Global Infrared (IR) and Thermal Imaging Systems Market Trends, Applications, Analysis, Growth, and Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global infrared and thermal imaging systems market in its upcoming report titled, “Global Infrared and Thermal Imaging Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global infrared and thermal imaging systems market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global infrared and thermal imaging systems market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global infrared and thermal imaging systems market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global infrared and thermal imaging systems market report has been segmented on the basis of technology, applications, and region.
Infrared and thermal imaging technology senses people and objects in absolute darkness and in a range of different conditions. Depending upon the deference in temperature, these systems generate brittle images. Infrared and thermal imaging systems use state-of-art technology to detect infrared radiation and heat in temperature. These systems are also suitable for areas with critical temperatures and climatic conditions. These systems are similar to a digital camera in size, and provide real-time high-resolution images.
Improvements and technological innovation in infrared detectors have enabled development of various remote infrared and thermal sensing devices for a range of applications such as space imaging, surveillance purposes, and remote sensing. Currently, infrared and thermal imaging cameras are available in the market and offer a wide range of performance abilities, features, and spectral sensitivity.
Key factor driving demand for infrared and thermal imaging systems is significant increase in application in soldier upgrading programs. Increase in military funds by governments across the world is another factor driving growth of the global infrared and thermal imaging market to a relatively high extent, especially in the recent past. Development and introduction of advanced high definition thermal imaging technology is expected to further drive growth of the global infrared and thermal imaging systems market over the forecast period. Government policies in some countries is expected to act as a major restraint to growth of the target market over the forecast period.
Currently, demand for cheaper devices is a growing trend, and companies are focusing on developing and introducing low-cost solutions, which will result in greater awareness regarding these technologies and create potential for newer applications.
Infrared and thermal imaging systems can see through light rain, snow, fog and total darkness. However, the distance these devices can see is affected by atmospheric conditions. Initially, infrared and thermal imaging systems were meant for the military sector, but have gained traction in a range of other sectors due to technological advancements and other factors. Integration in smartphones, automobiles, and closed-circuit television (CCTV) cameras is expected to further boost growth of the target market over the forecast period.
Among the markets in the various regions, North America is expected to be the largest contributor to global market revenue over the forecast period. Despite being the largest contributor, annual growth rate of the North America market is expected to remain low as compared to other regions such as Asia Pacific and the Middle East & Africa.
Global IR and thermal imaging systems market segmentation by technology:
Global IR and thermal imaging systems market segmentation by application:
- Security and surveillance
- Military vehicle vision
- Others vehicles
Global IR and thermal imaging systems market segmentation by region:
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- FLIR systems
- DRS Technologies
- L-3 Security and Detection Systems
- Raytheon Integrated Defence Systems
- BAE Systems
- Honeywell Aerospace
- Garmin Avionics and Safety Panasonic Components and Devices
- Safran Security
- General Dynamics Information Systems and Technology
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