FLIR Systems Inc.

FLIR Systems Inc. Overview

Company Global Headquarters: US

Founded: 1978

Workforce: ~3,649

Company Overview. FLIR Systems Inc. (FLIR Systems) designs, develops, markets, and distributes the solutions such as thermal imaging cameras, imaging sensors, and their components. The company sells its products to various end markets, including original equipment manufacturers (OEMs), homeland security, industrial, consumer, military, enterprise, environmental, and infrastructure. FLIR Systems operates through six segments, namely surveillance, instruments, security, OEM & emerging markets, maritime, and detection. The surveillance segment offers recognition and enhanced imaging solutions under commercially developed, military qualified (CDMQ) models for law enforcement, military, public safety agencies, and other government customers. The company operates globally in the Americas, Europe, Asia, and the Middle East and Africa.

Strategy

FLIR Systems use a commercial operating model for product strategy and technology investment. The company primarily focuses on product development and acquisitions for its growth as well as global expansion. The company has a wide geographical presence and major focus on developing innovative technologies. The key elements of growth for FLIR Systems include controlling the corners where company seeks strong position in both entry-level and high-performance price points. In each market the company serves- lower costs and increasing awareness of its products, identifying the market needs and accordingly invest in research, distribution, staffing, and product development, and increasing focus on brand, distribution and innovation.

Company Snapshot

$1.53M

Revenue

3,649

Employees

1978

Founded

SWOT Analysis

Strengths

Global distribution capabilities
High investments in research and development
Broad product lines
Strong presence in the US
Strong research and development base

Weaknesses

Involved in lawsuits concerning intellectual property, shareholder litigation, and regulatory proceedings.
Fail to integrate acquisitions into business operations.
Dependency on North America

Opportunities

Use of thermal sensor technology into video surveillance
Intelligent video surveillance
Expansion of product portfolio

Threats

Impact of Eurozone crises
Risks from currency fluctuations
Intense competition
Changing government policies

Key Developments

Date	Approach	Development
–	–	FLIR Systems Inc. launched the TruWITNESS mobile sensor platform that combines audio, video, IoT capabilities and cloud management software in a unified solution that allows organizations to increase security and situational awareness.
–	–	FLIR Systems Inc. launched FLIR Firefly camera family—a deep learning-enabled machine vision camera integrated with the Intel Movidius 2 Vision Processing Unit (VPU) for faster and accurate decisions with easier system development.
–	–	FLIR Systems Inc. launched a fixed bullet thermal security camera — FLIR FB Series O, designed for short to medium range area protection. The integration of this camera with FLIR analytic encoders such as FLIR ioi TRK-101 aids in distinguishing between vehicles and humans.

Product Offering

FLIR Systems Inc.
- Video Management Systems
- Thermal Security Cameras
- Visible Security Cameras
- Command and Control Software
- Military IoT

Financial Performance

What our clients say

Trusted by forward-thinking businesses
for data-driven intelligence

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.