Global Infrared Imaging Market (2021-2026) by Application Type, Technology Type, Wavelength Type, Vertical Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Infrared Imaging Market is estimated to be USD 6.2 Bn in 2021 and is expected to reach USD 9.15 Bn by 2026, growing at a CAGR of 8.1%.

Market Dynamics

The Global Infrared Imaging Market is growing due to the demand for uncooled infrared cameras. These cameras can be used in harsh environments such as haze, smoke, and water vapor and are highly adopted by the military and defense sector for usage in CBRNE detection. The high adoption of infrared imaging products in various applications such as security and surveillance, temperature measurement, and quality control and inspections is driving the market's growth. On the other hand, rigidity in rules and regulations related to the export and import of infrared products. Only authorized manufacturers can sell the product after proper inspection and verification by the authorities restrict the market's growth.

Furthermore, high costs associated with infrared imaging products and product designing complexities for highly accurate cameras are significant challenges that may negatively affect the market’s growth. Moreover, the growing integration or penetration of infrared cameras in consumer electronics, government initiatives for modernizing the military and defense sector, and emerging applications areas for SWIR cameras will create potential opportunities for the market to grow in the forecasted period.

Market Segmentation

• The Global Market is segmented further based on Application Type, Technology Type, Wavelength Type, Vertical Type, and Geography.
• By Application Type, the market is classified into Security & Surveillance, Monitoring & Inspection, and Detection.
• By Technology Type, the Infrared Imaging market is classified into Cooled Infrared Imaging and Uncooled Infrared Imaging.
• By Wavelength Type, the Infrared Imaging market is classified into Near Infrared (NIR), Shortwave Infrared (SWIR), Mid-Wave Infrared (MWIR), and Long-Wave Infrared (LWIR).
• By Vertical Type, the Infrared Imaging market is classified into Industrial and Non-Industrial.
• By Geography, America is projected to lead the market.

Recent Developments

1. Lynred launched Galatea MW, a most compact, lightweight, and low power consumption infrared detector which enhances autonomy and performance of battery-powered devices- September 13, 2021
2. Raytheon Technologies acquires FlightAware to deliver new capabilities and innovations and to look forward to digitizing aviation- August 30, 2021
3. Leonardo DRS, Inc acquired Ascendant Engineering Solutions to integrate Electro-Optical and Infrared components and systems to help in addressing a range of U.S. Government needs- August 5, 2021
4. Xenics, NV introduced CERES T 640, a high performance thermographic long-wave infrared camera having capabilities of industrial machine vision and process monitoring- June 1, 2021

Company Profiles

Some of the companies covered in this report are Allied Vision Technologies, Axis Communications AB, Danaher Corporation, Leonardo DRS, Inc, Lynred, New Imaging Technologies, Opgal Optronic Industries Ltd, Raytheon Technologies Corporation, Teledyne Technologies Incorporated, Xenics NV, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Infrared Imaging Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market