Infrared Search and Track (IRST) System Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0211710
  • Format: Electronic (PDF)
  • Number of Pages: 209
  • Author(s): Joshi, Madhavi

Report Overview

The Infrared Search and Track (IRST) System Market size was estimated at USD 2.85 billion in 2023 and is projected to reach USD 5.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.00% during the forecast period (2024-2030).

Infrared Search and Track (IRST) System Market

(Market Size)
$2.85 billion
$5.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.00%
2023 Market Size USD 2.85 billion
2030 Market Size USD 5.5 billion
Key Players Lockheed Martin, Northrop Grumman, Leonardo S.p.A., Thales Group, Rheinmetall AG

Market Summary

The Infrared Search and Track (IRST) system market represents a critical segment within the semiconductor and electronics industry, focused on advanced sensor technologies that detect and track objects based on their infrared signatures. These passive systems are increasingly vital across defense, aerospace, and commercial sectors due to their ability to operate without emitting signals, thereby enhancing stealth and survivability. The market is characterized by continuous technological advancements, including improvements in sensor resolution, detection range, and integration capabilities with other avionics and defense systems. Key players are investing heavily in research and development to enhance system performance, reduce size, weight, and power consumption, and expand applicability beyond traditional military aircraft to naval vessels, ground vehicles, and unmanned platforms. The growing emphasis on network-centric warfare and multi-domain operations is further driving the adoption of IRST systems, as they provide critical situational awareness and threat detection capabilities. As geopolitical tensions and defense modernization programs accelerate globally, the demand for sophisticated IRST solutions is expected to rise, supported by their proven effectiveness in electronic warfare environments and all-weather operational readiness.

Key Highlights

The Infrared Search and Track system market is distinguished by several key highlights that underscore its strategic importance and growth trajectory. A primary highlight is the technological evolution towards multi-spectral and hyperspectral imaging, which significantly enhances detection accuracy and reduces false alarm rates by analyzing a broader range of infrared wavelengths. Another critical aspect is the integration of artificial intelligence and machine learning algorithms, enabling real-time data processing, automatic target recognition, and predictive analytics for improved threat assessment. The market is also witnessing a trend towards modular and scalable system designs, allowing for easier upgrades and customization to meet specific platform requirements. Additionally, there is a growing focus on developing cost-effective solutions for broader adoption, including in commercial aviation for collision avoidance and in border security applications. The emphasis on interoperability with other sensor systems and command-and-control networks is another highlight, facilitating seamless data fusion and enhanced operational coordination. These advancements are driving increased investment from both established defense contractors and emerging technology firms, positioning the IRST market as a cornerstone of modern electronic warfare and surveillance strategies.

Drivers, Opportunities & Restraints

The Infrared Search and Track system market is propelled by several key drivers, including the escalating demand for advanced surveillance and targeting systems in defense applications, driven by rising geopolitical instability and the need for enhanced situational awareness. The shift towards passive detection technologies, which avoid radar emissions and reduce vulnerability to electronic countermeasures, is another significant driver, particularly in stealth operations. Opportunities in the market are abundant, with expanding applications in unmanned aerial vehicles (UAVs), naval defense systems, and commercial sectors such as aerospace and homeland security. The development of dual-use technologies that serve both military and civilian purposes presents further growth potential, as does the increasing integration of IRST systems with other sensors like radar and electro-optical systems for comprehensive surveillance solutions. However, the market faces restraints, including high development and procurement costs, which can limit adoption among budget-constrained entities. Technical challenges such as maintaining performance in adverse weather conditions and against advanced infrared countermeasures also pose hurdles. Additionally, stringent regulatory standards and export controls on sensitive technologies can impact market expansion, particularly in international trade. Despite these restraints, ongoing innovations and strategic partnerships are expected to mitigate challenges and unlock new avenues for growth.

Concentration Insights

The Infrared Search and Track system market exhibits a concentrated competitive landscape, dominated by a few major players with extensive expertise in defense and aerospace technologies. Companies such as Lockheed Martin, Northrop Grumman, and Raytheon Technologies hold significant market shares, leveraging their long-standing relationships with defense departments and advanced R&D capabilities. These industry giants are often involved in large-scale contracts and joint development programs, focusing on next-generation IRST solutions for fighter aircraft, naval vessels, and ground-based platforms. The market also features specialized firms like Hensoldt, ASELSAN, and Thales Group, which contribute to innovation through niche applications and regional expansions. Concentration is further influenced by high barriers to entry, including substantial capital investment, stringent certification requirements, and the need for deep domain knowledge in infrared physics and systems integration. Collaborations and mergers are common strategies to enhance technological portfolios and expand geographic reach, particularly in emerging markets with growing defense budgets. This concentration fosters a environment of intense competition and rapid innovation, driving continuous improvements in system performance and cost-efficiency.

Type Insights

Infrared Search and Track systems are categorized based on their technological configurations and operational capabilities, with key types including scanning systems and staring systems. Scanning IRST systems utilize rotating or moving sensors to cover wide areas, making them suitable for long-range detection and surveillance in aerial and naval applications. These systems are often integrated into aircraft pods or ship-mounted platforms, providing continuous horizon scanning and threat tracking. Staring systems, on the other hand, employ fixed sensor arrays that focus on specific sectors, offering higher resolution and faster response times for engaging rapidly moving targets. This type is increasingly favored in modern combat aircraft for its precision and ability to support fire-control functions. Additionally, there are multi-spectral IRST systems that combine infrared sensors with other wavelengths, such as ultraviolet or mid-wave infrared, to enhance detection accuracy and countermeasure resistance. The choice between system types depends on factors like platform requirements, mission profiles, and environmental conditions, with ongoing advancements aiming to blend the benefits of both scanning and staring technologies into hybrid solutions for optimal performance.

Application Insights

The application spectrum of Infrared Search and Track systems is diverse, spanning defense, aerospace, and emerging commercial uses. In defense, IRST systems are predominantly deployed on fighter aircraft, such as the F-35 and Su-57, for beyond-visual-range target detection and missile warning, enhancing air superiority and survivability. Naval applications include integration into destroyers, frigates, and submarines for surface surveillance, anti-ship missile defense, and navigation support in low-visibility conditions. Ground-based applications involve armored vehicles and border security systems, where IRST technology provides perimeter monitoring and threat identification. In the commercial sector, these systems are gaining traction in aviation for collision avoidance and runway surveillance, as well as in critical infrastructure protection and wildfire detection. The use of IRST in unmanned systems, particularly drones, is expanding for reconnaissance and payload delivery missions, leveraging their passive operation to avoid detection. Each application demands tailored system characteristics, such as detection range, field of view, and integration capabilities, driving continuous innovation to meet specific operational needs and environmental challenges.

Regional Insights

The global Infrared Search and Track system market demonstrates varied growth patterns across regions, influenced by defense expenditure, technological adoption, and geopolitical factors. North America holds a prominent position, driven by high defense budgets in the United States and Canada, extensive modernization programs for military aircraft and naval fleets, and the presence of leading manufacturers like Lockheed Martin and Northrop Grumman. Europe follows closely, with countries such as the United Kingdom, France, and Germany investing in IRST technologies for Eurofighter Typhoon and other platforms, supported by firms like Hensoldt and Thales. The Asia-Pacific region is experiencing rapid growth, fueled by increasing defense capabilities in China, India, and South Korea, where rising territorial tensions and military modernization initiatives are accelerating procurement. Markets in the Middle East, particularly Saudi Arabia and Israel, are also significant due to ongoing security challenges and investments in advanced defense systems. Latin America and Africa present emerging opportunities, though adoption is slower due to budget constraints and infrastructure limitations. Regional insights highlight the importance of local partnerships and regulatory environments in shaping market dynamics and expansion strategies.

Company Insights

Key companies in the Infrared Search and Track system market are at the forefront of technological innovation and strategic development. Lockheed Martin is a major player, known for its advanced IRST solutions like the Legion Pod, which enhances aircraft situational awareness and combat effectiveness. Northrop Grumman contributes with systems such as the OpenPod IRST, focusing on modularity and integration with existing platforms. Raytheon Technologies offers cutting-edge IRST technologies through its subsidiaries, emphasizing multi-spectral capabilities and network integration. International players like Hensoldt from Germany provide advanced naval and airborne IRST systems, leveraging expertise in sensor fusion and electronic warfare. ASELSAN in Turkey is expanding its footprint with domestically developed systems for regional defense needs, while Thales Group in France focuses on multi-domain IRST applications. These companies invest heavily in R&D to improve detection algorithms, reduce system size, and enhance compatibility with next-generation platforms. Strategic collaborations with defense agencies and technology firms are common, aimed at addressing evolving threats and expanding market presence. The competitive landscape is marked by a focus on innovation, reliability, and cost-effectiveness to meet diverse customer requirements.

Recent Developments

Recent developments in the Infrared Search and Track system market reflect ongoing innovation and strategic shifts to address emerging challenges and opportunities. A notable trend is the increased integration of artificial intelligence and machine learning for autonomous threat detection and classification, enhancing system responsiveness and reducing operator workload. Companies are also advancing multi-spectral imaging technologies to improve performance in cluttered environments and against stealth targets. For instance, recent product launches include next-generation IRST pods with extended detection ranges and higher resolution sensors, designed for compatibility with fifth-generation fighter aircraft and unmanned systems. Partnerships and acquisitions have been prominent, such as collaborations between defense primes and tech startups to incorporate novel materials and cooling technologies for better thermal management. Additionally, there is a growing emphasis on developing export-friendly variants to tap into international markets, complying with evolving regulatory standards. Testing and validation efforts have intensified, with successful demonstrations in real-world scenarios highlighting system reliability under electronic warfare conditions. These developments underscore the market's dynamic nature, driven by technological breakthroughs and adaptive strategies to maintain competitive advantage.

Report Segmentation

The Infrared Search and Track system market report is segmented to provide detailed analysis across multiple dimensions, enabling a comprehensive understanding of industry dynamics. Segmentation by type includes scanning systems and staring systems, each analyzed for their technological attributes, adoption rates, and suitability for different platforms. Application-based segmentation covers defense (airborne, naval, ground), commercial aviation, and other sectors, highlighting specific use cases and growth potential in each area. Geographical segmentation breaks down the market into regions such as North America, Europe, Asia-Pacific, and rest of the world, assessing regional trends, key players, and market drivers. Additionally, the report may segment by component, such as sensors, processing units, and display systems, to evaluate the supply chain and innovation focus. Each segment is analyzed in terms of market share, growth factors, and competitive landscape, providing stakeholders with actionable insights for strategic decision-making. This structured approach ensures a thorough examination of the IRST market, catering to the needs of investors, manufacturers, and end-users seeking to navigate the complexities of this advanced technology sector.

FAQs

What is an Infrared Search and Track (IRST) system? An Infrared Search and Track system is a passive sensor technology that detects and tracks objects based on their infrared emissions, without emitting any signals itself. It is widely used in defense and aerospace for surveillance, targeting, and threat detection, offering advantages in stealth and electronic warfare environments.

How does an IRST system differ from radar? Unlike radar, which actively emits electromagnetic waves and can be detected, IRST systems are passive, relying on infrared radiation from targets. This makes them less susceptible to electronic countermeasures and ideal for covert operations, though they may be affected by weather conditions compared to radar.

What are the key applications of IRST systems? Key applications include military aircraft for air-to-air and air-to-ground targeting, naval vessels for surface surveillance, ground vehicles for border security, and increasingly in commercial aviation for collision avoidance and unmanned systems for reconnaissance.

Which companies are leading in the IRST market? Leading companies include Lockheed Martin, Northrop Grumman, Raytheon Technologies, Hensoldt, Thales Group, and ASELSAN, among others, known for their advanced technologies and significant contracts in defense and aerospace sectors.

What are the challenges faced by IRST systems? Challenges include high development costs, performance limitations in adverse weather like fog or rain, and the need for continuous innovation to counter advanced infrared stealth technologies and countermeasures employed by adversaries.

How is AI integrated into IRST systems? Artificial intelligence is integrated to enhance target recognition, reduce false alarms, and enable autonomous operation by processing large volumes of infrared data in real-time, improving situational awareness and decision-making speed in critical missions.

The Global Infrared Search & Track (IRST) System Market size was valued at $XX billion in 2023, and is anticipated to reach $XX billion by 2030, growing at a CAGR of XX% during the forecast period. Citius Research has developed a research report titled “Infrared Search & Track (IRST) System Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Infrared Search and Track (IRST) System Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Infrared Search & Track (IRST) System Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Infrared Search and Track (IRST) System Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Infrared Search and Track (IRST) System Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Infrared Search & Track (IRST) System Market
• Research Methodology
• Executive Summary
• Market Dynamics of Infrared Search & Track (IRST) System Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Infrared Search & Track (IRST) System Market
• Cost and Gross Margin Analysis of Infrared Search & Track (IRST) System Market
• Infrared Search & Track (IRST) System Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Infrared Search & Track (IRST) System Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Infrared Search and Track (IRST) System Market Key Stakeholders

Below are the key stakeholders for the Infrared Search & Track (IRST) System Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Infrared Search & Track (IRST) System Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Infrared Search & Track (IRST) System Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Infrared Search & Track (IRST) System Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Infrared Search & Track (IRST) System Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Infrared Search & Track (IRST) System Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Infrared Search and Track (IRST) System Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Infrared Search and Track (IRST) System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Infrared Search and Track (IRST) System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Infrared Search and Track (IRST) System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Infrared Search and Track (IRST) System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Infrared Search and Track (IRST) System Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Infrared Search and Track (IRST) System Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Infrared Search and Track (IRST) System Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Infrared Search and Track (IRST) System Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Infrared Search and Track (IRST) System Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Infrared Search and Track (IRST) System Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Infrared Search and Track (IRST) System Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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