DUBLIN, Apr. 08, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/lxqd8g/infrared_imaging) has announced the addition of the "Infrared Imaging Market by Component (IR Lens System, IR Detector, and Other Components), Technology (Cooled, Uncooled), wavelength (Short, Medium, Long Infrared), Application and Geography - Analysis & Forecast to 2014 - 2020" report to their offering.

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.

The infrared (IR) imaging technology has been successfully utilized in the fields of manufacturing, defense, and military. With advancements in this technology and reducing costs of the IR components and products, the IR technology is expected to have a wider scope of application in areas such as aerospace, firefighting, industrial, homeland security, and automotive. Rapidity in the millisecond range, no risk of contamination, no interference, and no energy lost from the target, are some of the major advantages offered by the IR imaging technology. These advantages have led the IR technology to become an area of interest for new applications and end users from verticals such as medical, science, and research and design among others.

Geographically, the IR imaging market is segmented into the Americas, APAC, Europe, and RoW. The Americas accounts for a major market share and is followed by the European region, then by APAC. RoW covers a small market share at present; however, it is expected to grow in the next five to seven years due to the increasing requirement of security systems in this region. Hence, the subsequent need for IR imaging is expected to rise globally.

Key drivers for the IR imaging ecosystem are the growing market of the uncooled technology and decreasing cost of IR detectors. The IR imaging market, in spite of its exceptional demand, has some restraints in terms of its market growth. The key market restraints can be classified as the high cost of the cooled technology, complexity associated with sensitivity and noise parameters, and availability of other competing technologies. Extending scope of consumer electronics can be a major opportunity for the IR imaging market.

The report focuses on giving a detailed view of the complete IR imaging industry with regards to the application market, with detailed market segmentations, combined with the qualitative analysis of each and every aspect of the classification on the basis of application and geography. All the numbers, at every level of detail, are estimated till 2020, to give a glimpse of the potential size of this market.

Some of the major companies from the IR imaging market include FLIR Systems, Inc. (U.S.), DRS Technologies Inc. (U.S.), Fluke Corporation (U.S.), Axis Communications AB (Sweden), and Sofradir Group (France).

Key Topics Covered:

1 Introduction

2 Research Design

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 IR Imaging Market, By Component

8 IR Imaging Market, By Technology

9 IR Imaging Market, By Wavelength

10 IR Imaging Market, By Application

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

- Axis Communications AB
- Bosch Security Systems, Inc.
- DRS Technologies, Inc.
- Flir Systems Inc.
- Fluke Corporation
- General Dynamics Corporation.
- L-3 Communication Holding, Inc.
- Opgal Optronics Industries Ltd
- Sofradir Group
- Zhejiang Dali Technology

For more information visit http://www.researchandmarkets.com/research/lxqd8g/infrared_imaging

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

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SOURCE Research and Markets