Infrared Imaging Market worth $8.4 billion by 2025 with a growing CAGR of 7.16%
Infrared Imaging Market Research Report Analysis and Forecast to 2025. Identify the New Revenue Sources and the Known and Unknown Adjacencies Impacting the Infrared Imaging Market.
USA, 5 July 2019 -- Infrared Imaging Market Research Report Analysis and Forecast to 2025. Identify the New Revenue Sources and the Known and Unknown Adjacencies Impacting the Infrared Imaging Market.
The report 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 2025, the infrared imaging market is expected to grow from USD 5.2 billion in 2018 to USD 8.4 billion by 2025, at a CAGR of 7.16% between 2018 and 2025. The growth of this market can be attributed to the high demand for infrared imaging products from the military and defense sector, primarily for security and surveillance application.
Uncooled infrared imaging segment held larger share of infrared imaging market in 2017
On the basis of technologies, the uncooled infrared imaging segment leads the infrared imaging market. The cost of uncooled infrared imaging cameras is generally lower than that of cooled infrared imaging cameras. This is one of the major reasons for the high demand for uncooled infrared imaging cameras.
Security and surveillance application to dominate infrared imaging market during forecast period
On the basis of applications, security and surveillance is currently leading the market. It will continue to dominate the market during the forecast period. The ability of infrared imaging products to enhance visibility even in restricted visibility conditions, such as complete darkness and bad weather conditions, has led to their wide adoption for the security and surveillance application.
Market for nonindustrial vertical to grow at higher CAGR during forecast period
On the basis of verticals, the market for nonindustrial vertical is expected to witness higher growth during the forecast period. Military and defense, and civil infrastructure are the 2 major segments within the nonindustrial vertical that generate the highest demand for infrared imaging products and are driving the growth of this segment.
North America held largest share of infrared imaging market in 2017
North America held the largest share of the infrared imaging market in 2017. The US accounted for the largest share of the infrared imaging market in North America, followed by Canada and Mexico. The US Army is one of the major users of infrared imaging products, contributing to the leading position of North America in the infrared imaging market.
Some of the players operating in the infrared imaging market include 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).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!
Scoop Line (Instant Information Request) The easiest way to ask questions and request information from the PR community.
Advanced Search Drill down, dig deep, for media information the way you want it.