Global Infrared Search and Track (IRST) Systems Strategic Business Report 2023: Sector is Expected to Reach $9.1 Billion by 2030

Global Market for Infrared Search and Track (IRST) Systems

Dublin, Nov. 03, 2023 (GLOBE NEWSWIRE) — The “Infrared Search and Track (IRST) Systems – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Infrared Search and Track (IRST) Systems estimated at US$6.4 Billion in the year 2022, is projected to reach a revised size of US$9.1 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.

Airborne, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$4.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Naval segment is readjusted to a revised 4.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 4.3% CAGR

The Infrared Search and Track (IRST) Systems market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Select Competitors (Total 44 Featured) –

• Aselsan A.S.

• HGH SystEmes Infrarouges

• Leonardo SpA

• Lockheed Martin Corporation

• Northrop Grumman Corporation

• Rheinmetall AG

• Safran Group

• Thales Group

• Tonbo Imaging Private Limited

What’s New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies – Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

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Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• Infrared Search & Track (IRST) Systems – Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/nkjmd0

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