World Infrared Imaging Market Report 2020-2025 - Use of Thermal Imaging to Spot COVID-19 Expected to Drive the Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 7, 2021--
The “Infrared Imaging Market with COVID-19 Impact Analysis by Technology (Cooled and Uncooled), Wavelength (Near Infrared, Shortwave Infrared, Mid-wave Infrared, and Long-wave Infrared), Application, Vertical, and Geography - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The Infrared Imaging Market is Expected to Grow at a CAGR of 7.6% from 2020 to 2025, to Reach USD 8.3 Billion by 2025 from USD 5.8 Billion in 2020.
The high adoption of infrared cameras in security and surveillance, and quality control and inspection applications is the major driver for the infrared imaging market. The increasing demand for infrared imaging cameras from APAC and rise in the penetration of SWIR cameras are also expected to considerably boost the infrared imaging market in the coming years. However, the high cost of infrared cameras is currently the major challenge facing the market.
Nonindustrial vertical to dominate infrared imaging market, in terms of size, during the forecast period
The infrared imaging market for nonindustrial vertical is expected to hold a dominant position during the forecast period. The leading position of the nonindustrial vertical can be attributed to the high adoption of infrared imaging products for the security & surveillance application, especially in the military & defense, and civil infrastructure segments.
Uncooled infrared imaging segment to hold the largest share of infrared imaging market and witness significant growth from 2020 to 2025
In terms of market size, the uncooled infrared imaging segment is expected to dominate the infrared imaging market during the forecast period and is likely to witness significant growth in the said market from 2020 to 2025. Long-wave infrared cameras and near-infrared cameras mostly employ uncooled detectors. These cameras are widely adopted in the security & surveillance application, which accounted for a majority share of the infrared imaging market. This is one of the key factors leading to the dominance of the uncooled segment in the infrared imaging market.
APAC to witness the highest growth in the market during the forecast period
APAC is expected to witness the highest growth in the infrared imaging market during the forecast period. Growing penetration of infrared imaging products in both the industrial and nonindustrial verticals has led to the high growth of APAC in the infrared imaging market. Since the infrared imaging technology allows users to see beyond the visible spectrum, it has gained popularity for various applications, such as night vision enhancement, moisture detection, temperature monitoring, camouflage detection, and surveillance.
FLIR Systems (US), Fluke (US), Sensors Unlimited (US), and Leonardo DRS (US) are among the key players operating in the infrared imaging market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Infrared Imaging Market, by Technology
8 Infrared Imaging Market, by Wavelength
9 Infrared Imaging Market, by Application
10 Infrared Imaging Market, by Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- FLIR Systems
- Sensors Unlimited
- Leonardo Drs
- Axis Communications
- Opgal Optronic Industries
- New Imaging Technologies
- Allied Vision Technologies
- Princeton Infrared Technologies
- Dali Technology
- Tonbo Imaging
- L3Harris Technologies
- Raptor Photonics
- Princeton Instruments
For more information about this report visit https://www.researchandmarkets.com/r/luc79d
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SOURCE: Research and Markets
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PUB: 01/07/2021 11:54 AM/DISC: 01/07/2021 11:54 AM