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Infrared Search & Track System Market by End User, Component, Platform and Region - Global Forecast to 2022

Infrared Search & Track System Market: Global Forecast until 2022

  • May 2017
  • 124 pages
  • ID: 4930597
In this report:
It is highly dependent on the U.S. government contracts for development, production, and support activities and generates ## percent of its revenue through contracts.
The IRST system market in Asia-Pacific is expected to grow at the highest CAGR of ##.##% during the forecast period.
Countries in Asia-Pacific are expected to be accounted for ##% increase in defense acquisition, and research and development by 2020.

Summary

Table of Contents

Search Inside

The Infrared Search & Track system market is estimated to rise at a compound annual growth rate of ~5.9 percent during the forecast period

The IRST system market is forecasted to grow from an estimated ~$4.5B in 2017 to ~$5.9B by 2021, at a compound annual growth rate of ~5.9 percent between 2017 and 2022. Growing need for enhanced situational awareness and enhanced security and immunity over radars is predicted to push the market in the next years.

Established on platform, the airborne segment is forecasted to be the biggest segment of the market in 2017

Established on platform, the airborne segment is expected to be the most important segment of the IRST system market in 2017. The increase is assigned to the increased modernization of defense aircraft and requirement of systems which can go beyond stealth technology to enable detection of stealth aircraft, has led to an growth in the sector demand for the IRST system.

Established on final user, the defense segment is projected to be the biggest segment of the market in 2017

Established on systems, the defense segment is envisaged to be the most important segment of the IRST system market in 2017. An rising number of aircraft modernization programs, growing procurement of military equipment, and increase in defense budgets globally are the top factors anticipated to propel the market demand for IRST system

Established on components, the scanning head segment is planned to be the biggest segment of the market in 2017

Established on components, the scanning head segment is intended to be the most important segment of the IRST system market in 2017. The rise is assigned to the importance of infrared search and tracking as well as the modernization of systems used in warfare. The defense sector is undergoing main transformations, and numerous technological advancements have been undertaken by market actors in order to cater to the needs of the defense forces. The increase in terrorism and cross-border disputes are some of the main factors fueling the industry demand for IRST systems.

Europe (EU) is forecasted to be the biggest market for IRST system in 2017 Europe is estimated to result the IRST system market in 2017, and Russian Federation leads the sector in EU. Factors responsible for this leading position of Europe are the defense aircraft modernization programs, and growing demand for situational awareness. Russian Federation is predicted to push the European IRST system market.

Distribution of profile of primary members taking part for this industry report:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, Tier 3 - 20.0 percent

• By Description: C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

• By Area: North America (NA) - 45.0 percent, Europe (EU) - 20.0 percent, APAC - 30.0 percent, RoW - 5.0 percent

Some of the main actors operating in the IRST system market contain Thales (HO), Safran S.A., Rheinmetall AG., Aselsan A.S., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, and HGH Systemes Infrarouges SAS, among others.

Segment Research

The study segments the IRST system market based on platform (airborne, naval, land and others), end-user, and component (scanning head, processing unit, control & display unit) and map these segments and sub-segments across main regions global, that is, North America continent, EU, Asia-Pac, and RoW. The market research offers detailed market intelligence regarding market dynamics and top factors that influence the increase of the IRST system market (drivers, business restraints, alternatives, and market-specific challenges), together with analyzing micromarkets with respect to individual developments trends, future perspectives, and their contribution to the IRST system market.

Why Purchasing This Study Can Help You:

From an insight prospect, the IRST system market report highlights on several levels of analyses - industry study, market share research of top players, and company descriptions, which together comprise and examine basic views on the competitive landscape, high-growth areas, and territories, and their specific regulatory policies, drivers, industry restraints, and possibilities.

The IRST system market report offers business insights on these pointers:

• business entry: Exhaustive information concerning the competitive landscape in the IRST system market

• Market Sizing: Market value in the financial year 2015-2016 and projection of the market size between 2017 and 2022

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the IRST system market

• Market Overview: Market forces and subsequent study of associated trends, drivers, market restraints, and alternatives prevailing in the IRST system market

• Market Development: Highlighted information about lucrative industries by analyzing sectors for the IRST system across several areas

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the IRST system market

• Regional Review: Factors influencing the market shares of North America, Europe (EU), Asia Pacific (APAC), and the Rest of the globe

• opposing assessment: Detailed assessment of strategies, products, and manufacturing capabilities of leading market actors

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