Key players in the Middle East & Africa IR detector Market include Excelitas Technologies Corp., FLIR Systems Inc., Murata Manufacturing Co. Ltd, Omron, and Raytheon.
(PRWEB) March 11, 2015
The Middle East & Africa IR detector market is estimated to grow from $12.9 million in 2014 to $23.9 million by 2019, at a CAGR of 13% from 2014 to 2019.
Browse through the TOC of Middle East & Africa IR detector market for an analysis of industry trends, segments & forecasts.
Military budgets worldwide continue to be under pressure - especially in the U.S. and Europe, where budget deficits are forcing reductions in military expenditures. However, at the same time, geopolitical pressures in Eastern Europe, Asia, as well as the Middle East & Africa (MEA) regions, are resulting in defense budget increases in some countries. Infrared imaging/night vision technology continues to provide a powerful force multiplier and is an essential part of military systems.
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Night sighting capabilities are used in military as well as law enforcement agencies. It consists of imagers as well as detectors. Night sighting technology is used to detect objects in low light or total darkness using thermal radiations. These devices help us to form intensified images that are not visible to our naked eyes because of the insufficient light reaching the eyes from the objects. Thus, the night vision technologies with numerous applications are acting as a strong driver for the IR detector market in the Middle East & Africa region.
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In the Middle East & Africa market, the LWIR range segment held the largest market share of 67.5% in 2014, followed by the MWIR and SWIR segments with market shares of 23.1% and 9.4% respectively in 2014.
This report also includes market share and value chain analyses, along with details of the market dynamics such as drivers, restraints, and opportunities in the market. Furthermore, the market report also provides comprehensive insights into the competitive landscape of the MEA IR detector market, along with the profiles of the key players in the market.
Europe IR Detector/Sensor Module
The European IR detector/sensor module market contributes 27.36% to the global IR detector/sensor module market. The European market segmentation has been made on the basis of type, technology, and application.
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