Infrared Imaging Market Size, Share and Trends Forecast to 2027
Infrared Imaging Market
The Infrared Imaging Market is anticipated to grow at a robust CAGR over the forecast period (2020-2027).
The factors driving the growth of Infrared Imaging Market includes increasing application of infrared imaging products in the end-use industries such as military & defense, consumer electronics and electricals, rising penetration of Short-Wave Infrared (SWIR) cameras and growing demand for wireless temperature sensors and driver assistance systems. According to the report published by Bloomberg, the Global Consumer Electronics Market is predicted to reach USD 838.85 billion, during the forecast period (2012-2020), which will boost the Infrared Imaging Market share in the approaching years. Moreover, the technological advancements in infrared detectors, increasing investments on research and development related activities by the leading players and rapid urbanization, are some of the additional factors supplementing the Infrared Imaging Market size. In addition, the increasing number of surgical procedures around the world such as cancer surgery and cardiovascular surgery, rising disposable incomes and the modernization of the armed forces, are further pushing the market’s growth.
However, the growth of Infrared Imaging Market is hindered due to strict regulations imposed by Governments regarding export and import of infrared imaging products.
The prominent player operating in the market are Axis Communications AB, NIT, Opgal Optronic Industries Ltd., Fluke Corporation, FLIR Systems, Inc., Leonardo DRS, Lynred, Allied Vision Technologies GmbH, Sensors Unlimited and Xenics nv, among others.
Application – Segment Analysis
Based on application, the security & surveillance segment is projected to expand at a significant CAGR during forecast period attributed to increase in Government’ spending on the Defense and Military sector.
Wavelength – Segment Analysis
Based on wavelength, the near infrared segment is predicted to grow at a remarkable CAGR over the forecast period. The increasing application of near infrared imaging in surgical procedures along with its ability to detect changes induced by brain activity, are some of the key factors augmenting the growth of the segment.
Regional – Segment Analysis
Based on region, the North American region is expected to capture a sizeable market share during the forecast period. The increasing application of infrared imaging in healthcare industry, presence of the major players such as Fluke Corporation and Leonardo DRS, growing demand for consumer electronics items and high per capita incomes, are some of the important factors influencing the market growth in North America.
Market Segmentation
Global Infrared Imaging Market by Technology
Cooled Infrared Imaging
Uncooled Infrared Imaging
Global Infrared Imaging Market by Wavelength
Near Infrared
Short-Wave Infrared
Mid-Wave Infrared
Long-Wave Infrared
Global Infrared Imaging Market by Application
Security & Surveillance
Monitoring & Inspection
Detection
Global Infrared Imaging Market by Vertical
Automotive
Aerospace
Electronics & Semiconductor
Oil & Gas
Food & Beverage
Military & Defense
Medical
Others
Global Infrared Imaging Market by Region
Asia PacificChina
Japan
India
Rest of APAC
North AmericaUnited States of America
Canada
EuropeUnited Kingdom
Germany
France
Spain
Rest of Europe
RoWBrazil
South Africa
Saudi Arabia
UAE
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