South Korea Infrared Search and Track (IRST) System Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The Infrared Search and Track (IRST) system market in South Korea is witnessing significant growth due to the rising demand for advanced defense technologies. These systems are integral for modern military applications, particularly in air defense, where they are used to detect and track airborne threats. The market is rapidly evolving, driven by advancements in infrared technology and an increasing need for surveillance systems that can operate in all weather conditions and without emitting detectable signals. This makes the IRST system highly valuable in covert operations and tactical military environments.
South Korea, with its robust defense industry, has become a key player in the global Infrared Search and Track (IRST) system market. The country's military modernization efforts have spurred the demand for more sophisticated infrared systems, capable of providing real-time tracking of enemy aircraft, missiles, and even drones. The South Korean military is particularly focused on the development and deployment of IRST systems to enhance the capabilities of its fighter jets, naval vessels, and ground-based defense platforms.
One of the primary drivers for the South Korean IRST market is the increasing need for non-radar tracking systems. Radar systems, while effective, can be easily detected by enemy forces, giving away the position of the operator. In contrast, IRST systems rely on passive infrared sensors, which do not emit any signals and are difficult to detect. This feature is particularly important in combat situations where stealth and surprise are critical.
Industries across South Korea, ranging from aerospace to defense contractors, are heavily investing in the development of IRST systems. Companies such as Hanwha Systems and LIG Nex1 are pioneering in this field, producing cutting-edge infrared technologies that meet both military and commercial requirements. These systems are designed to be integrated into fighter jets like the F-35 and various naval platforms, where they play a crucial role in threat identification and targeting.
The growing adoption of unmanned aerial vehicles (UAVs) is also driving the IRST market in South Korea. These systems offer an efficient way to track multiple UAVs simultaneously, ensuring greater situational awareness for operators. As threats in the air become more diverse, the demand for advanced IRST systems that can adapt to new and evolving technologies will continue to rise.
In addition to the military sector, industries such as aviation and public safety are beginning to explore the benefits of infrared search and tracking technologies. These systems can be utilized in applications like border patrol, search-and-rescue operations, and even in commercial air traffic control to enhance safety and surveillance in challenging environments.
The future of the Infrared Search and Track (IRST) system market in South Korea looks promising. With constant advancements in infrared technology and the increasing need for sophisticated detection and tracking systems, the demand for IRST systems is expected to grow rapidly in the coming years. South Korea’s investment in defense technology and its push for modernization will continue to play a pivotal role in the global expansion of the IRST market.
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Leonardo
Thales Group
Rheinmetall AG
Lockheed Martin Corporation
Northrop Grumman Corporation
Aselsan A.S
HGH Systmes Infrarouges SAS
Safran
Tonbo Imaging Private Limited
Hughes Network Systems LLC
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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 South Korea Infrared Search and Track (IRST) System Market
Airborne IRST Systems
Naval IRST Systems
Land-based IRST Systems
Weapon Systems Integrated with IRST
Ground Vehicles with IRST Capabilities
Dual-band Systems
Multi-spectral Systems
High-definition Imaging Systems
Advanced Signal Processing Technologies
Passive Infrared Sensors
Military Surveillance and Reconnaissance
Target Acquisition
Air Defense Systems
Maritime Operations
Border Security and Patrol
Defense Organizations
Aerospace and Defense Contractors
Government Agencies
Research Institutions
Private Security Firms
Standalone Systems
Integrated Systems with Other Sensors
Network-centric Solutions
Advanced C4ISR Integration
Data Fusion Environments
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Infrared Search and Track (IRST) System 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. South Korea Infrared Search and Track (IRST) System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Infrared Search and Track (IRST) System Market, By Type
6. South Korea Infrared Search and Track (IRST) System Market, By Application
7. South Korea Infrared Search and Track (IRST) System Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Infrared Search and Track (IRST) System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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