Infrared Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Infrared Imaging Market – Introduction
Infrared (IR) imaging is a technique used to capture invisible infrared image to convert it into a visible image. Infrared light is invisible to human eye and needs IR cameras and imagers. Infrared imaging devices are equipped with special sensors which enables them to operate even in darkness, and make them a viable choice for various applications. Infrared imaging market is rapidly accelerating owing to the growing adoption of infrared imaging systems for applications, such as security check, and surveillance of important equipment in enterprises.
Infrared imaging was initially developed for military applications, such as binoculars, gun lights, and night vision cameras, however, now it is widely used for various commercial purpose due to growing technology advancement in this space. As closed circuit television (CCTV) camera technologies fail to provide proper detection of image in darkness, infrared imaging technology is gaining traction for the same. Infrared imaging system can easily penetrate through dust, smoke, fog and even during the worst lighting conditions to capture images, which is fueling its adoption for various applications. These driving factors pushed the infrared imaging market to value roughly US$ 5 Billion in 2018.
Infrared Imaging Market – Competitive Landscape
Bosch Security Systems
Founded in 1968, Bosch Security Systems, Inc. is a subsidiary of Robert Bosch GmbH and designs and supplies security equipment for communications, access control, video surveillance, and intrusion and fire detection applications across the world. Bosh Security Systems has an extensive product portfolio. Some of the company offerings are access control and system solutions; analog cameras, IP cameras, monitors, accessories, digital video recorders, and video software; conference systems, and fire alarm systems.
Axis Communications AB
Founded in 1984, Axis Communications AB is headquartered in Lund, Sweden, with additional offices in Washington, DC; Nairobi, Kenya, and Irvine, California. The company operates as a subsidiary of Axis AB (publ), and develops and offers a wide range of video surveillance & access control solutions. Some of them are fixed cameras, thermal cameras, fixed domes, panoramic cameras, HD and megapixel cameras, PTZ cameras, and outdoor cameras; and video encoders & video server racks. Axis Communications AB also provides Network Radar Detector for area detection of moving objects in diverse light and weather conditions.
Infrared Integrated Systems Ltd
Founded in 1996 and headquartered in Northampton, United Kingdom, InfraRed Integrated Systems Ltd. is a subsidiary of TGA Industries Limited. InfraRed Integrated Systems Ltd. offers a wide range of products and services for people counting & real time queue management across the United States and internationally. The company also offers thermal sensors for diverse applications across various industries.
General Dynamics Mission Systems, Inc,
Founded in 2002, General Dynamics Mission Systems Inc, is headquartered in Fairfax, Virginia, and was formerly known as General Dynamics Advanced Information Systems, Inc. General Dynamics Mission Systems, is a subsidiary of General Dynamics Corporation, and designs, develops, and manufactures imagery sensors, secure communications systems, cyber products, and command & control systems for customers in the United States and beyond.
Infrared Imaging Market – Dynamics
Wide Industrial & Commercial Applications Driving Adoption of Infrared Imaging
The infrared imaging market is growing at a steady pace due to their growing adoption for industrial and commercial use. This burgeoning adoption of infrared imaging systems is attributed to the growing development in high speed and advanced IR cameras, coupled with their rising implementation in military application under soldier modernization programs. Additionally, the introduction of high definition imaging technology has also triggered the adoption of infrared imaging systems in various sectors.
High Cost & Potential Inaccuracy in Result Impeding Growth in Infrared Imaging Market
High cost of infrared imaging systems has been making some enterprises reluctant towards the adoption of this technology. Additionally, as infrared imaging system can’t detect the difference in objects with a similar range of temperature, it often leads to inaccurate results. These factors are challenging the growth of stakeholders, who are in the pursuit of leveraging innovation to develop low-cost and more precise infrared imaging systems.
Infrared Imaging Market – Segmentation
Based on technology, the infrared imaging market is segmented into:
Based on application, the infrared imaging market is segmented into:
Based on wavelength, the infrared imaging market is segmented into:
Based on vertical, the infrared imaging market is segmented into:
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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