Infrared Search & Track (IRST) System Market Research Report - Global Forecast till 2026

Global Infrared Search & Track (IRST) System Market Research Report: Information By Component (Scanning Head, Processing & Control Electronics and Display), Platform (Land, Maritime, Airborne and Space), End User (Civil and Defense) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2026

ID: MRFR/A&D/8668-HCR | February 2021 | Region: Global | 174 Pages         

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Infrared Search & Track (IRST) System Market, by Component

1.1.2. Global Infrared Search & Track (IRST) System Market, by Platform

1.1.3. Global Infrared Search & Track (IRST) System Market, by End User

1.1.4. Global Infrared Search & Track (IRST) System Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.2.1. Increasing Need for Enhanced Situational Awareness

5.2.2. Increasing Defense Expenditure

5.2.3. Enhanced Security and Immunity Over Radars

5.2.4. Drivers Impact Analysis

5.3. Restraint

5.3.1. Limited Operational Range of IRST System

5.4. Opportunities

5.4.1. Increased Focus on Military Modernization

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Segment Rivalry

6.2.5. Bargaining Power of Suppliers

7. Global Infrared Search & Track (IRST) System Market, by Component

7.1. Introduction

7.2. Scanning Head

7.3. Processing & Control Electronics

7.4. Display

8. Global Infrared Search & Track (IRST) System Market, by Platform

8.1. Introduction

8.2. Land

8.3. Maritime

8.4. Airborne

8.5. Space

9. Global Infrared Search & Track (IRST) System Market, by End User

9.1. Introduction

9.2. Civil

9.3. Defense

10. Global Infrared Search & Track (IRST) System Market, by Region

10.1. Introduction

10.2. North America

10.2.1. US

10.2.2. Canada

10.3. Europe

10.3.1. UK

10.3.2. Germany

10.3.3. France

10.3.4. Italy

10.3.5. Rest of Europe

10.4. Asia-Pacific

10.4.1. China

10.4.2. Japan

10.4.3. India

10.4.4. Australia

10.4.5. Rest of Asia-Pacific

10.5. Middle East & Africa

10.5.1. Saudi Arabia

10.5.2. UAE

10.5.3. Rest of Middle East & Africa

10.6. Latin America

10.6.1. Brazil

10.6.2. Rest of Latin America

11. Competitive Landscape

11.1. Competitive Overview

11.2. Competitor Dashboard

11.3. Major Growth Key Strategies in the Global Infrared Search & Track (IRST) System Market

11.4. Competitive Benchmarking

11.5. Market Share Analysis

11.6. Leading Player in terms of the Number of Developments in the Global Infrared Search & Track (IRST) System Market

11.7. Key Developments & Growth Strategies

11.7.1. New Product Launch/Service Platform

11.7.2. Merger & Acquisition

11.7.3. Joint Ventures

12. Company Profiles

12.1. Key Market Players

(Company overview, financial updates, products & service offered, key developments, SWOT analysis, and key strategies to be provided for all the listed companies)

12.1.1. Aselsan AS

12.1.2. HGH Systèmes Infrarouges

12.1.3. Leonardo Spa

12.1.4. Lockheed Martin Corporation

12.1.5. Northrop Grumman Corporation

12.1.6. Raytheon Company

12.1.7. Rheinmetall AG

12.1.8. Safran SA

12.1.9. Thales Group

12.1.10. Tonbo Imaging Private Limited

13. Appendix

13.1. References

13.2. Related Reports

13.3. List of Abbreviation 

List of Tables

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 MAJOR PATENTS GRANTED FOR INFRARED SEARCH & TRACK (IRST) SYSTEM (2020-2027)

TABLE 3 COMPONENT: GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, 2020-2027 (USD MILLION)

TABLE 4 PLATFORM: GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, 2020-2027 (USD MILLION)

TABLE 5 END USER: GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, 2020-2027 (USD MILLION)

TABLE 6 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 7 NORTH AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 8 NORTH AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 9 NORTH AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 10 NORTH AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 11 US: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 12 US: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 13 US: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 14 CANADA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 15 CANADA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 16 CANADA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 17 EUROPE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 18 EUROPE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 19 EUROPE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 20 EUROPE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 21 UK: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 22 UK: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 23 UK: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 24 GERMANY: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 25 GERMANY: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 26 GERMANY: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 27 FRANCE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 28 FRANCE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 29 FRANCE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 30 ITALY: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 31 ITALY: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 32 ITALY: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 33 REST OF EUROPE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 34 REST OF EUROPE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 35 REST OF EUROPE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 36 ASIA-PACIFIC: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 37 ASIA-PACIFIC: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 38 ASIA-PACIFIC: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 39 ASIA-PACIFIC: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 40 CHINA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 41 CHINA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 42 CHINA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 43 INDIA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 44 INDIA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 45 INDIA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 46 JAPAN: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 47 JAPAN: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 48 JAPAN: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 49 AUSTRALIA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 50 AUSTRALIA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 51 AUSTRALIA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 52 REST OF ASIA-PACIFIC: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 53 REST OF ASIA-PACIFIC: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 54 REST OF ASIA-PACIFIC: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 55 MIDDLE EAST & AFRICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 56 MIDDLE EAST & AFRICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 57 MIDDLE EAST & AFRICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 58 MIDDLE EAST & AFRICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 59 SAUDI ARABIA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 60 SAUDI ARABIA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 61 SAUDI ARABIA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 62 UAE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 63 UAE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 64 UAE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 65 REST OF THE MIDDLE EAST & AFRICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 66 REST OF THE MIDDLE EAST & AFRICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 67 REST OF THE MIDDLE EAST & AFRICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 68 LATIN AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 69 LATIN AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 70 LATIN AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 71 LATIN AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 72 BRAZIL: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 73 BRAZIL: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 74 BRAZIL: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 75 REST OF LATIN AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY COMPONENT, 2020-2027 (USD MILLION)

TABLE 76 REST OF LATIN AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY PLATFORM, 2020-2027 (USD MILLION)

TABLE 77 REST OF LATIN AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET, BY FREQUENCY- BAND, 2020-2027 (USD MILLION)

TABLE 78 THE MOST ACTIVE PLAYERS IN THE GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET

TABLE 79 CONTRACTS AND AGREEMENTS

TABLE 80 MERGERS AND ACQUISITIONS

TABLE 81 PRODUCT DEVELOPMENTS

TABLE 82 EXPANSIONS AND INVESTMENTS

TABLE 83 JOINT VENTURES AND PARTNERSHIPS

 

List of Figures

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET: MARKET ATTRACTIVENESS ANALYSIS

FIGURE 3 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET ANALYSIS, BY COMPONENT

FIGURE 4 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET ANALYSIS, BY PLATFORM

FIGURE 5 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET ANALYSIS, BY END USER

FIGURE 6 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET ANALYSIS, BY REGION

FIGURE 7 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET: MARKET STRUCTURE

FIGURE 8 KEY BUYING CRITERIA FOR INFRARED SEARCH & TRACK (IRST) SYSTEM COMPONENTS

FIGURE 9 RESEARCH PROCESS OF MRFR

FIGURE 10 NORTH AMERICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 11 EUROPE: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 12 ASIA-PACIFIC: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 13 MIDDLE EAST & AFRICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 14 LATIN AMERICA: MARKET SIZE & MARKET SHARE, BY REGION, 2020 VS 2027

FIGURE 15 MARKET DYNAMICS OVERVIEW

FIGURE 16 DRIVERS IMPACT ANALYSIS: GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET

FIGURE 17 CHALLENGES IMPACT ANALYSIS: GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET

FIGURE 18 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET

FIGURE 19 SUPPLY CHAIN: GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET

FIGURE 20 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET SHARE, BY COMPONENT, 2020 (% SHARE)

FIGURE 21 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET SHARE, BY END USER, 2020 (% SHARE)

FIGURE 22 GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET SHARE, BY REGION, 2020 (% SHARE)

FIGURE 23 NORTH AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 24 EUROPE: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 25 ASIA-PACIFIC: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 26 MIDDLE EAST & AFRICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 27 LATIN AMERICA: INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 28 COMPETITOR DASHBOARD: GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET

FIGURE 29 CAPITAL MARKET RATIO AND FINANCIAL MATRIX

FIGURE 30 CONTRACTS & AGREEMENTS: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN THE GLOBAL INFRARED SEARCH & TRACK (IRST) SYSTEM MARKET

FIGURE 31 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 32 MAJOR MANUFACTURERS MARKET SHARE ANALYSIS, 2020

Infrared Search & Track (IRST) System Market

Infrared Search & Track (IRST) System Market is projected to reach USD 7.03 Billion, with a CAGR of 5.6% between 2019 and 2026.

Segmentation

By Component Scanning Head Processing & Control Electronics Display
By Platform Land Maritime Airborne Space
By End User Civil Defense

Key Players

  • Aselsan AS (Turkey)
  • HGH Systèmes Infrarouges (France)
  • Leonardo Spa (Italy)
  • Lockheed Martin Corporation (US)
  • Northrop Grumman Corporation (US)
  • Raytheon Company (US)
  • Rheinmetall AG (Germany)
  • Safran SA (France)
  • Thales Group (France) and Tonbo Imaging Private Limited (India)

Drivers

  • Increasing Defense Expenditures
  • Increasing Need for Enhanced Situational Awareness
  • Enhanced Security and Immunity Over Radars
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Infrared Search & Track (IRST) System Market


Market Overview 


Infrared Search & Track (IRST) System Market is projected to reach USD 7.03 Billion, with a CAGR of 5.6% between 2020 and 2026.


The advancement in technology has gone far beyond any limitations. The improvement and search of new technological development are still finding their way in different fields, and the upgradation of technology is growing day by day at great speed. The IRST system is one of the advanced solutions used worldwide in various fields. It is a method of detecting and tracking objects that give off infrared radiation.


The rise of this advanced solution is boosting the Infrared Search & Track (IRST) System Market Growth. IRST system is used to detect which emits electromagnetic radiation. It is helpful to detect jet aircraft, UAVs, helicopters, and space-based objects. Military operations and missions largely drive the Infrared Search & Track (IRST) System Market. The IRST systems can easily detect any electromagnetic radiation emitted from the rival side; therefore, the military organizations use the IRST system. The rise of terrorist attacks from different regions worldwide lets the Infrared Search & Track (IRST) System Market grow at the global level.


These advanced systems can detect any radiating object from the terrorist side and help the military prevent attacks. The investment for defence activities worldwide to protect the public is driving the market’s growth. The rise in need of aircraft, jets, private choppers, and helicopters is even accelerating the demand for IRST systems.


Different developing and developed countries adopt the IRST systems, especially in the military and defence sectors. The key players are playing prominent roles in upgrading the features of the IRST systems to meet its demand in the market. The advanced form of terrorist attacks demands the development of more improved firm of IRST solutions to detect suspicious attacks and objects. To meet the demand, the players are innovating the features of their services. The major growth factors of the market, for example, the high demand for enhanced security and immunity systems over radars, are accelerating the Infrared Search & Track (IRST) System Market Growth


The IRST systems have been noticed to have various advantages in defence and the military. Therefore, the government is even supporting the development of IRST solutions. The Infrared Search & Track (IRST) System Market Forecast is estimated to reach a value worth USD 7.03 Billion with a CAGR of 5.6% during the evaluation period.


COVID-19 Analysis


The coronavirus outbreak has been a tough period for almost every industrial sector throughout the world. The Infrared Search & Track (IRST) System Market Forecast has even faced revenue loss and other financial crises during the pandemic period. The strict lockdown rules have negatively impacted the market because the supply chain and other operational processes were hampered. But the government's support for adopting the IRST system and solutions in the defence field has stabilized the market’s growth. Amid the COVID-19 pandemic, the Infrared Search & Track (IRST) System Market Value reached its projected CAGR during the forecast period.


Chief Factors Existing In The Market


Key Market Drivers


There are many chief drivers of the Infrared Search & Track (IRST) System Market driving the market at the global level. The increase in defence expenditures boosts the demand for advanced IRST systems and solutions. There are even other major drivers of the market, such as enhanced situational awareness among the public and advanced security and immunity over radars. These factors are promoting the growth of the market.


Market Challenges


The Infrared Search & Track (IRST) System Market faces marketing challenges during the growth period. The lack of availability of advanced materials is challenging the market at the global level. The market players are trying their best to face these challenges and overcome them.


Market Opportunities


The Infrared Search & Track (IRST) System Market is receiving worldwide opportunities; the usage of ISRT systems in various fields is helping the market to get huge demand. The increase in the need to upgrade situational awareness systems sets huge opportunities for the market.


Restraints


The Infrared Search & Track (IRST) System Market Outlook is affected by some restraining factors, slowing down the market's growth rate. One of the major restraining factors of the market is the limited operational range of the IRST system, limiting the market's growth range.


Cumulative Evaluation Of The Market


The cumulative evaluation of the Infrared Search & Track (IRST) System Market Value shows that the market will reach its value and estimated CAGR by continuing its significant growth. The major drivers of the market are helping to boost up the market’s growth. The market is facing challenging and restraining factors affecting the growth rate, but the key players are implementing various strategies to overcome these factors. The various Infrared Search & Track (IRST) System Market opportunities from different regions will allow the market to compete globally.


Market Segmentation


The Infrared Search & Track (IRST) System Market Size is segmented into major segments: platform, component, and end-user.


By Platform


The Infrared Search & Track (IRST) System Market is sub-segmented into Land, maritime, airborne, and space-based on the platform segment. The land segment to project highest CAGR during the evaluation period because of land-based ISRT systems in the military organizations and surveillance agencies to search and track suspected objects.


The maritime segment will witness the highest growth rate because of the higher demand for the IRST system globally in various countries. In 2019, the airborne segment dominated the Infrared Search & Track (IRST) System Market Share due to unmanned aerial vehicles, UAVs, and helicopters. The space segment is estimated to project a steady growth rate during the forecast period because of the rise in demand for space-based IRST systems in military organizations.


By Component


The Infrared Search & Track (IRST) System Market is sub-segmented into Scanning Head, Processing & Control Electronics, and Display in the component segment.


 By End-User


In the End-User segment, the Infrared Search & Track (IRST) System Market Size is categorized into civil and Defense segments. The civil segment is projected to reach the highest CAGR due to the high demand for IRST solutions for civil aircraft worldwide. In recent years, the defence segment accounted for the largest share in the Infrared Search & Track (IRST) System Market Share due to the need for IRST solutions for tracking and detecting suspected objects by military missions. 


 Regional Analysis


The Infrared Search & Track (IRST) System Market Analysis is geographically distributed into various regions worldwide, such as North America, Europe, Asia Pacific, Middle East, East & Africa, and Latin Africa. Among all the above geographical regions, North American dominates the Infrared Search & Track (IRST) System Market due to prominent players in the region.


The demand for the IRST system to boost high in the European region due to the increase in adoption of advanced systems in the military field. The Asia Pacific is even expected to reach a high CAGR in the evaluation period due to increase in defence expenditure and the rise in terrorist attacks in the regions such as India, China, Indonesia, and Australia, which is largely driving the Infrared Search & Track (IRST) System Market. An increase in defence expenditures in the Middle East & Africa regions is boosting the market. The rise in the need for UAVs for intelligence gathering for drug trafficking and rebel groups is driving the Infrared Search & Track (IRST) System Market in the Latin America region.


Competitive Intensity In The Industry


The chief players of the Infrared Search & Track (IRST) System Market are responsible for driving the market at the global level. They play prominent role help the market to reach the estimated CAGR in the review period. The chief players of the market are listed below:



  • Aselsan AS (Turkey)

  • HGH SystèmesInfrarouges (France)

  • Leonardo Spa (Italy)

  • Lockheed Martin Corporation (US)

  • Northrop Grumman Corporation (US)

  • Raytheon Company (US)

  • Rheinmetall AG (Germany)

  • Safran SA (France)

  • Thales Group (France)

  • Tonbo Imaging Private Limited (India)


 Recent Market Developments


Swedish Defense and Aerospace Company (Saab) will release the new E-Series Gripen Fighter Jets to the Czech Air Force as a lease for the C/D Series is expiring soon.


India’s new super fighter Tejas Mk-2 has become one of the top 4 Light Combat Aircraft worldwide along with ‘IDOL’ Saab Gripen.


According to recent reports, the Air Force is demanding up to 400 advanced fighter trainers aircraft to train the pilots.


Report Overview


The overview of the Infrared Search & Track (IRST) System Market Analysis report states that the market has shown a consistent growth rate since recent years, and it will continue its growth consistency in the upcoming years to reach a good CAGR. The various segments of the market are accelerating the growth of the Infrared Search & Track (IRST) System Market through its services worldwide. The key drivers in different geographical regions are boosting the regional market, helping the Infrared Search & Track (IRST) System Market Outlook emerge in the global competition.


Key Industrial Segments


By Component



  • Scanning Head

  • Processing & Control Electronics 

  • Display


By Platform



  • Land

  • Maritime

  • Airborne

  • Space


By End-User



  • Civil

  • Defense



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 7.03 Billion
  CAGR   5.6% (2020-2026)
  Base Year   2019
  Forecast Period   2020-2026
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Platform and End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Aselsan AS (Turkey), HGH Systèmes Infrarouges (France), Leonardo Spa (Italy), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Rheinmetall AG (Germany), Safran SA (France), Thales Group (France) and Tonbo Imaging Private Limited (India)
  Key Market Opportunities   Increasing need to upgrade situational awareness systems
  Key Market Drivers

  • Increasing Defense Expenditures
  • Increasing Need for Enhanced Situational Awareness
  • Enhanced Security and Immunity Over Radars


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    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.