Asia-Pacific Infrared and Thermal Imaging Systems Market estimated to reach $5,219.2 Million by 2019 – New Report by MarketsandMarkets
(PRWEB) November 05, 2014 -- The report "Infrared and Thermal Imaging Systems Market by Technology (Cooled, Uncooled), by Subsector (Commercial, Military), & by Geography (North America, Europe, Asia-Pacific, the Middle East, Latin America & ROW) - Forecasts & Analysis (2014–2019)" defines the infrared and thermal imaging systems market based on various solutions, services, deployment types, user types, and industrial verticals with an in-depth analysis and forecast of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
The growing economies like China, India, Indonesia, Australia, Japan, and other countries, are expected to register a high growth rate. Commercial sector applications such as transportation and thermography are expected to show tremendous growth in this region. Likewise, the effort of China to dominate the region has forced India and other countries to maintain their defense expenditure and modernize their troops by various soldier modernization programs. The threats from Somalian pirates, Illegal migration, dispute over water boundaries, and other issues, have also forced the Asia-Pacific countries to invest more in infrared and thermal imaging systems to provide superior fight capabilities in the day or night.
Browse more than 63 market data tables with 25 figures spread through 276 pages and in-depth TOC on "Infrared and Thermal Imaging Systems Market”
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The Middle East is one of many regions that have registered the highest growth rate. The oil-rich nations in the region have doubled their defense expenditure and are undergoing noteworthy soldier modernization programs. Similarly, the threats from Iran, the conflicts between the Arab countries and Israel, the Arab Spring Movement, terrorism, and other pressing issues, have forced major powers in the region to modernize their troops. The commercial sector is also expected to register a tremendous growth rate in the region. The FIFA World Cup 2012 in Qatar, and efforts of Emirate nations to promote them as a hub of Asia, have resulted in tremendous growth in infrastructure and facilities which makes it a favorite pool as an infrared and thermal imaging systems manufacturer.
The increased use of integrated solutions and services for closed-circuit television cameras, the automotive sector, and smart phones, have boosted the demand for infrared and thermal imaging systems within these sectors and eventually boosted the revenue of the infrared and thermal imaging systems market.
Even though the military budget cuts in the U.S. and EU, and the global financial crisis have affected the infrared and thermal imaging systems market, the market has slowly gained stability and is on the verge of a tremendous rise. The main reason for this boost is due to the increased worldwide demand for commercial applications in the transportation and thermographic sector. Similarly, border disputes, terrorism, internal insurgencies, soldier modernization programs, and other issues, have resulted in increased sales of infrared and thermal imaging systems in those regions. The threats from Iran, border issues, and the conflict between Israel and Arab countries, have forced major Arab countries to modernize their troops, which in turn has made the region favorable to infrared and thermal imaging system manufacturers.
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The commercial sector mainly consists of the transportation sector, security and surveillance, thermography, and other applications. The improved acceptance of integrated solutions for closed circuit television cameras, transportation, and smart phones, has fuelled the sales and demand for thermal imaging systems within these sectors that ultimately helped increase revenues.
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