Infrared Search & Track (IRST) Systems

Infrared Search & Track (IRST) Systems

Global Infrared Search & Track (IRST) Systems Market to Reach $6.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Infrared Search & Track (IRST) Systems estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$6.6 Billion by 2027, growing at aCAGR of 4.5% over the period 2020-2027. Civil, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$2.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Defense segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 4.2% CAGR

The Infrared Search & Track (IRST) Systems market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Select Competitors (Total 44 Featured) - Aselsan A.S.HGH SystEmes InfrarougesLeonardo SpALockheed Martin CorporationNorthrop Grumman CorporationRheinmetall AGSafran GroupThales GroupTonbo Imaging Private LimitedPlease note: Reports are sold as single-site single-user licenses. The delivery time for hard copies is between 3-5 business days, as each hard copy is custom printed for the organization ordering it. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.