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The market in North America is expected to dominate the global IR camera market in terms of revenue as compared to the markets in other regions. North America market is expected to continue its domAsia Pacific market is expected to account for significant revenue share to the global IR camera market, owing to increasing demand form commercial and industrial sector and rising government expenditure on defense in emerging economies in this region.
According to Institute for Defense Studies and Analyses, India in its budget announced allocation of US$53.3 Bn to ministry of defense.inance in the global IR camera market over the forecast period.