PBM is a Portable image in black and white. Can be opened with programs: Adobe Photoshop CS, ACD Systems Canvas 15, ACD Systems ACDSee 17, Newera Graphics Converter Pro, Corel PaintShop Pro X6. File contains 1 bit per pixel. PBM is a kind of file format PPM. And can be readable or binary.
JP2 is a bitmap image format JPEG 2000. This can be a picture, an image from a surveillance camera, digital fax and other. In JPEG 2000 to compress the file using the technology of wavelet transform. This allows for a smoother and sharper image and the file size compared to JPEG for the same quality is lower.