Infrared Search And Track (IRST) System Market to grow at a CAGR of 2.1% during 2024-2028
The Infrared Search And Track (IRST) System Market is expected to grow at a CAGR of 2.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 580 million. Infrared Search and Track (IRST) systems have emerged as a preferred solution in air defense applications due to the limitations of radar systems. Radars, which are traditionally used for surveillance, have drawbacks such as passive surveillance inability, vulnerability to jamming, and susceptibility to anti-radiation missiles. In response, IRST systems, which offer a wide field of view for autonomous target detection, classification, and prioritization using infrared sensors, have gained significant traction. Notably, Hindustan Aeronautics Ltd. recently announced developments in this area. These advancements underscore the growing importance of IRST systems in modern air defense systems.
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Technavio analysts predict that the Aerospace and defense subsegment will lead the End-user segment during 2024 and 2028 The aerospace and defense sector held the largest market share in the Infrared Search and Track (IRST) System market in 2023, accounting for a significant proportion of the total revenue. IRST systems play a crucial role in securing army and air force bases, as well as protecting land-based assets from aerial threats such as missiles, UAVs, and drones. This sector is comprised of two major components: mobile devices in the air, such as IRST systems installed in aircraft, and composite installations on the ground, which are part of Battle Emergency Management Control Systems (BEMCS). These ground-based installations detect intruders in the airspace or remote threats, while IRST systems in aircraft enable the detection and tracking of threats.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish development of new-generation air and missile defense systems
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Infrared Search and Track (IRST) systems have become a crucial component of modern defense, providing security and tactical advantage in various operational environments. These systems utilize passive infrared sensors to detect and track targets based on their thermal signatures, making them ideal for autonomous surveillance of critical infrastructure, security applications, and surveillance missions. IRST systems use image processing and artificial intelligence to analyze electromagnetic energy in the form of infrared radiation emitted by objects. This technology is particularly effective in low-light conditions and can detect and track high-speed targets, including missiles, drones, and other moving objects. IRST systems are used in both mobile and fixed surveillance systems, as well as military vehicles, aerial reconnaissance, and naval applications. They offer tactical advantages in various operational scenarios, including border security, homeland defense, and military operations. With customization options and advanced capabilities, IRST systems provide intelligence and situational awareness, enabling effective response to potential threats.
The Infrared Search and Track (IRST) system market is a segment of the larger global electronic equipment and instruments market. This market encompasses manufacturers of advanced technology solutions, primarily focused on the production of infrared sensors and systems for surveillance, military, and industrial applications. According to Technavio's market analysis, the global electronic equipment and instruments market size is determined by evaluating the revenue generated from the sales of associated ICT and electronics products, equipment, and components. The growth of the global electronic equipment and instruments market is influenced by the burgeoning demand for electronic test and measurement equipment. This demand is driven by technological advancements and the digital transformation occurring across various industries, including semiconductors, automotive, IT, consumer electronics, industrial, energy, and medical devices.
The Infrared Search And Track (IRST) System Market is experiencing significant growth, fueled by the development of new-generation air and missile defense systems. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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