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Infrared Countermeasures (IRCM) Systems Market Share

Report ID: GMI10326
Published Date: Jul 2024
Report Format: PDF

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Infrared Countermeasures Systems Market Share

Northrop Grumman Corporation and BAE Systems are leading players in the global IRCM systems market. They together account for over 15% of the market share. The market is dominated by top defense contractors and technology firms including Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon Technologies Corporation, and other companies. These companies are renowned for their expertise, R&D capabilities, and customer relationships. They invest significantly in the development of advanced IRCM systems, such as DIRCM, to offer superior protection against infrared-guided threats. Their strategic partnerships with defense agencies and international collaborators further bolster their market positions.

Companies like Elbit Systems, Saab AB, and L3Harris Technologies are expanding their market presence through mergers, acquisitions and partnerships. The competitive landscape remains dynamic and drives continuous advancements in IRCM technology. With increasing global geopolitical tensions, defense modernization efforts are increasing as well. This prompts companies to focus on innovation and differentiation.

Infrared Countermeasures Systems Market Companies

Major players operating in the IRCM systems market are:

Northrop Grumman Corporation
BAE Systems
Raytheon Technologies Corporation
Leonardo DRS
Elbit Systems
Saab AB
L3Harris Technologies

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Infrared countermeasures systems market size was USD 5.17 billion in 2023 and is expected to register over 7.2% CAGR from 2024-2032 owing to the increasing defense budgets significantly impacting the IRCM systems worldwide.

Infrared countermeasures systems industry from the DIRCM segment held over 30% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to its effectiveness in countering infrared threats as compared to traditional countermeasures.3. What is the size of the North America Infrared Countermeasures (IRCM) systems market?

North America industry held 30% share in 2023 and is expected to register a commendable CAGR from 2024-032 due to significant investments in advanced defense technologies and strong defense infrastructure in the region.

Northrop Grumman Corporation, BAE Systems, Raytheon Technologies Corporation, Leonardo DRS, Elbit Systems, Saab AB, and L3Harris Technologies are some of the major Infrared Countermeasures (IRCM) systems companies worldwide.