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The infrared search and track (IRST) system market size is forecast to increase by USD 580 million at a CAGR of 2.1% between 2023 and 2028. The market is driven by the integration of Infrared radiation technology in various applications, particularly in aerial reconnaissance and surveillance missions. IRST systems utilize electromagnetic energy in the form of infrared radiation to detect and track the thermal signatures of objects, making them an essential tool for military vehicles and fixed and mobile surveillance systems. The market is experiencing significant growth due to the increasing preference for IRST systems over traditional radar technology. However, high research and development costs and the cancellation of several projects pose challenges to market expansion. The development of advanced air and missile defense systems is also fueling the demand for IRST systems, as they offer superior detection capabilities and enhanced situational awareness.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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