Infrared Imaging Market

Infrared Imaging Market Size, Share, Growth Analysis, By Technology(Cooled, Uncooled), By Wavelength(Near Infrared, Short-wave Infrared (SWIR)), By Application(Security & Surveillance, Monitoring & Inspection), By Vertical(Industrial, Nonindustrial), By Region(North America, Europe) - Industry Forecast 2023-2030


Report ID: UCMIG45J2162 | Region: Global | Published Date: Upcoming | Pages: 165 | Tables: 55 | Figures: 60

Infrared Imaging Market Insights

Market Overview:

The market for infrared imaging is anticipated to reach USD 9.6 billion by 2028, at a CAGR of 7.3% over the forecast period, from an estimated USD 6.7 billion in 2023. The main elements driving market expansion will be rising globalization, expanding technical innovation, and advancements in infrared detectors. Growing investment in R&D capabilities and a growing emphasis on technological developments in the production of micro bolometers would pave the way for the market's expansion.

Infrared Imaging Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Equipment & Instruments by segment aggregation, the contribution of the Electronic Equipment & Instruments in Technology Hardware & Equipment and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Infrared Imaging Market is segmented by Technology, Wavelength, Application, Vertical, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Infrared Imaging Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Technology the market is segmented as, Cooled, Uncooled
  • Based on Wavelength the market is segmented as, Near Infrared, Short-wave Infrared (SWIR), Mid-wave Infrared (MWIR), Long-wave Infrared (LWIR)
  • Based on Application the market is segmented as, Security & Surveillance, Monitoring & Inspection, Detection
  • Based on Vertical the market is segmented as, Industrial, Nonindustrial
  • Based on Region the market is segmented as, North America, Europe, Asia Pacific, Rest of the World, KEY MARKET PLAYERS, Teledyne FLIR LLC, Leonardo DRS, Axis Communications AB, Zhejiang Dali Technology Co.,Ltd., OPGAL Optronics Industries Ltd, L3Harris Technologies, Inc, Fluke Corporation, Raytheon Technologies Corporation, Xenics nv

Regional Analysis:

Infrared Imaging Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Infrared Imaging Market Attractiveness Analysis, By Region 2020-2028
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Infrared Imaging Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Infrared Imaging Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Infrared Imaging Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Infrared Imaging Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Infrared Imaging Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • d imaging market is estimated to be worth USD 6.7 billion in 2023 and is projected to reach USD 9.6 billion by 2028, at a CAGR of 7.3% during the forecast period. Increased adoption of infrared imaging products in security & surveillance application is one of the major drivers that fuels market growth.
  • Driver: Increasing use of infrared cameras in quality control and inspection application
  • The increasing use of infrared cameras in quality control and inspection applications has emerged as a significant trend in various industries. These highly advanced cameras enable businesses to enhance their quality control processes by providing non-destructive and non-contact testing capabilities. By capturing and analyzing thermal patterns, infrared cameras can identify anomalies, defects, or variations in temperature that may indicate potential issues with products or equipment. This technology allows for real-time monitoring, precise measurement, and efficient analysis, resulting in improved product quality, reduced waste, and enhanced overall operational efficiency.
  • Restraint: Limitations associated with image resolution and sensitivity of infrared cameras
  • The limited resolution and sensitivity lead to restrict the adoption of infrared imaging in certain high-precision applications and industries that demand exceptional image quality and detail. This leads to reliance on alternative imaging technologies or the need for supplementary methods to achieve the desired level of accuracy.
  • Opportunity: Emerging infrared imaging applications in automotive sector
  • Emerging infrared imaging applications in the automotive sector are driving innovation and transforming the driving experience. Infrared imaging technology offers advanced capabilities that enhance vehicle safety, convenience, and efficiency. One notable application is in driver monitoring systems, where infrared cameras can detect driver drowsiness or distraction by monitoring eye movements and alerting the driver in real time.
  • Challenge: High cost of infrared cameras to challenge adoption
  • The higher cost of a SWIR camera restricts its widespread adoption and impacts the overall infrared imaging market. While LWIR and MWIR cameras are also expensive, their price varies as per the application. For instance, infrared imaging cameras used for building inspection are usually less expensive than those used in research and development applications.
  • Infrared Imaging Market Ecosystem
  • The infrared imaging market is marked by the presence of a few tier-1 companies, such as Teledyne FLIR LLC (US), Fluke Corporation (US), Raytheon Technologies Corporation (US), Leonardo DRS (US), Axis Communications AB (Sweden), and many more. These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable infrared imaging offerings.
  • The market for uncooled infrared imaging by technology to hold largest market share during the forecast period
  • the expanding applications of uncooled infrared imaging in areas like automotive, security, and agriculture have fueled its growth. Also, the ease of use and the ability to capture thermal data in real-time without the need for cooling systems have made uncooled infrared imaging a preferred choice for many users.
  • Long-wave infrared by wavelength held the largest market share in 2023
  • LWIR cameras provide an extended wavelength range, enabling superior detection of small temperature differentials and enhancing image quality. This characteristic makes them highly suitable for critical applications like predictive maintenance, where identifying subtle temperature variations is essential. Moreover, LWIR cameras have experienced significant advancements in detector technology, resulting in heightened sensitivity and improved resolution.
  • Monitoring & Inspection by application to witness highest CAGR during forecast period
  • Infrared imaging facilitates non-destructive monitoring and inspection across industries by capturing thermal signatures. It assists in preventive maintenance, quality control, energy audits, building inspections, healthcare diagnostics, and agriculture, enabling the detection of anomalies, process optimization, and efficiency improvement.
  • Asia Pacific held to register highest CAGR in the infrared imaging market during forecast period
  • The Asia Pacific region is one of the key markets for infrared imaging market. The increasing adoption of thermal imaging technology across various sectors has driven the demand for infrared cameras and related products. Several companies in the region are actively involved in the development, production, and distribution of infrared imaging solutions. The technology continues to advance, and its applications are expanding to new areas, promoting safety, efficiency, and innovation in the region.
  • Recent Developments
  • In February 2023, Xenics nv (Belgium) launched Lynx R and XSL R series, expanding its linear SWIR camera portfolio. Linear SWIR cameras are available for demanding applications such as food sorting, machine vision, spectroscopy, optical fiber monitoring, semiconductor inspection, LIDAR sensing and spectral-domain optical coherence tomography.
  • In April 2023, Raytheon Technologies (US) announced the launch of RAIVEN, an innovative tool that boosts the situational awareness capabilities of military & security personnel. Its primary purpose is to deliver real-time video streaming and advanced analytics in demanding environments, empowering users with enhanced insights and information..
  • In June 2022, Teledyne FLIR LLC (US) and United States Coast Guard (USCG) signed a contract that to provide Maritime Forward Looking Infrared (MARFLIR) II sensors and SeaFLIR 280-HD surveillance systems. This contract strengthens Teledyne FLIR Defense's position as a trusted provider of cutting-edge imaging solutions for defense applications.
  • KEY MARKET SEGMENTS
  • By Technology
  • Cooled
  • Uncooled
  • By Wavelength
  • Near Infrared
  • Short-wave Infrared (SWIR)
  • Mid-wave Infrared (MWIR)
  • Long-wave Infrared (LWIR)
  • By Application
  • Security & Surveillance
  • Monitoring & Inspection
  • Detection
  • By Vertical
  • Industrial
  • Nonindustrial
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
  • KEY MARKET PLAYERS
  • Teledyne FLIR LLC
  • Leonardo DRS
  • Axis Communications AB
  • Zhejiang Dali Technology Co.,Ltd.
  • OPGAL Optronics Industries Ltd
  • L3Harris Technologies
  • Inc, Fluke Corporation
  • Raytheon Technologies Corporation
  • Xenics nv
  • Allied Vision Technologies GmbH

SkyQuest's Expertise:

The Infrared Imaging Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Technology - Cooled, Uncooled
  • By Wavelength - Near Infrared, Short-wave Infrared (SWIR), Mid-wave Infrared (MWIR), Long-wave Infrared (LWIR)
  • By Application - Security & Surveillance, Monitoring & Inspection, Detection
  • By Vertical - Industrial, Nonindustrial
  • By Region - North America, Europe, Asia Pacific, Rest of the World, KEY MARKET PLAYERS, Teledyne FLIR LLC, Leonardo DRS, Axis Communications AB, Zhejiang Dali Technology Co.,Ltd., OPGAL Optronics Industries Ltd, L3Harris Technologies, Inc, Fluke Corporation, Raytheon Technologies Corporation, Xenics nv
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • d imaging market is estimated to be worth USD 6.7 billion in 2023 and is projected to reach USD 9.6 billion by 2028, at a CAGR of 7.3% during the forecast period. Increased adoption of infrared imaging products in security & surveillance application is one of the major drivers that fuels market growth.
  • Driver: Increasing use of infrared cameras in quality control and inspection application
  • The increasing use of infrared cameras in quality control and inspection applications has emerged as a significant trend in various industries. These highly advanced cameras enable businesses to enhance their quality control processes by providing non-destructive and non-contact testing capabilities. By capturing and analyzing thermal patterns, infrared cameras can identify anomalies, defects, or variations in temperature that may indicate potential issues with products or equipment. This technology allows for real-time monitoring, precise measurement, and efficient analysis, resulting in improved product quality, reduced waste, and enhanced overall operational efficiency.
  • Restraint: Limitations associated with image resolution and sensitivity of infrared cameras
  • The limited resolution and sensitivity lead to restrict the adoption of infrared imaging in certain high-precision applications and industries that demand exceptional image quality and detail. This leads to reliance on alternative imaging technologies or the need for supplementary methods to achieve the desired level of accuracy.
  • Opportunity: Emerging infrared imaging applications in automotive sector
  • Emerging infrared imaging applications in the automotive sector are driving innovation and transforming the driving experience. Infrared imaging technology offers advanced capabilities that enhance vehicle safety, convenience, and efficiency. One notable application is in driver monitoring systems, where infrared cameras can detect driver drowsiness or distraction by monitoring eye movements and alerting the driver in real time.
  • Challenge: High cost of infrared cameras to challenge adoption
  • The higher cost of a SWIR camera restricts its widespread adoption and impacts the overall infrared imaging market. While LWIR and MWIR cameras are also expensive, their price varies as per the application. For instance, infrared imaging cameras used for building inspection are usually less expensive than those used in research and development applications.
  • Infrared Imaging Market Ecosystem
  • The infrared imaging market is marked by the presence of a few tier-1 companies, such as Teledyne FLIR LLC (US), Fluke Corporation (US), Raytheon Technologies Corporation (US), Leonardo DRS (US), Axis Communications AB (Sweden), and many more. These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable infrared imaging offerings.
  • The market for uncooled infrared imaging by technology to hold largest market share during the forecast period
  • the expanding applications of uncooled infrared imaging in areas like automotive, security, and agriculture have fueled its growth. Also, the ease of use and the ability to capture thermal data in real-time without the need for cooling systems have made uncooled infrared imaging a preferred choice for many users.
  • Long-wave infrared by wavelength held the largest market share in 2023
  • LWIR cameras provide an extended wavelength range, enabling superior detection of small temperature differentials and enhancing image quality. This characteristic makes them highly suitable for critical applications like predictive maintenance, where identifying subtle temperature variations is essential. Moreover, LWIR cameras have experienced significant advancements in detector technology, resulting in heightened sensitivity and improved resolution.
  • Monitoring & Inspection by application to witness highest CAGR during forecast period
  • Infrared imaging facilitates non-destructive monitoring and inspection across industries by capturing thermal signatures. It assists in preventive maintenance, quality control, energy audits, building inspections, healthcare diagnostics, and agriculture, enabling the detection of anomalies, process optimization, and efficiency improvement.
  • Asia Pacific held to register highest CAGR in the infrared imaging market during forecast period
  • The Asia Pacific region is one of the key markets for infrared imaging market. The increasing adoption of thermal imaging technology across various sectors has driven the demand for infrared cameras and related products. Several companies in the region are actively involved in the development, production, and distribution of infrared imaging solutions. The technology continues to advance, and its applications are expanding to new areas, promoting safety, efficiency, and innovation in the region.
  • Recent Developments
  • In February 2023, Xenics nv (Belgium) launched Lynx R and XSL R series, expanding its linear SWIR camera portfolio. Linear SWIR cameras are available for demanding applications such as food sorting, machine vision, spectroscopy, optical fiber monitoring, semiconductor inspection, LIDAR sensing and spectral-domain optical coherence tomography.
  • In April 2023, Raytheon Technologies (US) announced the launch of RAIVEN, an innovative tool that boosts the situational awareness capabilities of military & security personnel. Its primary purpose is to deliver real-time video streaming and advanced analytics in demanding environments, empowering users with enhanced insights and information..
  • In June 2022, Teledyne FLIR LLC (US) and United States Coast Guard (USCG) signed a contract that to provide Maritime Forward Looking Infrared (MARFLIR) II sensors and SeaFLIR 280-HD surveillance systems. This contract strengthens Teledyne FLIR Defense's position as a trusted provider of cutting-edge imaging solutions for defense applications.
  • KEY MARKET SEGMENTS
  • By Technology
  • Cooled
  • Uncooled
  • By Wavelength
  • Near Infrared
  • Short-wave Infrared (SWIR)
  • Mid-wave Infrared (MWIR)
  • Long-wave Infrared (LWIR)
  • By Application
  • Security & Surveillance
  • Monitoring & Inspection
  • Detection
  • By Vertical
  • Industrial
  • Nonindustrial
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
  • KEY MARKET PLAYERS
  • Teledyne FLIR LLC
  • Leonardo DRS
  • Axis Communications AB
  • Zhejiang Dali Technology Co.,Ltd.
  • OPGAL Optronics Industries Ltd
  • L3Harris Technologies
  • Inc, Fluke Corporation
  • Raytheon Technologies Corporation
  • Xenics nv
  • Allied Vision Technologies GmbH
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Infrared Imaging Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Infrared Imaging Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • d imaging market is estimated to be worth USD 6.7 billion in 2023 and is projected to reach USD 9.6 billion by 2028, at a CAGR of 7.3% during the forecast period. Increased adoption of infrared imaging products in security & surveillance application is one of the major drivers that fuels market growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Driver: Increasing use of infrared cameras in quality control and inspection application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The increasing use of infrared cameras in quality control and inspection applications has emerged as a significant trend in various industries. These highly advanced cameras enable businesses to enhance their quality control processes by providing non-destructive and non-contact testing capabilities. By capturing and analyzing thermal patterns, infrared cameras can identify anomalies, defects, or variations in temperature that may indicate potential issues with products or equipment. This technology allows for real-time monitoring, precise measurement, and efficient analysis, resulting in improved product quality, reduced waste, and enhanced overall operational efficiency.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraint: Limitations associated with image resolution and sensitivity of infrared cameras
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The limited resolution and sensitivity lead to restrict the adoption of infrared imaging in certain high-precision applications and industries that demand exceptional image quality and detail. This leads to reliance on alternative imaging technologies or the need for supplementary methods to achieve the desired level of accuracy.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Opportunity: Emerging infrared imaging applications in automotive sector
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Emerging infrared imaging applications in the automotive sector are driving innovation and transforming the driving experience. Infrared imaging technology offers advanced capabilities that enhance vehicle safety, convenience, and efficiency. One notable application is in driver monitoring systems, where infrared cameras can detect driver drowsiness or distraction by monitoring eye movements and alerting the driver in real time.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Challenge: High cost of infrared cameras to challenge adoption
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The higher cost of a SWIR camera restricts its widespread adoption and impacts the overall infrared imaging market. While LWIR and MWIR cameras are also expensive, their price varies as per the application. For instance, infrared imaging cameras used for building inspection are usually less expensive than those used in research and development applications.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Infrared Imaging Market Ecosystem
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The infrared imaging market is marked by the presence of a few tier-1 companies, such as Teledyne FLIR LLC (US), Fluke Corporation (US), Raytheon Technologies Corporation (US), Leonardo DRS (US), Axis Communications AB (Sweden), and many more. These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable infrared imaging offerings.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market for uncooled infrared imaging by technology to hold largest market share during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • the expanding applications of uncooled infrared imaging in areas like automotive, security, and agriculture have fueled its growth. Also, the ease of use and the ability to capture thermal data in real-time without the need for cooling systems have made uncooled infrared imaging a preferred choice for many users.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Long-wave infrared by wavelength held the largest market share in 2023
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • LWIR cameras provide an extended wavelength range, enabling superior detection of small temperature differentials and enhancing image quality. This characteristic makes them highly suitable for critical applications like predictive maintenance, where identifying subtle temperature variations is essential. Moreover, LWIR cameras have experienced significant advancements in detector technology, resulting in heightened sensitivity and improved resolution.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Monitoring & Inspection by application to witness highest CAGR during forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Infrared imaging facilitates non-destructive monitoring and inspection across industries by capturing thermal signatures. It assists in preventive maintenance, quality control, energy audits, building inspections, healthcare diagnostics, and agriculture, enabling the detection of anomalies, process optimization, and efficiency improvement.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific held to register highest CAGR in the infrared imaging market during forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The Asia Pacific region is one of the key markets for infrared imaging market. The increasing adoption of thermal imaging technology across various sectors has driven the demand for infrared cameras and related products. Several companies in the region are actively involved in the development, production, and distribution of infrared imaging solutions. The technology continues to advance, and its applications are expanding to new areas, promoting safety, efficiency, and innovation in the region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In February 2023, Xenics nv (Belgium) launched Lynx R and XSL R series, expanding its linear SWIR camera portfolio. Linear SWIR cameras are available for demanding applications such as food sorting, machine vision, spectroscopy, optical fiber monitoring, semiconductor inspection, LIDAR sensing and spectral-domain optical coherence tomography.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In April 2023, Raytheon Technologies (US) announced the launch of RAIVEN, an innovative tool that boosts the situational awareness capabilities of military & security personnel. Its primary purpose is to deliver real-time video streaming and advanced analytics in demanding environments, empowering users with enhanced insights and information..
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In June 2022, Teledyne FLIR LLC (US) and United States Coast Guard (USCG) signed a contract that to provide Maritime Forward Looking Infrared (MARFLIR) II sensors and SeaFLIR 280-HD surveillance systems. This contract strengthens Teledyne FLIR Defense's position as a trusted provider of cutting-edge imaging solutions for defense applications.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Technology
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cooled
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Uncooled
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Wavelength
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Near Infrared
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Short-wave Infrared (SWIR)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mid-wave Infrared (MWIR)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Long-wave Infrared (LWIR)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Security & Surveillance
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Monitoring & Inspection
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Detection
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Vertical
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Industrial
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Nonindustrial
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of the World
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Teledyne FLIR LLC
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Leonardo DRS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Axis Communications AB
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Zhejiang Dali Technology Co.,Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • OPGAL Optronics Industries Ltd
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • L3Harris Technologies
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Inc, Fluke Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Raytheon Technologies Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Xenics nv
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Allied Vision Technologies GmbH
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Infrared Imaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Infrared Imaging Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

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Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infrared Imaging Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Infrared Imaging Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

The global market for Infrared Imaging was estimated to be valued at US$ XX Mn in 2021.

The global Infrared Imaging Market is estimated to grow at a CAGR of XX% by 2028.

The global Infrared Imaging Market is segmented on the basis of Technology, Wavelength, Application, Vertical, Region.

Based on region, the global Infrared Imaging Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Infrared Imaging Market are d imaging market is estimated to be worth USD 6.7 billion in 2023 and is projected to reach USD 9.6 billion by 2028, at a CAGR of 7.3% during the forecast period. Increased adoption of infrared imaging products in security & surveillance application is one of the major drivers that fuels market growth. , Driver: Increasing use of infrared cameras in quality control and inspection application , The increasing use of infrared cameras in quality control and inspection applications has emerged as a significant trend in various industries. These highly advanced cameras enable businesses to enhance their quality control processes by providing non-destructive and non-contact testing capabilities. By capturing and analyzing thermal patterns, infrared cameras can identify anomalies, defects, or variations in temperature that may indicate potential issues with products or equipment. This technology allows for real-time monitoring, precise measurement, and efficient analysis, resulting in improved product quality, reduced waste, and enhanced overall operational efficiency. , Restraint: Limitations associated with image resolution and sensitivity of infrared cameras , The limited resolution and sensitivity lead to restrict the adoption of infrared imaging in certain high-precision applications and industries that demand exceptional image quality and detail. This leads to reliance on alternative imaging technologies or the need for supplementary methods to achieve the desired level of accuracy. , Opportunity: Emerging infrared imaging applications in automotive sector , Emerging infrared imaging applications in the automotive sector are driving innovation and transforming the driving experience. Infrared imaging technology offers advanced capabilities that enhance vehicle safety, convenience, and efficiency. One notable application is in driver monitoring systems, where infrared cameras can detect driver drowsiness or distraction by monitoring eye movements and alerting the driver in real time. , Challenge: High cost of infrared cameras to challenge adoption , The higher cost of a SWIR camera restricts its widespread adoption and impacts the overall infrared imaging market. While LWIR and MWIR cameras are also expensive, their price varies as per the application. For instance, infrared imaging cameras used for building inspection are usually less expensive than those used in research and development applications. , Infrared Imaging Market Ecosystem , The infrared imaging market is marked by the presence of a few tier-1 companies, such as Teledyne FLIR LLC (US), Fluke Corporation (US), Raytheon Technologies Corporation (US), Leonardo DRS (US), Axis Communications AB (Sweden), and many more. These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable infrared imaging offerings. , The market for uncooled infrared imaging by technology to hold largest market share during the forecast period , the expanding applications of uncooled infrared imaging in areas like automotive, security, and agriculture have fueled its growth. Also, the ease of use and the ability to capture thermal data in real-time without the need for cooling systems have made uncooled infrared imaging a preferred choice for many users. , Long-wave infrared by wavelength held the largest market share in 2023 , LWIR cameras provide an extended wavelength range, enabling superior detection of small temperature differentials and enhancing image quality. This characteristic makes them highly suitable for critical applications like predictive maintenance, where identifying subtle temperature variations is essential. Moreover, LWIR cameras have experienced significant advancements in detector technology, resulting in heightened sensitivity and improved resolution. , Monitoring & Inspection by application to witness highest CAGR during forecast period , Infrared imaging facilitates non-destructive monitoring and inspection across industries by capturing thermal signatures. It assists in preventive maintenance, quality control, energy audits, building inspections, healthcare diagnostics, and agriculture, enabling the detection of anomalies, process optimization, and efficiency improvement. , Asia Pacific held to register highest CAGR in the infrared imaging market during forecast period , The Asia Pacific region is one of the key markets for infrared imaging market. The increasing adoption of thermal imaging technology across various sectors has driven the demand for infrared cameras and related products. Several companies in the region are actively involved in the development, production, and distribution of infrared imaging solutions. The technology continues to advance, and its applications are expanding to new areas, promoting safety, efficiency, and innovation in the region. , Recent Developments , In February 2023, Xenics nv (Belgium) launched Lynx R and XSL R series, expanding its linear SWIR camera portfolio. Linear SWIR cameras are available for demanding applications such as food sorting, machine vision, spectroscopy, optical fiber monitoring, semiconductor inspection, LIDAR sensing and spectral-domain optical coherence tomography. , In April 2023, Raytheon Technologies (US) announced the launch of RAIVEN, an innovative tool that boosts the situational awareness capabilities of military & security personnel. Its primary purpose is to deliver real-time video streaming and advanced analytics in demanding environments, empowering users with enhanced insights and information.. , In June 2022, Teledyne FLIR LLC (US) and United States Coast Guard (USCG) signed a contract that to provide Maritime Forward Looking Infrared (MARFLIR) II sensors and SeaFLIR 280-HD surveillance systems. This contract strengthens Teledyne FLIR Defense's position as a trusted provider of cutting-edge imaging solutions for defense applications. , KEY MARKET SEGMENTS, By Technology , Cooled , Uncooled , By Wavelength , Near Infrared , Short-wave Infrared (SWIR) , Mid-wave Infrared (MWIR) , Long-wave Infrared (LWIR) , By Application , Security & Surveillance , Monitoring & Inspection , Detection , By Vertical , Industrial , Nonindustrial , By Region , North America , Europe , Asia Pacific , Rest of the World, KEY MARKET PLAYERS , Teledyne FLIR LLC , Leonardo DRS , Axis Communications AB , Zhejiang Dali Technology Co.,Ltd. , OPGAL Optronics Industries Ltd , L3Harris Technologies , Inc, Fluke Corporation , Raytheon Technologies Corporation , Xenics nv , Allied Vision Technologies GmbH .

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Infrared Imaging Market

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