Global Infrared Imaging Market, By Technology (Cooled and Uncooled Infrared Imaging), Wavelength [Near Infrared (NIR), Shortwave Infrared (SWIR), Mid-Wave Infrared (MWIR) and Long-Wave Infrared (LWIR)], Application (Security and Surveillance, Monitoring and Inspection and Detection), Vertical (Industrial and Non-Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Infrared Imaging Market
Growing focus on the technological advancements by the major manufacturers, rising up gradation of existing infrastructure with advanced systems and growth and expansion of security and surveillance industry especially in the developing economies such as India and China are the major factors attributable to the growth of infrared imaging market. Data Bridge Market Research analyses that the infrared imaging market will exhibit a CAGR of 6.85% for the forecast period of 2022-2029. Therefore, the infrared imaging market value would rocket up to USD 9.59 billion by 2029.
Infrared imaging is a technology of capturing infrared light that is otherwise not visible to the naked human eye. Infrared imaging involves the application of infrared cameras, capturers and imagers. Infrared imaging systems use state-of-art technology to generate brittle images.
Rising globalization and growing improvements and technological innovation in infrared detectors will emerge as the major market growth driving factors. Growing application of infrared imaging for inspection and quality control inspection, surging demand for high speed infrared cameras with advanced features for measuring thermal performances and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies and surging focus on the technological advancements in manufacturing the micro bolometers will further carve the way for the growth of the market.
However, availability of competing technologies like thermal imaging will act as a growth restraint for the market. High costs associated with the infrared imaging equipment and research and development proficiencies will further dampen the growth rate of the market. Large scale technological limitations in the underdeveloped economies and stringent governmental regulations will further challenge the market growth rate.
This infrared imaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on infrared imaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Infrared Imaging Market Scope and Market Size
The infrared imaging market is segmented on the basis of technology, wavelength, application and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on technology, the infrared imaging market is segmented into cooled and uncooled infrared imaging.
- Based on wavelength, the infrared imaging market is segmented into near infrared (NIR), shortwave infrared (SWIR), mid-wave infrared (MWIR) and long-wave infrared (LWIR).
- Based on application, the infrared imaging market is segmented into security and surveillance, monitoring and inspection and detection. Monitoring and inspection is sub-segmented into condition monitoring, structural health monitoring and quality control. Detection is sub-segmented into gas detection, fire/flare detection and body temperature measurement.
- Based on vertical, the infrared imaging market is segmented into industrial and non-industrial. Industrial is sub-segmented into automotive, aerospace, electronics and semiconductor, oil and gas, food and beverages, glass and others. Non-industrial is sub-segmented into military and defense, civil infrastructure, medical and scientific research.
Infrared Imaging Market Country Level Analysis
The infrared imaging market is analysed and market size, volume information is provided by country, technology, wavelength, application and vertical as referenced above.
The countries covered in the infrared imaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the infrared imaging market and will continue to flourish its trend of dominance during the forecast period. This is because of the high rate of adoption of infrared imaging in U.S. and Canada. Asia-Pacific region is projected to undergo substantial during the forecast period and will score the highest CAGR owing to the rising digitization of the economies and growing penetration of high speed internet.
The country section of the infrared imaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Infrared Imaging Market Share Analysis
The infrared imaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to infrared imaging market.
Some of the major players operating in the infrared imaging market are Xenics, Lynred, FLIR Systems, Inc., Fortive, United Technologies, Leonardo S.p.A., L3Harris Technologies, Inc., Axis Communications AB., BAE Systems, Testo SE & Co. KGaA, Fluke Corporation, JENOPTIK AG, HT Italia S.r.l., Allied Vision Technologies GmbH, Zhejiang Dali Technology Co.,Ltd., FluxData Inc., CorDEX Instruments., IRCameras LLC., Keysight Technologies among others.
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