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KEY MARKET INSIGHTS
Uncooled Thermal Imaging Systems detect radiation at specific points emitting out of an
asset under observation in the infrared range of electromagnetic spectrum.
The market is estimated to grow from $2.1 billion in 2014 to $3.7 billion by 2020 at a CAGR
of 10.1%.
The major driving factor for the uncooled thermal imaging systems market is the emergence
of new applications deploying these systems in non-military applications.
But with the development of microbolometers, the uncooled thermal imaging systems were
developed that no longer required cooling equipment.
The market for uncooled thermal imaging systems have been segmented on the basis of
different infrared spectrum ranges in which they operate.
The dominant share in the global uncooled thermal imaging market was held by LWIR
uncooled thermal imaging systems in 2013.
MWIR uncooled thermal imaging systems will observe the highest growth rate between the
period 2014 and 2020.
The uncooled thermal imaging systems market has been also segmented on the basis of
several geographic regions across the world including Americas, Europe, Asia-Pacific
(APAC) and Rest of the World (RoW). Americas, due to its geographic diversity, held the
prominent share in 2013