Market Overview:
The global infrared search and track (IRST) equipment market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to reach US$ 5,711.5 Mn by 2030, registering a CAGR of 10.9% from 2018 to 2030. The airborne infrared search and track (IRST) equipment segment is expected to account for the largest share of the global IRST equipment market in terms of revenue in 2018. The land-based infrared search.
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Product Definition:
IRST is a device that allows an aircraft to detect and track objects using infrared radiation. It is important for military aircraft because it can allow them to track enemy targets without being seen.
Airborne Infrared Search and Track(IRST) Equipment:
Airborne infrared search and track (IRST) equipment is a new-generation device, which can be used for long-range detection of both air and ground targets. It uses a combination of two techniques: Airborne Laser Mine Detection (ALMD) technique and the Infrared Search And Track (IRST). The major advantage of using IRST over other mine detection technologies is that it does not require prior mined area knowledge or expensive pre-placement survey.
Naval Infrared Search and Track(IRST) Equipment:
Naval infrared search and track (IRST) equipment is used to detect and identify targets in complete darkness. It uses a special kind of light called infrared radiation, which can penetrate clouds and smoke screens to give a clear view of the enemy ships. The naval IRST system consists of two components: an optical instrument assembly, which is mounted on the ship’s deck; and an operations control unit, which is located onshore.
Application Insights:
The defense segment dominated the global infrared search and track equipment market in 2017, accounting for a share of over 60.0% in terms of revenue. The growth can be attributed to the growing adoption of such systems by several countries around the world owing to its capability to enhance battlefield awareness and precision targeting. Moreover, governments are increasingly spending on advanced IRST systems as an effective replacement for conventional radar systems due to their increased operational efficiency at a lower cost.
Civil applications include air traffic control, firefighting, oil & gas exploration and maritime navigation among others which use IR detection devices for various purposes including airport security monitoring and forest fire monitoring & detection. Growing adoption across civil applications is expected to positively impact industry growth over the forecast period as these applications do not require high accuracy levels but rather only require devices that are capable of detecting objects with temperatures up to 2200°C (4606°F).
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to a rise in defense spending by countries such as the U.S., Canada, and Mexico. Moreover, these nations are also investing heavily in developing advanced aircraft with better performance characteristics than previous models.
The Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising military expenditure by China and India on account of growing geopolitical tensions within their respective regions as well as across other regions including Australia and Southeast Asian countries like Indonesia, Thailand, Philippines, etc.
Growth Factors:
- Increasing demand for advanced security and surveillance systems in the military and defense sector is expected to drive the growth of infrared search and track (IRST) equipment market.
- The increasing use of IRST equipment in unmanned aerial vehicles (UAVs) is another major factor that is expected to fuel the growth of this market during the forecast period.
- Growing demand for thermal imaging systems in various industrial applications is also projected to boost the growth of infrared search and track (IRST) equipment market during the forecast period.
- The increasing adoption of IRST technology by commercial aircraft manufacturers for enhanced safety and security purposes is also anticipated to propel the growth of this market over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Infrared Search and Track(IRST) Equipment Market Research Report
By Type
Airborne Infrared Search and Track(IRST) Equipment, Naval Infrared Search and Track(IRST) Equipment, Land Infrared Search and Track(IRST) Equipment
By Application
Defense, Civil
By Companies
Lockheed Martin Corporation, Thales Group, Safran S.A., Rheinmetall AG., Leonardo S.p.A., Northrop Grumman Corporation, HGH Systemes Infrarouges SAS, Rheinmetall AG., Aselsan A.S, The Boeing Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Infrared Search and Track(IRST) Equipment Market Report Segments:
The global Infrared Search and Track(IRST) Equipment market is segmented on the basis of:
Types
Airborne Infrared Search and Track(IRST) Equipment, Naval Infrared Search and Track(IRST) Equipment, Land Infrared Search and Track(IRST) Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Civil
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lockheed Martin Corporation
- Thales Group
- Safran S.A.
- Rheinmetall AG.
- Leonardo S.p.A.
- Northrop Grumman Corporation
- HGH Systemes Infrarouges SAS
- Rheinmetall AG.
- Aselsan A.S
- The Boeing Company
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Highlights of The Infrared Search and Track(IRST) Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Airborne Infrared Search and Track(IRST) Equipment
- Naval Infrared Search and Track(IRST) Equipment
- Land Infrared Search and Track(IRST) Equipment
- By Application:
- Defense
- Civil
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Infrared Search and Track(IRST) Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Infrared Search and Track (IRST) equipment is a sensor system that can detect and track objects in the infrared spectrum. IRST systems are used on military aircraft, missiles, and satellites to locate targets.
Some of the key players operating in the infrared search and track(irst) equipment market are Lockheed Martin Corporation, Thales Group, Safran S.A., Rheinmetall AG., Leonardo S.p.A., Northrop Grumman Corporation, HGH Systemes Infrarouges SAS, Rheinmetall AG., Aselsan A.S, The Boeing Company.
The infrared search and track(irst) equipment market is expected to register a CAGR of 10.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Infrared Search and Track(IRST) Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Infrared Search and Track(IRST) Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Infrared Search and Track(IRST) Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Infrared Search and Track(IRST) Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Infrared Search and Track(IRST) Equipment Market Size & Forecast, 2018-2028
4.5.1 Infrared Search and Track(IRST) Equipment Market Size and Y-o-Y Growth
4.5.2 Infrared Search and Track(IRST) Equipment Market Absolute $ Opportunity
Chapter 5 Global Infrared Search and Track(IRST) Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Infrared Search and Track(IRST) Equipment Market Size Forecast by Type
5.2.1 Airborne Infrared Search and Track(IRST) Equipment
5.2.2 Naval Infrared Search and Track(IRST) Equipment
5.2.3 Land Infrared Search and Track(IRST) Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Infrared Search and Track(IRST) Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Infrared Search and Track(IRST) Equipment Market Size Forecast by Applications
6.2.1 Defense
6.2.2 Civil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Infrared Search and Track(IRST) Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Infrared Search and Track(IRST) Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Infrared Search and Track(IRST) Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Infrared Search and Track(IRST) Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Infrared Search and Track(IRST) Equipment Market Size Forecast by Type
9.6.1 Airborne Infrared Search and Track(IRST) Equipment
9.6.2 Naval Infrared Search and Track(IRST) Equipment
9.6.3 Land Infrared Search and Track(IRST) Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Infrared Search and Track(IRST) Equipment Market Size Forecast by Applications
9.10.1 Defense
9.10.2 Civil
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Infrared Search and Track(IRST) Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Infrared Search and Track(IRST) Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Infrared Search and Track(IRST) Equipment Market Size Forecast by Type
10.6.1 Airborne Infrared Search and Track(IRST) Equipment
10.6.2 Naval Infrared Search and Track(IRST) Equipment
10.6.3 Land Infrared Search and Track(IRST) Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Infrared Search and Track(IRST) Equipment Market Size Forecast by Applications
10.10.1 Defense
10.10.2 Civil
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Infrared Search and Track(IRST) Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Infrared Search and Track(IRST) Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Infrared Search and Track(IRST) Equipment Market Size Forecast by Type
11.6.1 Airborne Infrared Search and Track(IRST) Equipment
11.6.2 Naval Infrared Search and Track(IRST) Equipment
11.6.3 Land Infrared Search and Track(IRST) Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Infrared Search and Track(IRST) Equipment Market Size Forecast by Applications
11.10.1 Defense
11.10.2 Civil
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Infrared Search and Track(IRST) Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Infrared Search and Track(IRST) Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Infrared Search and Track(IRST) Equipment Market Size Forecast by Type
12.6.1 Airborne Infrared Search and Track(IRST) Equipment
12.6.2 Naval Infrared Search and Track(IRST) Equipment
12.6.3 Land Infrared Search and Track(IRST) Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Infrared Search and Track(IRST) Equipment Market Size Forecast by Applications
12.10.1 Defense
12.10.2 Civil
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Infrared Search and Track(IRST) Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Infrared Search and Track(IRST) Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Infrared Search and Track(IRST) Equipment Market Size Forecast by Type
13.6.1 Airborne Infrared Search and Track(IRST) Equipment
13.6.2 Naval Infrared Search and Track(IRST) Equipment
13.6.3 Land Infrared Search and Track(IRST) Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Infrared Search and Track(IRST) Equipment Market Size Forecast by Applications
13.10.1 Defense
13.10.2 Civil
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Infrared Search and Track(IRST) Equipment Market: Competitive Dashboard
14.2 Global Infrared Search and Track(IRST) Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lockheed Martin Corporation
14.3.2 Thales Group
14.3.3 Safran S.A.
14.3.4 Rheinmetall AG.
14.3.5 Leonardo S.p.A.
14.3.6 Northrop Grumman Corporation
14.3.7 HGH Systemes Infrarouges SAS
14.3.8 Rheinmetall AG.
14.3.9 Aselsan A.S
14.3.10 The Boeing Company
