Infrared Imaging Market Growth Propelled By Thriving Automotive Industry
An unprecedented demand from the automation industry, the requirement of infrared imaging in the pilot assistance, and cross-industry collaboration coupled with the support from major companies are some of the driving forces behind the growth of infrared imaging market. As per the experts at IndustryARC, the global infrared imaging market will attain a market revenue of $9,772m by 2024, expanding at a healthy compound annual growth rate (CAGR) of 7.88% over the course 2018-2024.
intelligence report published by IndustryARC titled ‘
Infrared Imaging Market And Wide Area Surveillance
Infrared Imaging: By Technology (Cooled, Uncooled); By Spectrum Ranges (NIR,
SWIR, Others); By Design; By Product Type; By Application (Wide Area
Surveillance, Temperature Monitoring, Others); By Industry Verticals (Defense,
Automotive, Others) & Geography- Forecast (2018 - 2024).’ utilizes statistical
information to talk about the important aspects of this market including growth
drivers, trends, and segmentation.
Infrared Imaging Market: Regional Analysis and Growth Drivers
The continent of North America has made massive improvements in its surveillance systems using wide area surveillance infrared imaging. This technology has extensively helped the police departments and military in carrying out operations such as surveillance activities, accident investigation, and locating evidence for the tactical teams. Even though the cost for installing these systems is quite high, it hasn’t deterred consumers from purchasing because of the long term practical usage and the perpetual technological advances that have improved the quality of the image capturing. Major end-users of the infrared imaging market include defense, government organizations, oil and gas, and production plants. According to the analyst, North American demand share of the infrared imaging market will grow at a compound annual growth rate of 11% during the forecast period 2018-2024, and the market is estimated to reach $852.2m by 2024.
The infrared imaging market is experiencing a high demand from the industrial and automotive industry. Since, the automotive industry is highly reliant on machine vision for inspection of components moving at high speeds, this industry generates a high demand for infrared imaging and high-resolution cameras. Other industries that make use of infrared imaging include healthcare in which fields including oncology and pharmacology are expected to grow with simultaneous occurrence of point of care and cross-industry partnerships.
Infrared Imaging Market: Recent Developments
- Quasar 4x2K Panoramic Camera
It is a technologically advanced camera developed by Flir Systems which makes use of sensors. It offers a wide area surveillance which helps in monitoring cities, infrastructures, and high-security areas.
- Wide Area Surveillance Sensors
L3 Technologies has invented cameras named 2K x 2K Infrared and 4K x 4K Sensor which make use of wide area surveillance sensors that provide surveillance for the smallest size such as 4.2 megapixels.
Infrared Imaging Market: Competitive Landscape
Key market players operating in the global infrared imaging market and holding majority shares are Flir Systems, Inc., Opgal Optronics Industries Ltd., L3 Technologies, Inc., Harris Corporation, Thales Group, HGH Systemes Infrarouges SAS, Rheinmetall AG, Aselsan AS, BAE Systems, Leidos Holdings, Inc., Axis Communications, Bosch Security, Fluke Corporation, Leonardo DRS, and General Dynamics.
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What can you expect from the report?
The infrared imaging market report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Applications 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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