Infrared Imaging Market

Infrared Imaging Market Size, Share & Industry Growth Analysis Report by Technology (Cooled & Uncooled Infrared Imaging), Wavelength (Near, Shortwave, Mid-wave, & Long-wave Infrared), Application (Security & Surveillance, Monitoring & Inspection, Detection), Vertical - Global Forecast to 2028

Report Code: SE 3270 Jul, 2023, by marketsandmarkets.com

[218 Pages Report] The global infrared imaging market (IR camera market) size is estimated to be worth USD 6.7 billion in 2023 and is projected to reach USD 9.6 billion by 2028, at a CAGR of 7.3% during the forecast period. Increased adoption of infrared imaging products in security & surveillance application is one of the major drivers that fuels IR camera market growth.

Infrared Imaging Market

Infrared Imaging Market Statistics

Infrared Imaging Market Statistics Forecast to 2028

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Global Infrared Imaging Market Dynamics

Driver: Increasing use of infrared (IR) cameras in quality control and inspection application

The increasing use of infrared cameras in quality control and inspection applications has emerged as a significant trend in various industries. These highly advanced cameras enable businesses to enhance their quality control processes by providing non-destructive and non-contact testing capabilities. By capturing and analyzing thermal patterns, infrared cameras can identify anomalies, defects, or variations in temperature that may indicate potential issues with products or equipment. This technology allows for real-time monitoring, precise measurement, and efficient analysis, resulting in improved product quality, reduced waste, and enhanced overall operational efficiency.

Restraint: Limitations associated with image resolution and sensitivity of infrared (IR) cameras

The limited resolution and sensitivity lead to restrict the adoption of infrared imaging in certain high-precision applications and industries that demand exceptional image quality and detail. This leads to reliance on alternative imaging technologies or the need for supplementary methods to achieve the desired level of accuracy.

Opportunity: Emerging infrared imaging applications in automotive sector

Emerging infrared imaging applications in the automotive sector are driving innovation and transforming the driving experience. Infrared imaging technology offers advanced capabilities that enhance vehicle safety, convenience, and efficiency. One notable application is in driver monitoring systems, where infrared cameras can detect driver drowsiness or distraction by monitoring eye movements and alerting the driver in real time.

Challenge: High cost of infrared cameras to challenge adoption

The higher cost of a 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 building inspection are usually less expensive than those used in research and development applications.

Infrared Imaging Market Ecosystem

The infrared imaging market is marked by the presence of a few tier-1 companies, such as Teledyne FLIR LLC (US), Fluke Corporation (US), Raytheon Technologies Corporation (US), Leonardo DRS (US), Axis Communications AB (Sweden), and many more. These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable infrared imaging offerings.

Infrared Imaging Market by Ecosystem

The market for uncooled infrared imaging by technology to hold largest market share during the forecast period

the expanding applications of uncooled infrared imaging in areas like automotive, security, and agriculture have fueled its growth. Also, the ease of use and the ability to capture thermal data in real-time without the need for cooling systems have made uncooled infrared imaging a preferred choice for many users.

Long-wave infrared by wavelength held the largest market share in 2023

LWIR cameras provide an extended wavelength range, enabling superior detection of small temperature differentials and enhancing image quality. This characteristic makes them highly suitable for critical applications like predictive maintenance, where identifying subtle temperature variations is essential. Moreover, LWIR cameras have experienced significant advancements in detector technology, resulting in heightened sensitivity and improved resolution.

Monitoring & Inspection by application to witness highest CAGR during forecast period

Infrared imaging facilitates non-destructive monitoring and inspection across industries by capturing thermal signatures. It assists in preventive maintenance, quality control, energy audits, building inspections, healthcare diagnostics, and agriculture, enabling the detection of anomalies, process optimization, and efficiency improvement.

Imfrared Imaging Market Share

Asia Pacific held to register highest CAGR in the infrared imaging industry during forecast period

The Asia Pacific region is one of the key markets for infrared imaging market. The increasing adoption of thermal imaging technology across various sectors has driven the demand for infrared cameras and related products. Several companies in the region are actively involved in the development, production, and distribution of infrared imaging solutions. The technology continues to advance, and its applications are expanding to new areas, promoting safety, efficiency, and innovation in the region.

Infrared Imaging Market Statistics by Region

Infrared Imaging Market Statistics by Region

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Top Imfrared Imaging Companies - Key Market Players

The overall infrared imaging market is dominated by Teledyne FLIR LLC (US), Leonardo DRS (US), Axis Communications AB (Sweden), Zhejiang Dali Technology Co.,Ltd. (China), OPGAL Optronics Industries Ltd (Israel) L3Harris Technologies (US), Inc, Fluke Corporation (US), Raytheon Technologies Corporation (US), Xenics nv (Belgium), and Allied Vision Technologies GmbH (Germany). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.

Infrared Imaging Market Report Scope

Report Metric

Details

Estimated Market Size  USD 6.7 billion in 2023
Projected Market Size USD 9.6 billion by 2028
Infrared Imaging Market Growth Rate CAGR of 7.3%

Infrared Imaging Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion)

Segments covered

By Technology, By Wavelength, By Application, By Vertical and Region

Geographies covered

North America, Europe, Asia Pacific, and Rest of World

Companies covered

The major players in the infrared imaging market are Teledyne FLIR LLC (US), Fluke Corporation (US), Raytheon Technologies Corporation (US), Leonardo DRS (US), Axis Communications AB (Sweden), L3Harris Technologies (US), Inc, Xenics nv (Belgium), Zhejiang Dali Technology Co.,Ltd. (China), OPGAL Optronics Industries Ltd (Israel) and Allied Vision Technologies GmbH (Germany).

Infrared Imaging Market Highlights

The study segments the infrared Imaging industry based on By Methodology, Device Type, Gas Analyzer Type, Industry and Region

Segment

Subsegment

By Technology

  • Cooled
  • Uncooled

By Wavelength

  • Near Infrared
  • Short-wave Infrared (SWIR)
  • Mid-wave Infrared (MWIR)
  • Long-wave Infrared (LWIR)

By Application

  • Security & Surveillance
  • Monitoring & Inspection
  • Detection

By Vertical

  • Industrial
  • Nonindustrial

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments in Infrared Imaging Industry

  • In February 2023, Xenics nv (Belgium) launched Lynx R and XSL R series, expanding its linear SWIR camera portfolio. Linear SWIR cameras are available for demanding applications such as food sorting, machine vision, spectroscopy, optical fiber monitoring, semiconductor inspection, LIDAR sensing and spectral-domain optical coherence tomography.
  • In April 2023, Raytheon Technologies (US) announced the launch of RAIVEN, an innovative tool that boosts the situational awareness capabilities of military & security personnel. Its primary purpose is to deliver real-time video streaming and advanced analytics in demanding environments, empowering users with enhanced insights and information..
  • In June 2022, Teledyne FLIR LLC (US) and United States Coast Guard (USCG) signed a contract that to provide Maritime Forward Looking Infrared (MARFLIR) II sensors and SeaFLIR 280-HD surveillance systems. This contract strengthens Teledyne FLIR Defense's position as a trusted provider of cutting-edge imaging solutions for defense applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES 
    1.2 DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 INFRARED IMAGING MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 LIMITATIONS 
    1.6 SUMMARY OF CHANGES 
    1.7 STAKEHOLDERS 
           1.7.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA 
           FIGURE 2 INFRARED IMAGING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Breakdown of primaries
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 3 PROCESS FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size using bottom-up approach (demand side)
                               FIGURE 4 INFRARED IMAGING MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 INFRARED IMAGING MARKET: TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE)—REVENUE GENERATED FROM SALE OF INFRARED IMAGING PRODUCTS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 ASSUMPTIONS FOR RESEARCH STUDY 
    2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS 
           TABLE 1 RESEARCH ASSUMPTIONS
           2.5.1 RESEARCH LIMITATIONS
    2.6 RISK ASSESSMENT 
    2.7 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON INFRARED IMAGING MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 8 UNCOOLED INFRARED IMAGING SEGMENT TO HOLD MAJORITY OF MARKET SHARE IN 2023 AND 2028
    FIGURE 9 LONG-WAVE INFRARED SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023
    FIGURE 10 SECURITY & SURVEILLANCE SEGMENT TO COMMAND INFRARED IMAGING MARKET IN 2023
    FIGURE 11 NON-INDUSTRIAL SEGMENT TO HOLD LARGER SHARE OF INFRARED IMAGING MARKET IN 2028
    FIGURE 12 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR INFRARED IMAGING DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN INFRARED IMAGING MARKET 
           FIGURE 13 INCREASING ADOPTION OF INFRARED IMAGING TECHNOLOGY IN ASIA PACIFIC TO DRIVE MARKET GROWTH
    4.2 INFRARED IMAGING MARKET, BY APPLICATION 
           FIGURE 14 MONITORING & INSPECTION TO REGISTER HIGHEST CAGR IN INFRARED IMAGING MARKET, BY APPLICATION, DURING FORECAST PERIOD
    4.3 INFRARED IMAGING MARKET, BY WAVELENGTH 
           FIGURE 15 NEAR INFRARED SEGMENT DOMINATED INFRARED IMAGING MARKET IN 2022
    4.4 INFRARED IMAGING MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION 
           FIGURE 16 US AND SECURITY & SURVEILLANCE APPLICATIONS TO HOLD LARGEST SHARE OF NORTH AMERICAN MARKET IN 2028
    4.5 INFRARED IMAGING MARKET, BY VERTICAL 
           FIGURE 17 NON-INDUSTRIAL SEGMENT TO RECORD HIGHER CAGR FROM 2023 TO 2028
    4.6 INFRARED IMAGING MARKET, BY COUNTRY 
           FIGURE 18 CHINA TO REGISTER HIGHEST CAGR IN INFRARED IMAGING MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: INFRARED IMAGING MARKET
           5.2.1 DRIVERS
                    FIGURE 20 ANALYSIS OF IMPACT OF DRIVERS ON INFRARED IMAGING MARKET
                    5.2.1.1 Increasing use of infrared imaging products in security & surveillance applications
                               FIGURE 21 MILITARY EXPENDITURE IN US, 2021 VS. 2022 (USD BILLION)
                    5.2.1.2 Rising adoption of infrared cameras in quality control and inspection applications
                    5.2.1.3 Growing popularity of uncooled infrared cameras
                    5.2.1.4 Boosting demand for SWIR cameras in machine vision applications
           5.2.2 RESTRAINTS
                    FIGURE 22 ANALYSIS OF IMPACT OF RESTRAINTS ON INFRARED IMAGING MARKET
                    5.2.2.1 Stringent import and export regulations for selling infrared cameras in US
                    5.2.2.2 Limitations associated with image resolution and sensitivity of infrared cameras
           5.2.3 OPPORTUNITIES
                    FIGURE 23 ANALYSIS OF IMPACT OF OPPORTUNITIES ON INFRARED IMAGING MARKET
                    5.2.3.1 Emerging applications of IR imaging technology in automotive sector
                    5.2.3.2 Newer application areas of SWIR cameras
                    5.2.3.3 Integration of infrared imaging technology into consumer electronics
           5.2.4 CHALLENGES
                    FIGURE 24 ANALYSIS OF IMPACT OF CHALLENGES ON INFRARED IMAGING MARKET
                    5.2.4.1 High cost associated with infrared cameras
                    5.2.4.2 Designing highly accurate IR imaging products
                    5.2.4.3 Integration and compatibility challenges pertaining to infrared imaging technology
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 25 VALUE CHAIN ANALYSIS: INFRARED IMAGING MARKET
    5.4 INFRARED IMAGING ECOSYSTEM 
           FIGURE 26 INFRARED IMAGING ECOSYSTEM
    5.5 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN INFRARED IMAGING MARKET 
           FIGURE 27 REVENUE SHIFT IN INFRARED IMAGING MARKET
    5.6 PRICING ANALYSIS 
           TABLE 2 AVERAGE SELLING PRICE OF INFRARED CAMERAS OFFRED BY TOP COMPANIES (USD)
           5.6.1 AVERAGE SELLING PRICE OF INFRARED IMAGING PRODUCTS OFFERED BY KEY PLAYERS
                    FIGURE 28 AVERAGE SELLING PRICE OF LWIR CAMERA, BY KEY PLAYER
    5.7 TECHNOLOGY TRENDS 
           5.7.1 USE OF IR IMAGING TECHNOLOGY TO ANALYZE ORGANIC COMPOST
           5.7.2 IMPLEMENTATION OF VIBRATIONAL SPECTROSCOPIC TECHNIQUES TO ANALYZE TEA QUALITY AND SAFETY
           5.7.3 ADOPTION OF THERMAL CAMERAS IN SECURITY AND INSPECTION APPLICATIONS
           5.7.4 TRANSFORMATION IN INFRARED IMAGING TECHNOLOGY WITH CLOUD INTEGRATION
           5.7.5 ADVANCEMENTS IN AI-BASED INFRARED IMAGING
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 3 IMPACT OF FORCES ON INFRARED IMAGING MARKET
           FIGURE 29 PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS IN BUYING PROCESS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR APPLICATIONS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 31 KEY BUYING CRITERIA FOR APPLICATIONS
                    TABLE 5 KEY BUYING CRITERIA FOR APPLICATIONS
    5.10 CASE STUDY ANALYSIS 
           5.10.1 ROCKWOOL GROUP USED TELEDYNE FLIR’S THERMAL IMAGING TECHNOLOGY TO EVALUATE INSULATION EFFECTIVENESS AND PROVIDE COMPREHENSIVE BUILDING ANALYSIS
           5.10.2 VICENZA COURT RESOLVED CONSTRUCTION DISPUTE BY HIRING SERVICES OF THERMAL IMAGING EXPERTS FROM MULTITES SRL
           5.10.3 HIGHLAND HELICOPTERS DEPLOYED THERMAL CAMERAS FROM INFRATEC TO COMBAT WILDFIRES
    5.11 TRADE ANALYSIS 
           5.11.1 IMPORT SCENARIO OF MAGNETIC OR OPTICAL READERS
                    TABLE 6 IMPORT DATA OF PRODUCTS COVERED UNDER HS CODE 847190, BY COUNTRY, 2018–2022 (USD MILLION)
           5.11.2 EXPORT SCENARIO OF MAGNETIC OR OPTICAL READERS
                    TABLE 7 EXPORT DATA OF PRODUCTS COVERED UNDER HS CODE 902750, BY COUNTRY, 2018–2022 (USD MILLION)
    5.12 PATENT ANALYSIS 
           TABLE 8 PATENTS PERTAINING TO INFRARED IMAGING MARKET, 2020–2022
    5.13 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 9 INFRARED IMAGING MARKET: LIST OF CONFERENCES AND EVENTS
    5.14 TARIFF ANALYSIS 
           TABLE 10 MFN TARIFF FOR HS CODE 902750-COMPLIANT PRODUCTS EXPORTED BY US
           TABLE 11 MFN TARIFF FOR HS CODE 902750-COMPLIANT PRODUCTS EXPORTED BY CHINA
           TABLE 12 MFN TARIFF FOR HS CODE 902750-COMPLIANT PRODUCTS EXPORTED BY INDIA
    5.15 STANDARDS AND REGULATORY LANDSCAPE 
           5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.15.2 GOVERNMENT REGULATIONS
           5.15.3 REGULATORY LANDSCAPE
           5.15.4 GOVERNMENT REGULATIONS
                    5.15.4.1 US
                    5.15.4.2 Europe
                    5.15.4.3 India
 
6 INFRARED IMAGING DEVICES (Page No. - 85)
    6.1 INTRODUCTION 
    6.2 PORTABLE 
           6.2.1 USE OF PORTABLE CAMERAS FOR CONVENIENCE AND EFFORTLESS IMAGING
           6.2.2 AERIAL
                    6.2.2.1 Deployment of aerial cameras for thermographic view and improved visibility of objects to be monitored or inspected
           6.2.3 HANDHELD
                    6.2.3.1 Implementation of handheld cameras in buildings to inspect heat loss and detect insulation issues
    6.3 FIXED 
           6.3.1 ADOPTION OF FIXED CAMERAS TO ENSURE CONSISTENT AND RELIABLE IMAGING OUTPUT
 
7 INFRARED IMAGING MARKET, BY TECHNOLOGY (Page No. - 87)
    7.1 INTRODUCTION 
           FIGURE 32 INFRARED IMAGING MARKET, BY TECHNOLOGY
           FIGURE 33 UNCOOLED INFRARED IMAGING TECHNOLOGY TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
           TABLE 17 INFRARED IMAGING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 18 INFRARED IMAGING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    7.2 COOLED INFRARED IMAGING 
           7.2.1 LIMITED APPLICATIONS DUE TO HIGH COST AND LONG STARTUP TIME
                    TABLE 19 COOLED INFRARED IMAGING: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 20 COOLED INFRARED IMAGING: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    7.3 UNCOOLED INFRARED IMAGING 
           7.3.1 INCREASED USE IN HIGH-VOLUME APPLICATIONS OWING TO LOW COST AND EASY INSTALLATION
                    TABLE 21 UNCOOLED INFRARED IMAGING: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 22 UNCOOLED INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
 
8 INFRARED IMAGING MARKET, BY WAVELENGTH (Page No. - 92)
    8.1 INTRODUCTION 
           FIGURE 34 INFRARED IMAGING MARKET, BY WAVELENGTH
           FIGURE 35 SHORT-WAVE INFRARED SEGMENT TO WITNESS HIGHEST CAGR IN INFRARED IMAGING MARKET DURING FORECAST PERIOD
           TABLE 23 INFRARED IMAGING MARKET, BY WAVELENGTH, 2019–2022 (USD MILLION)
           TABLE 24 INFRARED IMAGING MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
    8.2 NEAR INFRARED (NIR) 
           8.2.1 HIGH ADOPTION OF NIR CCTV CAMERAS FOR SECURITY & SURVEILLANCE TO DRIVE MARKET
                    TABLE 25 NEAR INFRARED: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 26 NEAR INFRARED: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 27 NEAR INFRARED: INFRARED IMAGING MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 28 NEAR INFRARED: INFRARED IMAGING MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.3 SHORT-WAVE INFRARED (SWIR) 
           8.3.1 INCREASED USE OF SWIR IMAGING TECHNOLOGY IN NON-DESTRUCTIVE TESTING TO DRIVE MARKET
                    TABLE 29 SHORT-WAVE INFRARED: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 30 SHORT-WAVE INFRARED: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 31 SHORT-WAVE INFRARED: INFRARED IMAGING MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 32 SHORT-WAVE INFRARED: INFRARED IMAGING MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.4 MID-WAVE INFRARED (MWIR) 
           8.4.1 RAPID TECHNOLOGICAL ADVANCEMENTS IN MWIR TO BOOST SEGMENTAL GROWTH
                    FIGURE 36 SECURITY & SURVEILLANCE APPLICATIONS TO ACCOUNT FOR LARGEST SHARE OF MID-WAVE INFRARED IMAGING MARKET IN 2028
                    TABLE 33 MID-WAVE INFRARED: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 34 MID-WAVE INFRARED: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 35 MID-WAVE INFRARED: INFRARED IMAGING MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 36 MID-WAVE INFRARED: INFRARED IMAGING MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.5 LONG-WAVE INFRARED (LWIR) 
           8.5.1 SIGNIFICANT USE OF LWIR CAMERAS IN WEARABLES, DRONES, AND HANDHELD DEVICES TO FUEL SEGMENTAL GROWTH
                    TABLE 37 LONG-WAVE INFRARED: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 38 LONG-WAVE INFRARED: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 39 LONG-WAVE INFRARED: INFRARED IMAGING MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 40 LONG-WAVE INFRARED: INFRARED IMAGING MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
 
9 INFRARED IMAGING MARKET, BY APPLICATION (Page No. - 102)
    9.1 INTRODUCTION 
           FIGURE 37 INFRARED IMAGING MARKET, BY APPLICATION
           FIGURE 38 MONITORING & INSPECTION SEGMENT TO WITNESS HIGHEST CAGR IN INFRARED IMAGING MARKET, BY APPLICATION, DURING FORECAST PERIOD
           TABLE 41 INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 42 INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.2 SECURITY & SURVEILLANCE 
           9.2.1 SURGING DEMAND FOR INFRARED IMAGING CAMERAS DUE TO INCREASED TERRORISM TO DRIVE MARKET
                    TABLE 43 SECURITY & SURVEILLANCE: INFRARED IMAGING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 44 SECURITY & SURVEILLANCE: INFRARED IMAGING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 45 SECURITY & SURVEILLANCE: INFRARED IMAGING MARKET, BY WAVELENGTH, 2019–2022 (USD MILLION)
                    TABLE 46 SECURITY & SURVEILLANCE: INFRARED IMAGING MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
                    TABLE 47 SECURITY & SURVEILLANCE: INFRARED IMAGING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 48 SECURITY & SURVEILLANCE: INFRARED IMAGING MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 MONITORING & INSPECTION 
           TABLE 49 MONITORING & INSPECTION: INFRARED IMAGING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 50 MONITORING & INSPECTION: INFRARED IMAGING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           TABLE 51 MONITORING & INSPECTION: INFRARED IMAGING MARKET, BY WAVELENGTH, 2019–2022 (USD MILLION)
           TABLE 52 MONITORING & INSPECTION: INFRARED IMAGING MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
           TABLE 53 MONITORING & INSPECTION: INFRARED IMAGING MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 54 MONITORING & INSPECTION: INFRARED IMAGING MARKET, BY REGION, 2023–2028 (USD MILLION)
           9.3.1 CONDITION MONITORING
                    9.3.1.1 Increased use of IR cameras to detect faults in electrical and mechanical equipment to drive segmental growth
           9.3.2 STRUCTURAL HEALTH MONITORING
                    9.3.2.1 High adoption of early warning systems to monitor potentially risky structures to drive market
           9.3.3 QUALITY CONTROL
                    9.3.3.1 Significant demand for high-quality and high-performance products to promote use of infrared imaging cameras
    9.4 DETECTION 
           TABLE 55 DETECTION: INFRARED IMAGING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 56 DETECTION: INFRARED IMAGING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           TABLE 57 DETECTION: INFRARED IMAGING MARKET, BY WAVELENGTH, 2019–2022 (USD MILLION)
           TABLE 58 DETECTION: INFRARED IMAGING MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
           TABLE 59 DETECTION: INFRARED IMAGING MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 60 DETECTION: INFRARED IMAGING MARKET, BY REGION, 2023–2028 (USD MILLION)
           9.4.1 GAS DETECTION
                    9.4.1.1 Use of infrared imaging cameras to monitor gas leaks and emissions in real time to fuel market growth
           9.4.2 FIRE/FLARE DETECTION
                    9.4.2.1 Rising adoption of infrared imaging cameras to detect smoke and temperature differences during firefighting to drive market
           9.4.3 BODY TEMPERATURE MEASUREMENT
                    9.4.3.1 Growing use of IR-enabled body temperature detectors owing to increased international travel and migration to boost segmental growth
 
10 INFRARED IMAGING MARKET, BY VERTICAL (Page No. - 114)
     10.1 INTRODUCTION 
             FIGURE 39 INFRARED IMAGING MARKET, BY VERTICAL
             FIGURE 40 NON-INDUSTRIAL SEGMENT TO COMMAND INFRARED IMAGING MARKET DURING FORECAST PERIOD
             TABLE 61 INFRARED IMAGING MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
             TABLE 62 INFRARED IMAGING MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
     10.2 INDUSTRIAL 
             TABLE 63 INDUSTRIAL: INFRARED IMAGING MARKET, BY WAVELENGTH, 2019–2022 (USD MILLION)
             TABLE 64 INDUSTRIAL: INFRARED IMAGING MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
             10.2.1 AUTOMOTIVE
                        10.2.1.1 Integration of infrared imaging technology into ADAS to drive market
             10.2.2 AEROSPACE
                        10.2.2.1 Utilization of advanced vision systems in aerospace industry to boost demand for IR imaging technology
             10.2.3 ELECTRONICS & SEMICONDUCTOR
                        10.2.3.1 Growing use of SWIR cameras to inspect semiconductor materials to fuel market growth
             10.2.4 OIL & GAS
                        10.2.4.1 Growing focus of oil & gas companies on predictive maintenance to boost demand for IR imaging products
             10.2.5 FOOD & BEVERAGES
                        10.2.5.1 Increasing adoption of hyperspectral imaging to identify potential food safety risks to boost demand for IR products
             10.2.6 GLASS
                        10.2.6.1 High adoption of SWIR cameras by glass manufacturers to minimize scrap to drive market
             10.2.7 OTHERS
     10.3 NON-INDUSTRIAL 
             TABLE 65 NON-INDUSTRIAL: INFRARED IMAGING MARKET, BY WAVELENGTH, 2019–2022 (USD MILLION)
             TABLE 66 NON-INDUSTRIAL: INFRARED IMAGING MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
             10.3.1 MILITARY & DEFENSE
                        10.3.1.1 Rising demand for vision enhancement technology in battlefield environments to contribute to market growth
             10.3.2 CIVIL INFRASTRUCTURE
                        10.3.2.1 Deployment of infrared imaging cameras in residential and commercial buildings and transportation infrastructure to drive market
             10.3.3 MEDICAL
                        10.3.3.1 Adoption of infrared imaging cameras in newer medical applications to fuel market growth
             10.3.4 SCIENTIFIC RESEARCH
                        10.3.4.1 Emerging applications of spectroscopy in scientific research to support market growth
 
11 GEOGRAPHIC ANALYSIS (Page No. - 123)
     11.1 INTRODUCTION 
             FIGURE 41 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN INFRARED IMAGING MARKET DURING FORECAST PERIOD
             TABLE 67 INFRARED IMAGING MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 68 INFRARED IMAGING MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 NORTH AMERICA 
             FIGURE 42 NORTH AMERICA: INFRARED IMAGING MARKET SNAPSHOT
             TABLE 69 NORTH AMERICA: INFRARED IMAGING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 70 NORTH AMERICA: INFRARED IMAGING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 71 NORTH AMERICA: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 72 NORTH AMERICA: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.2.1 US
                        11.2.1.1 Increased utilization of infrared imaging in civil infrastructure projects to fuel market growth
                                     TABLE 73 US: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 74 US: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.2.2 CANADA
                        11.2.2.1 Increasing use of infrared imaging cameras in security & surveillance to support market growth
                                     TABLE 75 CANADA: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 76 CANADA: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.2.3 MEXICO
                        11.2.3.1 Enhanced focus on adopting security measures to boost demand for infrared imaging technology
                                     TABLE 77 MEXICO: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 78 MEXICO: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.2.4 NORTH AMERICA: RECESSION IMPACT
     11.3 EUROPE 
             FIGURE 43 EUROPE: INFRARED IMAGING MARKET SNAPSHOT
             TABLE 79 EUROPE: INFRARED IMAGING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 80 EUROPE: INFRARED IMAGING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 81 EUROPE: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 82 EUROPE: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Booming automotive sector to accelerate infrared imaging technology demand
                                     TABLE 83 GERMANY: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 84 GERMANY: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.2 UK
                        11.3.2.1 Medical and pharmaceutical companies to contribute most to market growth
                                     TABLE 85 UK: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 86 UK: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.3 FRANCE
                        11.3.3.1 Technology advancements in automotive sector to propel market growth
                                     TABLE 87 FRANCE: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 88 FRANCE: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.4 REST OF EUROPE
                        TABLE 89 REST OF EUROPE: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 90 REST OF EUROPE: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.5 EUROPE: RECESSION IMPACT
     11.4 ASIA PACIFIC 
             FIGURE 44 ASIA PACIFIC: INFRARED IMAGING MARKET SNAPSHOT
             TABLE 91 ASIA PACIFIC: INFRARED IMAGING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 92 ASIA PACIFIC: INFRARED IMAGING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 93 ASIA PACIFIC: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 94 ASIA PACIFIC: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 Rising demand for security and surveillance solutions for border control to drive market
                                     TABLE 95 CHINA: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 96 CHINA: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.2 JAPAN
                        11.4.2.1 High reliance of consumer electronics, automotive, and healthcare sectors on infrared imaging technology to accelerate market growth
                                     TABLE 97 JAPAN: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 98 JAPAN: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.3 INDIA
                        11.4.3.1 Increasing use of IR imaging technology in predictive maintenance and quality control applications to support market growth
                                     TABLE 99 INDIA: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 100 INDIA: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.4 REST OF ASIA PACIFIC
                        TABLE 101 REST OF ASIA PACIFIC: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 102 REST OF ASIA PACIFIC: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.5 ASIA PACIFIC: RECESSION IMPACT
     11.5 REST OF THE WORLD 
             TABLE 103 ROW: INFRARED IMAGING MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 104 ROW: INFRARED IMAGING MARKET, BY REGION, 2023–2028 (USD MILLION)
             TABLE 105 ROW: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 106 ROW: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.5.1 SOUTH AMERICA
                        11.5.1.1 High demand from medical and sports industries to support market growth
                                     TABLE 107 SOUTH AMERICA: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 108 SOUTH AMERICA: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.5.2 MIDDLE EAST & AFRICA
                        11.5.2.1 Thriving oil & gas industry to contribute to market growth
                                     TABLE 109 MIDDLE EAST & AFRICA: INFRARED IMAGING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                     TABLE 110 MIDDLE EAST & AFRICA: INFRARED IMAGING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.5.3 REST OF THE WORLD: RECESSION IMPACT
 
12 COMPETITIVE LANDSCAPE (Page No. - 147)
     12.1 OVERVIEW 
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS IN INFRARED IMAGING MARKET 
             TABLE 111 OVERVIEW OF STRATEGIES FOLLOWED BY KEY PLAYERS IN INFRARED IMAGING MARKET
     12.3 MARKET SHARE ANALYSIS, 2022 
             TABLE 112 INFRARED IMAGING MARKET: MARKET SHARE ANALYSIS (2022)
     12.4 REVENUE ANALYSIS OF KEY PLAYERS IN INFRARED IMAGING MARKET 
             FIGURE 45 FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS IN INFRARED IMAGING MARKET
             12.4.1 KEY PLAYERS IN INFRARED IMAGING MARKET, 2022
     12.5 COMPANY EVALUATION MATRIX, 2022 
             12.5.1 STARS
             12.5.2 PERVASIVE PLAYERS
             12.5.3 EMERGING LEADERS
             12.5.4 PARTICIPANTS
                        FIGURE 46 INFRARED IMAGING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
     12.6 COMPETITIVE BENCHMARKING 
             12.6.1 COMPANY FOOTPRINT, BY VERTICAL
             12.6.2 COMPANY FOOTPRINT, BY REGION
             12.6.3 OVERALL COMPANY FOOTPRINT
     12.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
                        FIGURE 47 INFRARED IMAGING MARKET (GLOBAL): STARTUPS/SMES EVALUATION MATRIX, 2022
             12.7.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
                        TABLE 113 INFRARED IMAGING MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 114 INFRARED IMAGING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (VERTICAL FOOTPRINT)
                        TABLE 115 INFRARED IMAGING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (REGION FOOTPRINT)
     12.8 COMPETITIVE SCENARIOS AND TRENDS 
             12.8.1 DEALS
                        TABLE 116 INFRARED IMAGING MARKET: DEALS, 2021–2023
                        TABLE 117 INFRARED IMAGING MARKET: PRODUCT LAUNCHES, 2021–2023
 
13 COMPANY PROFILES (Page No. - 163)
     13.1 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View)*  
             13.1.1 TELEDYNE FLIR LLC
                        TABLE 118 TELEDYNE FLIR LLC: COMPANY OVERVIEW
                        FIGURE 48 TELEDYNE FLIR LLC: COMPANY SNAPSHOT
             13.1.2 FLUKE CORPORATION
                        TABLE 119 FLUKE CORPORATION: COMPANY OVERVIEW
                        FIGURE 49 FLUKE CORPORATION: COMPANY SNAPSHOT
             13.1.3 RAYTHEON TECHNOLOGIES CORPORATION
                        TABLE 120 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY OVERVIEW
                        FIGURE 50 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
             13.1.4 LEONARDO DRS
                        TABLE 121 LEONARDO DRS: COMPANY OVERVIEW
             13.1.5 AXIS COMMUNICATIONS AB
                        TABLE 122 AXIS COMMUNICATIONS AB: COMPANY OVERVIEW
                        FIGURE 51 AXIS COMMUNICATIONS AB: COMPANY SNAPSHOT
             13.1.6 XENICS NV.
                        TABLE 123 XENICS NV.: COMPANY OVERVIEW
             13.1.7 OPGAL OPTRONIC INDUSTRIES LTD.
                        TABLE 124 OPGAL OPTRONIC INDUSTRIES LTD.: COMPANY OVERVIEW
             13.1.8 NEW IMAGING TECHNOLOGIES
                        TABLE 125 NEW IMAGING TECHNOLOGIES: COMPANY OVERVIEW
             13.1.9 ALLIED VISION TECHNOLOGIES GMBH
                        TABLE 126 ALLIED VISION TECHNOLOGIES: COMPANY OVERVIEW
             13.1.10 L3HARRIS TECHNOLOGIES, INC.
                        TABLE 127 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        FIGURE 52 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
* Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.  
     13.2 OTHER KEY PLAYERS 
             13.2.1 LYNRED
             13.2.2 INTEVAC, INC.
             13.2.3 ZHEJIANG DALI TECHNOLOGY CO., LTD.
             13.2.4 C-THERMAL
             13.2.5 IRCAMERAS LLC
             13.2.6 HGH
             13.2.7 RAPTOR PHOTONICS
             13.2.8 EPISENSORS
             13.2.9 INFRATEC GMBH
             13.2.10 PRINCETON INFRARED TECHNOLOGIES, INC.
             13.2.11 SIERRA-OLYMPIA TECH.
             13.2.12 COX CO., LTD.
             13.2.13 TONBO IMAGING
             13.2.14 OPTOTHERM, INC.
             13.2.15 SEEK THERMAL
             13.2.16 INFRARED CAMERAS, INC.
 
14 APPENDIX (Page No. - 211)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 
 

The research study involved 4 major activities in estimating the size of the infrared imaging market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, and investor presentations of companies, white papers, and articles from recognized authors. Secondary research was mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, and regional outlook and developments from both market and technology perspectives.

Primary Research

In the primary research, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative insights required for this report. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, equipment manufacturers, technology and innovation directors, end users, and related executives from multiple key companies and organizations operating in the infrared imaging market ecosystem.

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 were used along with several data triangulation methods to estimate and forecast the overall market segments and subsegments listed in this report.

Estimating market size by bottom-up Approach (demand side)

The bottom-up approach has been used to arrive at the overall size of the infrared imaging market from the revenues of key players and their shares in the market. Key players have been identified on the basis of several parameters, such as product portfolio analysis, revenue, R&D expenditure, geographic presence, and recent activities. The overall market size has been calculated based on the revenues of the key players identified in the market.

Market Size Estimation Methodology-Bottom-up Approach

Infrared Imaging Market Size, and Bottom-up Approach

Data Triangulation

After arriving at the overall market size through the process explained earlier, the total market has been split into several segments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both the top-down and bottom-up approaches.

Market Definition

The infrared spectrum typically ranges from wavelengths of 0.7 μm to 1 mm. Imaging in this range requires infrared imaging cameras that can convert the radiation of objects in the infrared range to a measurable form. The capability of an infrared imaging camera depends on the type of components used. Lens and detector are the two most important components of an infrared imaging camera and account for a significant percentage of its total value. Indium gallium arsenide (InGaAs), microbolometer, and mercury cadmium telluride (HgCdTe) are some of the types of infrared detectors available in the infrared imaging market.

Key Stakeholders

  • 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 main objectives of this study are as follows:

  • 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, 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:

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Country-wise Information:

  • Analysis for additional countries (up to five)

Company Information:

  • Detailed analysis and profiling of additional market players (up to five)
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We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 3270
Published ON
Jul, 2023
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