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The Infrared Imaging Market Size was valued at USD 7.03 Billion in 2023 and is expected to reach USD 12.36 Billion by 2032 and grow at a CAGR of 6.5% over the forecast period 2024-2032.
Infrared imaging is increasingly becoming a critical growth driver in the healthcare industry, primarily because of the increase in the adoption of infrared thermography for non-invasive diagnostic applications. This technology is now increasingly used for the identification of inflammation, tumors, and circulatory issues, which significantly increases early disease detection and enhances patient outcomes. It, therefore, increases awareness about the advantages of earlier disease detection. The defence sector is also a significant participant in the infrared imaging market. Military applications of infrared cameras in surveillance, reconnaissance, and target acquisition primarily employ these cameras to get enhanced operational effectiveness, especially during lowlight conditions. Rising geopolitical tension and continued increase in defence budgets within many countries have led to substantial demand for advanced infrared imaging systems. The U.S. Department of Defence, military infrared imaging Department of Defence is expected to grow a CAGR of 10.3% through the next years emerging as a robust focus on modernization initiatives by armed forces across the world. Apart from this, the total market in infrared imaging was estimated to reach almost USD 9.6 billion in 2028, showing that it is growing expansively into the industrial, automotive, and consumer electronic sectors.
Key Drivers:
Rising Demand for Infrared Thermography from Defence Sector to Drive Market Growth
Most of the surveillance and targeting missions take place at night and therefore, research and development on military and defence highly focus on IR wavelengths. The military uses infrared technology through applications such as night vision goggles, missile guidance systems, and aerial Forward Looking Infrared (FLIR) scanners. The growing military and defence markets for infrared imaging technology will spur the global infrared imaging market in the years to come.
For example, LightPath Technologies, Inc., a US-based company manufacturing optical and infrared specialty products, has won a contract worth USD 2.5 million to provide advanced infrared optics for one of the world's most critical military programs. The program under question employs the state-of-the-art optics provided by the company in infrared imaging and threat detection, which further speaks to its importance to all the arms of the U.S. military. Additionally, L3Harris Technologies has constructed a new cutting-edge facility worth USD 110 million in Waterdown, Ontario, Canada, to meet the surge in demand for its electro-optical and infrared imaging technologies of WESCAM MX-Series. These are intelligence, surveillance, reconnaissance, and target acquisition systems intended to be operated on different air, land, and sea platforms and, hence underpin the increasing application of advanced IR imaging technologies in military activities.
Restrain:
High Initial Investment and Research & Development Costs May Hamper Market Growth
The main challenges to the infrared imaging market are high initial investments and R&D costs associated with infrared thermography technologies. The massive capital outlays required to acquire good-quality IR imaging equipment can be discouraging for most of the would-be users, the SMEs in particular. High-performance infrared cameras and sensors, extremely essential in allowing for accurate and reliable imaging of thermal scenes, cost very high, which limits its availability to a greater market. Thermal imaging cameras that have advanced abilities can range from USD 2,000 up to more than USD 30,000, depending on their specifications and capabilities. This financial restriction may prohibit SMEs from investing in infrared thermography systems that could stunt the market. In addition, more R&D is also required to enhance IR imaging technology in terms of resolution, sensitivity, and performance.
According to the U.S. Department of Defence, it claims that massive R&D investments are required to cope with growing requirements from technology and to sustain both defensive and commercial leadership. The higher prices of commodities could be due to increased research and development expenses and the infusion of new technology. Traditional cooled infrared detectors Traditional cooled infrared detectors are more sensitive and efficient compared to their uncooled peers; however, they cost much more. This means that these factors are going to restrain the market from growing during the forecasted period.
By Technology Type
The Uncooled Infrared Imaging segment is the dominant one in the infrared imaging market and is further estimated to grow at the highest CAGR of 6.71% during the forecast period 2024-2032. The advantages of this technology are its low cost, compactness, and user-friendliness, and it has many applications, such as security, surveillance, and monitoring of industrial sites.
The Cooled Infrared Imaging segment will also have a considerable market share. Cooled thermographic cameras include an image sensor with a cryogenic cooler incorporated into it that reduces the temperature of the sensor to cryogenic temperatures. It is also important to reduce the sensor temperature since this yields a reduction of heat-induced noise to a point below that of the captured scene signal. The growing need for thermal imaging to enhance CCTV environments will further boost growth in this segment.
By Wavelength Type
This LWIR segment is an area market leader and expected to grow immensely with a 32% market share in the forecast period, given the widespread usage of surveillance, homeland security, object detection, and other scientific & industrial applications. Long-Wave Infrared, commonly abbreviated as LWIR, is a subset of the infrared band in the electromagnetic spectrum covering a wavelength range of 8 to 14 microns.
The SWIR segment is also forecasted to have the highest CAGR in the estimated period of 2024 to 2032, mainly because the quality control and product inspection technologies are further gaining traction. It falls into a wavelength range of 1.4 to 3 microns; therefore, SWIR imaging is also a plus in itself as it works outside the visible spectrum and thus offers better imaging, especially in challenging environments.
Regional Analysis
North America led with 36% of the market share. Growth is in response to several major OEMs being located in this region and the mergers that are continuously happening. For Instance, Teledyne Technologies Incorporated, an American company whose focus has been making digital imaging products and instrumentation, concluded the acquisition of FLIR Systems in a deal worth approximately USD 8.2 billion. This acquisition further enhanced the capabilities and geographical presence of Teledyne in the North American market. FLIR Systems, Inc. is a U.S.-based company that designs and manufactures thermal imaging cameras and sensors.
Asia Pacific is one of the biggest markets in the infrared camera market. It is also likely to be the most rapidly growing region in terms of market share during the forecast period. The growth is highly rapid due to large-scale industrialization and rapid infrastructure development. China, Japan, India, and South Korea are among the biggest countries driving up demand for infrared cameras across the manufacturing and construction industries.
According to the Stockholm International Peace Research Institute, military expenditure in Asia has increased. Examples include China and India, which are the world's biggest military spenders. USA was for the first time in 25 years the largest arms supplier to Asia and Oceania. The USA still had the highest share of the states' arms imports in the region with 34 percent compared to Russia's 19 percent and China's 13 percent. India was the world's largest arms importer. Its arms imports grew by 4.7 percent between 2014–18 and 2019–23. Russia remained India's largest supplier of arms: even if it accounted for only 36 percent of India's imports in these five years, it was the first time since 1960–64 that sales from Russia (or the Soviet Union before 1991) had totalled less than half of India's arms imports.
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Some of the major players in the Infrared Imaging Market are:
FLIR Systems Inc. (FLIR One, FLIR T-Series)
Raytheon Technologies Corporation (AN/AAS-52 Infrared Targeting System, FLIR Systems)
Leonardo S.p.A. (Gabbiano TS, Mira)
L3Harris Technologies, Inc. (MX-Series, WESCAM)
Thales Group (Ground Master Radar, RBE2 Radar)
Northrop Grumman Corporation (AN/AAQ-28(V) LITENING Pod, Firebird)
Bae Systems (A-10 Warthog Infrared System, Infrared Imaging Systems)
Teledyne Technologies Incorporated (Teledyne FLIR, Teledyne Imaging)
Opgal Optronic Industries Ltd. (ThermoVision, SkyWatcher)
HGH Systèmes Infrarouges (SPYNEL, CYCLOPE)
Optics 1, Inc. (Infrared Night Vision Devices, MMR)
Sierra-Olympic Technologies, Inc. (VisiSight, Viper HD)
Wavelength Opto-Electronic (QWIP, LWIR Imaging Systems)
San Juan Optics, LLC (Products: Custom Infrared Optics, Imaging Systems)
SensIR Technologies (Portable Infrared Cameras, IR Thermometers)
Raptor Scientific (High-Performance Infrared Cameras, Spectral Imaging Systems)
AeroVironment, Inc. (Raven, Puma 3)
Mikron Infrared (MI Series Infrared Thermometers, NIR Systems)
Inframetrics, Inc. (IR Windows, Thermal Imaging Cameras)
Sierra Instruments (Infrared Analyzers, Gas Analyzers)
In October 2024, Apple announced plans to begin mass production of its new AirPods, featuring an infrared (IR) camera sensor, in 2026. The integration of this technology aims to enhance spatial audio experiences and enable gesture controls. Analyst Ming-Chi Kuo reported that the IR cameras would allow for "in-air gestures" and better interaction with the Apple Vision Pro headset, further improving user experience. This innovation marks a significant advancement in Apple's wearable technology strategy.
In June 2024, ISRO initiated a mission focused on enhancing high-resolution thermal imaging technologies for climate and resource management. This project aims to improve the accuracy of environmental monitoring and assessment, allowing for better management of resources and responses to climate change. The advancements are expected to support various applications, including agriculture, forestry, and urban planning, ultimately aiding in sustainable development efforts.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 7.03 Billion |
Market Size by 2032 | US$ 12.36 Billion |
CAGR | CAGR of 6.5 % From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Vertical Type (Aerospace & Defense, Automotive, Healthcare, Industrial, Others) • By Application Type (Security & Surveillance, Monitoring & Inspection, Detection) • By Wavelength Type (Near-Infrared, Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR), Long-Wave Infrared (LWIR), Others) • By Technology Type (Cooled Infrared Imaging, Uncooled Infrared Imaging) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | FLIR Systems, Inc., Raytheon Technologies Corporation, Leonardo S.p.A., L3Harris Technologies, Inc., Thales Group, Northrop Grumman Corporation, Bae Systems, Teledyne Technologies Incorporated, Opgal Optronic Industries Ltd., HGH Systèmes Infrarouges, Optics 1, Inc., Sierra-Olympic Technologies, Inc., Wavelength Opto-Electronic, San Juan Optics, LLC, SensIR Technologies, Raptor Scientific AeroVironment, Inc., Mikron Infrared, Inframetrics, Inc., Sierra Instruments |
Key Drivers | • Rising Demand for Infrared Thermography from Defence Sector to Drive Market Growth |
Restraints | • High Initial Investment and Research & Development Costs May Hamper Market Growth |
Ans: The Infrared Imaging Market is expected to grow at a CAGR of 6.5% during 2024-2032.
Ans: The Infrared Imaging Market size was USD 7.03 billion in 2023 and is expected to Reach USD 12.36 billion by 2032.
Ans: The major growth factor of the Infrared Imaging Market is the increasing demand for non-contact temperature measurement solutions across various industries and sectors.
Ans: The Long-Wave Infrared (LWIR) dominated the Infrared Imaging Market.
Ans: North America dominated the Infrared Imaging Market in 2023.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Wafer Production Volumes, by Region (2023)
5.2 Chip Design Trends (Historic and Future)
5.3 Fab Capacity Utilization (2023)
5.4 Supply Chain Metrics
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Infrared Imaging Market Segmentation, By Vertical Type
7.1 Chapter Overview
7.2 Aerospace & Defense
7.2.1 Aerospace & Defense Market Trends Analysis (2020-2032)
7.2.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Automotive
7.3.1 Automotive Market Trends Analysis (2020-2032)
7.3.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Healthcare
7.4.1 Healthcare Market Trends Analysis (2020-2032)
7.4.2 Healthcare Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Industrial
7.5.1 Industrial Market Trends Analysis (2020-2032)
7.5.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 others
7.6.1 others Market Trends Analysis (2020-2032)
7.6.2 others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Infrared Imaging Market Segmentation, By Application Type
8.1 Chapter Overview
8.2 Security & Surveillance
8.2.1 Security & Surveillance Market Trends Analysis (2020-2032)
8.2.2 Security & Surveillance Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Monitoring & Inspection
8.3.1 Monitoring & Inspection Market Trends Analysis (2020-2032)
8.3.2 Monitoring & Inspection Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Detection
8.4.1 Detection Market Trends Analysis (2020-2032)
8.4.2 Detection Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Infrared Imaging Market Segmentation, By Wavelength Type
9.1 Chapter Overview
9.2 Near-Infrared
9.2.1 Near-Infrared Market Trends Analysis (2020-2032)
9.2.2 Near-Infrared Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Short-Wave Infrared (SWIR)
9.3.1 Short-Wave Infrared (SWIR) Market Trends Analysis (2020-2032)
9.3.2 Short-Wave Infrared (SWIR) Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Mid-Wave Infrared (MWIR)
9.4.1 Mid-Wave Infrared (MWIR) Market Trends Analysis (2020-2032)
9.4.2 Mid-Wave Infrared (MWIR) Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Long-Wave Infrared (LWIR)
9.5.1 Long-Wave Infrared (LWIR) Market Trends Analysis (2020-2032)
9.5.2 Long-Wave Infrared (LWIR) Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Others
9.6.1 Others Market Trends Analysis (2020-2032)
9.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Infrared Imaging Market Segmentation, By Technology Type
10.1 Chapter Overview
10.2 Cooled Infrared Imaging
10.2.1 Cooled Infrared Imaging Market Trends Analysis (2020-2032)
10.2.2 Cooled Infrared Imaging Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Uncooled Infrared Imaging
10.3.1 Uncooled Infrared Imaging Market Trends Analysis (2020-2032)
10.3.2 Uncooled Infrared Imaging Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Infrared Imaging Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.2.4 North America Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.2.5 North America Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.2.6 North America Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.2.7.2 USA Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.2.7.3 USA Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.2.7.4 USA Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.2.8.2 Canada Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.2.8.3 Canada Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.2.8.4 Canada Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.2.9.2 Mexico Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.2.9.3 Mexico Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.2.9.4 Mexico Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Infrared Imaging Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.1.7.2 Poland Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.1.7.3 Poland Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.1.7.4 Poland Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.1.8.2 Romania Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.1.8.3 Romania Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.1.8.4 Romania Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.1.9.2 Hungary Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.1.9.3 Hungary Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.1.9.4 Hungary Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.1.10 Turkey
11.3.1.10.1 Turkey Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.1.10.2 Turkey Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.1.10.3 Turkey Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.1.10.4 Turkey Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Infrared Imaging Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.4 Western Europe Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.5 Western Europe Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.6 Western Europe Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.7.2 Germany Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.7.3 Germany Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.7.4 Germany Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.8.2 France Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.8.3 France Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.8.4 France Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.9.2 UK Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.9.3 UK Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.9.4 UK Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.10.2 Italy Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.10.3 Italy Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.10.4 Italy Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.11.2 Spain Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.11.3 Spain Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.11.4 Spain Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.14.2 Austria Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.14.3 Austria Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.14.4 Austria Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Infrared Imaging Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.4.4 Asia Pacific Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.4.5 Asia Pacific Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.4.6 Asia Pacific Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.4.7.2 China Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.4.7.3 China Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.4.7.4 China Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.4.8.2 India Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.4.8.3 India Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.4.8.4 India Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.4.9.2 Japan Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.4.9.3 Japan Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.4.9.4 Japan Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.4.10.2 South Korea Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.4.10.3 South Korea Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.4.10.4 South Korea Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.4.11.2 Vietnam Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.4.11.3 Vietnam Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.4.11.4 Vietnam Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.4.12.2 Singapore Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.4.12.3 Singapore Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.4.12.4 Singapore Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.4.13.2 Australia Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.4.13.3 Australia Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.4.13.4 Australia Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Infrared Imaging Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.1.4 Middle East Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.1.5 Middle East Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.1.6 Middle East Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.1.7.2 UAE Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.1.7.3 UAE Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.1.7.4 UAE Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.1.8.2 Egypt Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.1.8.3 Egypt Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.1.8.4 Egypt Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.1.10.2 Qatar Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.1.10.3 Qatar Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.1.10.4 Qatar Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Infrared Imaging Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.2.4 Africa Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.2.5 Africa Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.2.6 Africa Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.2.7.2 South Africa Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.2.7.3 South Africa Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.2.7.4 South Africa Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Africa Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Infrared Imaging Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.6.4 Latin America Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.6.5 Latin America Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.6.6 Latin America Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.6.7.2 Brazil Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.6.7.3 Brazil Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.6.7.4 Brazil Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.6.8.2 Argentina Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.6.8.3 Argentina Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.6.8.4 Argentina Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.6.9.2 Colombia Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.6.9.3 Colombia Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.6.9.4 Colombia Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Infrared Imaging Market Estimates and Forecasts, By Vertical Type (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America Infrared Imaging Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America Infrared Imaging Market Estimates and Forecasts, By Wavelength Type (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America Infrared Imaging Market Estimates and Forecasts, By Technology Type (2020-2032) (USD Billion)
12. Company Profiles
12.1 FLIR Systems Inc.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Raytheon
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Leonardo S.p.A.
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 L3Harris Technologies
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 Thales Group
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Bae Systems
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Teledyne Technologies
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 AeroVironment, Inc.
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Wavelength Opto-Electronic
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Sierra Instruments
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Vertical Type
Aerospace & Defense
Automotive
Healthcare
Industrial
Others
By Application Type
Security & Surveillance
Monitoring & Inspection
Detection
By Wavelength Type
Near-Infrared
Short-Wave Infrared (SWIR)
Mid-Wave Infrared (MWIR)
Long-Wave Infrared (LWIR)
Others
By Technology Type
Cooled Infrared Imaging
Uncooled Infrared Imaging
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Rest of Western Europe
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Rest of Asia Pacific
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Rest of the Middle East
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
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Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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