IR Imaging Market worth $3861 Million by 2017

According to a new market research report “Global IR Imaging Market (2012 – 2017) - Forecast, Trend & Analysis – Segmentation by Spectrum Range [SWIR, MWIR, LWIR & FWIR cameras], Applications [Commercial, Military & Defense, Industrial, Medical Imaging, Automotive, Others] & Geography” published by MarketsandMarkets (www.marketsandmarkets.com), The value of IR imaging market was $2,183 million in 2011 and is expected to reach $3861 million in 2017, at an estimated CAGR of 9.5% from 2012 to 2017. In terms of volume, the total number of IR imaging camera shipped was 318 thousand in 2011 and expected to reach 1410 thousand by 2017, at an estimated CAGR of 28.6% from 2011 to 2017.
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IR camera was initially developed for military applications and this application had contributed to a major chunk of the revenue to the total IR imaging market. For many years, this technology was restricted to military and defense, academia, and narrow niche markets. However, due to developments in uncooled IR imaging technology and availability of affordable IR cameras, the IR imaging market has witnessed a shift in focus towards the applications related to commercial segment. Now, IR cameras have emerged as a new mainstream device for numerous applications such as security, firefighting, surveillance, and industrial imaging. By 2011, security and surveillance, which is the part of commercial application, had become a key market and major IR camera manufacturers like FLIR systems (U.S.), Axis Communications AB (Sweden) started focusing on this market. Continuous reduction in price of LWIR cameras throughout the forecasted period will be one of the strong factors for increasing the penetration of LWIR cameras in fast growing application like security/surveillance and automotive markets. From the night-vision option in automobiles to thermal imager used by surgeons, everybody will be benefited from expected reduction in price. The installation rate of IR camera in cars is still below 1%, rendering a lot of scope to increase the sales during the forecasted period.
This report, based on the extensive research study on Infrared Imaging Market, is aimed at identifying the entire market for IR cameras with respect to various applications, and all its sub-segments through extensively detailed classifications in terms of both - revenue and shipments. This report is focused on giving a bird’s eye-view of the complete market with regards to application of IR cameras, with detailed market segmentations; combined with qualitative analysis at each and every aspect of the classifications done by type of IR camera, application, and geography. The report also profiles more than 20 key IR camera manufacturers, along with important IR camera component manufacturers. The report draws the competitive landscape of IR imaging market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.
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