DUBLIN--(BUSINESS WIRE)--The "Infrared Imaging Market by Technology (Cooled Infrared Imaging and Uncooled Infrared Imaging), Wavelength (Near Infrared, Shortwave Infrared, Mid-wave Infrared, and Long-wave Infrared), Application, Vertical, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The infrared imaging market is expected to grow at a CAGR of 7.18% between 2018 and 2023, to reach USD 7.30 billion by 2023 from USD 5.16 billion in 2018.
High demand for infrared imaging products in the security and surveillance application, especially from the nonindustrial vertical, is one of the major factors fueling the growth of this market. One of the major factors restraining the growth of this market is the high price of infrared imaging cameras.
The market for shortwave infrared (SWIR) is expected to witness significant growth during the forecast period. Currently, the price of SWIR cameras is higher than most MWIR, LWIR, and NIR cameras, which has restricted their wide-scale adoption. However, owing to technological advancements and efforts made by SWIR camera manufacturers to launch low-priced SWIR cameras, the price of these cameras is expected to decrease in the near future. This factor is likely to increase the penetration of SWIR cameras.
The infrared imaging market for the industrial vertical is expected to witness significant growth during the forecast period. Growing demand for infrared imaging products for the monitoring and inspection application is one of the major factors fueling the growth of the infrared imaging market in the industrial vertical.
The infrared imaging market in APAC is expected to grow at the highest CAGR during the forecast period. China, Japan, and India are some of the major countries driving the growth of this market in APAC. High demand for infrared imaging products in security and surveillance, and monitoring and inspection applications in these countries is one of the major factors fueling the growth of the market.
- High Adoption in Security and Surveillance Application
- Increasing Adoption of Infrared Cameras in Quality Control and Inspection Application
- High Popularity of Uncooled Infrared Cameras
- Stringent Import and Export Regulations
- Growth Opportunities in APAC Emerging Countries
- Emerging Application Areas for SWIR Cameras
- Penetration of Infrared Cameras in Consumer Electronics Industry
- High Cost of Infrared Cameras
- Designing Highly Accurate Cameras
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Infrared Imaging Market, by Technology
7 Infrared Imaging Market, by Wavelength
8 Infrared Imaging Market, by Application
9 Infrared Imaging Market, by Vertical
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Allied Vision Technologies
- Axis Communications
- Dali Technology
- Flir Systems
- L3 Technologies
- Leonardo Drs
- New Imaging Technologies
- Opgal Optronic Industries
- Princeton Infrared Technologies
- Princeton Instruments
- Raptor Photonics
- Sensors Unlimited
- Tonbo Imaging
For more information about this report visit https://www.researchandmarkets.com/research/49gnls/global_infrared?w=4