Infrared Imaging Market (IR Lens System, IR Detector and Components) Worth $8,450 Million by 2020 - New Report by MarketsandMarkets

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These advantages have led the IR technology to become an area of interest for new applications and end users from verticals such as medical, science, and research and design among others. (http://www.marketsandmarkets.com/Market-Reports/infrared-IR-sensing-imaging-market-593.html)

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Major players in the IR imaging market are FLIR Systems Inc. (U.S.), DRS Technologies Inc. (U.S.), Fluke Corporation (U.S.), Axis Communications AB (Sweden), and Sofradir Group (France).

This section entails current and upcoming opportunities in the IR imaging market on the basis of applications and geographic regions, which are expected to retain a high growth rate for the IR imaging market during the forecast period. An increasing demand for IR imaging is expected in the Americas in the next few years. The market is expected to grow at a CAGR of 6.50% from 2014 to 2020, and reach $8,450 million by 2020.

Browse 123 tables and 58 figers spread through 184 pages and in-depth TOC on “Infrared Imaging Market - Analysis & Forecast to 2014 - 2020”

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The Americas leads in terms of the number of players dealing with assembling and manufacturing the infrared imaging components and IR technology devices. This region provides a wide platform for carrying out manufacturing and processing activities of the IR imaging components and products. The U.S. based players dominate the overall global infrared imaging market; the same scenario is expected to continue for the next five to six years.

The increasing growth of the uncooled IR technology is proving to be a driver for the IR imaging market. IR imaging applications such as surveillance, industrial, and consumer electronics are projected to drive the IR imaging market in the forecast period. The Americas market accounted for a market share of 41% of the overall global IR imaging market size.

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DRS Technologies Inc. (U.S.) is another leading manufacturer that provides a number of infrared camera based integrated products, services, and support to military forces and intelligence agencies worldwide. Apart from the above products and services, the company focuses on technologies used in the defense sector. It offers imaging and targeting solutions, cyber and information assurance solutions, control systems, communication solutions, intelligence solutions, tactical systems, sonar systems, training solutions, power and environmental systems, avionics systems and so on.    DRS Technologies, Inc. introduced its new “Tamarisk” precision series line of radiometric camera cores.

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