Infrared Imaging Market Revenue Strategy and Business Planning Research by (2021-2027) | Xenics, Opgal Optronic Industries, New Imaging Technologies

Report Ocean releases its latest report on the global Infrared Imaging Market.

The infrared imaging market has been witnessing significant growth over the past years, owing to the high adoption of infrared imaging solutions in the nonindustrial vertical, especially for security and surveillance applications. The increasing demand for infrared imaging cameras from APAC and the rise in the penetration of SWIR cameras are also expected to considerably boost the infrared imaging market in the coming years. The primary key factors driving the market include growing demand from the industrial and automation industry, the requirement of high contrast images, cross-industry collaboration.

Global Infrared Imaging Market Overview:

Infrared Imaging is opted for producing images that are invisible through the naked eye. The device operates at an electromagnetic spectrum of 9,000-14,000 nanometers. Infrared imaging caters to its application in diverse end-user industries such as transportation, manufacturing, information technology among others. Currently, the private and security segment is the dominating segment for the global infrared imaging market and is anticipated to be dominant in the forecast period.

This is followed by industrial, healthcare, defense, and law enforcement. Wide Area Surveillance System refers to an intelligence-based automated solution that offers wide-area surveillance capability to predict, detect, track, identify, classify, respond, and resolve incursions. This solution enhanced situational awareness for force protection, critical assets and infrastructure, and special event security.

The global infrared imaging market is estimated to have reached USD 5.3 billion in 2020 and is further projected to reach USD 8.4 billion by 2027, growing at a CAGR of 6.8% during 2021-2027.

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Growth Drivers 

High adoption of infrared imaging products in security & surveillance application

Infrared cameras find widespread adoption in the security & surveillance application due to their ability to be used in harsh environments, such as fog, haze, smoke, and water vapor. They are especially suited to the military & defense vertical, where they are used for human/object movement monitoring; and chemical, biological, radiological, and nuclear defense (CBRNE) detection.

Companies operating in the market have received a number of contracts for the development or supply of infrared products for the military & defense vertical. This is widely used for security & surveillance purposes in industrial and commercial buildings. They are particularly suited for temperature measurement as they allow a safe distance to be maintained between operators and subjects and require less manpower.

An increasing number of surgical procedures worldwide

An increasing number of surgical procedures worldwide due to the high prevalence of chronic lifestyle-associated diseases is majorly driving the infrared imaging market. The growing prevalence of cardiovascular diseases, gastrointestinal diseases, neurovascular diseases, and cancer is expected to drive the infrared imaging market.

According to WHO, cancer is one of the leading causes of death, presenting a rise of 18.1 million new cases in 2019 and approximately 9.8 million deaths in the same year. The unavailability of effective pharmaceutical treatment and growing preference for minimally invasive surgical procedures are the factors expected to drive the infrared imaging market.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Infrared Imaging Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Infrared Imaging Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Infrared Imaging Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Infrared Imaging Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Infrared Imaging Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Infrared Imaging Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Infrared Imaging Market provides insight into the factors influencing its growth. This market study breaks down the Infrared Imaging Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Infrared Imaging Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Infrared Imaging Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Infrared Imaging Market are:

Flir Systems, Fluke, Sensors Unlimited, Leonardo Drs, Axis Communications, Xenics, Opgal Optronic Industries, New Imaging Technologies, Allied Vision Technologies, Lynred, Cox, C-Thermal, Ircameras, Princeton Infrared Technologies, Dali Technology, Tonbo Imaging, L3harris Technologies, Raptor Photonics, Episenors& Princeton Instruments.The infrared camera industry is a highly competitive market with the presence of a large number of players. T

Scope of the Report

The global Infrared Imaging Market segmentation focuses on:

By Technology

Ø  Cooled Infrared Imaging

Ø  Uncooled Infrared Imaging

By Wavelength

Ø  Near Infrared

Ø  Shortwave Infrared

Ø  Mid-wave Infrared

Ø  Long-wave Infrared

 By Vertical

Ø  Industrial

Ø  Nonindustrial

By Application

Ø  Security & Surveillance

Ø  Monitoring & Inspection

Ø  Detection

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