Dublin, Nov. 03, 2023 (GLOBE NEWSWIRE) -- The "Infrared Search and Track (IRST) Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Infrared Search and Track (IRST) Systems estimated at US$6.4 Billion in the year 2022, is projected to reach a revised size of US$9.1 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.
Airborne, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$4.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Naval segment is readjusted to a revised 4.1% CAGR for the next 8-year period. 
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 4.3% CAGR
The Infrared Search and Track (IRST) Systems market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Select Competitors (Total 44 Featured) -
- Aselsan A.S.
- HGH SystEmes Infrarouges
- Leonardo SpA
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Rheinmetall AG
- Safran Group
- Thales Group
- Tonbo Imaging Private Limited
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.4 Billion |
| Forecasted Market Value (USD) by 2030 | $9.1 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Infrared Search & Track (IRST) Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/nkjmd0
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