World infrared imaging markets are poised to enter a new phase. The development of new low-cost uncooled imaging detector cores and competitive pressures are leading to lower prices in a wide range of applications from thermographic inspections to law enforcement. At the same time, smartphone thermal imagers at prices under $200 are making the technology available to consumers who have not previously been exposed to infrared imaging.
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.