DUBLIN–(BUSINESS WIRE)–Added Infrared Imaging Technology – Global Market Trajectory & Analytics report ResearchAndMarkets.com Offer.
The global infrared imaging technology market, valued at US$5.4 billion in 2022, is projected to reach a revised size of US$7 billion by 2026, growing at a CAGR of 6.3% during the analysis period.
The US market is estimated at US$2.4 billion in 2022, while China is expected to reach US$603 million by 2026
The US infrared imaging technology market is valued at US$2.4 billion in 2022. China, the second largest economy in the world, is forecast to reach a projected market size of US$603 million by 2026, at a CAGR of 7.7% over the analysis period. Other notable geographic markets include Japan and Canada, which are expected to grow by 5.6% and 5.9%, respectively, for the analysis period. Within Europe, growth of approx. 6.1% CAGR is forecast for Germany.
The market is predicted to have robust growth opportunities, driven by growing demand from the non-industrial sector, increasing acceptance of new end-use applications, technological advances in IR imaging technology, increasing acceptance of security and surveillance applications, and increasing availability of low-cost infrared cameras.
By application, the security and surveillance segment is projected to reach $4.1 billion by 2026
The global market for security and surveillance by application is valued at US$3.2 billion in 2022 and is projected to reach US$4.1 billion by 2026, growing at a CAGR of 6.1% over the analysis period. The United States represents the largest regional market for the security and surveillance segment, accounting for 42.8% of global sales. China is poised to record the fastest compound annual growth rate of 7.6% over the analysis period, and reach US$417.6 million by the end of the analysis period.
Selected competitors (55 total featured):
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Allied Vision Technologies GmbH
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Axis Communications AB
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Bosch Security Systems, Inc.
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FLIR Systems, Inc.
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Fluke Corporation
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General Dynamics, Inc. Mission Systems
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Hanwha Techwin Co., Ltd.
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L3Harris Technologies, Inc.
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Leonardo DRS
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Lynred
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New imaging technologies
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Opgal Optronic Industries
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Sensors Unlimited, Inc.
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Xenics NV
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Zhejiang Dali Technology Co., Ltd
Main topics covered:
I. METHODOLOGY
II. SUMMARY
1. MARKET OVERVIEW
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Insights into the influencer market
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Effects of the COVID-19 pandemic and the looming economic recession
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Impact of COVID-19 on Infrared Imaging Technology
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Thermal imaging as a promising fever screening method to evade the COVID-19 storm
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Reservations regarding the use of infrared/thermal imaging for fever detection
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Vendors highlight thermal imaging systems to address COVID-19 challenge
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Organizations are rising up with thermal imaging to reopen and ensure business continuity
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Once a niche market, infrared cameras are enjoying increasing demand amid COVID-19
2. FOCUS ON SELECTED PLAYERS
3. MARKET TRENDS & DRIVERS
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Increasing importance of IR technology in industrial imaging applications
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Growing importance of infrared cameras in inspection and quality control applications
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The rapidly evolving role of Industry 4.0 and Smart Factory to guide future expansion
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Major Industry 4.0 Technologies: Global Market Size (Billions US$) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics and Smart Machines for 2020
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Thermal imaging cameras for remote temperature measurement
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Increasing demand for infrared imaging products from non-industrial sectors
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Continued demand for infrared imaging technology in military applications
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With defense budgets coming under severe pressure, the IR imaging market is experiencing challenging times
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World defense spending in billions of U.S. dollars from 2001 to 2019
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Leading countries by defense budgets in billions of US dollars for 2019
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Budget reprioritization is impacting defense spending and impacting the IR imaging market
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Japan Defense Budget: A comparison before and after COVID-19 (in billion US dollars) for 2021-2023
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UK Defense Budget: A comparison before and after COVID-19 (in billion US dollars) for 2021-2023
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The increase in territorial conflicts and border disputes shifts the focus to better surveillance and target identification
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Number of Terrorist Incidents and Terrorism-Related Deaths Worldwide: 2011-2018
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Focus on Soldier Modernization Programs Drives Market Growth
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Improving Target Identification, Threat Assessment and Surveillance: Essential Capabilities of IR Imaging Systems
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US companies offer support to the US Air Force in the development of EO/RF-related technologies
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Imaging infrared technology finds favor in guiding IR missiles
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Thermal imaging cameras: An important system for border security
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Infrared and thermal imaging cameras are used in ISR operations
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Advanced LWIR technology for thermal imaging at near room temperature
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LWIR imager with superior dynamic range
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Security and surveillance applications offer significant potential for the infrared imaging market
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New applications of SWIR cameras should stimulate the market
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The growing role of infrared imaging technology in gas detection
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Global Gas Leak Detection and Repair Market by Technology (in %) for 2020E
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IR imaging technology is finding increasing application in healthcare
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Infrared cameras for medical diagnostic use
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IR imaging cameras are gaining traction in COVID-19 screening
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Autonomous vehicles integrate IR imaging technology
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Global predicted penetration rate (%) of autonomous vehicles for the years 2021, 2023 and 2025
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As the aviation industry looks to resume normal operations, demand for IR imaging systems will increase
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Expected losses in the global airline industry (in billions of US dollars)
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The consumer electronics industry is seeing increasing use of IR technology
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IR imaging cameras: Capture IR radiation
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Primary Use Cases of Thermal Imaging Cameras
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Interference from thermal imaging cameras
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Infrared cameras help identify and correct distortions in production
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Emerging Applications of Infrared Imaging Technology: An Overview
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Technological advances in IR imaging technology and development of low-cost cameras to drive the market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report, visit https://www.researchandmarkets.com/r/94w51v
