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Infrared Search And Track (IRST) System Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, France, China, Germany, UK - Size and Forecast 2024-2028

Infrared Search And Track (IRST) System Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, France, China, Germany, UK - Size and Forecast 2024-2028

Published: Oct 2024 139 Pages SKU: IRTNTR73689

Market Overview at a Glance

$580 Mn
Market Opportunity
2.1%
CAGR
2.1
YoY growth 2023-2024(%)

Infrared Search And Track System Market Size 2024-2028 

The infrared search and track (IRST) system market size is forecast to increase by USD 580 million at a CAGR of 2.1% between 2023 and 2028. The market is driven by the integration of Infrared radiation technology in various applications, particularly in aerial reconnaissance and surveillance missions. IRST systems utilize electromagnetic energy in the form of infrared radiation to detect and track the thermal signatures of objects, making them an essential tool for military vehicles and fixed and mobile surveillance systems. The market is experiencing significant growth due to the increasing preference for IRST systems over traditional radar technology. However, high research and development costs and the cancellation of several projects pose challenges to market expansion. The development of advanced air and missile defense systems is also fueling the demand for IRST systems, as they offer superior detection capabilities and enhanced situational awareness.

What will be the Size of the Market During the Forecast Period?

Infrared Search And Track (IRST) System Market Size

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Infrared Search and Track (IRST) systems have gained significant attention in modern defense due to their ability to detect and track targets using passive infrared sensors. These systems operate by detecting infrared radiation emitted by objects, providing a tactical advantage in various operational environments. IRST systems are widely used in aeronautical and naval applications, including airborne platforms and naval vessels. They enable the detection of high-speed targets such as missiles, drones, and other aircraft, providing early warning and engagement capabilities. The use of IRST systems extends beyond military applications, with a growing demand for intelligence and security applications for critical infrastructure protection and autonomous surveillance. These systems can detect and track thermal signatures of objects, making them essential for aerial reconnaissance and surveillance missions.

Further, IRST systems use electromagnetic energy in the form of infrared radiation to identify and track targets. Advanced features such as artificial intelligence, image processing, and customization enhance the capabilities of these systems, providing improved accuracy and efficiency. IRST systems have become increasingly important in modern defense, offering a significant tactical advantage in various operational environments. They are used in military vehicles, fixed surveillance systems, and mobile surveillance systems to ensure security and intelligence gathering in various sectors. The market is expected to grow due to the increasing demand for advanced surveillance and reconnaissance capabilities.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • End-user
    • Aerospace and defense
    • Civil
  • Geography
    • North America
      • US
    • Europe
      • Germany
      • UK
      • France
    • APAC
      • China
    • South America
    • Middle East and Africa

By End-user Insights

The aerospace and defense segment is estimated to witness significant growth during the forecast period. The market holds significant importance in the defense sector, particularly in the aerospace industry. IRST systems utilize infrared radiation, a form of electromagnetic energy, to detect and track thermal signatures of objects. These systems are essential for aerial reconnaissance and surveillance missions, enhancing the capabilities of military vehicles and fixed or mobile surveillance systems. In the defense sector, the aerospace segment dominates the market due to its role in securing army and air force bases from aerial threats such as missiles, Unmanned Aerial Vehicles (UAVs), and drones. IRST systems are integral components of both mobile devices in the air and fixed installations on the ground.

Further, ground-based installations, part of Battle Emergency Management Control Systems (BEMCS), identify intruders in the airspace or potential threats from a distance. Aircraft-mounted IRST systems enable the detection and tracking of threats, enhancing situational awareness and response time. The professional and formal use of IRST systems in aerospace and defense applications is vital for maintaining security and ensuring the safety of military assets. The integration of advanced IRST technology in defense systems is a testament to the industry's commitment to innovation and staying ahead of potential threats.

Infrared Search And Track (IRST) System Market Size

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The aerospace and defense segment accounted for USD 2.81 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Infrared Search And Track (IRST) System Market Share by Geography

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Infrared Search and Track (IRST) systems have gained increasing importance in North America's defense organizations, particularly in the United States and Canada. The region's substantial investments in the military and aerospace sectors have fueled the growth of this market. IRST systems offer advanced capabilities in target tracking and situational awareness without relying on radar. This feature is crucial for maintaining concealment technology, a significant priority for military and defense applications. The U.S. Department of Defense (DoD) is at the forefront of adopting IRST systems, integrating them into military aircraft, naval vessels, and ground-based systems. This integration enables detection, tracking, and engagement of targets discreetly, providing a strategic advantage.

Further, IRST systems are essential for enhancing military capabilities, especially in the context of emerging challenges. As the North American market for IRST systems continues to evolve, it is expected to witness significant growth, driven by the demand for advanced technology in defense applications. In summary, the North American IRST system market is experiencing steady growth due to the region's significant investments in the defense and aerospace sectors. The U.S. DoD's focus on advanced military technology, including IRST systems, is driving demand for these systems in various defense applications. The integration of IRST systems into military aircraft, naval vessels, and ground-based systems offers advantages in target tracking and situational awareness, making it a vital component of modern defense technology.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The development of new-generation air and missile defense systems is the key driver of the market. The global security landscape is evolving rapidly, with new air and missile threats posing significant challenges to strategic assets such as military bases and vessels. Advanced weapons, including high-speed cruise missiles and nuclear-capable ballistic missiles, are being developed by various nations to bypass sophisticated air defense systems. For instance, countries like China, India, and Russia have made strides in hypersonic missile technology, which are challenging to intercept using existing missile shields. The BrahMos missile, a joint development between Russia and India, is an example of such advanced weaponry that can evade older missile defense systems.

In response to these threats, defense modernization efforts are underway to enhance situational awareness and improve sensor data processing through sensor fusion and communication technology. Collaborative engagement between military forces is also crucial for effective defense against airborne threats. This ongoing arms race necessitates continuous innovation and investment in advanced defense technologies to maintain a competitive edge.

Market Trends

Growing preference for infrared search and track IRST system over radar is the upcoming trend in the market. Infrared Search and Track (IRST) systems are advanced surveillance technologies utilized for autonomous target detection, classification, and prioritization. IRST systems have gained significant traction in defense applications, particularly in air and maritime platforms, due to the limitations of radar systems. Radar systems have drawbacks such as passive surveillance limitations, vulnerability to jamming, and susceptibility to anti-radiation missiles. In response, IRST systems, which rely on passive infrared sensors, offer a tactical advantage. These systems can detect high-speed targets, including missiles and drones, without emitting any signals, making them less susceptible to countermeasures. The global market for IRST systems is experiencing substantial growth, with numerous developments underway to enhance their capabilities.

For instance, in April 2022, Hindustan Aeronautics Ltd. Announced the successful integration of an IRST system on a fighter aircraft, underscoring the growing importance of these systems in modern defense applications. From a business perspective, the IRST systems market presents significant opportunities for growth, with applications extending beyond air defense to homeland security and border surveillance.

Market Challenge

High research and development costs and successive project cancellations is a key challenge affecting the market growth. The integration of advanced defense technologies, such as the Infrared Search and Track (IRST) System, is essential for enhancing the detection capabilities of military forces. IRST systems utilize scanning heads to identify targets in real-time by detecting their infrared signatures. These compact systems offer significant advantages, including improved target identification and real-time data processing. IRST systems are an integral part of electro-optical systems, which play a crucial role in defense acquisition. The system's integration capabilities enable seamless compatibility with existing defense infrastructure. Despite their advanced features, IRST systems are designed to be cost-effective, making them an attractive option for defense forces with budget constraints.

Further, the development costs associated with defense technologies can be substantial, and the high upfront costs of new systems can pose a challenge for defense organizations. However, the long-term benefits of investing in advanced technologies, such as IRST systems, can outweigh the initial investment. By prioritizing cost-effective solutions, defense forces can maintain their competitive edge while adhering to budgetary requirements. In summary, the adoption of IRST systems offers significant benefits for defense forces, including enhanced target identification, real-time data processing, and compatibility with existing defense infrastructure. Despite the upfront costs, the long-term advantages of these systems make them a worthwhile investment for defense organizations seeking to maintain their operational readiness and strategic advantage.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Infrared Search And Track (IRST) System Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ASELSAN AS - The company offers infrared search and track IRST system that is designed for maritime platforms in order to passively detect and track multiple air and surface vehicles and missiles with its staring sensors.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • Excelitas Technologies Corp.
  • HGH Systemes Infrarouges SAS
  • Leonardo Spa
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • Rheinmetall AG
  • RTX Corp.
  • Safran SA
  • Thales Group
  • Tonbo Imaging India Pvt Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Infrared Search and Track (IRST) systems have gained significant attention in the modern defense sector due to their ability to detect and track targets using infrared radiation. These systems employ passive infrared sensors to identify thermal signatures of objects, providing tactical advantage in various applications. Airborne and maritime platforms, including missiles, drones, and military vehicles, are common users of IRST systems for aerial reconnaissance and surveillance missions. IRST systems are crucial for detecting high-speed targets that may evade traditional radar systems. They offer versatility in monitoring systems and tracking systems, making them suitable for both fixed and mobile surveillance applications.

Intelligence and security organizations rely on IRST systems for critical infrastructure protection and autonomous surveillance. The integration of artificial intelligence, image processing, and customization capabilities enhances the performance of IRST systems. Modern defense and military organizations increasingly adopt these systems for improved situational awareness, real-time data processing, and collaboration engagement in defense modernization efforts. Emerging challenges in the IRST market include advancing sensor technology, increasing demand for customization, and the integration of AI and machine learning for enhanced image processing. Overall, IRST systems play a crucial role in the military and defense sector, offering versatility, situational awareness, and critical intelligence for security applications.

Market Scope

Report Coverage

Details

Page number

139

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 2.1%

Market growth 2024-2028

USD 580 million

Market structure

Concentrated

YoY growth 2023-2024(%)

2.1

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 41%

Key countries

US, France, China, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

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.

Market dynamics

Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

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 Geography
    • 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)
    • 4.2 End-user segment analysis 2018 - 2022
      • Historic Market Size - End-user Segment 2018 - 2022 ($ million)
    • 4.3 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • 4.4 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Chart on End-user - Market share 2023-2028 (%)
      • Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Chart on Comparison by End-user
      • Data Table on Comparison by End-user
    • 6.3 Aerospace and defense - Market size and forecast 2023-2028
      • Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
      • Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
      • Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
      • Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
    • 6.4 Civil - Market size and forecast 2023-2028
      • Chart on Civil - Market size and forecast 2023-2028 ($ million)
      • Data Table on Civil - Market size and forecast 2023-2028 ($ million)
      • Chart on Civil - Year-over-year growth 2023-2028 (%)
      • Data Table on Civil - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by End-user
      • Market opportunity by End-user ($ million)
      • Data Table on Market opportunity by End-user ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Chart on Market share by geography 2023-2028 (%)
      • Data Table on Market share by geography 2023-2028 (%)
    • 8.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2023-2028
      • Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Chart on North America - Year-over-year growth 2023-2028 (%)
      • Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 8.4 Europe - Market size and forecast 2023-2028
      • Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 8.5 APAC - Market size and forecast 2023-2028
      • Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 8.6 South America - Market size and forecast 2023-2028
      • Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Chart on South America - Year-over-year growth 2023-2028 (%)
      • Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2023-2028
      • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 8.8 US - Market size and forecast 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ million)
      • Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Chart on US - Year-over-year growth 2023-2028 (%)
      • Data Table on US - Year-over-year growth 2023-2028 (%)
    • 8.9 France - Market size and forecast 2023-2028
      • Chart on France - Market size and forecast 2023-2028 ($ million)
      • Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Chart on France - Year-over-year growth 2023-2028 (%)
      • Data Table on France - Year-over-year growth 2023-2028 (%)
    • 8.10 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ million)
      • Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 8.11 Germany - Market size and forecast 2023-2028
      • Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 8.12 UK - Market size and forecast 2023-2028
      • Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Chart on UK - Year-over-year growth 2023-2028 (%)
      • Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 8.13 Market opportunity by geography
      • Market opportunity by geography ($ million)
      • Data Tables on Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Opportunity/Restraints

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 9.4 Market opportunities/restraints

          10 Competitive Landscape

          • 10.1 Overview
            • 10.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 10.3 Landscape disruption
              • Overview on factors of disruption
            • 10.4 Industry risks
              • Impact of key risks on business

            11 Competitive Analysis

            • 11.1 Companies profiled
              • Companies covered
            • 11.2 Market positioning of companies
              • Matrix on companies position and classification
            • 11.3 ASELSAN AS
              • ASELSAN AS - Overview
              • ASELSAN AS - Product / Service
              • ASELSAN AS - Key offerings
            • 11.4 HGH Systemes Infrarouges SAS
              • HGH Systemes Infrarouges SAS - Overview
              • HGH Systemes Infrarouges SAS - Product / Service
              • HGH Systemes Infrarouges SAS - Key offerings
            • 11.5 Leonardo Spa
              • Leonardo Spa - Overview
              • Leonardo Spa - Business segments
              • Leonardo Spa - Key news
              • Leonardo Spa - Key offerings
              • Leonardo Spa - Segment focus
            • 11.6 Lockheed Martin Corp.
              • Lockheed Martin Corp. - Overview
              • Lockheed Martin Corp. - Business segments
              • Lockheed Martin Corp. - Key news
              • Lockheed Martin Corp. - Key offerings
              • Lockheed Martin Corp. - Segment focus
            • 11.7 Northrop Grumman Corp.
              • Northrop Grumman Corp. - Overview
              • Northrop Grumman Corp. - Business segments
              • Northrop Grumman Corp. - Key news
              • Northrop Grumman Corp. - Key offerings
              • Northrop Grumman Corp. - Segment focus
            • 11.8 Rheinmetall AG
              • Rheinmetall AG - Overview
              • Rheinmetall AG - Business segments
              • Rheinmetall AG - Key news
              • Rheinmetall AG - Key offerings
              • Rheinmetall AG - Segment focus
            • 11.9 RTX Corp.
              • RTX Corp. - Overview
              • RTX Corp. - Business segments
              • RTX Corp. - Key news
              • RTX Corp. - Key offerings
              • RTX Corp. - Segment focus
            • 11.10 Safran SA
              • Safran SA - Overview
              • Safran SA - Business segments
              • Safran SA - Key news
              • Safran SA - Key offerings
              • Safran SA - Segment focus
            • 11.11 Thales Group
              • Thales Group - Overview
              • Thales Group - Business segments
              • Thales Group - Key news
              • Thales Group - Key offerings
              • Thales Group - Segment focus
            • 11.12 Tonbo Imaging India Pvt Ltd.
              • Tonbo Imaging India Pvt Ltd. - Overview
              • Tonbo Imaging India Pvt Ltd. - Product / Service
              • Tonbo Imaging India Pvt Ltd. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 12.4 Research methodology
                • Research methodology
              • 12.5 Data procurement
                • Information sources
              • 12.6 Data validation
                • Data validation
              • 12.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 12.8 Data synthesis
                • Data synthesis
              • 12.9 360 degree market analysis
                • 360 degree market analysis
              • 12.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Infrared Search And Track (IRST) System market growth will increase by $ 580 mn during 2024-2028 .

              The Infrared Search And Track (IRST) System market is expected to grow at a CAGR of 2.1% during 2024-2028 .

              Infrared Search And Track (IRST) System market is segmented by End-user( Aerospace and defense, Civil)

              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, Tonbo Imaging India Pvt Ltd. are a few of the key vendors in the Infrared Search And Track (IRST) System market.

              North America will register the highest growth rate of 41% among the other regions. Therefore, the Infrared Search And Track (IRST) System market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

              US, France, China, Germany, UK

              • Development of new-generation air and missile defense systemsThe development of new-generation air and missile defense systems with high-end technologies is a major threat to strategic locations and platforms is the driving factor this market.
              • such as military airbases and ships. A few of these new developments include high-speed cruise missiles and nuclear-capable ballistic missiles. Various countries are developing advanced weapons that can defeat high-end air defense systems is the driving factor this market.
              • such as the Patriot Advanced Capability-3 (PAC-3) is the driving factor this market.
              • Medium Extended Air Defense System (MEADS) is the driving factor this market.
              • and the S-400. Countries such as China is the driving factor this market.
              • India is the driving factor this market.
              • and Russia have developed hypersonic missiles that are difficult to intercept for missile shields. Russia and India have jointly developed the BrahMos missile is the driving factor this market.
              • which is difficult to intercept by older missile defense shields. Such developments have led to the requirement for new-generation high-speed air defense electronic warfare systems is the driving factor this market.
              • which will augment the application of infrared search and track IRST systems. Thus is the driving factor this market.
              • the growing application of infrared search and track (IRST) systems in new-generation air and missile defense systems defense will drive the growth of the market in focus during the forecast period. is the driving factor this market.

              The Infrared Search And Track (IRST) System market vendors should focus on grabbing business opportunities from the Aerospace and defense segment as it accounted for the largest market share in the base year.