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Global infrared imaging market: 12% CAGR between 2012-2016
Global Infrared Imaging Market 2012-2016 - a new market research report on 2014-03-05 20:09:02
The Global Infrared Imaging market is to grow at a CAGR of 12.2 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for increased energy savings. The Global Infrared Imaging market has also been witnessing the development of high-speed infrared cameras. However, the need for increased investment could pose a challenge to the growth of this market.

During the past few years, there has been a rapid increase in the competition among the vendors in the Global Infrared Imaging market. This increase in competition is leading to a decrease in the overall price of infrared imagers. Consequently, there is an increase in the price war among players in the market. Moreover, with the advancement of technology and the adoption of global sourcing by vendors, the cost of developing basic infrared imaging systems is falling. The cost is also falling because of the existence of a large variety of vendors in the market with various pricing strategies aimed at capturing significant shares in the market. Furthermore, vendors are focusing on the development of economically priced products in an attempt to tap the micro, small, and medium-sized enterprise sector.So this has been a major trend in the market.

One of the major drivers is that, as a result of a general improvement in global economic conditions, per capita disposable income is increasing and this is leading to increased sales of vehicles. This in turn is leading to increased vehicles on the roads, resulting in heavy traffic as well as traffic congestion. This results in an increase in the number of road accidents, particularly those involving pedestrians. Furthermore, the risk of pedestrian fatality is around four times greater in the dark than in daylight. For this reason, several automotive manufacturers have started to deploy infrared imaging systems in vehicles to enable image detection and enhanced visibility.

The key vendors dominating this market space are Flir Systems Inc., Axis Communications AB, and Samsung Techwin. The other vendors mentioned in the report are General Dynamics Corp., Bosch Security Systems Inc., Dali Technology Co. Ltd., Infrared Integrated Systems Ltd (IRISYS), Wuhan Guide Infrared Co. Ltd, L-3 Communications Holdings Inc., DRS Technologies Inc., Ulir Vision, and Vigo Systems SA.

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