About Infrared Imaging
The global infrared imaging market is expected to grow in the forecasted period due to Infrared cameras are used in military applications. Infrared Imaging is the technique that captures the changing invisible Infrared images into visible ones. Unlike visible light, Infrared light cannot be detected by human’s naked eyes. Developments in uncooled IR imaging technology coupled with the availability of reasonably priced IR cameras led to the commercialization of the IR imaging market. IR cameras have gained prominence in several applications such as firefighting, industrial imaging, security, and surveillance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 7.3% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Infrared Imaging market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
FLIR Systems (United States), Fluke (United States), Sensors Unlimited (United States), Leonardo DRS (United States), Xenics (Belgium), Opgal Optronic Industries (Israel), Axis Communications (Sweden), New Imaging Technologies (France), Allied Vision Technologies (Germany) and Sofradir (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Infrared Imaging market by , Application (Aerospace & Defense, Medical, Consumer Electronics, Firefighting, Automotive, Industrial and Surveillance) and Region.
On the basis of geography, the market of Infrared Imaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Cooled Infrared Imaging will boost the Infrared Imaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. IR Detectors will boost the Infrared Imaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Waveleangth, the sub-segment i.e. Near-Infrared will boost the Infrared Imaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Infrared Cameras in Quality Control and Inspection Application and Increasing Adoption by Untapped Applications
Market Growth Drivers:
Growing Demand from Security and Surveillance Application and Growing Demand from Uncooled Infrared Cameras
Challenges:
High Cost of Infrared Cameras
Restraints:
Stringent Government Regulations of Import and Export
Opportunities:
The Rising Opportunities From Emerging Countries and High Growth From Consumer Electronic Industry
Market Leaders and their expansionary development strategies
On December 12, 2023, Seek Thermal unveils the Seek Reveal XR, a pocket-sized thermal imaging camera with augmented reality capabilities, allowing users to overlay thermal data on the real world for enhanced visualization in search and rescue, building inspection, and outdoor activities.
Key Target Audience
Infrared Imaging Providers, Government Regulatory Bodies, Government Research Organization, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.