Infrared and Thermal Imaging Systems Market Research Report 2022-2028 | Share, Global Trends, Key Players, Growth Analysis to 2028

The global infrared (IR) and thermal imaging systems market is anticipated to grow at a CAGR of 9.5% during the forecast period (2022- 2028).
Thermal imaging is the process of converting infrared (IR) heat into visible images. It provides temperature readings for each pixel of the entire thermal image and supports to visualize an entire scene in thermal. An IR thermometer, also known as a spot pyrometer or a temperature gun provides a single number for the temperature measurement of a single spot on the target. Infrared and thermal imaging technology enables users to detect objects or individuals in complete darkness, and also in difficult conditions. These systems are also suitable for areas with critical temperatures and climatic conditions and are similar to a digital camera in size and provide real-time high-resolution images. For instance, in April 2020, the e-commerce company namely Amazon had installed thermal cameras which are equipped with technology that can identify people with high body temperature in six US facilities situated in Seattle and Los Angles to screen their employees' health.

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With the new advancements in technologies, many companies have made small-size IR and thermal imaging sensors, which makes them highly efficient, portable, and easy to use. Handheld IR and thermal imaging systems are gaining more attention for their profitability. These factors are driving the growth of the global IR and thermal imaging systems market. However, a lack of awareness about the emerging applications of the technology is expected to act as a restraining factor for the growth of the market.

Some major players in the market include L-3 Harris Technologies Inc, Lockheed Martin Corp., and BAE Systems plc, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2020, Teledyne FLIR LLC launched the FLIR A8580 series of thermal cameras which are designed for military, science, industrial and product research, and development applications. Additionally, in March 2020, Teledyne FLIR LLC Inc. launched a high-definition midrange surveillance system called "Ranger HDC MR" to detect illegal activities in degraded weather conditions.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Component
o By Application
o By Form

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- L-3 Harris Technologies Inc, Lockheed Martin Corp., and BAE Systems plc, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?

Global IR and Thermal Imaging Systems Market Report by Segment

By Component
• Hardware
• Software
• Services

By Application
• Industrial
• Security
• Research and Development
• Construction Industry
• Maritime
• Transportation

By Form
• Handheld Imaging Devices and Systems
• Fixed Mounted

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This release was published on openPR.