Introduction of the Infrared Imaging Market Report

Infrared imaging technology is used to measure the temperature of an object. It is defined as a technique that converts invisible infrared images into visible ones. It is not possible for naked human eye to sense infrared light. Thus, it becomes essential to have infrared cameras and imagers that have special sensors, which are used to convert infrared signals into electrical signals that are further converted into an image.

To have an edge over the competition by knowing the market dynamics and current trends of “Infrared Imaging Market,” request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The major factor supplementing the growth of the global infrared imaging market is the high adoption of infrared imaging cameras in the security & surveillance activities such that it can be used in harsh environments, such as haze, fog, smoke, and water vapor. Furthermore, they are highly used in military & defense for the detection and monitoring of the movement of humans or objects and also for chemical, biological, radiological, and nuclear defense (CBRNE) detection. Companies operating in this market are receiving a number of contracts for the supply or development of infrared camera products for the military & defense vertical. For instance, in 2018, DRS Network & Imaging Systems LLC received a $79.3 million contract from the Defense Logistics Agency to build infrared system parts. All these factors are contributing to the growth of the global infrared imaging market.

Impact of COVID-19 on the Infrared Imaging Market

The widespread outbreak of the coronavirus has led to a decline in the growth rate of the infrared imaging market. This is mainly because organizations in most of the demand-generating verticals are non-operational in various countries. Thus, the pandemic has negatively impacted the demand for infrared imaging products. Moreover, the Covid-19 pandemic has disrupted the supply chain of the infrared imaging market from manufacturing to the installation of infrared imaging solutions.

Restraint in the Infrared Imaging Market

The high cost of infrared cameras and stringent regulations set by various governments are the major factors hampering the growth of the global infrared imaging market. Small-wave infrared cameras are more expensive than long-wave and mid-wave infrared cameras. Small-wave cameras are supported by indium gallium arsenide (InGaAs) sensors, which is a costly semiconductor material. These factors might restrain the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Application – Segment Analysis

Based on the application, the security & surveillance segment is expected to grow at a higher CAGR over the forecast period. Infrared cameras are widely adopted for security & surveillance applications as they provide visibility through smoke and fog and under any illumination conditions. In addition, the increase in investments by the governments in the military & defense sector is another factor bolstering the growth of the security & surveillance segment in the global infrared imaging market.

Wavelength – Segment Analysis

On the basis of the wavelength, the near infrared segment is anticipated to grow at a faster CAGR over the forecast period. Near infrared imaging uses light between 650 to 950 nm to detect injury, or disease. It is a powerful diagnostic tool for minimally invasive and non-ionizing method. The increase in the number of surgical procedures across the globe for gastrointestinal surgery, cardiovascular surgery, cancer surgery, plastic surgeries coupled with the rise in prevalence of target diseases, which include breast cancer, prostate cancer, colon cancer, and lung cancer are the major factors that play a vital role in augmenting the growth of the near infrared segment in the global infrared imaging market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Region – Segment Analysis

Based on the region, the North America region is projected to grow at a higher CAGR during the forecast period. This is mainly due to its high adoption in the healthcare sector for several surgical procedures. Other factors, such as the presence of leading players offering infrared imaging systems, such as FLIR Systems, Fluke Corporation, Leonardo DRS, among others, rise in the adoption of near infrared imaging systems, and easy availability of NIR imaging systems are contributing to the growth of the infrared imaging market in North America.

Top Market Players

Various notable players operating in the market include Fluke Corporation, FLIR Systems, Inc., Leonardo DRS, Sensors Unlimited, Xenics nv, Axis Communications AB, NIT, Opgal Optronic Industries Ltd., Lynred, and Allied Vision Technologies GmbH, among others. 

Key Developments

• • In 2020, FLIR Systems, Inc. announced the expansion of its Exx-Series of advanced thermal imaging cameras by launching four new products: the E96, E76, E54, and E86. These cameras are developed to help professionals detect the early signs of building issues, troubleshoot electrical and mechanical systems, identify hot spots, and prevent problems before they cause damage that leads to costly repairs.
  • In 2020, NIT launched a new small-wave infrared camera, WiDy SenS 640A-STE, which is an addition to the WiDy SenS family. This product is perfect for embedded applications in drones, naval platforms, UAVs, or land. 

Segments covered in the Report:

The global infrared imaging market has been segmented on the basis of technology, wavelength, application, vertical and regions. Based on technology, the market is segmented into cooled infrared imaging and uncooled infrared imaging. Based on wavelength, the market is segmented into near infrared, short-wave infrared, mid-wave infrared, and long-wave infrared. Based on application, the market is segmented into security & surveillance, monitoring & inspection, and detection. Based on vertical, the market is segmented into automotive, aerospace, electronics & semiconductor, oil & gas, food & beverage, military & defense, medical, and others. 

For detailed scope of the “Infrared Imaging Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global infrared imaging market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in infrared imaging market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global infrared imaging market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various wavelength areas of global infrared imaging market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Wavelength, By Application, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Fluke Corporation, FLIR Systems, Inc., Leonardo DRS, Sensors Unlimited, Xenics nv, Axis Communications AB, NIT, Opgal Optronic Industries Ltd., Lynred, Allied Vision Technologies GmbH, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

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

• • North America Infrared Imaging Market (Option 1: As a part of the free 25% customization)
    • North America Market by Technology
    • North America Market by Wavelength
    • North America Market by Application
    • North America Market by Vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Infrared Imaging Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Technology
    • Europe Market by Wavelength
    • Europe Market by Application
    • Europe Market by Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Infrared Imaging Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Technology
    • Asia-Pacific Market by Wavelength
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Infrared Imaging Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Technology
    • RoW Market by Wavelength
    • RoW Market by Application
    • RoW Market by Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Infrared Imaging (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Fluke Corporation
  • FLIR Systems, Inc.
  • Leonardo DRS
  • Sensors Unlimited
  • Xenics nv
  • Axis Communications AB
  • NIT
  • Opgal Optronic Industries Ltd.
  • Lynred
  • Allied Vision Technologies GmbH