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Infrared Search & Track System Market worth $10.78 billion by 2030, growing at a CAGR of 6.69% - Exclusive Report by 360iResearch
Infrared Search & Track System Market | 360iResearch
The Global Infrared Search & Track System Market to grow from USD 6.85 billion in 2023 to USD 10.78 billion by 2030, at a CAGR of 6.69%.
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An infrared search & track (IRST) system is an advanced targeting technology used in military and civilian applications. It detects and monitors heat signatures using infrared sensors, enabling the identification and tracking of objects without emitting radiation and ensuring stealth operations. The key drivers of the IRST system adoption include the growing demand for enhanced surveillance and targeting systems amidst an evolving threat landscape and increased military expenditures across the globe. Technological advancements in infrared technologies and the need for passive sensor systems, which are effective against radar countermeasures, contribute to market growth. Operational challenges such as difficulty discriminating targets from background clutter and the limitations in detection range under adverse weather conditions present obstacles. Additional hurdles include high system costs and technological complexities in integrating IRST systems with existing platforms. The ongoing modernization of defense systems offers significant opportunities for the IRST systems. Integrating artificial intelligence and machine learning to enhance the capability of IRST systems, coupled with the increasing adoption in unmanned platforms and civilian sectors, such as search and rescue operations, offers new avenues for growth.
Market Segmentation & Coverage:
This research report categorizes the Infrared Search & Track System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Display, Processing & Control Electronics, and Scanning Head. The Processing & Control Electronics is projected to witness significant market share during forecast period.
Based on Platform, market is studied across Airborne, Land, and Naval. The Airborne is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Aerospace & Defense and Homeland Security. The Homeland Security is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Infrared Search & Track System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Infrared Search & Track System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Infrared Search & Track System Market, highlighting leading vendors and their innovative profiles. These include ASELSAN A.S., Excelitas Technologies Corp., Grupo Oesía, Leonardo S.p.A., Lockheed Martin Corporation, Lynred, Northrop Grumman Corporation, Rheinmetall AG, Safran S.A., Thales Group, and TTP plc.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Infrared Search & Track System Market, by Component
7. Infrared Search & Track System Market, by Platform
8. Infrared Search & Track System Market, by End-User
9. Americas Infrared Search & Track System Market
10. Asia-Pacific Infrared Search & Track System Market
11. Europe, Middle East & Africa Infrared Search & Track System Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Infrared Search & Track System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Infrared Search & Track System Market?
3. What is the competitive strategic window for opportunities in the Infrared Search & Track System Market?
4. What are the technology trends and regulatory frameworks in the Infrared Search & Track System Market?
5. What is the market share of the leading vendors in the Infrared Search & Track System Market?
6. What modes and strategic moves are considered suitable for entering the Infrared Search & Track System Market?
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