Global Infrared Imaging Market Report 2018 Forecast to 2023 Expected to Reach $7.3 Billion Growing at a CAGR of 7.18%
Global Infrared Imaging Market Report 2018 Forecast to 2023 Expected to Reach $7.3 Billion Growing at a CAGR of 7.18%
DUBLIN, March 15, 2018 /PRNewswire/ --
The "Infrared Imaging Market by Technology (Cooled Infrared Imaging and Uncooled Infrared Imaging), Wavelength (Near Infrared, Shortwave Infrared, Mid-wave Infrared, and Long-wave Infrared), Application, Vertical, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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The infrared imaging market is expected to be valued at USD 5.16 Billion in 2018 and is likely to reach USD 7.3 Billion by 2023, at a CAGR of 7.18% during the forecast period.
Growing demand for infrared imaging cameras in the security and surveillance application is one of the major factors driving the growth of this market. Moreover, increasing demand for infrared imaging cameras from APAC and rise in the penetration of SWIR cameras are expected to considerably boost the infrared imaging market in the coming years.
The report segments the infrared imaging market by technology, wavelength, application, vertical, and geography. This market is expected to be led by the long-wave infrared (LWIR) segment during the forecast period. High demand for LWIR products from the military and defense vertical is one of the major factors leading to the dominant position of the LWIR segment in the infrared imaging market. LWIR cameras have also significantly penetrated into various industries, such as aerospace, automotive, food & beverages, civil infrastructure, and medical, for multiple applications.
The market for the monitoring and inspection application is expected to witness significant growth during the forecast period. Rising demand for infrared imaging cameras for predictive maintenance is one of the major factors accelerating the growth of the infrared imaging market for the monitoring and inspection application.
The nonindustrial vertical accounted for a larger share of the overall infrared imaging market. The high adoption of infrared imaging products, especially for the security and surveillance application, has led to the dominance of this vertical in this market.
North America held the largest share of the market in 2017, and the market in this region is expected to witness significant growth during the forecast period. The high adoption of infrared imaging cameras in the US has led to the dominant position of North America in the infrared imaging market.
The high cost of infrared imaging cameras, especially shortwave infrared cameras, is currently the major restraining factor for the growth of the infrared imaging market. Some of the major companies operating in this market are FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Xenics (Belgium), Opgal Optronic Industries (Israel), Axis Communications (Sweden), New Imaging Technologies (France), Allied Vision Technologies (Germany), and Sofradir (France).
Key Topics Covered
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for Research Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Infrared Imaging Market
4.2 Infrared Imaging Market, By Wavelength
4.3 Infrared Imaging Market, By Country and Application
4.4 Infrared Imaging Market, By Technology
4.5 Infrared Imaging Market, By Country (2023)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Adoption in Security and Surveillance Application
5.2.1.2 Increasing Adoption of Infrared Cameras in Quality Control and Inspection Application
5.2.1.3 High Popularity of Uncooled Infrared Cameras
5.2.2 Restraints
5.2.2.1 Stringent Import and Export Regulations
5.2.3 Opportunities
5.2.3.1 Growth Opportunities in APAC Emerging Countries
5.2.3.2 Emerging Application Areas for SWIR Cameras
5.2.3.3 Penetration of Infrared Cameras in Consumer Electronics Industry
5.2.4 Challenges
5.2.4.1 High Cost of Infrared Cameras
5.2.4.2 Designing Highly Accurate Cameras
5.3 Value Chain Analysis
6 Infrared Imaging Market, By Technology
6.1 Introduction
6.2 Cooled Infrared Imaging
6.3 Uncooled Infrared Imaging
7 Infrared Imaging Market, By Wavelength
7.1 Introduction
7.2 Near Infrared (NIR)
7.3 Shortwave Infrared (SWIR)
7.4 Mid-Wave Infrared (MWIR)
7.5 Long-Wave Infrared (LWIR)
8 Infrared Imaging Market, By Application
8.1 Introduction
8.2 Security and Surveillance
8.3 Monitoring and Inspection
8.3.1 Condition Monitoring
8.3.2 Structural Health Monitoring
8.3.3 Quality Control
8.4 Detection
8.4.1 Gas Detection
8.4.2 Fire/Flare Detection
8.4.3 Body Temperature Measurement
9 Infrared Imaging Market, By Vertical
9.1 Introduction
9.2 Industrial
9.2.1 Automotive
9.2.2 Aerospace
9.2.3 Electronics & Semiconductor
9.2.4 Oil & Gas
9.2.5 Food & Beverages
9.2.6 Glass
9.2.7 Others
9.3 Nonindustrial
9.3.1 Military and Defense
9.3.2 Civil Infrastructure
9.3.3 Medical
9.3.4 Scientific Research
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 Rest of the World
10.5.1 South America
10.5.2 Middle East and Africa
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis: Infrared Imaging Market
11.3 Competitive Situations and Trends
11.3.1 Product Launches
11.3.2 Partnerships, Agreements, and Contracts
11.3.3 Others
12 Company Profiles
12.1 Key Players
12.1.1 Flir Systems
12.1.2 Fluke
12.1.3 Sensors Unlimited
12.1.4 Leonardo Drs
12.1.5 Axis Communications
12.1.6 Xenics
12.1.7 Opgal Optronic Industries
12.1.8 New Imaging Technologies
12.1.9 Allied Vision Technologies
12.1.10 Sofradir
12.2 Other Companies
12.2.1 Cox
12.2.2 C-Thermal
12.2.3 Ircameras
12.2.4 Princeton Infrared Technologies
12.2.5 Dali Technology
12.2.6 Tonbo Imaging
12.2.7 L3 Technologies
12.2.8 Raptor Photonics
12.2.9 Episenors
12.2.10 Princeton Instruments
For more information about this report visit https://www.researchandmarkets.com/research/z88xv7/global_infrared?w=5
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