however, limit market expansion.
The primary factor driving the market expansion for infrared search and track (IRST) systems is the rise in improved security and immunity to radars. Other major drivers include the need to upgrade situational awareness systems, an increase in defense spending, and an increase in the demand for improved situational awareness. Additionally, increased research and development efforts and the focus on military modernization will open up new prospects for vendors of infrared search and track (IRST) systems over the course of the projection period. However, the surge in industrialized nations' defense spending serves as a significant limitation and will continue to provide difficulties for the market for infrared search and track (IRST) systems.
Impact of COVID-19 on the Global Infrared Search & Track (IRST) System Market
Over the next years, the market is likely to expand due to the rising demand for improved security and radar immunity as well as improved situational awareness. In contrast, the global COVID-19 epidemic slows down production and the availability of crucial raw materials for IRST, which is projected to restrain market growth over the coming years. The market's expansion is also constrained by this technology's high designing and manufacturing costs.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Component, By Platform, By End User |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ASELSAN A.S., Hughes Network Systems LLC., Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Rheinmetall AG, Safran S.A., Thales Group, Tonbo Imaging Private Limited, TTP plc |
Target Audience-
- Government and Certification Bodies
- Manufacturers of IRST systems
- Original Equipment Manufacturers (OEMs)
- Sub-component Manufacturers
- Technology Support Providers
Global Infrared Search & Track (IRST) System Market Segmentation:
1. By Component:
- Display Unit
- Processing & Control Electronics
- Scanning Head
2. By Platform:
- Airborne
- Land
- Naval
- Others
3. By End User:
- Aerospace & Defense
- Civil
4. By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Infrared Search & Track (IRST) System Market (FY’2019-FY’2032)
- Overview of Global Infrared Search & Track (IRST) System Market
- Segmentation of Global Infrared Search & Track (IRST) System Market By Component (Display Unit, Processing & Control Electronics, Scanning Head)
- Segmentation of Global Infrared Search & Track (IRST) System Market By Platform (Airborne, Land, Naval, Others)
- Segmentation of Global Infrared Search & Track (IRST) System Market By End User (Aerospace & Defense, Civil)
- Statistical Snap of Global Infrared Search & Track (IRST) System Market
- Global Infrared Search & Track (IRST) System Market Growth Analysis
- Problems and Challenges in Global Infrared Search & Track (IRST) System Market
- Global Infrared Search & Track (IRST) System Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Infrared Search & Track (IRST) System Market
- Details on Recent Investment in Global Infrared Search & Track (IRST) System Market
- Competitive Analysis of Global Infrared Search & Track (IRST) System Market
- Major Players in the Global Infrared Search & Track (IRST) System Market
- SWOT Analysis of Global Infrared Search & Track (IRST) System Market
- Global Infrared Search & Track (IRST) System Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Infrared Search & Track (IRST) System Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Infrared Search & Track (IRST) System Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Infrared Search & Track (IRST) System Market
7. Global Infrared Search & Track (IRST) System Market, By Component, 2019-2032 (USD Million)
7.1 Display Unit7.2 Processing & Control Electronics7.3 Scanning Head
8. Global Infrared Search & Track (IRST) System Market, By Platform, 2019-2032 (USD Million)
8.1 Airborne8.2 Land8.3 Naval8.4 Others
9. Global Infrared Search & Track (IRST) System Market, By End User ,2019-2032 (USD Million)
9.1 Aerospace & Defense9.2 Civil
10. Global Infrared Search & Track (IRST) System Market, By Region, 2019-2032 (USD Million)
10.1 Global Infrared Search & Track (IRST) System Market and Market Share by Region (2019-2025)10.2 Global Infrared Search & Track (IRST) System Market and Market Share by Region (2026-2032)10.3 Asia-Pacific
10.3.1 Australia10.3.2 China10.3.3 India10.3.4 Japan10.3.5 South Korea10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France10.4.2 Germany10.4.3 Italy10.4.4 Spain10.4.5 United Kingdom10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia10.5.2 United Arab Emirates10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada10.6.2 Mexico10.6.3 United States
10.7 Latin America
10.7.1 Argentina10.7.2 Brazil10.7.3 Rest of Latin America
11. Company Profiles
11.1 ASELSAN A.S.
11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments
11.2 Hughes Network Systems LLC.
11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments
11.3 Leonardo S.p.A
11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments
11.4 Lockheed Martin Corporation
11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments
11.5 Northrop Grumman Corporation
11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments
11.6 Raytheon Company
11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments
11.7 Rheinmetall AG
11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments
11.8 Safran S.A.
11.8.1 Company details11.8.2 Financial outlook11.8.3 Product summary11.8.4 Recent developments
11.9 Thales Group
11.9.1 Company details11.9.2 Financial outlook11.9.3 Product summary11.9.4 Recent developments
11.10 Tonbo Imaging Private Limited
11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
11.11 TTP plc
11.11.1 Company details11.11.2 Financial outlook11.11.3 Product summary11.11.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Infrared Search & Track (IRST) System Market Segment is Covered By Component, By Platform, By End User.
The North America region is anticipated to have the highest market share in the Infrared Search & Track (IRST) System Market.
The key players in the market include Companies Covered ASELSAN A.S., Hughes Network Systems LLC., Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Rheinmetall AG, Safran S.A., Thales Group, Tonbo Imaging Private Limited, TTP plc.
This market is growing quickly as a result of the government's significant investment in intelligent tracking systems. The high design and production costs of this technology, however, limit market expansion.
Infrared Search & Track (IRST) System Market is projected to reach USD 12.63 billion by 2032, growing at a CAGR of 5.99% during the forecast period.
Infrared Search & Track (IRST) System Market grew in market size from 2021. The Market is expected to reach USD 12.63 billion by 2032, at a CAGR of 5.99% during the forecast period.
Infrared Search & Track (IRST) System Market CAGR of 5.99% during the forecast period.
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Infrared Search & Track (IRST) System Market size is USD 12.63 billion from 2022 to 2032.
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