Last updated on April 16, 2014 at 6:41 EDT

MarketsandMarkets: Global IR Imaging Market Worth $3861 Million by 2017

September 24, 2012

DALLAS, September 24, 2012 /PRNewswire/ –

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 (
http://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.

Browse 96 tables and 50 figers spread through 254 pages and in-depth TOC on “Global IR
Imaging Market (2012 -2017) – Forecast, Trend & Analysis -Segmentation by Spectrum Range,
Applications & Geography”


Early buyers will receive 10% customization on reports.

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 IR 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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Source: PR Newswire