IMAGE: Yole Développement report notes a 30% growth in shipments of uncooled IR cameras and a 7% increase in revenue in 2014.
The uncooled thermal camera market re-entered a growth phase in 2014, after a subpar 2012 and 2013, thanks to an earlier-than expected stabilization of military demand and a dynamic commercial business. In its latest report on uncooled infrared (IR) imaging technology, Yole Développement (Lyon, France) saw a 30% growth in shipments and a 7% increase in revenue in 2014.
This trend will continue for several years. The analysis indicates that shipments will be driven by three rapidly expanding commercial markets: thermography, automotive, and surveillance. These markets are driven by the leading thermal camera supplier, FLIR Systems (Wilsonville, OR), especially at the imager level.
Yole’s analysts say that commercial markets dominate thermal imaging, and were worth $1.29 billion in 2014. FLIR Systems was especially successful in that year, far exceeding the market’s average growth in shipments. “FLIR System’s leadership was enabled by its efficient vertically-integrated business model,” notes Yann de Charentenay, Senior, Technology & Market Analyst at Yole.
For more information: see Uncooled Infrared Imaging Technology & Market Trends (June 2015 edition) at Yole Développement