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The global infrared and thermal imaging systems market value is estimated at US$3,350 million and is expected to touch $5,219.21 million by 2019 at a CAGR of 9.27%. The sector demands cheaper hand-held products and a drive towards the commercial infrared and thermal imaging sector in the coming years.
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Objectives of the Study: 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. The top players in the infrared and thermal imaging market are FLIR Systems, DRS Technologies, Raytheon Company, L-3 Communications, BAE Systems, and others. These players are now competing to penetrate the market by providing low-cost compact systems in the commercial and military sectors. The fuelled demand in thermal imaging within the Middle East and Africa, as well as Asia-Pacific, has helped them penetrate further into the market. North America is expected to be the largest contributor to the market share in terms of revenue, in 2014. Even though North America is the largest contributor, its annual growth rate is low when compared to other regions like AsiaPacific or the Middle East, which shows tremendous growth. The market is now demanding for cheaper handheld devices, where the companies are competing to introduce lowcost solutions which will widen the knowledge about these technologies and open doors for new applications.
Continue.... ASK FOR SAMPLE REPORT: https://www.marketsandmarkets.com/requestsample.asp?id=229168627 Table Of Contents 1 Introduction (Page No. - 27) 1.1 Key Take-Aways 1.2 Report Description 1.3 Markets Covered 1.4 Stakeholders
2 1.5 Research Methodology 2 Executive Summary (Page No. - 36) 3 Market Overview (Page No. - 38) 3.1 Market Definition 3.2 Market Segmentation 3.2.1 By Technology 3.2.2 By Subsector 3.2.3 By Application 3.2.4 By Region 3.2.5 By Country 3.3 Market Dynamics 3.4 Drivers 3.4.1 Increased Worldwide Demand 3.4.2 Low-Price Systems 3.4.3 Increased Demand For Integration In Smart Phones & Similar Applications 3.4.4 Technological Evolution & Changing Needs 3.4.5 Soldier Modernization Programs 3.5 Restraints 3.5.1 Defense Budget Is In A State Of Flux 3.5.2 Financial And Economical Condition 3.6 Challenges 3.6.1 Volatility Of Infrared & Thermal Imaging Market 3.6.2 Government Policies, Bureaucratic & Labor Issues 3.7 Opportunities 3.7.1 High Potential Markets - Application & Region 4 Trend Analysis (Page No. - 51) 4.1 Market Trend 4.1.1 Market Pull By Commercial Sector 4.2 Industry Trend 4.2.1 Outsourcing 4.3 Technology Trend 4.3.1 Microbolometer Continue.....
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