Infrared Imaging Market

Infrared Imaging Market by Technology (Cooled Infrared Imaging and Uncooled Infrared Imaging), Wavelength (Near Infrared, Shortwave Infrared, Mid-wave Infrared, and Long-wave Infrared), Application, Vertical, and Geography - Global Forecast to 2023

Report Code: SE 3270 Mar, 2018, by marketsandmarkets.com

[153 Pages Report] The infrared imaging market was valued at USD 4.81 Billion in 2017 and is estimated to reach USD 7.30 Billion by 2023, at a CAGR of 7.18% during the forecast period. The base year considered for this study is 2017, and the forecast period considered is between 2018 and 2023.

The objectives of the study are as follows:

  • To define, describe, and forecast the infrared imaging market, in terms of value, segmented on the basis of technologies, wavelengths, applications, verticals, and regions
  • To forecast the size of the infrared imaging market for various segments with respect to 4 main regions North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To describe the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the infrared imaging market and its submarkets
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall infrared imaging market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the infrared imaging market
  • To identify the key players operating in the infrared imaging market and comprehensively analyze their market ranking and core competencies
  • To analyze strategic developments such as product launches, partnerships, expansions, and contracts in the infrared imaging market

The research methodology used to estimate and forecast the infrared imaging market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research study include various journals and databases, such as IEEE journals, infrared imaging technology journals, Factiva, Hoovers, and OneSource. Moreover, the vendor offerings have been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the infrared imaging market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with officials such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure.

Infrared Imaging Market

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

The infrared imaging ecosystem comprises infrared imaging product and component vendors. FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Axis Communications (Sweden), Xenics (Belgium), and Sofradir (France) are some of the vendors that sell these products and solutions to end users as per their requirements. End users include players from industrial and nonindustrial verticals.

Target Audience

  • Infrared imaging product manufacturers
  • Infrared imaging product traders/suppliers
  • Raw material suppliers and distributors
  • Research organizations and consulting companies
  • Associations, organizations, forums, and alliances related to infrared technology
  • Government bodies such as regulatory authorities and policy-makers
  • Venture capitalists, private equity firms, and start-up companies

“The study answers several questions for the target audience, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Report Scope

In this report, the infrared imaging market has been segmented into the following categories:

Infrared Imaging Market, by Technology

  • Cooled Infrared Imaging
  • Uncooled Infrared Imaging

Infrared Imaging Market, by Wavelength

  • Near Infrared
  • Shortwave Infrared
  • Mid-wave Infrared
  • Long-wave Infrared

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 the Middle East and Africa)

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The infrared imaging market is expected to be valued at USD 5.16 Billion in 2018 and is likely to reach USD 7.30 Billion by 2023, at a CAGR of 7.18% during the forecast period. Growing demand for infrared imaging cameras in the security and surveillance application is one of the major factors driving the growth of this market. Moreover, increasing demand for infrared imaging cameras from APAC and rise in the penetration of SWIR cameras are expected to considerably boost the infrared imaging market in the coming years.

The report segments the infrared imaging market by technology, wavelength, application, vertical, and geography. This market is expected to be led by the long-wave infrared (LWIR) segment during the forecast period. High demand for LWIR products from the military and defense vertical is one of the major factors leading to the dominant position of the LWIR segment in the infrared imaging market. LWIR cameras have also significantly penetrated into various industries, such as aerospace, automotive, food & beverages, civil infrastructure, and medical, for multiple applications.

The market for the monitoring and inspection application is expected to witness significant growth during the forecast period. Rising demand for infrared imaging cameras for predictive maintenance is one of the major factors accelerating the growth of the infrared imaging market for the monitoring and inspection application.

The nonindustrial vertical accounted for a larger share of the overall infrared imaging market. The high adoption of infrared imaging products, especially for the security and surveillance application, has led to the dominance of this vertical in this market.

North America held the largest share of the market in 2017, and the market in this region is expected to witness significant growth during the forecast period. The high adoption of infrared imaging cameras in the US has led to the dominant position of North America in the infrared imaging market.

Infrared Imaging Market

The high cost of infrared imaging cameras, especially shortwave infrared cameras, is currently the major restraining factor for the growth of the infrared imaging market. Some of the major companies operating in this market are FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Xenics (Belgium), Opgal Optronic Industries (Israel), Axis Communications (Sweden), New Imaging Technologies (France), Allied Vision Technologies (Germany), and Sofradir (France).

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Table of Contents

1 Introduction (Page No. - 14)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           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
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions for Research Study

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Growth Opportunities in Infrared Imaging Market
    4.2 Infrared Imaging Market, By Wavelength
    4.3 Infrared Imaging Market, By Country and Application
    4.4 Infrared Imaging Market, By Technology
    4.5 Infrared Imaging Market, By Country (2023)

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Adoption in Security and Surveillance Application
                    5.2.1.2 Increasing Adoption of Infrared Cameras in Quality Control and Inspection Application
                    5.2.1.3 High Popularity of Uncooled Infrared Cameras
           5.2.2 Restraints
                    5.2.2.1 Stringent Import and Export Regulations
           5.2.3 Opportunities
                    5.2.3.1 Growth Opportunities in APAC Emerging 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
                    5.2.4.1 High Cost of Infrared Cameras
                    5.2.4.2 Designing Highly Accurate Cameras
    5.3 Value Chain Analysis

6 Infrared Imaging Market, By Technology (Page No. - 43)
    6.1 Introduction
    6.2 Cooled Infrared Imaging
    6.3 Uncooled Infrared Imaging

7 Infrared Imaging Market, By Wavelength (Page No. - 48)
    7.1 Introduction
    7.2 Near Infrared (NIR)
    7.3 Shortwave Infrared (SWIR)
    7.4 Mid-Wave Infrared (MWIR)
    7.5 Long-Wave Infrared (LWIR)

8 Infrared Imaging Market, By Application (Page No. - 59)
    8.1 Introduction
    8.2 Security and Surveillance
    8.3 Monitoring and Inspection
           8.3.1 Condition Monitoring
           8.3.2 Structural Health Monitoring
           8.3.3 Quality Control
    8.4 Detection
           8.4.1 Gas Detection
           8.4.2 Fire/Flare Detection
           8.4.3 Body Temperature Measurement

9 Infrared Imaging Market, By Vertical (Page No. - 69)
    9.1 Introduction
    9.2 Industrial
           9.2.1 Automotive
           9.2.2 Aerospace
           9.2.3 Electronics & Semiconductor
           9.2.4 Oil & Gas
           9.2.5 Food & Beverages
           9.2.6 Glass
           9.2.7 Others
    9.3 Nonindustrial
           9.3.1 Military and Defense
           9.3.2 Civil Infrastructure
           9.3.3 Medical
           9.3.4 Scientific Research

10 Geographic Analysis (Page No. - 77)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of APAC
     10.5 Rest of the World
             10.5.1 South America
             10.5.2 Middle East and Africa

11 Competitive Landscape (Page No. - 99)
     11.1 Overview
     11.2 Market Ranking Analysis: Infrared Imaging Market
     11.3 Competitive Situations and Trends
             11.3.1 Product Launches
             11.3.2 Partnerships, Agreements, and Contracts
             11.3.3 Others

12 Company Profiles (Page No. - 103)
     12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             12.1.1 Flir Systems
             12.1.2 Fluke
             12.1.3 Sensors Unlimited
             12.1.4 Leonardo Drs
             12.1.5 Axis Communications
             12.1.6 Xenics
             12.1.7 Opgal Optronic Industries
             12.1.8 New Imaging Technologies
             12.1.9 Allied Vision Technologies
             12.1.10 Sofradir
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     12.2 Other Companies
             12.2.1 Cox
             12.2.2 C-Thermal
             12.2.3 Ircameras
             12.2.4 Princeton Infrared Technologies
             12.2.5 Dali Technology
             12.2.6 Tonbo Imaging
             12.2.7 L3 Technologies
             12.2.8 Raptor Photonics
             12.2.9 Episenors
             12.2.10 Princeton Instruments

13 Appendix (Page No. - 145)
     13.1 Insights of Industry Experts
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (64 Tables)

Table 1 Infrared Imaging Market, By Technology, 2015–2023 (USD Billion)
Table 2 Market for Cooled Infrared Imaging, By Application, 2015–2023 (USD Million)
Table 3 Market for Uncooled Infrared Imaging, By Application, 2015–2023 (USD Million)
Table 4 Infrared Imaging Market, By Wavelength, 2015–2023 (USD Million)
Table 5 Infrared Imaging Market for Near Infrared, By Application, 2015–2023 (USD Million)
Table 6 Infrared Imaging Market for Near Infrared, By Vertical, 2015–2023 (USD Million)
Table 7 Infrared Imaging Market for Near Infrared, By Region, 2015–2023 (USD Million)
Table 8 Infrared Imaging Market for Shortwave Infrared, By Application, 2015–2023 (USD Million)
Table 9 Infrared Imaging Market for Shortwave Infrared, By Vertical, 2015–2023 (USD Million)
Table 10 Infrared Imaging Market for Shortwave Infrared, By Region, 2015–2023 (USD Million)
Table 11 Infrared Imaging Market for Mid-Wave Infrared, By Application, 2015–2023 (USD Million)
Table 12 Infrared Imaging Market for Mid-Wave Infrared, By Vertical, 2015–2023 (USD Million)
Table 13 Infrared Imaging Market for Mid-Wave Infrared, By Region, 2015–2023 (USD Million)
Table 14 Infrared Imaging Market for Long-Wave Infrared, By Application, 2015–2023 (USD Million)
Table 15 Infrared Imaging Market for Long-Wave Infrared, By Vertical, 2015–2023 (USD Million)
Table 16 Infrared Imaging Market for Long-Wave Infrared, By Region, 2015–2023 (USD Million)
Table 17 Infrared Imaging Market, By Application, 2015–2023 (USD Million)
Table 18 Infrared Imaging Market for Security and Surveillance, By Technology, 2015–2023 (USD Million)
Table 19 Infrared Imaging Market for Security and Surveillance, By Vertical, 2015–2023 (USD Million)
Table 20 Infrared Imaging Market for Security and Surveillance, By Region, 2015–2023 (USD Million)
Table 21 Infrared Imaging Market for Monitoring and Inspection, By Technology, 2015–2023 (USD Million)
Table 22 Infrared Imaging Market for Monitoring and Inspection, By Vertical, 2015–2023 (USD Million)
Table 23 Infrared Imaging Market for Monitoring and Inspection, By Region, 2015–2023 (USD Million)
Table 24 Infrared Imaging Market for Detection, By Technology, 2015–2023 (USD Million)
Table 25 Infrared Imaging Market for Detection, By Vertical, 2015–2023 (USD Million)
Table 26 Infrared Imaging Market for Detection, By Region, 2015–2023 (USD Million)
Table 27 Infrared Imaging Market, By Vertical, 2015–2023 (USD Billion)
Table 28 Infrared Imaging Market for Industrial Vertical, By Region, 2015–2023 (USD Million)
Table 29 Infrared Imaging Market for Nonindustrial Vertical, By Region, 2015–2023 (USD Million)
Table 30 Infrared Imaging Market, By Region, 2015–2023 (USD Million)
Table 31 Infrared Imaging Market in North America, By Country, 2015–2023 (USD Million)
Table 32 Infrared Imaging Market in US, By Application, 2015–2023 (USD Million)
Table 33 Infrared Imaging Market in US, By Vertical, 2015–2023 (USD Million)
Table 34 Infrared Imaging Market in Canada, By Application, 2015–2023 (USD Million)
Table 35 Infrared Imaging Market in Canada, By Vertical, 2015–2023 (USD Million)
Table 36 Infrared Imaging Market in Mexico, By Application, 2015–2023 (USD Million)
Table 37 Infrared Imaging Market in Mexico, By Vertical, 2015–2023 (USD Million)
Table 38 Infrared Imaging Market in Europe, By Country, 2015–2023 (USD Million)
Table 39 Infrared Imaging Market in Germany, By Application, 2015–2023 (USD Million)
Table 40 Infrared Imaging Market in Germany, By Vertical, 2015–2023 (USD Million)
Table 41 Infrared Imaging Market in UK, By Application, 2015–2023 (USD Million)
Table 42 Infrared Imaging Market in UK, By Vertical, 2015–2023 (USD Million)
Table 43 Infrared Imaging Market in France, By Application, 2015–2023 (USD Million)
Table 44 Infrared Imaging Market in France, By Vertical, 2015–2023 (USD Million)
Table 45 Infrared Imaging Market in Rest of Europe, By Application, 2015–2023 (USD Million)
Table 46 Infrared Imaging Market in Rest of Europe, By Vertical, 2015–2023 (USD Million)
Table 47 Infrared Imaging Market in APAC, By Country, 2015–2023 (USD Million)
Table 48 Infrared Imaging Market in China, By Application, 2015–2023 (USD Million)
Table 49 Infrared Imaging Market in China, By Vertical, 2015–2023 (USD Million)
Table 50 Infrared Imaging Market in Japan, By Application, 2015–2023 (USD Million)
Table 51 Infrared Imaging Market in Japan, By Vertical, 2015–2023 (USD Million)
Table 52 Infrared Imaging Market in India, By Application, 2015–2023 (USD Million)
Table 53 Infrared Imaging Market in India, By Vertical, 2015–2023 (USD Million)
Table 54 Infrared Imaging Market in Rest of APAC, By Application, 2015–2023 (USD Million)
Table 55 Infrared Imaging Market in Rest of APAC, By Vertical, 2015–2023 (USD Million)
Table 56 Infrared Imaging Market in RoW, By Region, 2015–2023 (USD Million)
Table 57 Infrared Imaging Market in South America, By Application, 2015–2023 (USD Million)
Table 58 Infrared Imaging Market in South America, By Vertical, 2015–2023 (USD Million)
Table 59 Infrared Imaging Market in Middle East and Africa, By Application, 2015–2023 (USD Million)
Table 60 Infrared Imaging Market in Middle East and Africa, By Vertical, 2015–2023 (USD Million)
Table 61 Ranking of Key Players in Infrared Imaging Market (2017)
Table 62 Product Launches (2017–2018)
Table 63 Partnerships, Agreements, and Contracts (2016–2017)
Table 64 Acquisitions, Collaborations, and Expansions (2016–2017)


List of Figures (38 Figures)

Figure 1 Infrared Imaging Market Segmentation
Figure 2 Process Flow: Infrared Imaging Market Size Estimation
Figure 3 Infrared Imaging Market: Research Design
Figure 4 Infrared Imaging Market: Bottom-Up Approach
Figure 5 Infrared Imaging Market: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Infrared Imaging Market Size (2015–2023)
Figure 8 Infrared Imaging Market, By Technology (2018 vs 2023): Uncooled Infrared Imaging to Hold Larger Market Size in 2018 and 2023
Figure 9 Long-Wave Infrared Segment to Hold Largest Size of Infrared Imaging Market By 2023
Figure 10 Security and Surveillance to Hold Largest Size of Infrared Imaging Market By 2023
Figure 11 Infrared Imaging Market for Nonindustrial Vertical to Grow at Higher CAGR During Forecast Period
Figure 12 North America Accounted for Largest Share of Infrared Imaging Market in 2017
Figure 13 Increasing Adoption of Infrared Imaging Cameras in Monitoring and Inspection Application Driving Infrared Imaging Market
Figure 14 Infrared Imaging Market for Shortwave Infrared to Grow at Highest CAGR During Forecast Period
Figure 15 US to Hold Largest Share of North American Infrared Imaging Market By 2023
Figure 16 Market for Uncooled Infrared Imaging to Grow at Higher CAGR Between 2018 and 2023
Figure 17 US to Hold Largest Share of Infrared Imaging Market in 2018 to 2023
Figure 18 Use of Infrared Cameras in Security and Surveillance, and Quality Control and Inspection Applications Drives Infrared Imaging Market
Figure 19 Military Expenditure in North America (2015 vs 2016)
Figure 20 Value Chain Analysis: Major Value Addition During Component & Product Manufacturing Stage
Figure 21 Infrared Imaging Market, By Technology
Figure 22 Security and Surveillance Application to Hold Largest Size of Uncooled Infrared Imaging Market By 2023
Figure 23 Infrared Imaging Market, By Wavelength
Figure 24 Infrared Imaging Market for Shortwave Infrared to Grow at Highest CAGR Between 2018 and 2023
Figure 25 Security and Surveillance Application to Hold Largest Size of Mid-Wave Infrared Imaging Market By 2023
Figure 26 Infrared Imaging Market, By Application
Figure 27 Infrared Imaging Market for Monitoring and Inspection to Grow at Highest CAGR During Forecast Period
Figure 28 Industrial Vertical to Hold Larger Size of Infrared Imaging Market for Detection By 2023
Figure 29 Infrared Imaging Market, By Vertical
Figure 30 Industrial Vertical to Hold Larger Size of Infrared Imaging Market By 2023
Figure 31 Infrared Imaging Market for Nonindustrial Vertical in APAC to Grow at Highest CAGR During Forecast Period
Figure 32 Geographic Snapshot (2018–2023): Infrared Imaging Market Expected to Witness Significant Growth in APAC Countries Such as China and Japan During Forecast Period
Figure 33 North America: Infrared Imaging Market Snapshot
Figure 34 Europe: Infrared Imaging Market Snapshot
Figure 35 Asia Pacific: Infrared Imaging Market Snapshot
Figure 36 Flir Systems: Company Snapshot
Figure 37 Leonardo DRS: Company Snapshot
Figure 38 Axis Communications: Company Snapshot


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