ID: MRFR/A&D/8668-HCR | February 2021 | Region: Global | 174 pages
Market Scenario
Global Infrared Search & Track (IRST) System Market is projected to reach USD 7.03 Billion, with a CAGR of 5.6% between 2019 and 2026. The IRST system track threats at long ranges and is widely used by civil and military end-users. IRST systems track and detect jet aircraft, UAVs, and helicopters and are land, maritime, airborne, and space-based objects that emit electromagnetic radiation.
Market Synopsis
The global infrared search & track (IRST) system market has witnessed high growth in recent years owing to the increasing need for enhanced situational awareness, increasing defense expenditure, and enhanced security and immunity over radars. However, the limited operational range of the IRST system is expected to restrain the market growth to some extent.
Market USP
Increasing need to upgrade situational awareness systems
Market Drivers
Market Restraints
Segmentation
By Platform
By End-User
By Region
Key Players
Frequently Asked Questions (FAQ) :
Global IRST Market is expected to record a substantial market valuation of USD 7.03 billion by 2026.
Global IRST Market is projected to register a moderate 5.6% CAGR in the forecast period.
The land segment is expected to observe substantial demand over the review period.
The civil segment is slated to expand as the fastest-growing segment.
A few eminent market players operating in the global IRST market are Rheinmetall AG (Germany), Safran SA (France), Thales Group (France), among others.