The widespread use of IR cameras in commercial application, which is one of the prominent fields that holds a promising future, began in the last decade; the industry has witnessed several changes and the market has shaped up into a strong, steady-revenue earning one, with the emergence of several new application segments such as security, firefighting, surveillance since the turn of the century. The advent and continuing penetration of newer technologies like MEMS-based uncooled detector, wafer-scale manufacturing, etc are expected to completely eliminate cooling requirements or reduce need for temperature stabilization. These technological advancements in the industry are promising reduction in production costs and schedules, thus promising to achieve mass-production during the forecasted period. Being a highly elastic market, as the prices come down, high volume market situation will emerge, IR camera will make an entry into various application segments like automotive segment. It is observed that installation rate of IR camera in cars is still below 1%, rendering a lot of scope to increase the sales during the forecasted period.
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The value of IR imaging market was $2,183 million in 2011 and is expected to reach $3,861 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 is expected to reach 1,410 thousand by 2017, at an estimated CAGR of 28.6% from 2011 to 2017. The rapid growth in market size is due to the success of new technologies in developing new uncooled IR detectors, expanding product and geographical markets, penetration of IR cameras into several end-user application sectors owing to rising demand for thermographic & vision enhancement features in numerous applications.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the global IR Imaging market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro- and micro-markets with respect to North America, Europe, Asia-Pacific, and ROW. The briefing will cover an overview of the total IR Imaging market for various applications, its drivers, restraints and opportunities, overall statistics, forecasts, different types of segmentation done, value and supply chains, and the complete competitive landscape.
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