Infrared Search and Track(IRST) Equipment Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 3.1 Billion by 2030, growing at a CAGR of 12.0% from 2024 to 2030.
From 2018 to 2022, the IRST equipment market saw remarkable advancements in both technology and application, with countries investing heavily in upgrading their defense infrastructure. The shift towards integrating IRST systems with other sensor technologies, such as radar and electronic warfare equipment, has further boosted market growth. With nations increasingly focusing on the development of stealth aircraft, the demand for IRST systems capable of detecting and tracking low-observable targets has intensified. This shift in military needs has driven investments in the development of new, more efficient IRST technologies capable of offering real-time, precise targeting capabilities.
As we look to the future, from 2023 to 2033, the demand for IRST equipment is expected to rise even further. The global defense market is evolving, with increased military spending across emerging economies and developed nations. Enhanced situational awareness, stealth detection, and multi-platform integration are anticipated to be crucial drivers for the IRST equipment market. Additionally, the rise in asymmetric warfare and counter-terrorism operations is expected to create new opportunities for IRST solutions, as these systems provide an edge in detecting hidden or moving targets in challenging environments. The ongoing need for air superiority, especially in the face of evolving threats such as hypersonic missiles and advanced fighter jets, will likely sustain demand for these technologies through 2033.
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The Infrared Search and Track (IRST) Equipment Market experienced significant growth from 2018 to 2022, driven by increasing demand for advanced military and defense technologies. IRST systems play a critical role in detecting and tracking targets without relying on radar systems, making them ideal for operations in environments where radar may be ineffective or detectable. These systems are used extensively in air defense, naval systems, and ground-based operations, contributing to the surge in demand for IRST technologies. The global military expenditure and the heightened focus on enhancing military capabilities, especially in air and naval sectors, have propelled the demand for high-performance IRST equipment during this period.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Infrared Search and Track(IRST) Equipment Market
Defense
Civil
Based on Types the Market is categorized into Below types that held the largest Infrared Search and Track(IRST) Equipment market share In 2023.
Airborne Infrared Search and Track(IRST) Equipment
Naval Infrared Search and Track(IRST) Equipment
Land Infrared Search and Track(IRST) Equipment
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Infrared Search and Track(IRST) Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Infrared Search and Track(IRST) Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Infrared Search and Track(IRST) Equipment Market, By Type
6. Global Infrared Search and Track(IRST) Equipment Market, By Application
7. Global Infrared Search and Track(IRST) Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Infrared Search and Track(IRST) Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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