Infrared Imaging 2018-2023: Global $7.3 Billion Market Outlook, Driven by High Adoption in Security and Surveillance Application - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 6, 2018--The “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 has been added to ResearchAndMarkets.com’s offering.
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.
DriversHigh Adoption in Security and Surveillance Application Increasing Adoption of Infrared Cameras in Quality Control and Inspection Application High Popularity of Uncooled Infrared Cameras
RestraintsStringent Import and Export Regulations
OpportunitiesGrowth Opportunities in APAC Emerging Countries Emerging Application Areas for SWIR Cameras Penetration of Infrared Cameras in Consumer Electronics Industry
ChallengesHigh Cost of Infrared Cameras Designing Highly Accurate Cameras
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Infrared Imaging Market, By Technology
7 Infrared Imaging Market, By Wavelength
8 Infrared Imaging Market, By Application
9 Infrared Imaging Market, By Vertical
10 Geographic Analysis
11 Competitive Landscape
12 Company ProfilesAllied Vision Technologies Axis Communications C-Thermal Cox Dali Technology Episenors Flir Systems Fluke IRCameras L3 Technologies Leonardo DRS New Imaging Technologies Opgal Optronic Industries Princeton Infrared Technologies Princeton Instruments Raptor Photonics Sensors Unlimited Sofradir Tonbo Imaging Xenics
For more information about this report visit https://www.researchandmarkets.com/research/8t9blg/infrared_imaging?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180606006161/en/
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 06/06/2018 01:39 PM/DISC: 06/06/2018 01:39 PM