PUBLISHER: TechNavio | PRODUCT CODE: 1580855
PUBLISHER: TechNavio | PRODUCT CODE: 1580855
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.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 2.1% |
CAGR | 2.1% |
Incremental Value | $580 mn |
Technavio's infrared search and track (IRST) system market is segmented as below:
By End-user
By Geographical Landscape
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:
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.
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