Global Infrared Search and Track (IRST) System Market Is Predicted to Grow Around USD 9,067.36 Million By 2030

19-Apr-2023 | Zion Market Research

Global Infrared Search and Track (IRST) System Market Is Likely To Grow At A CAGR Value Of Around 5.56% By 2030

The global infrared search and track (IRST) system market size was worth around USD 5,957.10 Million in 2022 and is predicted to grow to around USD 9,067.36 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.56% between 2023 and 2030.

Global Infrared Search and Track (IRST) System Market Size

The infrared search and track (IRST) system industry refers to the production and sale of infrared search and track (IRST) that are used in aerospace and military systems. These devices used infrared sensors to detect and track a target. They are designed to enable enhanced targeting capabilities and situational awareness, especially in situations where traditional radar-based technology and systems may not work efficiently. The IRST system consists of a scanning head that is responsible for detecting and tracking infrared emissions from targets.

They are also associated with the processing and control units that are required to manage the input data and provide real-time situational awareness to the user. IRST devices can be used on different platforms including naval vessels, aircraft, helicopters, and ground vehicles. Several political and commercial factors are responsible for the industry's growth while it tackles certain growth restraints and challenges.

The global infrared search and track (IRST) system market is projected to grow owing to the increased spending by governments on improving defense and military technologies. As the defense sectors worldwide seek to enhance situational awareness on various platforms like maritime, on the ground, or in space, they are expected to invest higher in modern-age technologies like IRST systems.

Furthermore, the increasing development in the field of advanced infrared sensor technologies could result in higher efficiency and effectiveness of the existing IRST devices. Some of the areas currently being worked on include long-wave and mid-wave sensors. They offer enhanced performance in challenging environments and improved detection ranges. In addition to this, the changing political scenario of the modern world and the widely unpredictable power dynamics of various nations have led to increased demand for regional surveillance and targeting systems as regional tensions are on the rise. The industry itself is witnessing massive changes in terms of technological advancements toward IRST system integration which may drive market growth.

One of the key growth restraints in the infrared search and track (IRST) system industry is in terms of technological challenges that exist around the IRST system. Issues related to sensor sensitivity, range, and false alarms are some of the most common problems faced by users and it required assistance from technical experts to resolve these complex situations. They can also greatly limit the effectiveness of the technology making it less reliable in difficult situations. Furthermore, the growing control over export and other regulations poses a significant roadblock during the forecast period since the international rate in the industry is highly regulated.

Global Infrared Search and Track (IRST) System Market

The integration with other advanced systems may provide growth opportunities while the weather condition sensitivity could challenge market growth.

The global infrared search and track (IRST) system market is segmented based on platform, component, end-user, and region.

Based on platform, the global market segments are maritime, airborne, land, and space. In 2022, the industry witnessed the highest growth in the airborne segment since the largest consumers of the IRST system are fighter jets and surveillance aircraft. These airborne equipment require a higher degree of situation awareness for detecting and tracking targets mostly in complex environments. The maritime segment is another significant contributor in the industry as the marine vessels use it to detect any threat in the vast expanse of sea and ocean including small boats or low-flying missiles. In the Fiscal Year (FY) 2022 budget request, the Department of Defense (DoD) requested a total of USD 156.3 billion for the Air Force.

Based on component, the infrared search and track (IRST) system industry  segments are display, scanning head, and process & control electronics. In 2022, the highest revenue was observed in the scanning head segment since it is the most expensive component of the entire IRST system since it is equipped with advanced optics and infrared detector arrays that are essential for tracking the object. The display and process & control electronics segments are also crucial to the segmental growth. They are responsible for processing and analyzing the data provided by the scanning head segment. However, they are less expensive as compared to the other components. The mid-wave infrared range ranges between 3 to 5 microns (μm) in length.

Based on end-user, the global market segments are defense and civil.

The global infrared search and track (IRST) system market is expected to witness the highest growth in North America due to several factors. The US may lead with the highest growth rate. One of the key reasons for growth is the ongoing research & development by the US government to integrate IRST systems with other advanced technologies and carriers. For instance, the recent announcement by the US to include IRST systems in its range of F-22 raptor fight jets. Additionally, the robust military infrastructure is another crucial growth factor for regional growth.

The country's government is also focusing on the affordability of the systems so that it can export them to other countries and improve trade relations. In Asia-Pacific, India, Russia, Iran, and China may lead regional growth due to the growing investment toward improving military efficiency while the nations prepare for the coming years in which political dynamics are expected to change.

This review is based on a report by Zion Market Research, titled Infrared Search and Track (IRST) System Market By Platform (Maritime, Airborne, Land, and Space ), By Component (Display, Scanning Head, and Processing & Control Electronics), By End-User (Defense and Civil), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/global-infrared-search-and-track-system-market

Recent Developments:

  • In October 2022, the US government announced that it has completed the initial flight testing of Lockheed Martin-designed TacIRST. The sensor was installed on F-5 Advanced Tiger aggressor jets
  • In April 2022, Hindustan Aeronautics Limited (HUL) and Bharat Electronics Limited (BEL) announced a strategic partnership for the development and production of a range of dual-band Infra-Red Search and Track System especially for the country’s Su-30 MKI fighter aircraft.

The global infrared search and track (IRST) system market is led by players like:

  • AIM Infrarot-Module GmbH
  • Lockheed Martin
  • Safran Electronics & Defense
  • Raytheon Technologies
  • FLIR Systems Inc.
  • Thales Group
  • Elbit Systems Ltd.
  • Leonardo S.p.A.
  • Hensoldt
  • Northrop Grumman Corporation
  • Textron Inc.
  • L3 Harris Technologies
  • Rafael Advanced Defense Systems
  • Rheinmetall AG
  • Mitsubishi Electric Corporation
  • Aselsan A.S.
  • Kongsberg Gruppen ASA
  • BAE Systems plc
  • Harris Corporation
  • MBDA
  • Collins Aerospace
  • Israel Aerospace Industries Ltd.
  • General Dynamics Corporation
  • Honeywell International Inc.
  • Qioptiq Ltd.

The global infrared search and track (IRST) system market is segmented as follows:

By Platform

  • Maritime
  • Airborne
  • Land
  • Space

By Component

  • Display
  • Scanning Head
  • Processing & Control Electronics

By End-User

  • Defense
  • Civil

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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