About Infrared Imaging Software
The infrared imaging market has been witnessing vital growth over the past years, primarily attributable to the high adoption of infrared imaging solutions within the developing vertical, particularly for security and surveillance applications. Infrared (IR) imaging technology is employed to measure the temperature of an object. All objects emit electromagnetic radiation, primarily within the IR wavelength, that cannot be seen by the optic. However, IR radiation can be felt as heat on one's skin. The hotter the item, the more IR radiation it emits. The infrared imaging market is anticipated to be led by security & surveillance application throughout the forecast amount. Infrared cameras are being wide adopted for security & surveillance applications as a result of they supply visibility through fog and smoke, and under any illumination conditions. Infrared cameras operating within the long-wave infrared and near-infrared vary are the most favored for surveillance & security applications.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.1% |
The high cost of infrared cameras compared to other substitute technologies available in the market has hindered their widespread adoption. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Infrared Imaging Software 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.
Axis Communications AB (Sweden), BAE Systems Plc (United Kingdom), FLIR Systems Inc (United States), Fortive Corp (United States), Honeywell International Inc (United States), L3Harris Technologies Inc (United States), Leonardo Spa (Italy), Raytheon Co (United States), Testo SE and Co KGaA (Germany) and Thermoteknix Systems Ltd (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Infrared Imaging Software market by Type (On-premise and Cloud based), Application (Surveillance, Security, Automation maintenance, Automotive and Healthcare) and Region.
On the basis of geography, the market of Infrared Imaging Software 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). If we see Market by End-User, the sub-segment i.e. Government Sector will boost the Infrared Imaging Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wavelength, the sub-segment i.e. Near-Infrared will boost the Infrared Imaging Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption by Military and Defense
Market Growth Drivers:
Increasing Adoption of Video Surveillance and Increasing Concerns for Safety
Challenges:
Lack Of Technical Skills
Restraints:
High Cost of Installation and Maintenance
Opportunities:
Increasing Research and Development Activities
Market Leaders and their expansionary development strategies
In January 2024, Infrared Cameras Inc. (ICI) formed a technology partnership with Ondas Holdings Inc., a provider of private wireless data and drone solutions through its wholly owned subsidiaries Ondas Networks Inc. and American Robotics Inc. Through the partnership, combined with ICI’s optical gas imaging and thermal sensors, American Robotics’ autonomous Scout System drone will be equipped with the technology needed to automate inspection of oil and gas assets and identification of methane leaks.
In January 2024, Hanwha Vision, a global vision solution provider, ignites a new era of precision and safety in critical industries with its advanced AI-powered radiometric thermal camera lineups. These next-generation devices transcend basic security, seamlessly fusing cutting-edge artificial intelligence with temperature detection and high-performance imaging to deliver unparalleled solutions for power plants, factories, and oil and gas utilities.
Key Target Audience
Providers of Infrared Imaging Software, Governmental and Regulatory bodies and End-Users
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.