Global IRST Market, by End-Use Industry (Defence & Military, Civil), by Component (Scanning Head, Pr

Published Date: | Report Code : AD197104

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Market Dynamics:

The IRST Market is expected to promise high growth owing to the increasing demand for implementation of the IRST system by the government in military equipment in recent years. Increasing demand from applications including military, civil law enforcement, commercial is expected to drive the growth of the IRST market. This market has witnessed a number of key developments by major companies including Lockheed Martin Corporation (U.S.), Thales Group, Safran, Rheinmetall AG, Aselsan A.S, Leonardo S.p.A and others with a focus on organic as well as inorganic growth strategies.  Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

The defense and military of every country use a wide range of advanced technologies, among which infrared search and tracking (IRST) is one of the primary technology which helps in searching, detecting and locating of an object through a screen. It detects and locates an object which emits infrared radiation. In modern military warfare, eliminating by seeking into the enemies is considered safe and keeps them on the edge which is why it is widely used in the military aircraft, navy ships etc.

In today’s world governments are increasing their budgets for the defense and military sector. Developments of military equipment are increasing due to the needs. All these factors have increased the demand for the IRST systems in the market. The use of Advance technologies in the defense area has significantly increased in countries like U.K, U.S, and Germany and so on. The development of the IRST systems has provided a better resolution and ability to track object vertically and horizontally.

Some of the key Impact Factors:

  • Growing investments by the government in the defence sector
  • Implementation of the IRST system by the government in military equipment
  • Advancement of the IRST system for better performance

Regional Analysis:

The IRST market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of key factors governing the demand for the IRST market during the forecast period. Major countries in these regions include US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. 

The Asia Pacific is estimated to be the fastest growing region with increase expenditure on defense and space research. With the presence of some of fastest growing economies including India and China, this region is projected to be a major market for IRST market during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for the IRST market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of world is an emerging market for the IRST market with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered:  Lockheed Martin Corporation (U.S.), Thales Group, Safran, Rheinmetall AG, Aselsan A.S, Leonardo S.p.A, HGH Systemes Infrarouges SAS…

Market Segmentation:

By End-Use Industry:

  • Defense & Military
  • Civil

By Components:

  • Scanning head
  • Processing & Control Electronics
  • Display

By Platform:

  • Aerospace
  • Naval
  • Land
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By End-Use Industry
    • By Components
    • By Platform
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By End-Use Industry
    • By Components
    • By Platform
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By End-Use Industry
    • By Components
    • By Platform
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By End-Use Industry
    • By Components
    • By Platform
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By End-Use Industry
    • By Components
    • By Platform
  • Rest of the World
    • By Region (South America, Africa)
    • By End-Use Industry
    • By Components
    • By Platform

Reasons to buy this report:

  • Market size estimation of IRST market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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