Market Forecast
Global Infrared Search & Track (IRST) System Market is projected to reach USD 7.03 Billion and register a CAGR of 5.6% between 2019 and 2026. The increasing need for enhanced situational awareness and enhanced security and immunity over radars are primarily driving the growth of the market. Additionally, rising defense expenditure is driving the growth of the market.
Market USP
Increasing need to upgrade situational awareness systems
Growth Opportunities in the Market
The scanning head segment is expected to grow at the highest rate: The scanning head segment is also expected to register the highest CAGR during the forecast period, 2019 to 2026. The growth can be attributed to the high utilization of scanning head in the IRST systems.
The defense segment is expected to witness the highest growth in the market: The defense segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. This is due to the increasing demand for IRST systems to improve military situational awareness.
The airborne segment accounted for the largest share in 2019: The airborne segment accounted for the largest share in 2019. This is due to the increasing use of airborne solutions for many defense applications such as intelligence, tracking, surveillance, and missiles and fire control.
The land segment is expected to register the highest CAGR during the forecast period.
The market report comprises of:
• Activities are taken to get rid of competitive barriers
• Action’s data to resolve deficient data issues
• Past acquisition strategies supported
• Past acquisition history
• Changes within the marketplace (suppliers, trends, technologies)
Access Report Details @ https://www.marketresearchfuture.com/reports/infrared-search-track-system-market-10146
Key Players
- Aselsan AS (Turkey)
- HGH Systèmes Infrarouges (France)
- Leonardo Spa (Italy)
- Lockheed Martin Corporation (US)
- Northrop Grumman Corporation (US)
- Raytheon Company (US)
- Rheinmetall AG (Germany)
- Safran SA (France)
- Thales Group (France)
- Tonbo Imaging Private Limited (India)
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Related Links@@@
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Romaian