Global Infrared Imaging Market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Global Infrared imaging Market accounted for USD 5.2 billion in 2017 and is projected to grow at a CAGR of 6.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors: Global Infrared imaging Market
Some of the major players in the global infrared imaging market are:-
- Allied Vision Technologies GmbH,
- Axis Communications AB,
- C-THERMAL, Cox Communications Inc.,
- Zhejiang Dali Technology Co. Ltd.,
- FLIR Systems Inc.,
- Fluke Corporation,
- IRCAmeras LLC.,
- L3 Technologies Inc.,
- LEONARDO DRS,
- New Imaging Technologies,
- Princeton Infrared Technologies Inc.,
- Raptor Photonics,
- Sensors Unlimited,
- Tonbo Imaging,
- Infrared Imaging Services LLC.,
- Red Current Ltd ,
- Cascade Thermal Imaging, Inc.,
- InfraRed Imaging Solutions Inc.,
- InfraTec GmbH, among others.
Major Market Drivers and Restraints:
- Increased usage in security and surveillance
- Huge acceptance of infrared cameras in inspection
- Robust development of high speed and advanced featured infrared cameras.
Market Segmentation: Global Infrared imaging Market
The Global Infrared Imaging Market is segmented based on
- Vertical And
- Geographical segments.
Based on Wavelength, the global infrared imaging market is segmented into:-
- Near Infrared (NIR),
- Shortwave Infrared (SWIR),
- Mid-Wave Infrared (MWIR) And
- Long-Wave Infrared (LWIR)
On the basis of Technology, the global infrared imaging market is segmented into:-
- Cooled Infrared Imaging And
- Uncooled Infrared Imaging
On the basis of Application, the global infrared imaging market is segmented into:-
- Security And Surveillance,
- Monitoring and inspection and detection.
The Monitoring and Inspection segment is Sub Segmented into:-
- Condition Monitoring,
- Structural Health Monitoring and quality control.
The Detection Segment is Sub Segmented into:-
- Gas Detection,
- Fire/Flare Detection And
- Body Temperature Measurement.
On the Basis of Vertical, the global infrared imaging market is segmented into:-
- Industrial and Non-Industrial.
- The Industrial Segment Is Sub Segmented Into
- Electronics & Semiconductor,
- Oil & Gas,
- Food & Beverages,
- Glass and Others.
The Non-Industrial Segment is sub segmented into
- Military And Defense,
- Civil Infrastructure,
- Medical and Scientific Research.
Based on Geography, the global infrared imaging market report covers data points for 28 countries across multiple geographies such as:-
- North America,
- South America,
- Asia-Pacific and Middle East & Africa.
Market Definition: Global Infrared imaging Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the infrared imaging market in the next 8 years. Infrared imaging denotes an imaging system that operates in infrared. This imaging is mainly used to enhance and improve visibility of objects present in the dark environment objects’ infrared radiation and then creating an image according to the information gained. Originally, infrared imaging was used during wars. Nowadays infrared imaging is extensively applicable in areas such as security & surveillance, monitoring & inspection and detection. The infrared imaging is used in automotive, aerospace, electronics & semiconductor, oil & gas, food & beverages, civil infrastructure, medical and others. Many developments and upgradation have taken place in the recent years. In February 2018, Raptor Photonics launched VIS-SWIR camera that offers a dynamic range in order to capture bright and dark portions of a scene. In January, 2018, Sofradir launched Snake SW Tecless, it is the smallest detector to enable wider adoption of near infrared imaging for machine vision application. Various mergers and acquisitions took place over past few years for the expansion of product line offerings by the companies. Some of them are FLIR Systems, Inc. that acquired certain assets of DigitalOptics Corporation’s micro-optics business; manufacturer and provider of various infrared optical components. The products of DigitalOptics Corporation are widely used in security, surveillance, photolithography, data communications, laser-based medical equipment, and 3D gesture recognition.
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