TechNavio today launched its report Global Infrared Imaging Market 2012-2016 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said:”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”
According to the report, 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.
Further, the report discusses that the commercialization of these systems has paved way toward the development of uncooled infrared focal plane arrays. These imaging systems negate the need for expensive cooling systems in infrared cameras.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-infrared-imaging-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research report-Global Infrared Imaging Market 2012-2016
