IR and Thermal Imaging Systems Market 2022 Growth Analysis, Opportunities, Trends and Developments to 2027

The IR and Thermal Imaging Systems market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The IR and Thermal Imaging Systems Market share and Market size prominent players for 2020 to 2027 are profiled in this report.

Competitive Landscape: Flir Systems Inc.,  L3 Communications Holdings,  ULIS,  Lockheed Martin,  Bae Systems PLC,  Leonardo DRS,  Elbit Systems Ltd.,  Raytheon,  Sofradir Group,  Thermoteknix Systems Ltd. and Others

Industry News:

March 2018: FLIR Systems Inc. collaborated with the drone industry leader, DJI Innovations. The companies plan to proceed with their first joint product; the DJI Zenmuse XT stabilized the camera. Additionally, DRS Technologies' highly anticipated 10-micron pixel pitch infrared detector has been adequately validated to select defense industry, prime contractors.
March 2018 - ULIS bolometers set a new response-time record (measured using the Thermal Time Constant) without compromising their state-of-the-art pixel sensitivity.

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Scope of the Report:

The IR and Thermal Imaging Systems Market is expected to register a CAGR of 9.84% over the forecast period 2022 - 2027.

With global tensions rising at a significant pace, countries, to tackle global-political instabilities and to fortify their military power, are investing heavily in IR and thermal imaging systems, driving the demand for these systems.

- With advancements in technologies, companies have miniaturized IR and thermal imaging sensors, making them highly efficient and portable and increasing their ease of use. Handheld IR and thermal imaging systems are gaining traction for their portability, with this segment finding its applications in various industry verticals, such as hospitals, saving repair times and heating costs.

Key Market Trends:

Industrial Applications are Expected to Have a Major Market Share

Thermal imaging has initiated substantial inroads into other types of applications, such as uncooled microbolometer-based detectors. These sensors have a long-wave infrared band from 7.5 to 14 µm. Microbolometers are cheaper, smaller in size, lighter in weight; all these attributes while possessing immediate power-up capabilities, decreased power consumption, longer means the time between failures and are comparatively better than traditional bolometers.

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North America to Hold a Significant Market Share

Latest technological breakthroughs have facilitated the advancement of new IR and thermal imaging systems that can make the overall processes more efficient and can significantly improve accuracy in various applications.

There have been a series of new product launches, mergers, and acquisitions in North America to take advantage of this opportunity. The major driver behind the investments has been the overall evolution and application of new technologies to unlock a huge number of volumes that were previously considered non-commercial. With these series of investments, industrial, transportation, security, and surveillance systems applications in North America is set to boom over the forecast period.

Regional Analysis for IR and Thermal Imaging Systems Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global IR and Thermal Imaging Systems Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Highlights about IR and Thermal Imaging Systems report coverage:

- A complete background analysis, which includes an assessment of the Global IR and Thermal Imaging Systems Market.

- Important changes in IR and Thermal Imaging Systems market dynamics

- IR and Thermal Imaging Systems Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the IR and Thermal Imaging Systems market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent IR and Thermal Imaging Systems industry developments

- IR and Thermal Imaging Systems Market shares and strategies of key players

- Emerging niche IR and Thermal Imaging Systems segments and regional markets

- An objective assessment of the trajectory of the IR and Thermal Imaging Systems market

- Recommendations to companies for strengthening their foothold in the IR and Thermal Imaging Systems market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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