Airborne Infrared Search and Track System Market size was valued at USD 2.45 Billion in 2024 and is forecasted to grow at a CAGR of 8.2% from 2026 to 2033, reaching USD 4.87 Billion by 2033.
The global Airborne Infrared Search and Track System market was valued at approximately USD 5.7 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 6.5% from 2023 to 2030. This growth is attributed to the increasing demand for advanced defense technologies, especially in military aircraft for surveillance and target acquisition. The market is expected to reach a size of about USD 10.2 billion by 2030. The adoption of infrared systems in military platforms across regions, especially in the defense and aerospace sectors, is fueling this demand, with the technology proving to be a critical asset for ensuring security and situational awareness. Furthermore, the increasing focus on upgrading and modernizing defense systems across various countries is expected to drive significant market growth over the forecast period.
In terms of regional analysis, North America held the largest market share in 2022, accounting for approximately 40% of the total market revenue, driven by significant investments in defense technologies and the presence of advanced military platforms. Europe followed closely, with a market share of around 30%, driven by ongoing modernization initiatives in several European countries. The Asia Pacific region is expected to witness the highest CAGR during the forecast period, growing at an estimated rate of 8%, primarily due to the growing defense budgets of countries such as China and India. The Middle East and Africa are also anticipated to grow at a moderate rate, driven by the increasing demand for surveillance systems in the region’s military operations.
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Lockheed Martin Corporation
Leonardo SpA
Safran
Thales Group
Aselsan
HGH Systèmes Infrarouges
Rheinmetall
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. 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 Airborne Infrared Search and Track System Market
Fixed-Wing Aircraft
Rotary-Wing Aircraft
Unmanned Aerial Vehicles (UAVs)
Ground-Based Platforms
Military Surveillance
Search and Rescue Operations
Border Security
Wildfire Detection
Humanitarian Aid
Passive Infrared Systems
Active Infrared Systems
Multi-Spectral Systems
Hyperspectral Imaging Systems
Infrared Sensors
Optical Systems
Data Processing Units
Display & Control Units
Software Solutions
Defense Organizations
Aerospace & Defense Contractors
Government Agencies
Research Institutions
Commercial Enterprises
US (United States, US 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 Airborne Infrared Search and Track 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. Global Airborne Infrared Search and Track System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Airborne Infrared Search and Track System Market, By Type
6. Global Airborne Infrared Search and Track System Market, By Application
7. Global Airborne Infrared Search and Track System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Airborne Infrared Search and Track System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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