In 2014, the North American Short Wave IR Market was influenced by only a few market players.
FLIR Systems, Inc. (U.S.), Excelitas Technologies Corp. (U.S.), DRS Technologies, Inc, Hamamatsu Photonics KK (Japan) and Allied Vision Technologies (Germany) are dominant players in this market. FLIR Systems, Inc. (U.S.) accounted for a significant market share of 17%, which is followed by Excelitas Technologies Corp. (U.S.) accounting for a share of 13%. A diversified product portfolio of SWIR and a good geographic presence enabled these companies to generate maximum revenues from the market in North America.
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These companies have entered into large number of agreements, partnerships, and mergers and acquisitions for expanding their product portfolio and reach. FLIR Systems, Inc. (U.S.) has rapidly expanded in the U.S. The company is striving to secure its leading market position through acquisitions and partnership with leading players of different verticals. The efficient R&D department of FLIR Systems also helps it maintain its position by developing new products for its customers.
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Besides, FLIR Systems; Excelitas Technologies Corp. (U.S.) is also is also one of the major players in the North American Short Wave IR market as it leverages its business position with strong R&D capabilities, for developing new products that cater to the needs of its customers. This has been quite evident from new product launches made by the company for the SWIR market in past few years. In order to expand its control in the market, Excelitas Technologies Corp. acquired Lumen Dynamics and Qioptiq in 2013.
DRS Technologies, Inc. (U.S.) is focused on signing contracts with companies and government agencies associated with the defense sector in the U.S. The company is into thermal cores, thermal detectors, and thermal security cameras and is one of the leading providers of defense electronic products and systems to the U.S. military and other international forces. It has a strong geographic presence and large customer base.
In the North American Short Wave IR market, leading players are adopting strategies such as new product launches, partnerships, agreements, mergers and acquisitions, and expansions to access new technologies, expand their product portfolios, enter growing markets, and to increase their market share. In addition to the top market players, companies such as ULIS (France), Opto Engineering (Europe), Xenics (Europe), and Headwall Photonics Inc.(U.S.) also primarily focus towards launching new products, new agreements, partnerships, and mergers and acquisitions to widen their reach and customer base.
