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3. Contracts, New Product Launches, Partnerships, and Acquisitions, were the Key Strategies Adopted by the Leading Players to Grow in the Infrared Search & Track (IRST) System Market in 2017

In 2017, the Infrared Search & Track (IRST) system market is estimated to be led by Lockheed Martin Corporation (U.S.), Thales Group (France), Safran S.A. (France), Rheinmetall AG. (Germany), Aselsan A.S. (Turkey), Leonardo S.p.A. (Italy), Northrop Grumman Corporation (U.S.), and HGH Systemes Infrarouges SAS (France), among others. These companies are expected to continue to lead the market till 2022. In 2017, Contracts is the key strategy adopted by the players to grow in the IRST system market. Core competencies of these market players include their widespread geographical presence and increasing investments in R&D activities.

Lockheed Martin Corporation (U.S.) is a leading player in the IRST system market. The company operates through various business segments, namely, aeronautics, missiles and fire control, rotary and mission systems, and space systems. In the aeronautics segment, the company is engaged in research, development, manufacture, support and upgrading of advanced military aircraft, which include air and combat mobility aircraft, unmanned air vehicles, and related technologies. Lockheed Martin Corporation received a contract from the U.S. Navy for the supply of 12 IRST21 systems to support the U.S. Navy’s F/A-18E/F fleet in 2017. Lockheed Martin Corporation received a contract from the U.S. Air Force for the supply of spare parts for F-15 fighters of the Royal Saudi Air Force in 2016. Under this contract, the company will supply infrared search & track systems, LANTIRN extended range navigation pods, and sniper advanced targeting pods. The deliveries for this contract are expected to begin in 2018.

Leonardo S.p.A. (Italy) operates through four segments, namely, electronics, defense & security systems, helicopters, aeronautics, and other activates. The company offers the Infrared Search and Track (IRST) system market through its subsidiary, Selex ES S.p.A., engaged in the development, manufacture, and support of information and electronic technologies for aerospace, defense systems, data, land security, and protection, infrastructure, and sustainable smart solutions.  Selex ES S.p.A., a subsidiary of Leonardo S.p.A., received a contract from Saab AB for the supply of Infrared Search & Track (IRST) systems in 2015. Under this contract, the company will supply 60 Skyward-G Infra-Red Search & Track (IRST) systems for the Swedish Air Force. In 2014, Selex ES S.p.A., a subsidiary of Leonardo S.p.A. received a contract from Saab AB for the supply of Raven ES-05 AESA (Active Electronically Scanned Array) radar, Skyward-G IRST (Infrared Search & Track) passive sensor, and the IFF (Identification Friend-or-Foe) system.

Related Reports:

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

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