Infrared Imaging Market

Infrared Imaging Market with COVID-19 Impact Analysis by Technology (Cooled and Uncooled), Wavelength (Near Infrared, Shortwave Infrared, Mid-wave Infrared, and Long-wave Infrared), Application, Vertical, and Geography - Global Forecast to 2025

Report Code: SE 3270 Dec, 2020, by marketsandmarkets.com

[190 Pages Report] The infrared imaging market is expected to grow from USD 5.8 billion in 2020 to USD 8.3 billion by 2025; it is expected to grow at a CAGR of 7.6% during the forecast period. The infrared imaging market has been witnessing significant growth over the past years, mainly owing to the high adoption of infrared imaging solutions in the nonindustrial vertical, especially for security and surveillance applications. The increasing demand for infrared imaging cameras from APAC and rise in the penetration of SWIR cameras are also expected to considerably boost the infrared imaging market in the coming years.

Infrared Imaging Market

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Impact of COVID-19 on Infrared Imaging Market:

The world is facing an economic crisis caused by COVID-19 pandemic. The pandemic like various other markets has also led to a decline in the growth rate of the infrared imaging market, especially in 2020 and 2021. This is because organizations in most of the major demand-generating verticals are currently, or were, non-operational in various countries, thereby negatively impacting the demand for infrared imaging products. The COVID-19 pandemic has also disrupted the supply chain of the infrared imaging market, thus hindering the manufacturing, distribution, and installation of infrared imaging solutions.

While the COVID-19 pandemic is expected to negatively impact the growth of the infrared imaging market in the short run, it has also led to the rising adoption of infrared imaging products for body temperature measurement. In recent months, a number of companies operating in the infrared imaging market have launched products for the said application.

Market Dynamics:

Driver: High adoption of infrared imaging products in security & surveillance application

In Infrared cameras find widespread adoption in the security & surveillance application due to their ability to be used in harsh environments, such as fog, haze, smoke, and water vapor. They are especially suited to the military & defense vertical, where they are used for human/object movement monitoring; and chemical, biological, radiological, and nuclear defense (CBRNE) detection. Companies operating in the infrared imaging market have received a number of contracts for the development or supply of infrared products for the military & defense vertical. Infrared cameras are also widely used for security & surveillance purposes in industrial and commercial buildings. They are particularly suited for temperature measurement as they allow a safe distance to be maintained between operators and subject, and require less manpower.

Restraint: Stringent import and export regulations limit growth of infrared imaging market

The International Traffic in Arms Regulations (ITAR) implemented by the US Department of State requires commodity jurisdiction approval for the sale of restricted infrared cameras in the US. Infrared camera manufacturers cannot exchange their products with a person or an entity, whether inside the US or abroad, without export authorization, and are liable to face penalties in case of noncompliance with the regulation. Commodity jurisdiction approval to sell these products is required by manufacturers and distributors, which adds to the complications and costs involved in the sale and purchase of infrared cameras.

This regulation is restricting infrared camera manufacturers based in the US from expanding their reach outside the country. Infrared manufacturers based outside the US are also unable to easily expand their reach in the US. Some infrared camera manufacturers, such as Sensors Unlimited (US), Princeton Infrared Technologies (US), FLIR Systems (US), and Xenics (Belgium), have received commodity jurisdiction approval for the sale of some or all of their infrared cameras in the US. However, many manufacturers and distributors are required to follow the process to get approval, which limits the growth of the infrared imaging market.

Opportunity: Growth opportunities in emerging APAC countries

The infrared imaging market is witnessing significant growth in APAC, especially in the emerging countries. The region has seen significant investments and government incentives for the modernization of the military & defense sector, which is among the major application areas for infrared imaging technology-based devices; this is expected to fuel the growth of the infrared imaging market in APAC. In October 2017, FLIR Systems (US) received a contract worth USD 6.8 million for providing Black Hornet PRS for the Australian Army. Recently, the Indian government initiated a plan to spend ~USD 4.86 billion on installing night vision surveillance equipment at international borders along Pakistan, China, Bangladesh, and Myanmar. The demand for infrared imaging systems is also on the rise in various industrial segments in APAC, such as electronics & semiconductor and automotive.

Challenge: High cost of infrared cameras

The high cost of infrared cameras compared to other substitute technologies available in the market has hindered their widespread adoption. SWIR cameras are usually more expensive than LWIR and MWIR cameras. A majority of SWIR cameras are supported by indium gallium arsenide (InGaAs) sensors, which being an expensive semiconductor material, accounts for a major share of the total price of the camera. The glass lens supporting the InGaAs sensor is also more expensive than lenses used in other infrared products. The higher cost of an SWIR camera restricts its widespread adoption, and impacts the overall infrared imaging market. While LWIR and MWIR cameras are also expensive, their price varies as per the application. For instance, infrared imaging cameras used for inspection in buildings are usually less expensive than those used in the research and development application.

Infrared imaging market for nonindustrial vertical to grow at highest CAGR during the forecast period

Based on vertical, the infrared imaging market has been segmented into two broad categories: industrial and nonindustrial. Among these, the nonindustrial vertical is expected to dominate as well as record the highest CAGR during the forecast period. The military & defense, and civil infrastructure segments generate the highest demand for infrared imaging products in the nonindustrial vertical.

Security & surveillance application to account for largest market share during the forecast period

The infrared imaging market is expected to be led by the security & surveillance application during the forecast period. Infrared cameras are being widely adopted for security & surveillance applications because they provide visibility through fog and smoke, and under any illumination conditions. Infrared cameras operating in the long-wave infrared and near infrared range are the most favored for surveillance & security applications.

Infrared Imaging Market by Region

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North America to account for largest market share during forecast period

North America to account for the largest share of the infrared imaging market during the forecast period. High demand for infrared imaging products for the security & surveillance application is one of the major factors fueling the growth of the infrared imaging market in North America. The military & defense, and civil infrastructure segments generate the highest demand for infrared imaging cameras for this application.

Key Market Players

FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Axis Communications (Sweden), Xenics (Belgium), Opgal Optronic Industries (Israel), New Imaging Technologies (France), Allied Vision Technologies (Germany), Lynred (France), are among the key players operating in the infrared imaging market.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Wavelength, Technology, Application, Vertical and Region

Regions covered

North America, APAC, Europe, and RoW

Companies covered

FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Axis Communications (Sweden), and Xenics (Belgium), among others (total 20 players are covered).

This research report categorizes the infrared imaging market based on wavelength, technology, application, vertical, and region.

Infrared Imaging Market, by Technology

  • Cooled Infrared Imaging
  • Uncooled Infrared Imaging

Infrared Imaging Market, by Wavelength

Infrared Imaging Market, by Application

  • Security & Surveillance
  • Monitoring & Inspection
  • Detection

Infrared Imaging Market, by Vertical

  • Industrial
  • Nonindustrial

Infrared Imaging Market, by Geography

  • North America (US, Canada, and Mexico)
  • Europe (UK, Germany, France, and Rest of Europe)
  • APAC (China, Japan, India, and Rest of APAC)
  • RoW (South America, and Middle East and Africa)

Recent Developments

  • In October 2020, FLIR Systems (US) expanded its Exx-Series of advanced thermal imaging cameras with the launch of four new products: the E96, E86, E76 and E54. These cameras are designed to help professionals detect the early signs of building issues, identify hot spots, troubleshoot electrical and mechanical systems, and prevent problems before they cause damage that leads to expensive repairs.
  • In June 2020, New Imaging Technologies expanded its WiDy SenS family with the launch of a new SWIR camera, WiDy SenS 640A-STE. This product is ideal for embedded applications in UAVs, drones, land or naval platforms.
  • In May 2020, FLIR Systems (US) won an additional USD 20.6 million contract from the US Army to deliver its FLIR Black Hornet 3 Personal Reconnaissance Systems (PRS).

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 SUMMARY OF CHANGES
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
                 FIGURE 1 INFRARED IMAGING MARKET SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
        FIGURE 2 PROCESS FLOW: INFRARED IMAGING MARKET SIZE ESTIMATION
        FIGURE 3 INFRARED IMAGING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Bottom-up approach for arriving at market share
                            FIGURE 4 INFRARED IMAGING MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 5 INFRARED IMAGING MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.4 ASSUMPTIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 39)
    3.1 INFRARED IMAGING MARKET: POST COVID-19
           3.1.1 REALISTIC SCENARIO
                 FIGURE 7 REALISTIC SCENARIO: INFRARED IMAGING MARKET, 2017–2025 (USD BILLION)
           3.1.2 PESSIMISTIC SCENARIO
                 FIGURE 8 PESSIMISTIC SCENARIO: INFRARED IMAGING MARKET, 2017–2025 (USD BILLION)
           3.1.3 OPTIMISTIC SCENARIO
                 FIGURE 9 OPTIMISTIC SCENARIO: INFRARED IMAGING MARKET, 2017–2025 (USD BILLION)
                 FIGURE 10 IMPACT OF COVID-19 ON INFRARED IMAGING MARKET
                 FIGURE 11 UNCOOLED SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                 FIGURE 12 SHORTWAVE INFRARED TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
                 FIGURE 13 SECURITY & SURVEILLANCE APPLICATION TO HOLD LARGEST SHARE OF INFRARED IMAGING MARKET DURING FORECAST PERIOD
                 FIGURE 14 NONINDUSTRIAL TO BE FASTEST-GROWING VERTICAL DURING FORECAST PERIOD
                 FIGURE 15 NORTH AMERICA CAPTURED LARGEST MARKET SHARE IN 2019

4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INFRARED IMAGING MARKET
        FIGURE 16 INCREASING ADOPTION OF INFRARED IMAGING IN APAC DRIVING MARKET GROWTH
    4.2 INFRARED IMAGING MARKET, BY TECHNOLOGY
        FIGURE 17 UNCOOLED MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.3 INFRARED IMAGING MARKET, BY WAVELENGTH
        FIGURE 18 LONG-WAVE INFRARED SEGMENT DOMINATED INFRARED IMAGING MARKET IN 2019, IN TERMS OF MARKET SIZE
    4.4 INFRARED IMAGING MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION
        FIGURE 19 US PROJECTED TO HOLD LARGEST SHARE OF INFRARED IMAGING MARKET IN NORTH AMERICA IN 2025
    4.5 INFRARED IMAGING MARKET, BY VERTICAL
        FIGURE 20 NONINDUSTRIAL SEGMENT PROJECTED TO RECORD HIGHEST CAGR FROM 2020 TO 2025
    4.6 INFRARED IMAGING MARKET, BY COUNTRY (2020)
        FIGURE 21 US ESTIMATED TO HOLD LARGEST SHARE OF INFRARED IMAGING MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 22 USE OF INFRARED CAMERAS IN SECURITY AND SURVEILLANCE, AND QUALITY CONTROL AND INSPECTION APPLICATIONS DRIVES INFRARED IMAGING MARKET
           5.2.1 DRIVERS
                 FIGURE 23 INFRARED IMAGING MARKET DRIVERS AND THEIR IMPACT
                    5.2.1.1 High adoption of infrared imaging products in security & surveillance application
                            FIGURE 24 MILITARY EXPENDITURE IN NORTH AMERICA IN USD BILLION (2018 VS. 2019)
                    5.2.1.2 Increasing use of infrared cameras in quality control and inspection application
                    5.2.1.3 Growing popularity of uncooled infrared cameras
           5.2.2 RESTRAINTS
                 FIGURE 25 INFRARED IMAGING MARKET RESTRAINTS AND THEIR IMPACT
                    5.2.2.1 Stringent import and export regulations limit growth of infrared imaging market
           5.2.3 OPPORTUNITIES
                 FIGURE 26 INFRARED IMAGING MARKET OPPORTUNITIES AND THEIR IMPACT
                    5.2.3.1 Growth opportunities in emerging APAC countries
                    5.2.3.2 Emerging application areas for SWIR cameras
                    5.2.3.3 Penetration of infrared cameras in consumer electronics industry
           5.2.4 CHALLENGES
                 FIGURE 27 INFRARED IMAGING MARKET CHALLENGES AND THEIR IMPACT
                    5.2.4.1 High cost of infrared cameras
                    5.2.4.2 Need to design highly accurate cameras
    5.3 COVID-19 RELATED DRIVERS
           5.3.1 COMPANIES LAUNCHING SOFTWARE TO IMPROVE SKIN TEMPERATURE SCREENING
           5.3.2 USE OF THERMAL IMAGING TO SPOT COVID-19 EXPECTED TO DRIVE INFRARED IMAGING MARKET IN FORECAST PERIOD
    5.4 COVID-19 RELATED CHALLENGES
           5.4.1 POST-COVID-19 INFRARED IMAGING POSITION

6 INDUSTRY TRENDS (Page No. - 55)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
        FIGURE 28 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDITION DURING COMPONENT & PRODUCT MANUFACTURING STAGE
    6.3 ECOSYSTEM ANALYSIS
        FIGURE 29 ECOSYSTEM ANALYSIS FOR INFRARED IMAGING MARKET
    6.4 PRICING ANALYSIS
        TABLE 1 PRICE OF INFRARED CAMERA (USD)
    6.5 TECHNOLOGICAL TRENDS IN INFRARED IMAGING MARKET
           6.5.1 IR IMAGING AS A RAPID TOOL TO ANALYZE ORGANIC COMPOSTS
           6.5.2 VIBRATIONAL SPECTROSCOPIC TECHNIQUES FOR TEA QUALITY AND SAFETY ANALYSIS
    6.6 PATENTS
           6.6.1 KEY PATENTS OF FLIR SYSTEMS
           6.6.2 PATENT 1
           6.6.3 PATENT 2
    6.7 GLOBAL INFRARED IMAGING MARKET STANDARDS AND FRAMEWORKS
           6.7.1 INTERNATIONAL TRAFFIC IN ARMS REGULATIONS (ITAR)
           6.7.2 NATIONAL ELECTRONIC DISTRIBUTORS ASSOCIATION (NEDA)
           6.7.3 INSTITUTE FOR PRINTED CIRCUITS (IPC)
           6.7.4 WORKING-PARTY ON INSTRUMENT BEHAVIOR M-2784 (WIB M-2784) – PROCESS CONTROL DOMAIN: SECURITY REQUIREMENTS FOR VENDORS
    6.8 TRADE ANALYSIS
           6.8.1 IMPORTS SCENARIO
                 FIGURE 30 IR SPECTROSCOPY IMPORTS DATA, BY KEY COUNTRY, 2015–2019 (USD MILLION)
           6.8.2 EXPORTS SCENARIO
                 FIGURE 31 IR SPECTROSCOPY EXPORTS DATA, BY KEY COUNTRY, 2015–2019 (USD MILLION)
    6.9 USE CASES
           6.9.1 USE CASE 1: FLIR SYSTEMS
           6.9.2 USE CASE 2: FLIR SYSTEMS
    6.1 PORTER’S FIVE FORCE ANALYSIS
        TABLE 2 IMPACT OF EACH FORCE ON INFRARED IMAGING MARKET

7 INFRARED IMAGING MARKET, BY TECHNOLOGY (Page No. - 63)
    7.1 INTRODUCTION
        FIGURE 32 INFRARED IMAGING MARKET, BY TECHNOLOGY
        FIGURE 33 UNCOOLED SEGMENT TO ACCOUNT FOR LARGER SIZE OF INFRARED IMAGING MARKET DURING FORECAST PERIOD
        TABLE 3 INFRARED IMAGING MARKET, BY TECHNOLOGY, 2017–2019 (USD BILLION)
        TABLE 4 INFRARED IMAGING MARKET, BY TECHNOLOGY, 2020–2025 (USD BILLION)
    7.2 COOLED INFRARED IMAGING
           7.2.1 FACILITATES CLEARER RESULTS FROM MID-WAVE INFRARED (MWIR) IMAGING CAMERAS
                 TABLE 5 COOLED INFRARED IMAGING MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 6 COOLED INFRARED IMAGING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    7.3 UNCOOLED INFRARED IMAGING
           7.3.1 IDEALLY SUITED TO LOW-COST AND HIGH-VOLUME APPLICATIONS
           7.3.2 UNCOOLED INFRARED IMAGING MARKET: COVID-19 IMPACT
                 FIGURE 34 IMPACT OF COVID-19 ON UNCOOLED INFRARED IMAGING MARKET
                 TABLE 7 PRE-COVID & POST-COVID UNCOOLED INFRARED IMAGING MARKET, 2017–2025 (USD BILLION)
                 TABLE 8 UNCOOLED INFRARED IMAGING MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 9 UNCOOLED INFRARED IMAGING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)

8 INFRARED IMAGING MARKET, BY WAVELENGTH (Page No. - 69)
    8.1 INTRODUCTION
        FIGURE 35 INFRARED IMAGING MARKET, BY WAVELENGTH
        FIGURE 36 SHORTWAVE INFRARED SEGMENT TO WITNESS HIGHEST GROWTH IN INFRARED IMAGING MARKET DURING FORECAST PERIOD
        TABLE 10 INFRARED IMAGING MARKET, BY WAVELENGTH, 2017–2019 (USD MILLION)
        TABLE 11 INFRARED IMAGING MARKET, BY WAVELENGTH, 2020–2025 (USD MILLION)
    8.2 NEAR INFRARED (NIR)
           8.2.1 CCD AND CMOS DETECTORS MOST COMMONLY USED IN NIR CAMERAS
                 TABLE 12 NEAR INFRARED IMAGING MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 13 NEAR INFRARED IMAGING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                 TABLE 14 NEAR INFRARED IMAGING MARKET, BY VERTICAL, 2017–2019 (USD MILLION)
                 TABLE 15 NEAR INFRARED IMAGING MARKET, BY VERTICAL,  2020–2025 (USD MILLION)
                 TABLE 16 NEAR INFRARED IMAGING MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 17 NEAR INFRARED IMAGING MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.3 SHORTWAVE INFRARED (SWIR)
           8.3.1 WIDE USE OF INGAAS DETECTORS IN SWIR CAMERAS
           8.3.2 SHORTWAVE INFRARED IMAGING MARKET: COVID-19 IMPACT
                 FIGURE 37 IMPACT OF COVID-19 ON SHORTWAVE INFRARED IMAGING MARKET
                 TABLE 18 PRE-COVID & POST-COVID SHORTWAVE INFRARED IMAGING MARKET, 2017–2025 (USD MILLION)
                 TABLE 19 SHORTWAVE INFRARED IMAGING MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 20 SHORTWAVE INFRARED IMAGING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                 TABLE 21 SHORTWAVE INFRARED IMAGING MARKET, BY VERTICAL, 2017–2019 (USD MILLION)
                 TABLE 22 SHORTWAVE INFRARED IMAGING MARKET, BY VERTICAL, 2020–2025 (USD MILLION)
                 TABLE 23 SHORTWAVE INFRARED IMAGING MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 24 SHORTWAVE INFRARED IMAGING MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.4 MID-WAVE INFRARED (MWIR)
           8.4.1 GROWING USE OF INSB DETECTORS FOR IMAGING IN MWIR RANGE
                 FIGURE 38 SECURITY & SURVEILLANCE APPLICATION TO DOMINATE MID-WAVE INFRARED IMAGING MARKET DURING FORECAST PERIOD
                 TABLE 25 MID-WAVE INFRARED IMAGING MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 26 MID-WAVE INFRARED IMAGING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                 TABLE 27 MID-WAVE INFRARED IMAGING MARKET, BY VERTICAL, 2017–2019 (USD MILLION)
                 TABLE 28 MID-WAVE INFRARED IMAGING MARKET, BY VERTICAL, 2020–2025 (USD MILLION)
                 TABLE 29 MID-WAVE INFRARED IMAGING MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 30 MID-WAVE INFRARED IMAGING MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.5 LONG-WAVE INFRARED (LWIR)
           8.5.1 INCREASING USE OF MICROBOLOMETERS IN LWIR CAMERAS
                 TABLE 31 LONG-WAVE INFRARED IMAGING MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 32 LONG-WAVE INFRARED IMAGING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                 TABLE 33 LONG-WAVE INFRARED IMAGING MARKET, BY VERTICAL, 2017–2019 (USD MILLION)
                 TABLE 34 LONG-WAVE INFRARED IMAGING MARKET, BY VERTICAL,  2020–2025 (USD MILLION)
                 TABLE 35 LONG-WAVE INFRARED IMAGING MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 36 LONG-WAVE INFRARED IMAGING MARKET, BY REGION, 2020–2025 (USD MILLION)

9 INFRARED IMAGING MARKET, BY APPLICATION (Page No. - 82)
    9.1 INTRODUCTION
        FIGURE 39 INFRARED IMAGING MARKET, BY APPLICATION
        FIGURE 40 MONITORING & INSPECTION APPLICATION EXPECTED TO WITNESS HIGHEST GROWTH IN INFRARED IMAGING MARKET DURING FORECAST PERIOD
        TABLE 37 INFRARED IMAGING MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
        TABLE 38 INFRARED IMAGING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    9.2 SECURITY & SURVEILLANCE
           9.2.1 HIGH DEMAND FOR INFRARED IMAGING CAMERAS FROM MILITARY & DEFENSE VERTICAL
           9.2.2 INFRARED IMAGING MARKET FOR SECURITY & SURVEILLANCE APPLICATION: COVID-19 IMPACT
                 FIGURE 41 IMPACT OF COVID-19 ON INFRARED IMAGING MARKET FOR SECURITY & SURVEILLANCE APPLICATION
                 TABLE 39 PRE-COVID & POST-COVID INFRARED IMAGING MARKET FOR SECURITY & SURVEILLANCE, 2017–2025 (USD BILLION)
                 TABLE 40 IMAGING MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY TECHNOLOGY, 2017–2019 (USD MILLION)
                 TABLE 41 IMAGING MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                 TABLE 42 IMAGING MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY VERTICAL, 2017–2019 (USD MILLION)
                 TABLE 43 IMAGING MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY VERTICAL, 2020–2025 (USD MILLION)
                 TABLE 44 INFRARED IMAGING MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 45 INFRARED IMAGING MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2020–2025 (USD MILLION)
    9.3 MONITORING & INSPECTION
           9.3.1 CONDITION MONITORING
                    9.3.1.1 Wide use of infrared imaging cameras to prevent machine failure across industrial and nonindustrial verticals
           9.3.2 STRUCTURAL HEALTH MONITORING
                    9.3.2.1 Growing reliance on infrared imaging cameras to identify leakages and moisture accumulation
           9.3.3 QUALITY CONTROL
                    9.3.3.1 Preference for real-time and online infrared imaging cameras to monitor and control production and plant processes
                            FIGURE 42 UNCOOLED SEGMENT TO DOMINATE INFRARED IMAGING MARKET FOR MONITORING & INSPECTION APPLICATION DURING FORECAST PERIOD
                            TABLE 46 IMAGING MARKET FOR MONITORING & INSPECTION APPLICATION, BY TECHNOLOGY, 2017–2019 (USD MILLION)
                            TABLE 47 IMAGING MARKET FOR MONITORING & INSPECTION APPLICATION, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                            TABLE 48 IMAGING MARKET FOR MONITORING & INSPECTION APPLICATION, BY VERTICAL, 2017–2019 (USD MILLION)
                            TABLE 49 IMAGING MARKET FOR MONITORING & INSPECTION APPLICATION, BY VERTICAL, 2020–2025 (USD MILLION)
                            TABLE 50 INFRARED IMAGING MARKET FOR MONITORING & INSPECTION APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 51 INFRARED IMAGING MARKET FOR MONITORING & INSPECTION APPLICATION, BY REGION, 2020–2025 (USD MILLION)
    9.4 DETECTION
           9.4.1 GAS DETECTION
                    9.4.1.1 Use of infrared imaging cameras to detect wide variety of gases
           9.4.2 FIRE/FLARE DETECTION
                    9.4.2.1 High suitability of infrared imaging cameras for firefighting applications
           9.4.3 BODY TEMPERATURE MEASUREMENT
                    9.4.3.1 Rising adoption of infrared imaging solutions to detect elevated body temperature
                            TABLE 52 IMAGING MARKET FOR DETECTION APPLICATION, BY TECHNOLOGY, 2017–2019 (USD MILLION)
                            TABLE 53 IMAGING MARKET FOR DETECTION APPLICATION, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                            TABLE 54 IMAGING MARKET FOR DETECTION APPLICATION, BY VERTICAL, 2017–2019 (USD MILLION)
                            TABLE 55 IMAGING MARKET FOR DETECTION APPLICATION, BY VERTICAL, 2020–2025 (USD MILLION)
                            TABLE 56 INFRARED IMAGING MARKET FOR DETECTION APPLICATION, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 57 INFRARED IMAGING MARKET FOR DETECTION APPLICATION, BY REGION, 2020–2025 (USD MILLION)

10 INFRARED IMAGING MARKET, BY VERTICAL (Page No. - 94)
     10.1 INTRODUCTION
          FIGURE 43 INFRARED IMAGING MARKET, BY VERTICAL
          FIGURE 44 NONINDUSTRIAL VERTICAL EXPECTED TO DOMINATE INFRARED IMAGING MARKET DURING FORECAST PERIOD
          TABLE 58 INFRARED IMAGING MARKET, BY VERTICAL, 2017–2019 (USD MILLION)
          TABLE 59 INFRARED IMAGING MARKET, BY VERTICAL, 2020–2025 (USD MILLION)
     10.2 INDUSTRIAL
             10.2.1 AUTOMOTIVE
                        10.2.1.1 Increasing use of infrared imaging cameras for driver vision enhancement
             10.2.2 AEROSPACE
                        10.2.2.1 Infrared imaging products suited to quality control and inspection applications for aircraft
             10.2.3 ELECTRONICS & SEMICONDUCTOR
                        10.2.3.1 Growing use of infrared imaging cameras for monitoring & inspection applications
             10.2.4 OIL & GAS
                        10.2.4.1 Enhanced predictive maintenance through use of infrared cameras
             10.2.5 FOOD & BEVERAGES
                        10.2.5.1 Multiple uses of infrared imaging products including monitoring & inspection
             10.2.6 GLASS
                        10.2.6.1 Use of SWIR cameras improves manufacturing processes
             10.2.7 OTHERS
                    FIGURE 45 APAC TO WITNESS HIGHEST GROWTH IN INFRARED IMAGING MARKET FOR INDUSTRIAL VERTICAL DURING FORECAST PERIOD
             10.2.8 INFRARED IMAGING MARKET FOR INDUSTRIAL VERTICAL: COVID-19 IMPACT
                    FIGURE 46 IMPACT OF COVID-19 ON INFRARED IMAGING MARKET FOR INDUSTRIAL VERTICAL
                    TABLE 60 PRE-COVID & POST-COVID INFRARED IMAGING MARKET FOR INDUSTRIAL VERTICAL, 2017–2025 (USD BILLION)
                    TABLE 61 IMAGING MARKET FOR INDUSTRIAL VERTICAL, BY APPLICATION, 2017–2019 (USD MILLION)
                    TABLE 62 IMAGING MARKET FOR INDUSTRIAL VERTICAL, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 63 INFRARED IMAGING MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 64 INFRARED IMAGING MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2020–2025 (USD MILLION)
     10.3 NONINDUSTRIAL
             10.3.1 MILITARY & DEFENSE
                        10.3.1.1 High demand for infrared imaging products for vision enhancement purposes
             10.3.2 CIVIL INFRASTRUCTURE
                        10.3.2.1 Use of infrared imaging cameras for residential and commercial buildings, and transportation infrastructure
             10.3.3 MEDICAL
                        10.3.3.1 SWIR cameras find use in health monitoring and diagnostic procedures
             10.3.4 SCIENTIFIC RESEARCH
                        10.3.4.1 Infrared imaging cameras find growing use in spectroscopy
                                 TABLE 65 IMAGING MARKET FOR NON-INDUSTRIAL VERTICAL, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 66 IMAGING MARKET FOR NON-INDUSTRIAL VERTICAL, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 67 INFRARED IMAGING MARKET FOR NON-INDUSTRIAL VERTICAL, BY REGION, 2017–2019 (USD MILLION)
                                 TABLE 68 INFRARED IMAGING MARKET FOR NON-INDUSTRIAL VERTICAL, BY REGION, 2020–2025 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 105)
     11.1 INTRODUCTION
          FIGURE 47 GEOGRAPHIC SNAPSHOT (2020–2025): INFRARED IMAGING MARKET EXPECTED TO WITNESS SIGNIFICANT GROWTH IN APAC COUNTRIES DURING FORECAST PERIOD
          TABLE 69 INFRARED IMAGING MARKET, BY REGION, 2017–2019 (USD MILLION)
          TABLE 70 INFRARED IMAGING MARKET, BY REGION, 2020–2025 (USD MILLION)
     11.2 NORTH AMERICA
          FIGURE 48 NORTH AMERICA: INFRARED IMAGING MARKET SNAPSHOT
             11.2.1 INFRARED IMAGING MARKET IN NORTH AMERICA: COVID-19 IMPACT
                    FIGURE 49 IMPACT OF COVID-19 ON INFRARED IMAGING MARKET IN NORTH AMERICA
                    TABLE 71 PRE-COVID & POST-COVID INFRARED IMAGING MARKET IN NORTH AMERICA, 2017–2025 (USD BILLION)
                    TABLE 72 INFRARED IMAGING MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
                    TABLE 73 INFRARED IMAGING MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
             11.2.2 US
                        11.2.2.1 Wide use of infrared imaging products by US Army
                                 TABLE 74 INFRARED IMAGING MARKET IN US, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 75 INFRARED IMAGING MARKET IN US, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 76 INFRARED IMAGING MARKET IN US, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 77 INFRARED IMAGING MARKET IN US, BY VERTICAL, 2020–2025 (USD MILLION)
             11.2.3 CANADA
                        11.2.3.1 Use of infrared imaging cameras for security & surveillance
                                 TABLE 78 INFRARED IMAGING MARKET IN CANADA, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 79 INFRARED IMAGING MARKET IN CANADA, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 80 INFRARED IMAGING MARKET IN CANADA, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 81 INFRARED IMAGING MARKET IN CANADA, BY VERTICAL, 2020–2025 (USD MILLION)
             11.2.4 MEXICO
                        11.2.4.1 Significant potential for growth of infrared imaging market
                                 TABLE 82 INFRARED IMAGING MARKET IN MEXICO, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 83 INFRARED IMAGING MARKET IN MEXICO, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 84 INFRARED IMAGING MARKET IN MEXICO, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 85 INFRARED IMAGING MARKET IN MEXICO, BY VERTICAL, 2020–2025 (USD MILLION)
     11.3 EUROPE
          FIGURE 50 EUROPE: INFRARED IMAGING MARKET SNAPSHOT
          TABLE 86 INFRARED IMAGING MARKET IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 87 INFRARED IMAGING MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Leading position in European infrared imaging market during forecast period
                                 TABLE 88 INFRARED IMAGING MARKET IN GERMANY, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 89 INFRARED IMAGING MARKET IN GERMANY, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 90 INFRARED IMAGING MARKET IN GERMANY, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 91 INFRARED IMAGING MARKET IN GERMANY, BY VERTICAL, 2020–2025 (USD MILLION)
             11.3.2 UK
                        11.3.2.1 Focus on using infrared imaging in medical and pharmaceutical sectors
                                 TABLE 92 INFRARED IMAGING MARKET IN UK, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 93 INFRARED IMAGING MARKET IN UK, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 94 INFRARED IMAGING MARKET IN UK, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 95 INFRARED IMAGING MARKET IN UK, BY VERTICAL, 2020–2025 (USD MILLION)
             11.3.3 FRANCE
                        11.3.3.1 High demand for infrared imaging technology from aerospace and military & defense industries
                                 TABLE 96 INFRARED IMAGING MARKET IN FRANCE, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 97 INFRARED IMAGING MARKET IN FRANCE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 98 INFRARED IMAGING MARKET IN FRANCE, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 99 INFRARED IMAGING MARKET IN FRANCE, BY VERTICAL, 2020–2025 (USD MILLION)
             11.3.4 REST OF EUROPE
                    TABLE 100 INFRARED IMAGING MARKET IN REST OF EUROPE, BY APPLICATION, 2017–2019 (USD MILLION)
                    TABLE 101 INFRARED IMAGING MARKET IN REST OF EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 102 INFRARED IMAGING MARKET IN REST OF EUROPE, BY VERTICAL, 2017–2019 (USD MILLION)
                    TABLE 103 INFRARED IMAGING MARKET IN REST OF EUROPE, BY VERTICAL, 2020–2025 (USD MILLION)
     11.4 ASIA PACIFIC
          FIGURE 51 ASIA PACIFIC: INFRARED IMAGING MARKET SNAPSHOT
             11.4.1 INFRARED IMAGING MARKET IN APAC: COVID-19 IMPACT
                    FIGURE 52 IMPACT OF COVID-19 ON INFRARED IMAGING MARKET IN APAC
                    TABLE 104 PRE-COVID & POST-COVID INFRARED IMAGING MARKET IN APAC, 2017–2025 (USD BILLION)
                    TABLE 105 INFRARED IMAGING MARKET IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
                    TABLE 106 INFRARED IMAGING MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
             11.4.2 CHINA
                        11.4.2.1 Leading position in APAC market during forecast period
                                 TABLE 107 INFRARED IMAGING MARKET IN CHINA, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 108 INFRARED IMAGING MARKET IN CHINA, BY APPLICATION,2020–2025 (USD MILLION)
                                 TABLE 109 INFRARED IMAGING MARKET IN CHINA, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 110 INFRARED IMAGING MARKET IN CHINA, BY VERTICAL, 2020–2025 (USD MILLION)
             11.4.3 JAPAN
                        11.4.3.1 High demand from industrial and nonindustrial verticals driving market
                                 TABLE 111 INFRARED IMAGING MARKET IN JAPAN, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 112 INFRARED IMAGING MARKET IN JAPAN, BY APPLICATION,2020–2025 (USD MILLION)
                                 TABLE 113 INFRARED IMAGING MARKET IN JAPAN, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 114 INFRARED IMAGING MARKET IN JAPAN, BY VERTICAL, 2020–2025 (USD MILLION)
             11.4.4 INDIA
                        11.4.4.1 Military & defense sector to drive growth of infrared imaging market
                                 TABLE 115 INFRARED IMAGING MARKET IN INDIA, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 116 INFRARED IMAGING MARKET IN INDIA, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 117 INFRARED IMAGING MARKET IN INDIA, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 118 INFRARED IMAGING MARKET IN INDIA, BY VERTICAL, 2020–2025 (USD MILLION)
             11.4.5 REST OF APAC
                    TABLE 119 INFRARED IMAGING MARKET IN REST OF APAC, BY APPLICATION, 2017–2019 (USD MILLION)
                    TABLE 120 INFRARED IMAGING MARKET IN REST OF APAC, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 121 INFRARED IMAGING MARKET IN REST OF APAC, BY VERTICAL, 2017–2019 (USD MILLION)
                    TABLE 122 INFRARED IMAGING MARKET IN REST OF APAC, BY VERTICAL, 2020–2025 (USD MILLION)
     11.5 REST OF THE WORLD
          TABLE 123 INFRARED IMAGING MARKET IN ROW, BY REGION, 2017–2019 (USD MILLION)
          TABLE 124 INFRARED IMAGING MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
             11.5.1 SOUTH AMERICA
                        11.5.1.1 High demand for infrared imaging products from Brazil, Chile, and Argentina
                                 TABLE 125 INFRARED IMAGING MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 126 INFRARED IMAGING MARKET IN SOUTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 127 INFRARED IMAGING MARKET IN SOUTH AMERICA, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 128 INFRARED IMAGING MARKET IN SOUTH AMERICA, BY VERTICAL, 2020–2025 (USD MILLION)
             11.5.2 MIDDLE EAST & AFRICA
                        11.5.2.1 Use of infrared imaging technology offers increasing benefits to oil & gas industry
                                 TABLE 129 INFRARED IMAGING MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2017–2019 (USD MILLION)
                                 TABLE 130 INFRARED IMAGING MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 131 INFRARED IMAGING MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL, 2017–2019 (USD MILLION)
                                 TABLE 132 INFRARED IMAGING MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL, 2020–2025 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 135)
     12.1 OVERVIEW
     12.2 MARKET EVALUATION FRAMEWORK:
          FIGURE 53 MARKET EVOLUTION FRAMEWORK – PRODUCT LAUNCHES AND DEVELOPMENTS EMERGED AS MAJOR GROWTH STRATEGIES OF PLAYERS IN INFRARED IMAGING MARKET FROM 2018 TO OCTOBER 2020
     12.3 SHARE ANALYSIS OF KEY PLAYERS IN INFRARED IMAGING MARKET IN 2019
          FIGURE 54 INFRARED IMAGING MARKET: MARKET SHARE ANALYSIS, 2019
     12.4 5-YEAR REVENUE ANALYSIS
          FIGURE 55 REVENUE ANALYSIS (USD MILLION), 2015—2019
     12.5 COMPETITIVE LEADERSHIP MAPPING
             12.5.1 STAR
             12.5.2 EMERGING LEADER
             12.5.3 PERVASIVE
             12.5.4 PARTICIPANT
                    FIGURE 56 INFRARED IMAGING MARKET COMPETITIVE LEADERSHIP MAPPING, 2019
     12.6 COMPETITIVE BENCHMARKING
             12.6.1 STRENGTH OF PRODUCT PORTFOLIO
                    FIGURE 57 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN INFRARED IMAGING MARKET
             12.6.2 BUSINESS STRATEGY EXCELLENCE
                    FIGURE 58 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN INFRARED IMAGING MARKET
     12.7 INFRARED IMAGING MARKET STARTUP/SME EVALUATION MATRIX, 2019
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
                    FIGURE 59 INFRARED IMAGING MARKET, STARTUP/SME EVALUATION MATRIX, 2019
     12.8 COMPETITIVE SITUATIONS AND TRENDS:
             12.8.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                    TABLE 133 PRODUCT LAUNCHES AND DEVELOPMENTS, 2020
             12.8.2 DEALS
                    TABLE 134 DEALS, 2019–2020

13 COMPANY PROFILES (Page No. - 145)
     13.1 INTRODUCTION
(Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis, and MnM View(Key strengths/right to win, Strategic choices, Weaknesses and competitive threats))*
     13.2 KEY PLAYERS
             13.2.1 FLIR SYSTEMS
                    FIGURE 60 FLIR SYSTEMS: COMPANY SNAPSHOT
             13.2.2 FLUKE
             13.2.3 SENSORS UNLIMITED
             13.2.4 LEONARDO DRS
                    FIGURE 61 LEONARDO DRS: COMPANY SNAPSHOT
             13.2.5 AXIS COMMUNICATIONS
                    FIGURE 62 AXIS COMMUNICATIONS: COMPANY SNAPSHOT
             13.2.6 XENICS
             13.2.7 OPGAL OPTRONIC INDUSTRIES
             13.2.8 NEW IMAGING TECHNOLOGIES
             13.2.9 ALLIED VISION TECHNOLOGIES
             13.2.10 LYNRED
     13.3 OTHER COMPANIES
             13.3.1 COX
             13.3.2 C-THERMAL
             13.3.3 IRCAMERAS
             13.3.4 PRINCETON INFRARED TECHNOLOGIES
             13.3.5 DALI TECHNOLOGY
             13.3.6 TONBO IMAGING
             13.3.7 L3HARRIS TECHNOLOGIES
             13.3.8 RAPTOR PHOTONICS
             13.3.9 EPISENORS
             13.3.10 PRINCETON INSTRUMENTS

*Details on Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis, and MnM View(Key strengths/right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 184)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the infrared imaging market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include infrared technology journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the infrared imaging market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.

Infrared Imaging Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the infrared imaging market and other dependent submarkets listed in this report.

  • Key players in the industry and markets have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Infrared Imaging Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends identified from both demand and supply sides in industrial, and nonindustrial verticals.

Report Objectives

The following are the primary objectives of the study.

  • To define, describe, and forecast the infrared imaging market, in terms of value, by of technology, wavelength, application, vertical, and region
  • To provide the market size estimation for North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their respective country-level market sizes, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges that influence market growth
  • To provide a detailed overview of the infrared imaging value chain
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze key trends related to components, connectivity technologies, and applications that shape and influence the global infrared imaging market
  • To profile key players and comprehensively analyze their ranking based on their revenues and core competencies
  •  To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
  • To analyze competitive developments in the infrared imaging market, such as expansions, agreements, partnerships, contracts, product developments, and research and development (R&D) activities

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Infrared Imaging Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Infrared Imaging Market

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