Infrared Search and Track (IRST) Systems - Global Strategic Business Report

Global Infrared Search and Track (IRST) Systems Market to Reach $9.1 Billion by 2030

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
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• Complimentary updates for one year