Key Market Dynamics in Infrared Imaging

The infrared imaging market is estimated to be valued at USD 5.16 billion in 2018 and is projected to reach USD 7.30 billion by 2023, at a CAGR of 7.18%.
Will penetration of infrared cameras in consumer electronics industry create opportunities in the infrared imaging market?

Infrared imaging technology is witnessing increasing demand for infrared imaging products from the consumer electronics industry. Companies operating in the infrared imaging market have developed small, lightweight, and low-cost thermal cameras that can be attached to a cell phone or any other mobile device for enabling infrared imaging. Consumers can use these infrared cameras for various applications, such as checking the coolant and exhaust system in the car, locating radiator, staying informed on tire pressure, and observing wild animals at night.

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FLIR Systems (US) and Seek Thermal (US) are some of the companies offering as well as developing infrared imaging products to cater to the demand for infrared imaging products from the consumer electronics industry. For instance, FLIR Systems (US), under its FLIR ONE product range, offers thermal imaging camera attachment for iOS and Android devices at a starting price of USD 199.99. In June 2017, FLIR Systems also announced its new FLIR ONE and FLIR ONE Pro thermal imaging cameras. OneFit adjustable connector and smartwatch compatibility are few of the new features in the company’s FLIR ONEs compared with the earlier models.

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Is designing highly accurate cameras posing a challenge in infrared imaging market?
An infrared camera not only carries out the function of spotting the differences in heat but also allows to measure such differences.

It, therefore, becomes essential for an infrared camera to be accurate and maintain consistency in measurements. Accuracy and reliability add a large value while purchasing an infrared camera. However, to maintain high accuracy and reliability is one of the tedious tasks for infrared technology experts and technicians. Due to the varying emissivity of different materials and reflections from other surrounding surfaces, obtaining high accuracy is a matter of concern for camera manufacturers. It is not possible for technicians to simply adjust the camera’s emissivity correction value and achieve accurate temperature and images. Considering the importance of accurate results in the fields of military, aerospace, surveillance, and medical, designing error-free infrared cameras is a challenging task for players in the infrared imaging market.

Mr. Shelly Singh
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This release was published on openPR.