Scope of the Study
Infrared (IR) and thermal imaging technology help to detect people and objects in complete darkness and in diverse conditions. IR and thermal imaging systems market has high growth prospects owing to increasing applications in the surveillance and security, transportation, military vehicle vision, thermography, and others. Further, increasing spending on military modernization program across the globe expected to drive the demand for IR and thermal imaging systems over the forecasted period.
The market study is being classified by Type (Portable IR and Thermal Imaging Systems and Stationary IR and Thermal Imaging Systems), by Application (Surveillance and Security, Transportation, Military Vehicle Vision, Thermography and Others) and major geographies with country level break-up.
Flir Systems Inc. (United States), Lockheed Martin (United States), Thales Group (France), Honeywell Aerospace (United States), Elbit Systems Ltd. (Israel), BAE Systems (United Kingdom), L-3 Communications Holdings Inc. (United States), Raytheon Company (United States), Fortive (United States) and ULIS (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Axis Communications (Sweden), Leonardo (Italy) and Thermoteknix Systems (United Kingdom).
Leading global players are focusing on strategic partnerships to improve their products. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global IR and Thermal Imaging Systems market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global IR and Thermal Imaging Systems market by Type, Application and Region.
On the basis of geography, the market of IR and Thermal Imaging Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Uncooled Infrared Thermal Imaging Systems will boost the IR and Thermal Imaging Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Military Budgets Worldwide
- Increasing Demand for IR and Thermal Imaging Systems for Surveillance and Security
- Emergence of High Definition Thermal Imaging Technology
- Emphasizing On the Soldier Modernization Programs
- Stringent Government Policies Regarding IR and Thermal Imaging Devices
- Growing Demand for Remote IR and Thermal Imaging Devices
- Increasing Demand from the Developing Economies
- Lack of Awareness in the Emerging Economies
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