Infrared Imaging Market estimated to reach 7.30 Billion USD by 2023
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
(EMAILWIRE.COM, September 07, 2018 ) According to the new market research report "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", the infrared imaging market is expected to grow from USD 5.16 Billion in 2018 to USD 7.30 Billion by 2023, at a CAGR of 7.18% between 2018 and 2023. The growth of this market can be attributed to the high demand for infrared imaging products from the military and defense sector, primarily for security and surveillance application.
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Browse 64 Tables and 38 Figures spread through 153 Pages and in-depth TOC on "Infrared Imaging Market"
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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.
North America held the largest share of the market in 2017, and the market in this region is expected to witness significant growth during the forecast period. The high adoption of infrared imaging cameras in the US has led to the dominant position of North America in the infrared imaging market.
The high cost of infrared imaging cameras, especially shortwave infrared cameras, is currently the major restraining factor for the growth of the infrared imaging market. Some of the major companies operating in this market are FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Xenics (Belgium), Opgal Optronic Industries (Israel), Axis Communications (Sweden), New Imaging Technologies (France), Allied Vision Technologies (Germany), and Sofradir (France).
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
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Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=593
Browse 64 Tables and 38 Figures spread through 153 Pages and in-depth TOC on "Infrared Imaging Market"
https://www.marketsandmarkets.com/Market-Reports/infrared-IR-sensing-imaging-market-593.html
Early buyers will receive 10% customization on this report.
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.
North America held the largest share of the market in 2017, and the market in this region is expected to witness significant growth during the forecast period. The high adoption of infrared imaging cameras in the US has led to the dominant position of North America in the infrared imaging market.
The high cost of infrared imaging cameras, especially shortwave infrared cameras, is currently the major restraining factor for the growth of the infrared imaging market. Some of the major companies operating in this market are FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Xenics (Belgium), Opgal Optronic Industries (Israel), Axis Communications (Sweden), New Imaging Technologies (France), Allied Vision Technologies (Germany), and Sofradir (France).
Inquiry Before Buying:-
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=593
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/
Contact Information:
MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results