Global IR and Thermal Imaging systems were the major requirement of military systems for many critical applications. Though the usage remains same, the budget and demand for supply has reduced in military systems and is often inconsistent while demand and budget increased in commercial spaceand are increasingly usedin the areas of transportation, welding, mallsinapplications like automotive night vision, surveillance and infrared cameras in smart phones etc.,
The revenues in this market are expected to raise 11% by 2020 from now. The major revenues are driven by commercial applications than military usage this is possible because of production of many low end products for commercial usage and offering them at a lower price and aggregating the volume of sales.
Major players in this industry are FLIR systems, DRS Technologies, L-3 Security and Detection Systems, Raytheon Integrated defense systems while others include BAE Systems, Honeywell Aerospace, Garmin Avionics and Safety Panasonic Components and Devices, Safran Security, Exelis, General Dynamics Information Systems and Technology, Qinetiq Group PLC, Elbit Systems, Jenoptik Laser &Optics, Lockheed Martin Mission Systems and Training, UTC Fire & Security.
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