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$7 Billion Global Infrared Imaging Technology Industry by 2026 – Consumer Electronics Industry Witnesses Growing Use of IR Technology

DUBLIN, September 30, 2022 /PRNewswire/ — The “Infrared Imaging Technology – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

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The global infrared imaging technology market estimated at US$5.4 billion in 2022, is expected to reach a revised size of 7 billion US dollars by 2026, growing at a CAGR of 6.3% over the analysis period.

Uncooled, one of the segments analyzed in the report, is expected to register a CAGR of 6.6% and reach US$4.9 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Chilled segment is readjusted to a revised CAGR of 5.7% for the next 7-year period. By technology, the uncooled segment is expected to dominate market growth, driven by strong demand for uncooled infrared imaging cameras in security and surveillance applications.

The low manufacturing cost of sensors for uncooled IR cameras, as they require cheaper vacuum packaging, is expected to drive the demand for uncooled IR imaging products. Another advantage is that uncooled cameras consume less power and fewer moving parts and therefore have a much longer lifespan and will operate continuously for years without maintenance.

The US market is estimated at $2.4 billion in 2022, when China is expected to reach $603 million by 2026

The infrared imaging technology market in the United States is estimated at US$2.4 billion in the year 2022. Chinathe second largest economy in the world, is expected to reach a projected market size of US$603 million by 2026 with a CAGR of 7.7% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 5.6% and 5.9% respectively over the analysis period. In Europe, Germany is expected to grow at around 6.1% CAGR.

The market is predicted to witness strong growth opportunities driven by growing demand from the non-industrial sector, growing adoption of new end-use applications, technological advancements in infrared imaging technology, growing adoption of security applications and surveillance, the increasing availability of reasonably priced infrared cameras. .

Additionally, the growing demand for infrared imaging cameras in emerging economies and the high penetration of SWIR cameras are poised to open up new growth avenues in the coming years. The increasing use of infrared cameras in quality control and inspections and their steady adoption in the consumer electronics market also present untapped growth opportunities. IR imaging can be used both as a predictive and preventive tool, which makes it very diverse.

However, the high cost of infrared imaging systems compared to substitute technologies, stringent import and export regulations, and lack of technology awareness are hampering the market prospects. SWIR cameras are expensive due to the use of expensive semiconductor materials such as indium gallium arsenide (InGaAs) sensors in their formulation.

By application, security and surveillance segment to be achieved $4.1 billion by 2026

Global Security and Surveillance Market by Application Segment is estimated at US$3.2 billion in 2022, and should reach US$4.1 billion by 2026 reflecting a compound annual growth rate of 6.1% over the analysis period. United States constitutes the largest regional market for the security and surveillance segment, accounting for 42.8% of global sales. China is poised to record the fastest compound annual growth rate of 7.6% over the analysis period, reaching US$417.6 million at the end of the analysis period.

Select contestants (55 total featured):

  • Allied Vision Technologies GmbH

  • Axis Communications AB

  • Bosch Security Systems, Inc.

  • FLIR Systems, Inc.

  • Fluke Corporation

  • General Dynamics Mission Systems, Inc.

  • Hanwha Techwin Co.,Ltd.

  • L3Harris Technologies, Inc.

  • Leonard DRS

  • Lynred

  • New Imaging Technologies

  • Opgal Optronic Industries

  • Unlimited Sensors, Inc.

  • Xenics AG

  • Zhejiang Dali Technology Co.,Ltd

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Impact of the COVID-19 pandemic and impending economic recession

  • Impact of COVID-19 on Infrared Imaging Technology

  • Thermal imaging as a promising fever screening method to dodge the COVID-19 storm

  • Cautions Regarding the Use of Infrared/Thermal Imaging for Fever Detection

  • Vendors Highlight Thermal Imaging Systems to Face COVID-19 Challenge

  • Organizations rise with thermal imaging to reopen and ensure business continuity

  • Once a niche market, infrared cameras are enjoying growing demand amid COVID-19

  • Regulatory response to potential “virus watchers”

  • Pandemic crisis weakens economic environment, triggering negative GDP tide

  • World economic growth projections (real GDP, % annual change) for 2019, 2020 and 2021

  • An introduction to infrared imaging technology

  • Uncooled and cooled infrared imaging

  • Global Market Outlook and Prospects

  • The uncooled segment dominates the global market

  • Security and surveillance emerge as the key application segment

  • China & Asia Pacific to drive market growth

  • Global brands

  • Recent market activity

  • Infrared Imaging Technology – Percentage Market Share of Global Key Competitors in 2022 (E)

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Gamers Worldwide in 2022 (E)

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • Growing Importance of IR Technology in Industrial Imaging Applications

  • Growing Importance of Infrared Cameras in Inspection and Quality Control Applications

  • The rapidly changing role of Industry 4.0 and the smart factory to guide future expansion

  • Key Industry 4.0 Technologies: Global Market Size (USD Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics and Smart Machines for 2020

  • Thermal imagers for remote temperature measurement

  • Growing demand for infrared imaging products from non-industrial sectors

  • Sustained demand for infrared imaging technology in military applications

  • As defense budgets come under intense pressure, the infrared imaging market is witnessing tough times

  • Defense expenditure worldwide in billions of US dollars for the years 2001 to 2019

  • Top countries ranked by defense budgets in billion US dollars for 2019

  • Reprioritization of Budgets Impacts Defense Spending, Affecting Infrared Imaging Market

  • Japan’s defense budget: a comparison before and after COVID-19 (in billions of US dollars) for 2021-2023

  • UK defense budget: a comparison before and after COVID-19 (in billions of US dollars) for 2021-2023

  • Rising territorial disputes and border disputes prompt focus on better surveillance and target identification

  • Number of terrorist incidents and terrorism-related deaths worldwide: 2011-2018

  • Focus on soldier modernization programs is driving market growth

  • Soldier Modernization Initiatives Drive Demand for Advanced Infrared Imaging Systems: Global Soldier Modernization Market Size (USD Billion) by 2018, 2021, 2024 & 2027

  • Improving Target Identification, Threat Assessment and Surveillance: Core Capabilities of Infrared Imaging Systems

  • US companies provide support to the US Air Force for the development of EO/RF-related technologies

  • Infrared imaging technology finds favor in guiding IR missiles

  • Thermal cameras: an important system for securing borders

  • Infrared and thermal cameras are used in ISR operations

  • Advanced LWIR technology to power thermal imaging at near room temperature

  • LWIR imagers with superior dynamic range

  • Security and surveillance applications hold significant potential for the infrared imaging market

  • Emerging Applications of SWIR Cameras to Drive the Market

  • The Growing Role of Infrared Imaging Technology in Gas Detection

  • Global gas leak detection and repair market by technology (in %) for 2020E

  • Infrared Imaging Technology Finds Growing Use in Healthcare

  • Infrared cameras for medical diagnostic purposes

  • Infrared Imaging Cameras Gain Importance for COVID-19 Screening

  • Autonomous vehicles incorporate infrared imaging technology

  • Projected global penetration rate (%) of autonomous vehicles for the years 2021, 2023 and 2025

  • As the aviation industry seeks to resume normal operations, demand for infrared imaging systems is poised to grow

  • Expected losses in the global aviation industry (in billions of US dollars)

  • The consumer electronics industry is witnessing an increasing use of IR technology

  • Infrared Imaging Cameras: Detect Infrared Radiation

  • Top Use Cases for Thermal Cameras

  • Thermal camera issues

  • Infrared cameras help identify and correct distortions in production

  • Emerging Applications of Infrared Imaging Technology: An Overview

  • Technological advancements in infrared imaging technology and development of low cost cameras to propel the market

  • NIR-II opens new perspectives for biomedical imaging

  • FIR: the solution for fully autonomous cars

  • High cost of infrared cameras: a key market constraint

  • Civil Rights and Privacy Concerns Hurt Thermal Imaging Adoption

  • Strict trade regulations hamper demand for infrared imaging products

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/aq8iy2

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Research and Markets
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