Global Infrared Imaging Market
The GMI Research forecasts that the Infrared Imaging Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increase in their application in the healthcare, wearable, and drones sectors.
Introduction of the Infrared Imaging Market:
Infrared imaging technology helps to measure the temperature of an object. It is a technique that converts invisible infrared images into visible ones. The naked human eye can’t sense infrared light. Thus, it becomes essential to have infrared cameras and imagers lodged with special sensors, which convert infrared signals into electrical signals converted into an image.
Key Players of the Global Infrared Imaging Market:
- Fluke Corporation
- Leonardo DRS
- FLIR Systems, Inc
- Sensors Unlimited
- Axis Communications AB
- Xenics nv
- Opgal Optronic Industries Ltd.
- Allied Vision Technologies GmbH
- NIT
- Lynred
Infrared Imaging Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Some of the prominent drivers stimulating the growth of the global infrared imaging market include their extensive implication in military & defense to detect and supervise the movement of humans or objects and for chemical, biological, nuclear defense, and radiological detection. Companies operating in this market receive a number of contracts for the supply of infrared camera products for the military & defense vertical. For example, DRS Network & Imaging Systems LLC, in 2018, received a $79.3 million contract from the Defense Logistics Agency to build infrared system parts. The excessive acquisition of infrared imaging cameras in security & surveillance activities such that it can be used in acute environments, including haze, fog, smoke, and water vapor, is one of the major factors supplementing the infrared imaging market share.
However, the sudden and widespread outbreak of the coronavirus has negatively influenced the market growth. This is because organizations in most of the demand-generating verticals are non-operational in various countries. Moreover, the Covid-19 pandemic has disturbed the supply chain of manufacturing to install infrared imaging solutions. Furthermore, their inflated cost and stringent norms by governments are hampering the market growth. Small-wave infrared cameras are more expensive than long-wave and mid-wave infrared cameras. The cameras are supported by indium gallium arsenide (InGaAs) sensors, which is a costly semiconductor material. These factors are contemplated to hinder the market growth.
Infrared Imaging Market Segmentation:
Segmentation by Technology
- Cooled Infrared Imaging
- Uncooled Infrared Imaging
Segmentation by Wavelength
- Near Infrared
- Short-Wave Infrared
- Mid-Wave Infrared
- Long-Wave Infrared
Segmentation by Application
- Security & Surveillance
- Monitoring & Inspection
- Detection
Segmentation by Vertical
- Automotive
- Aerospace
- Electronics & Semiconductor
- Oil & Gas
- Food & Beverage
- Military & Defense
- Medical
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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