Global Infrared Imaging Market - Industry Trends and Forecast to 2029

Global Infrared Imaging Market - Industry Trends and Forecast to 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. 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.
Infrared imaging is a technology of capturing infrared light that is otherwise not visible to the naked human eye. Infrared imaging involves the application of infrared cameras, capturers and imagers. Infrared imaging systems use state-of-art technology to generate brittle images.
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.
However, availability of competing technologies like thermal imaging will act as a growth restraint for the market. High costs associated with the infrared imaging equipment and research and development proficiencies will further dampen the growth rate of the market. Large scale technological limitations in the underdeveloped economies and stringent governmental regulations will further challenge the market growth rate.

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