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

Infrared Imaging Market is expected to witness high growth during the forecast period. 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. High demand for infrared imaging products from the nonindustrial vertical is one of the major factors driving the growth of the market. Moreover, increasing demand for infrared imaging cameras from APAC and rise in the penetration of SWIR cameras are expected to considerably boost the market in the coming years.

Infrared Imaging Market

By technology, uncooled segment to account for largest market share during forecast period

In this report, the infrared imaging market, by technology, has been segmented into cooled and uncooled. Among the two, uncooled segment is expected to hold a larger share of the market throughout the forecast period. The dominant position of this segment can be attributed to the high demand for uncooled infrared imaging cameras owing to their low cost compared with cooled infrared imaging cameras. Security & surveillance is the major application area for which uncooled infrared imaging cameras are used in the infrared imaging market.

By wavelength, SWIR segment is expected to grow at highest CAGR during forecast period

The market for SWIR products is expected to witness significant growth during the forecast period. The major applications of line scan cameras are in the industrial vertical. Surveillance, moisture detection, spectroscopy, high-temperature thermography, semiconductor inspection, scientific research, and art inspection are some of the common applications of SWIR cameras. Currently, the price of SWIR cameras is higher than most MWIR, LWIR, and NIR cameras, which has restricted their wide-scale adoption. However, owing to technological advancements and efforts made by SWIR camera manufacturers to launch low-priced SWIR cameras, the price of these cameras is expected to decrease in the near future.

Infrared Imaging Market

APAC to witness highest growth rate during forecast period

APAC is expected to witness highest CAGR in the infrared imaging market during the forecast period. China, Japan, and India are some of the major countries driving the growth of the market in APAC. North America is expected to account for the largest share of market during the forecast period. The market in this region is also expected to witness significant growth during the forecast period.

Scope of the Report:

Report Metric

Details

Report Name

Infrared Imaging Market

Base year

2017

Forecast period

2018–2023

Units

Value (USD)

Segments covered

Type, End User, Offerings, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Princeton Infrared Technologies (US), L3 Technologies (US), Axis Communications (Sweden), Xenics (Belgium), Opgal Optronic Industries (Israel), New Imaging Technologies (France), Sofradir (France), C-Thermal (Austria), Tonbo Imaging (India), Raptor Photonics (UK), and Episensors (US).

Key Market Players

Key players in the infrared imaging market include 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). FLIR Systems is a well-known company in the market. The company has a strong infrared imaging product portfolio consisting of over 50 products and stresses on the product launch strategy to further enhance its product portfolio. Besides the product launch strategy, the company focuses on other strategies such as contracts, collaborations, and acquisitions to strengthen its presence in the infrared imaging market. In October 2017, FLIR Systems was awarded with a contract worth USD 6.8 million for supplying Black Hornet personal reconnaissance systems (PRS) to the Australian Army.

Recent Developments

  • In January 2018, FLIR Systems (US) announced the availability of a high-resolution Thermal Vision Automotive Development Kit (ADK) featuring the high-performance FLIR Boson thermal camera for automakers, tier 1 automotive parts suppliers, and innovators of advanced driver assistance systems (ADAS).
  • In December 2017, Axis Communications (Sweden) launched AXIS P1280-E thermal network camera, an indoor/outdoor thermal camera with a resolution of 208Χ156 and a field of view of 35°. This camera is ideal for surveillance and has a flexible form factor that allows the thermal sensor unit to be placed in locations with limited space.
  • In November 2017, Sofradir (France) entered into a distribution partnership with ATD Electronique (France) to extend the European customer base for its SWIR detectors based on infrared InGaAs technology.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the emerging applications of infrared imaging cameras?
  • How are advancements in industrial and nonindustrial verticals influencing the infrared imaging market?
  • Which technology infrared imaging camera is expected to penetrate significantly in the infrared imaging market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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 Market, By Country and Application
    4.4 Market, By Technology
    4.5 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 Market for Near Infrared, By Application, 2015–2023 (USD Million)
Table 6 Market for Near Infrared, By Vertical, 2015–2023 (USD Million)
Table 7 Market for Near Infrared, By Region, 2015–2023 (USD Million)
Table 8 Market for Shortwave Infrared, By Application, 2015–2023 (USD Million)
Table 9 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 Market for Mid-Wave Infrared, By Application, 2015–2023 (USD Million)
Table 12 Market for Mid-Wave Infrared, By Vertical, 2015–2023 (USD Million)
Table 13 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 Market for Long-Wave Infrared, By Vertical, 2015–2023 (USD Million)
Table 16 Market for Long-Wave Infrared, By Region, 2015–2023 (USD Million)
Table 17 Market, By Application, 2015–2023 (USD Million)
Table 18 Infrared Imaging Market for Security and Surveillance, By Technology, 2015–2023 (USD Million)
Table 19 Market for Security and Surveillance, By Vertical, 2015–2023 (USD Million)
Table 20 Market for Security and Surveillance, By Region, 2015–2023 (USD Million)
Table 21 Market for Monitoring and Inspection, By Technology, 2015–2023 (USD Million)
Table 22 Market for Monitoring and Inspection, By Vertical, 2015–2023 (USD Million)
Table 23 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 Market for Detection, By Vertical, 2015–2023 (USD Million)
Table 26 Market for Detection, By Region, 2015–2023 (USD Million)
Table 27 Market, By Vertical, 2015–2023 (USD Billion)
Table 28 Infrared Imaging Market for Industrial Vertical, By Region, 2015–2023 (USD Million)
Table 29 Market for Nonindustrial Vertical, By Region, 2015–2023 (USD Million)
Table 30 Market, By Region, 2015–2023 (USD Million)
Table 31 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 Market in US, By Vertical, 2015–2023 (USD Million)
Table 34 Market in Canada, By Application, 2015–2023 (USD Million)
Table 35 Market in Canada, By Vertical, 2015–2023 (USD Million)
Table 36 Market in Mexico, By Application, 2015–2023 (USD Million)
Table 37 Market in Mexico, By Vertical, 2015–2023 (USD Million)
Table 38 Market in Europe, By Country, 2015–2023 (USD Million)
Table 39 Market in Germany, By Application, 2015–2023 (USD Million)
Table 40 Market in Germany, By Vertical, 2015–2023 (USD Million)
Table 41 Market in UK, By Application, 2015–2023 (USD Million)
Table 42 Market in UK, By Vertical, 2015–2023 (USD Million)
Table 43 Market in France, By Application, 2015–2023 (USD Million)
Table 44 Market in France, By Vertical, 2015–2023 (USD Million)
Table 45 Market in Rest of Europe, By Application, 2015–2023 (USD Million)
Table 46 Market in Rest of Europe, By Vertical, 2015–2023 (USD Million)
Table 47 Market in APAC, By Country, 2015–2023 (USD Million)
Table 48 Market in China, By Application, 2015–2023 (USD Million)
Table 49 Market in China, By Vertical, 2015–2023 (USD Million)
Table 50 Market in Japan, By Application, 2015–2023 (USD Million)
Table 51 Market in Japan, By Vertical, 2015–2023 (USD Million)
Table 52 Market in India, By Application, 2015–2023 (USD Million)
Table 53 Market in India, By Vertical, 2015–2023 (USD Million)
Table 54 Market in Rest of APAC, By Application, 2015–2023 (USD Million)
Table 55 Market in Rest of APAC, By Vertical, 2015–2023 (USD Million)
Table 56 Market in RoW, By Region, 2015–2023 (USD Million)
Table 57 Market in South America, By Application, 2015–2023 (USD Million)
Table 58 Market in South America, By Vertical, 2015–2023 (USD Million)
Table 59 Market in Middle East and Africa, By Application, 2015–2023 (USD Million)
Table 60 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 Market: Bottom-Up Approach
Figure 5 Market: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Infrared Imaging Market Size (2015–2023)
Figure 8 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 Market By 2023
Figure 10 Security and Surveillance to Hold Largest Size of 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 Market in 2017
Figure 13 Increasing Adoption of Infrared Imaging Cameras in Monitoring and Inspection Application Driving Market
Figure 14 Market for Shortwave Infrared to Grow at Highest CAGR During Forecast Period
Figure 15 US to Hold Largest Share of North American 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 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 Market By 2023
Figure 23 Infrared Imaging Market, By Wavelength
Figure 24 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 Market for Monitoring and Inspection to Grow at Highest CAGR During Forecast Period
Figure 28 Industrial Vertical to Hold Larger Size of Market for Detection By 2023
Figure 29 Infrared Imaging Market, By Vertical
Figure 30 Industrial Vertical to Hold Larger Size of Market By 2023
Figure 31 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

The study involved 4 major activities to estimate the current market size for infrared imaging cameras. 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 value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, 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 imaging 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 verify and validate the critical numbers arrived at.

Infrared Imaging Market

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
  • The industry’s supply chain and market size, in terms of value, 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

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data have 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 major objectives of the study.

  • 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

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

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)

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:

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Report Code
SE 3270
Published ON
Mar, 2018
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