Factors such as rise in demand for infrared (IR) imaging in almost every commercial application and benefits associated with long wave infrared (LWIR) cameras along with uncooled technology and diminishing cost of IR detectors are further propelling the growth of this market.
The major components used in infrared imaging include IR sensors, IR lens systems, and IR detectors.
Among these, the IR detectors commanded the largest share of the global market. IR detectors form a significant part as the ability to capture an IR image entirely depends on the detective potential of an IR detector.
There are different types of IR detectors that are used for both cooled and uncooled technologies. The cooled and uncooled infrared detectors are largely used in a number of applications that include commercial, industrial, residential, and military verticals among others.
Owing to the number of advanced technologies being utilized in various IR detectors, a wide range of IR cameras based on these detectors are being used for home automation, security, and gas & fire detection purposes. This would eventually lead to an increased growth rate of the global market for IR detectors during the future years.
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The Infrared Imaging Market is significantly led by the surveillance application which is further divided into three types that include homeland security, military surveillance, and industrial surveillance. The major factor boosting the growth of infrared imaging market includes their high usage for military surveillance applications.
The features of IR cameras like rapid processing, wide field of vision, and the ability to find out sources of movement in low-light conditions has resulted in an increased use of these types of cameras for application in military surveillance.
The uncooled IR imaging technology is estimated to grow at a robust pace during the future years. This technology possess the potential to offer clear pictures through fog, haze, darkness, and smoke that has resulted in an increased installation in applications such as surveillance that further includes homeland security, military surveillance, and industrial surveillance, firefighting, and aerospace & defense for better resolution.
The cost of uncooled IR cameras is less as compared to IR cameras that uses cooled technology. The size of uncooled IR image sensors is small and built with less number moving parts.
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Presently, the North American market commands the largest share of the global infrared imaging market. Owing to the innovations in infrared technologies, the North American countries including Canada, U.S., and Mexico are expected to grow at a significant pace.
The global market is further driven by varied applications such as surveillance along with firefighting and aerospace & defense. The Asia-Pacific region provides huge growth opportunities due to the rising adoption of infrared imaging products in varied applications like surveillance and consumer electronics that are further propelling the infrared imaging market.
The major challenges associated with the infrared imaging industry include difficulty linked with designing accurate cameras and the designing complexity linked with firefighting application. The varied cost range of sensors based on applications acts as a major restraint for the global infrared imaging market.
|Market||Global Infrared Imaging Market|
|Analysis Period||2014 – 2024|
|Historic Data||2014 – 2015|
|Forecast Data||2017 – 2024|
|Market Stratification||Component, Technology, Wavelength, Application, Geography|
|Regional Scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)|
|Report Coverage||Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis|
Some of the key companies in the infrared imaging market include DRS Technologies Inc., FLIR Systems, Inc., Axis Communications AB, Fluke Corporation, and Sofradir Group among others.
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Market by Component
IR Lens Systems
Market by Technology
Market by Wavelength
Shortwave infrared (SWIR)
Mid Wave Infrared (MWIR)
Long Wave Infrared (LWIR)
Market by Application
Aerospace & Defense
Market by Geography
o Rest of Europe
o Rest of Asia-Pacific
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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