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Thermal Imaging Systems Market Worth $5,219.2 Million by 2019 [276 Pages Report] Infrared and Thermal Imaging Systems Market categorizes global market by Subsector [Commercial, Military], by Technology [Cooled, Uncooled], by Application [Transportation, Security & Surveillance, Thermography, Military Vehicle Vision, Soldier Portable Vision, & Unmanned Systems], & by Geography [North America, Europe, Asia-Pacific, the Middle East, Latin America & ROW].
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According to a new market research report of "Infrared and Thermal Imaging Systems Market by Technology (Cooled, Uncooled), by Subsector (Commercial, Military), Application (Transportation, Security & Surveillance, Thermography, Military Vehicle Vision, Soldier Portable Vision, & Unmanned Systems), & by Geography (North America, Europe, Asia-Pacific, theMiddle East, Latin America & ROW) - Forecasts & Analysis (2014-2019)", published by MarketsandMarkets, 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%.
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". http://www.marketsandmarkets.com/Market-Reports/infrared-thermal-imaging-syste Early buyers will receive 10% customization on this report. 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. Inquiry Before Buying @ http:// www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=229168627 In the case of the infrared and thermal imaging systems market, North America and Europe are one of the early adopters of the system, as the technology is already mature. Similarly, the aforementioned regions are undergoing strict defense budget curtailing programs and a financial crisis, which conclude that the growth for North America and Europe will be comparatively low or steady.
According to Anasbin T.P, research associate, Aerospace and Defense business unit at MarketsandMarkets, the infrared and thermal imaging systems market is expected to be $3,350 million in 2014 and is estimated to record a CAGR of 9.27% to touch $5,219.21 million by 2019. The commercial sector is expected to outrun the military sector due to the high growth rate in commercial applications such as transportation, security and surveillance, and thermography. 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.
Technological evolutions in microbolometers, outsourced work, increased production lines, and increased worldwide demand, has helped manufacturers lower the prices of infrared and thermal imaging systems which in turn plays a major role in the wide acceptance of these systems in the commercial as well as military market. The top players in the infrared and thermal imaging market such as FLIR Systems, DRS Technologies, Raytheon Company, L-3 Communications, BAE Systems, and others, are now contending to break into the commercial market by introducing cheaper devices. 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. Buy Now @ http:// www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=229168627
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