London, UK (PRWEB) May 19, 2014
In the year of 2014, the worldwide market for infrared and thermal imaging systems stands at around USD 3.35 billion. By 2019, its value is poised to surpass the USD 5.21 billion mark, posting robust growth at a 9.27% CAGR from 2014 to 2018. The overall infrared and thermal imaging systems market is highly dependent on the military sector. However, the military budget cuts in the USA and some European countries along with issues regarding procurement timings in a range of defense programs have provoked a shift of the market towards the commercial sector. Ongoing technological developments, increased outsourcing of work and also rising global demand have recently enabled manufacturers to lower their prices for infrared and thermal imaging systems, thus, making them more economical and, at the same time, opening doors for novel applications. The promising market trends are for multiple megapixel detectors and systems.
DRS Technologies, FLIR Systems, BAE Systems, Raytheon Company and L-3 Communications are among the leading companies active in the worldwide market for infrared and thermal imaging systems.
New research report “Infrared and Thermal Imaging Systems Market by Technology (Cooled, Uncooled), by Subsector (Commercial, Military), by Application (Transportation, Security & Surveillance, Thermography, Military Vehicle Vision, Soldier Portable Vision, & Unmanned Systems), & by Geography (North America, Europe, Asia-Pacific, the Middle East, Latin America & ROW) - Forecasts & Analysis 2014–2019” worked out by MarketsandMarkets (M&M) is now available at MarketPublishers.com
Title: Infrared and Thermal Imaging Systems Market by Technology (Cooled, Uncooled), by Subsector (Commercial, Military), by Application (Transportation, Security & Surveillance, Thermography, Military Vehicle Vision, Soldier Portable Vision, & Unmanned Systems), & by Geography (North America, Europe, Asia-Pacific, the Middle East, Latin America & ROW) - Forecasts & Analysis 2014–2019
Published: May, 2014
Price: US$ 4,650.00
An in-depth insight into the worldwide infrared and thermal imaging systems market as well as an all-round market assessment on the basis of application, geography, sub-sector and technology are available in the cutting-edge study. The report contains a whole pack of top-level data illustrating the historical and present industry performance, identifies and examines the major market growth drivers and resistors, points out and discusses the top market opportunities and challenges. The topical report includes a snapshot of the latest market development trends, reviews the important industry activities, gives a summary of the existing and emerging technologies and products, sheds light on the competitive landscape and profiles top companies involved in the global infrared and thermal imaging systems industry. Besides, the in-demand report touches upon the most significant industry issues/concerns and provides extensive forecasts of the global infrared and thermal imaging systems market’s performance through 2018.
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