Infrared imaging Market Latest Trends, Growth, Size, Application and Forecast 2029

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Infrared imaging Market Latest Trends, Growth, Size, Application and Forecast 2029

Data Bridge Market Research analyses that the Infrared Imaging Market will exhibit a CAGR of 6.85% for the forecast period of 2022-2029. Therefore, the infrared imaging market value would rocket up to USD 9.59 billion by 2029. Growing focus on the technological advancements by the major manufacturers, rising up gradation of existing infrastructure with advanced systems and growth and expansion of security and surveillance industry especially in the developing economies such as India and China are the major factors attributable to the growth of infrared imaging market.

Rising globalization and growing improvements and technological innovation in infrared detectors will emerge as the major market growth driving factors. Growing application of infrared imaging for inspection and quality control inspection, surging demand for high speed infrared cameras with advanced features for measuring thermal performances and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies and surging focus on the technological advancements in manufacturing the micro bolometers will further carve the way for the growth of the market.

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Competitive Landscape and Infrared Imaging Market Share Analysis

The infrared imaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to infrared imaging market.

Some of the major players operating in the infrared imaging market are Xenics, Lynred, FLIR Systems, Inc., Fortive, United Technologies, Leonardo S.p.A., L3Harris Technologies, Inc., Axis Communications AB., BAE Systems, Testo SE & Co. KGaA, Fluke Corporation, JENOPTIK AG, HT Italia S.r.l., Allied Vision Technologies GmbH, Zhejiang Dali Technology Co.,Ltd., FluxData Inc., CorDEX Instruments., IRCameras LLC., Keysight Technologies among others.

Global Infrared Imaging Market Scope and Market Size

  • Based on technology, the infrared imaging market is segmented into cooled and uncooled infrared imaging.
  • Based on wavelength, the infrared imaging market is segmented into near infrared (NIR), shortwave infrared (SWIR), mid-wave infrared (MWIR) and long-wave infrared (LWIR).
  • Based on application, the infrared imaging market is segmented into security and surveillance, monitoring and inspection and detection. Monitoring and inspection is sub-segmented into condition monitoring, structural health monitoring and quality control. Detection is sub-segmented into gas detection, fire/flare detection and body temperature measurement.
  • Based on vertical, the infrared imaging market is segmented into industrial and non-industrial. Industrial is sub-segmented into automotive, aerospace, electronics and semiconductor, oil and gas, food and beverages, glass and others. Non-industrial is sub-segmented into military and defense, civil infrastructure, medical and scientific research.

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Infrared Imaging Market Country Level Analysis

The infrared imaging market is analysed and market size, volume information is provided by country, technology, wavelength, application and vertical as referenced above.

The countries covered in the infrared imaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America region dominates the infrared imaging market and will continue to flourish its trend of dominance during the forecast period. This is because of the high rate of adoption of infrared imaging in U.S. and Canada. Asia-Pacific region is projected to undergo substantial during the forecast period and will score the highest CAGR owing to the rising digitization of the economies and growing penetration of high speed internet.

The country section of the infrared imaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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About Data Bridge Market Research, Private Ltd

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