Press release
Global Infrared Imaging Market Report: A Comprehensive Analysis of Size, Share, Statistics Top Companies, and Industry Growth - 2028
In recent years, the global infrared imaging market has experienced substantial growth, driven by technological advancements, increasing applications across various industries, and a growing awareness of the benefits of thermal imaging.
Global Infrared Imaging Industry Size and Share:
The global infrared imaging market has witnessed remarkable expansion, with a diverse range of applications influencing its size and market share. According to the MarketsandMarkets latest market research report The global infrared imaging 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.
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.
The Asia Pacific region hold the largest market share of display 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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=593
Infrared Imaging Market Key Statistics
Several key statistics provide valuable insights into the current state of the global infrared imaging market:
Technology Breakdown: The market is segmented into cooled and uncooled infrared imaging technologies. Cooled infrared imaging systems, while offering high performance, often come with a higher cost, influencing the market dynamics.
Wavelength Distribution: Different wavelengths, including near, shortwave, mid-wave, and long-wave infrared, cater to specific applications. Statistics on wavelength distribution highlight the varied uses of infrared imaging technologies.
Application Insights: Security and surveillance, monitoring and inspection, and detection are primary applications driving the market. Understanding the distribution of applications provides a deeper understanding of the market landscape.
Vertical Analysis: The market spans multiple verticals, with aerospace and defense, healthcare, industrial, and automotive being key sectors adopting infrared imaging. Statistical data on vertical distribution sheds light on industry preferences.
Major Companies in Infrared Imaging Market
The global infrared imaging market boasts a competitive landscape, with several prominent companies contributing to its growth. Key market players include, 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 infrared imaging 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 Growth Analysis
Increased adoption of infrared imaging products in security & surveillance application is one of the major drivers that fuels infrared imaging market growth.
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.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Global Infrared Imaging Industry Size and Share:
The global infrared imaging market has witnessed remarkable expansion, with a diverse range of applications influencing its size and market share. According to the MarketsandMarkets latest market research report The global infrared imaging 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.
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.
The Asia Pacific region hold the largest market share of display 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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=593
Infrared Imaging Market Key Statistics
Several key statistics provide valuable insights into the current state of the global infrared imaging market:
Technology Breakdown: The market is segmented into cooled and uncooled infrared imaging technologies. Cooled infrared imaging systems, while offering high performance, often come with a higher cost, influencing the market dynamics.
Wavelength Distribution: Different wavelengths, including near, shortwave, mid-wave, and long-wave infrared, cater to specific applications. Statistics on wavelength distribution highlight the varied uses of infrared imaging technologies.
Application Insights: Security and surveillance, monitoring and inspection, and detection are primary applications driving the market. Understanding the distribution of applications provides a deeper understanding of the market landscape.
Vertical Analysis: The market spans multiple verticals, with aerospace and defense, healthcare, industrial, and automotive being key sectors adopting infrared imaging. Statistical data on vertical distribution sheds light on industry preferences.
Major Companies in Infrared Imaging Market
The global infrared imaging market boasts a competitive landscape, with several prominent companies contributing to its growth. Key market players include, 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 infrared imaging 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 Growth Analysis
Increased adoption of infrared imaging products in security & surveillance application is one of the major drivers that fuels infrared imaging market growth.
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.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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