Last Updated: 01-08-2025 | Format: PDF | Report ID:20795 | Author: Lily
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | $3,550 Million |
| What is the projected market size by 2035? | $7,820 Million |
| What is the market CAGR from 2025 to 2035? | 8.2% |
| Which region dominates the market? | West (38%) |
| Which product/service type dominates the market? | Airborne (44%) |
| Which application leads the market? | Defense (63%) |
| Who are the major buyers? | Department of Defense (54%), Homeland Security (33%) |
| What are the key market growth drivers? | Rising defense spending and modernization programs in the US fuel demand for advanced IRST systems; Increasing emphasis on stealth and passive detection capabilities for tactical superiority; Raytheon's collaboration with the US Navy for advanced naval IRST enhances market value |
| What are the major market challenges? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| Integration complexities with legacy defense platforms; High initial cost and long procurement cycles remain a barrier for adoption in mid-size organizations |
| What is the forecast period? | 2026–2035 |
| Who are the key market players? | Lockheed Martin, Northrop Grumman, Raytheon Technologies, Thales Group, Leonardo DRS, BAE Systems, Boeing, Honeywell, Safran, L3Harris Technologies, Rheinmetall AG, Elbit Systems, Saab AB, General Dynamics, Airbus |
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