Market World IR (Infrared) Imaging Market | Page 2

The expansion of the micro bolometer and former detect or-based equipment has also led to the growing
commercialization of Infrared imagers, which in roll is expected to spur the demand of Infrared imaging industry.
Conventionally, dependent on the U.S. defence spending, the, market is now trailing its dependence in a
frequent manner and is expected to be determined by commercial applications such as automotive, predictive
maintenance, personal vision. In spite of the reduction in orders from the U.S. defence market owing to budget
impounding, the industry is thriving at a rapid pace owing to increase in adoption via straight manner.
On the basis of region, the market can be segregated into Asia Pacific, North America Europe and Rest Of World.
North America is expected to capture largest revenue over the forecast period owing to continuous technical
advancements in the U.S. coupled with technological development in Mexico and Canada. Two Critical Infra-red
Camera application areas in this region are military & defence and commercial. Commercial section is expected
to see a rapid growth which in turn is expected to fuel the growth of infrared market over the forecast period.
On the basis of end user industry, the market can be segregated into security & Surveillance, automotive
applications, aerospace, industrial and military & defence. Security and Surveillance sector is expected to see
the maximum growth over the forecast period owing to increased implementation of video analytics, increased
utilization of real time monitoring.
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Increasing commercial installation of surveillance system coupled with increasing utilization of HD cameras
and increasing requirement of physical security is also expected to drive the growth of this section of market
over the forecast period. On the basis of types of Infrared camera this market can be segregated into mid
wavelength camera, long wavelength camera and short wavelength camera. The long wavelength camera
section of this market is expected to see the highest growth over the forecast period owing to their ability of
not demanding any external light source to produce an image and to provide details about the atmospheric
absorption of heat. Its ability to provide better vision through smoke and mist makes it suitable for passive vision
enhancement and thermography. The use of cameras is expected to increase rapidly over all the end user
industries which include military & defence, automotive application, homeland security and industrial.
Some of the key players in this market are Fluke Corporation (U.S.), DRS Technologies (U.S.), FLIR Systems, BAE
systems, Testo AG, Sofradir Group (France) and Axis Communications (Sweden). . Additionally, the industry is
expected to remain be competitive with the entrance of niche players. These players offer hardware thereby
growing their market bargain potential among the large companies. On the contrary, the overall implementation
of thermographic cameras into turnkey application in the industrial atmosphere is clearly one of the significant
driving factors for the Infrared imaging market. FLIR Systems and Fluke Corporation are well known players
focussed on thermography applications. The market for infrared imaging is expected to be highly competitive