According to Stratistics MRC, the Global Infrared Imaging market is accounted for $7.94 billion in 2016 and is expected to reach $14.15 billion by 2022 growing at a CAGR of 10.1% during the forecast period 2016 to 2022. After the absorption of Infrared technology in the market, it has been widely adapted across the verticals. High demand for security had given prominent market for IR cameras which is driving the market. In addition to that Infrared imaging technology has gained its prominence across various verticals for varied applications which had created great opportunity for the market.
Uncooled IR Technology in application segment is expected to dominate the market, owing to its less expensive feature and long duration operation compared to Cooled IR Technology. Surveillance segment is expected to be dominant among all applications attributing to the growing demand for high security at home, industries etc. North American market is expected to be dominant among all regions attributed to the technological advancement pace in the countries like U.S.A, Mexico etc. However, Asia Pacific is expected to grow at highest CAGR due to the foraying technologies.
Some of the key players of the Infrared Imaging market include Axis Communications AB, Bosch Security Systems, Inc., DRS Technologies, Inc., Flir Systems, Inc., Fluke Corporation, General Dynamics Mission Systems, Inc., L-3 Communications Holdings, Inc., Opgal Optronics Industries Ltd., Samsung Techwin, Sofradir Group and Zhejiang Dali Technology Co., Ltd.
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Indium Gallium Arsenide (INGAAS)
Mercury Cadmium Telluride (MCT)
Infrared Lens Systems
Fixed IR Imaging Products
Portable IR Imaging Products
Aerospace and Defense
Cooled IR Technology
Uncooled IR Technology
Rest of Europe
Rest of APAC
Rest of the World
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