DUBLIN, June 6, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Infrared Search & Track (IRST) System Market by End User (Civil & Defense), Component (Scanning Head, Processing & Control Electronics, Display), Platform (Airborne, Naval, Land & Others) and Region - Global Forecast to 2022" report to their offering.
The IRST system market is estimated to be USD 4.47 Billion in 2017 and is projected to reach USD 5.95 Billion by 2022, at a CAGR of 5.88% during the forecast period. Increasing need for enhanced situational awareness and enhanced security and immunity over radars are the major factors expected to drive the market in the coming years.
On the basis of end user, the IRST system market has been segmented into civil and defense. The defense segment leads the market in terms of market size, and is expected to continue to lead over the next five years. The use of passive situation awareness system by defense forces is growing at a rapid pace across the globe. Growth of the defense segment is mainly attributed to the rising number of aircraft modernization programs, increasing procurement of military equipment, and rise in defense budgets globally.
On the basis of platform, the IRST system market has been segmented into airborne, naval, land, and others. The airborne segment leads the market in terms of market size, is expected to continue to lead over the next five years, and is projected to grow at the highest CAGR during the forecast period. The growth of the airborne segment at a high rate is attributed to increase in defense aircraft modernization programs and use of better passive systems to search and detect in airborne platforms.
Companies Mentioned
- Aselsan A.S.
- HGH Systemes Infrarouges 111
- Leonardo S.P.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Rheinmetall Ag
- Safran S.A.
- Thales Group
- Tonbo Imaging Private Limited
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Infrared Search And Track (IRST) System Market, By End User
8 Infrared Search & Track (IRST) System Market, By Component
9 Infrared Search & Track (IRST) System Market, By Platform
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
13 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/dr4t82/infrared_search
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