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Infrared Imaging Market worth $13.03 billion by 2030, growing at a CAGR of 8.15% - Exclusive Report by 360iResearch
Infrared Imaging Market | 360iResearch
The Global Infrared Imaging Market to grow from USD 7.52 billion in 2023 to USD 13.03 billion by 2030, at a CAGR of 8.15%.
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Infrared imaging is a non-contact technology that allows the visualization and measurement of radiated heat emitted by objects or living beings. The increasing demand for enhanced security systems and the rising government investment in defense capabilities to counter threats posed by terrorism and cross-border conflicts require sophisticated infrared imaging systems. Additionally, advancements in microbolometer technology have allowed for lower-cost uncooled infrared detectors, which involves a significant factor driving adoption across various industries. However, high initial costs associated with cooled detectors requiring extensive infrastructure investments may hinder the infrared imaging market growth. Nevertheless, rapid developments in nanotechnology provide immense potential for miniaturized sensors that cater to specific industry needs within healthcare diagnostics or wearable gadgets, which is expected to create lucrative opportunities for the infrared imaging market.
America holds a substantial share due to the presence of numerous key players engaged in new innovations in infrared imaging technology. In addition, extensive investments made by the U.S. government in defense spending and homeland security support the market penetration of infrared imaging. APAC is expected to emerge as one of the rapidly growing markets for infrared imaging due to rapid industrialization. In addition, steady growth in automotive manufacturing activities across APAC countries has fueled demand for ADAS technologies that use infrared cameras. The EMEA region, especially European countries, has witnessed considerable growth in the infrared imaging market due to increasing adoption in various sectors such as industrial automation, automotive, and security & surveillance. Europe's focus on implementing Industry 4.0 has accelerated the demand for advanced inspection solutions and machine vision systems that utilize IR technology. Moreover, stringent regulations governing energy efficiency and safety standards have also contributed to the expansion of the market.
Market Segmentation & Coverage:
This research report categorizes the Infrared Imaging Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across IR Detectors, IR Lens Systems, and IR Sensors. The IR Sensors is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Cooled and Uncooled. The Uncooled is projected to witness significant market share during forecast period.
Based on Type, market is studied across Fixed and Portable. The Fixed is projected to witness significant market share during forecast period.
Based on Application, market is studied across Aerospace & Defense, Automotive, Consumer Electronics, Firefighting, and Medical. The Medical is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Infrared Imaging Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Infrared Imaging Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Infrared Imaging Market, highlighting leading vendors and their innovative profiles. These include Allied Vision Technologies GmbH, Axis Communications AB, Episensors, Fluke Corporation, G5 Infrared, LLC, General Dynamics Mission Systems, Inc., GMS Instruments BV, InfraTec infrared LLC, IRay Technology Co., Ltd., L3Harris Technologies, Inc., Leonardo DRS, Inc., Lynred, Nippon Avionics Co.,Ltd., Opgal Optronics Industries Ltd., Ophir Optronics Solutions Ltd., Sensors Unlimited, Inc., Spectron IR, Teledyne FLIR LLC, Trinity Electronics Systems Ltd., Viper Imaging LLC, and Zhejiang Dali Technology Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Infrared Imaging Market, by Component
7. Infrared Imaging Market, by Technology
8. Infrared Imaging Market, by Type
9. Infrared Imaging Market, by Application
10. Americas Infrared Imaging Market
11. Asia-Pacific Infrared Imaging Market
12. Europe, Middle East & Africa Infrared Imaging Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Infrared Imaging Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Infrared Imaging Market?
3. What is the competitive strategic window for opportunities in the Infrared Imaging Market?
4. What are the technology trends and regulatory frameworks in the Infrared Imaging Market?
5. What is the market share of the leading vendors in the Infrared Imaging Market?
6. What modes and strategic moves are considered suitable for entering the Infrared Imaging Market?
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