Global Infrared Search and Track (IRST) System Market, By Component (Scanning Head, Processing & Control Electronics, Display), Platform (Airborne, Naval, Land, Others), Industry Vertical (Aerospace and Defense, Homeland Security), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Infrared Search and Track (IRST) System Market
Infrared search and track (IRST) system market will reach at an estimated value of USD 9.87 billion and grow at a rate of 5.77% in the forecast period 2021 to 2028. Rise in the need for enhanced situational awareness acts as the vital factor escalating the demand for infrared search and track (IRST) system market in the forecast period of 2021- 2028.
Infrared search and track (IRST) system is defined as a method of detecting and tracking objects that give off infrared radiation such as in jet aircraft and helicopters, and the IRTS is being extensively used in the military and defense sector for security and surveillance.
Rise in the enhanced security and immunity over radars is the major driver escalating the market growth, also increase in the need to upgrade situational awareness systems, increase in the defense expenditures and increase in the need for enhanced situational awareness are the major factors among others driving the infrared search and track (IRST) system market growth. Moreover, increase in the focus on military modernization and increase in the research and development activities in the market will further create new opportunities for the infrared search and track (IRST) system market manufacturers in the forecast period of 2021- 2028.
However, rise in the defense budget of developed countries acts as the major factor acting as restraints, and will further challenge the growth of infrared search and track (IRST) system market in the forecast period.
This infrared search and track (IRST) system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on infrared search and track (IRST) system market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Infrared Search and Track (IRST) System Market Scope and Market Size
Infrared search and track (IRST) system market is segmented on the basis of component, platform and industry vertical. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of component, infrared search and track (IRST) system market is segmented into scanning head, processing & control electronics and display.
- Based on platform, the infrared search and track (IRST) system market is segmented into airborne, naval, land and others.
- Based on industrial vertical, the infrared search and track (IRST) system market is segmented into aerospace and defense and homeland security.
Infrared Search and Track (IRST) System Market Country Level Analysis
Infrared search and track (IRST) system market is analyses and market size, volume information is provided by country, component, platform and industry vertical as referenced above.
The countries covered in infrared search and track (IRST) system market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
Europe dominates the infrared search and track (IRST) system market due to increase in the need to upgrade situational awareness systems, increase in the defense expenditures and increase in the need for enhanced situational awareness in this region.
The country section of the infrared search and track (IRST) system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Infrared Search and Track (IRST) System Market Share Analysis
Infrared search and track (IRST) system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to infrared search and track (IRST) system market.
The major players covered in the infrared search and track (IRST) system market report are ASELSAN A.S., TTP plc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Rheinmetall AG, Safran SA, Thales Group and Tonbo Imaging among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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