Report Sees Long-Term Growth in IR System Market
SAN ANTONIO, Oct. 18 -- Depleted military stockpiles and an expanding commercial market will fuel demand for infrared technology and products, says market researcher Frost & Sullivan in its report, US Commercial and Military Infrared Imaging System Markets . The report predicts growth through 2008, based on new missile programs and those scheduled to replenish inventories following recent military operations, as well as commercial expansion in the industrial, law enforcement, and automotive markets.
Frost & Sullivan sees the greatest growth opportunities in emerging uncooled and multispectral IR sensor technologies, such as microbolometer, ferro-electric, and multiple quantum well sensors; the increasingly improved performance of such sensors, coupled with expanding commercial markets, should contribute to medium and long-term revenue growth.
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