May 14th 2016 Mumbai, India: Bharatbook.com announces a report on “ Brazil Thermal Imaging Market ”. In Brazil thermal imaging market, uncooled technology based thermal imaging systems are mainly utilized, although a shift in demand towards cooled technology thermal imaging systems is anticipated over the next six years
Brazil is amongst the leading economies in Latin-America. In last five years, the country has invested several billion dollars in its defense sector to upgrade armed forces and various defense equipment. Also, surging drug trafficking and upcoming Rio Olympic 2016 have added the need for advanced security systems such as thermal imaging systems in the country. Amongst all verticals, defense vertical recorded lion share in terms of revenues, whereas industrial vertical registered majority of the volume share in overall Brazil’s thermal imaging systems market.
Brazil thermal imaging market is expected to reach $79.4 million by 2022. The market inclined during 2012-14 owing to several defense upgrade projects such as AMX and F-5 fighter jets along with modernization of Panthers, Fennec and Esquilo helicopters. Overall market volume declined in 2015 due to weak economic conditions, lower defense spending and rising prices. Similar trend is anticipated in 2016, however, the market is expected to revive back in 2017.
In Brazil thermal imaging market, uncooled technology based thermal imaging systems are mainly utilized, although a shift in demand towards cooled technology thermal imaging systems is anticipated over the next six years
The report thoroughly covers thermal imaging market types, technology, applications and verticals. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
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