World Military Infrared Market Growth Expected to Accelerate

World military infrared markets grew slowly in 2015 to just under $7 billion mainly because of budgetary pressures in the U.S. and Europe. However, defense budget spending limits in the U.S. and many European countries are beginning to ease as the priority of new security threats outweighs budgetary pressures. In addition, increased spending in the Middle East and Asia and a number of new programs in the U.S. are expected to revive growth over the next five years. By 2020, world infrared markets are expected to reach $8.5 billion. |

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