IR Imaging Market for Applications is Estimated to Reach Up to $8,450 Million by 2020

Date: 2015-08-20

“Infrared imaging is a technique of ascertaining things/objects in the dark, by detecting the heat signature. The infrared imaging report is segregated based on components, technologies, wavelengths, applications and geographic regions. In the near future, consumer electronics, surveillance, and aerospace and defense applications are expected to drive the IR imaging market. This is due to the huge demand of infrared technologies, which are used in these applications. Infrared imaging cameras are based on the type and potential of electronic components used such as IR lens systems, sensors, infrared detectors, and other components. 

The report majorly profiles companies and research institutes active in this field. This report provides the competitive landscape of key players that includes their main growth strategies. This report focuses on giving a detailed view of the complete IR imaging market with regards to different applications as well as geographic regions. The market for the IR imaging application is rapidly penetrating surveillance and, aerospace and defense sectors. The IR imaging market for applications is estimated to reach up to $8,450 million by 2020 at a CAGR of 6.50% between 2014 and 2020.

Major players in this market include FLIR Systems Inc. (U.S.), DRS Technologies Inc. (U.S.), Fluke Corporation (U.S.), Axis Communications AB (Sweden), and Sofradir Group (France). Several recent expansions and acquisitions, new product launches, and new contracts signed are also discussed in the report. “


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