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Wednesday, October 25, 2023

Global Infrared Imaging Market is Anticipated to Grow at a CAGR of 7.1% during 2024 to 2030

The future of the global infrared imaging market looks promising with opportunities in the security and surveillance, monitoring and inspection, condition monitoring, and structural health monitoring applications. The global infrared imaging market is expected to reach an estimated $10.4 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are increasing demand for surveillance and security, growing adoption of industrial automation, and rising use of thermal imaging in healthcare.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the infrared imaging market by wavelength (near infrared, short-wave infrared, mid-wave infrared, and long-wave infrared), technology (cooled and uncooled), application (security and surveillance, monitoring and inspection, condition monitoring, structural health monitoring, and others), end use industry (automotive, military and defense, healthcare, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, near infrared, short-wave infrared, mid-wave infrared, and long-wave infrared are the major segments of infrared imaging market by wavelength. Lucintel forecasts that long-wave infrared will remain the largest segment due to its growing demand from night vision and surveillance applications particularly in aerospace and defense industry.

Within this market, security and surveillance is expected to witness highest growth over the forecast period.

North America will remain the largest region due to increasing demand for infrared imaging systems among various end use industries, such as aerospace and defense, automotive, and healthcare sector of the region.

Teledyne FLIR, Fluke, Raytheon Technologies, Leonardo, Axis Communications, L3Harris Technologies, Xenics, Zhejiang Dali Technology, OPGAL Optronics, and Allied Vision Technologies are the major suppliers in the infrared imaging market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email
roy.almaguer@lucintel.com
Tel. 972.636.5056

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