Uncooled Thermal Imaging Market, Analysis and Forecast Uncooled Thermal Imaging Market | Page 8

To Enquire About the Report Click Here 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