(Vol. IRW-M, 2015 Edition)
MAXTECH INTERNATIONAL, INC. Fairfield CT, USA. — Maxtech International, Inc. is releasing the 2015 edition of its market research report on military infrared detectors and systems markets, Vol. IRW-M. Military budgets worldwide continue to be under pressure, especially in the U.S. and Europe where budget deficits are forcing reductions in military expenditures.
In addition, in the U.S., the drawdown in forces from Afghanistan and the timing of procurements in certain infrared programs (such as 2nd Gen cooled and some uncooled sights) is resulting in a temporary slowdown. At the same time geopolitical pressures in Eastern Europe, Asia, as well as the Mid-East are resulting in defense budget increases in some countries.
Infrared imaging/night vision technology continues to provide a powerful force multiplier and is an essential part of military systems. Several trends are expected to help grow the military infrared imaging market over the next five years: Continue reading