Infrared, Thermal Imaging Systems Market Worth More Than $5B by 2019
DALLAS—According to a new market research report of "Infrared and Thermal Imaging Systems Market by Technology…Forecasts & Analysis (2014-2019)", published by MarketsandMarkets, the market is estimated to be valued at $3,350 Million in 2014 and is expected to reach $5,219.2 Million by 2019 at a CAGR of 9.27%.
This report provides a complete insight of the global Infrared and Thermal Imaging Systems market for the next 5 years and discusses the market split and share by different sectors.
This report categorizes the global Infrared and Thermal Imaging Systems Market on the basis of technology, sub-sector, application, region, and country. On the basis of technology, the market is divided into two: cooled and uncooled infrared and thermal imaging systems. Based on the sub-sector, the market can be further divided into the commercial and military market. Transportation, security and surveillance, thermography, military vehicle vision, soldier portable vision, unmanned vehicles, and others, are the application-wise classifications of the market. The regions discussed in the report are North America, Europe, Asia-Pacific, the Middle East, and Latin America.
It analyzes and provides information about the latest technologies and trends and how they drive the market, and face the challenges and factors that restrain market growth. It also provides a regional insight into various spending trends, analyzes the market size region-wise, and also provides information on the nature of spending by various sectors.
It discusses the threats and competitors in the global Infrared And Thermal Imaging Systems Market. It also provides a general overview of companies along with their financial position, key products, markets, and key developments.
The top players in the global Infrared and Thermal Imaging Systems Market are FLIR Systems, DRS Technologies, Raytheon Company, L-3 Communications, BAE Systems, and others. The infrared and thermal imaging system market is now demanding for low-cost, compact solutions that can be integrated. These low-cost solutions also helped in widening the knowledge of the products, thus, creating more demand for these applications in the market.
The market trends are for the highest thermal and geometrical resolutions which manufacturers respond to by introducing a new product range with cooled and uncooled thermal imaging cameras. Similarly, the implementation of thermographic cameras into turn-key solutions in the industrial environment is clearly one of the important driving factors for the infrared and thermal imaging systems market.
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