Do. Mrz 28th, 2024

According to the new market research report by IndustryARC titled “Infrared Imaging Market”: By Technology (Cooled, Uncooled); By Component (IR Lens, Sensor, IR Detector & Others); By Wavelength (SWIR, MWIR and LWIR); By Application (Consumer Electronics, Aerospace, Automotive & Others) & By Geography-Forecast (2018-2024) “, the market size is accounted for $9.7 billion in 2024 by growing at a CAGR of 7.88% during the forecast period.
Conventional infrared imaging system market comprises of 80% market share and is expected to witness the highest growth during the forecast period i.e. 2018 to 2024. In terms of security, thermal imaging is gaining huge traction from different industry verticals such as defense, firefighting, automotive, aerospace among others; this is mainly because of its capability to improve the visibility in dark environment. According to IndustryARC analysis, Thermal imaging technology will play a vital role in driving infrared imaging market.

America continues to lead the market share during 2018-2024.
The Asia Pacific has witnessed significant growth in the Infrared Imaging market, with a share of 29% in 2017 and is projected to reach$31.56billion by 2024 due to the increasing adoption of infrared imaging devices, owing to the growing safety concerns of employees as well as enterprise infrastructure from hazards. The estimation for North American region will gain significant market shares.e. 35% by the end of 2024. The market is seen to be increasing due to higher adoption of surveillance activities, accident investigation, locating evidence and for tactical teams in the military.A large share of revenue comes from defense and electronics, whereas other industries are increasingly adopting these systems in various end-user industries such as oil & gas, mining, and production plants, as new applications are being developed.
Selected Application Analysis was done in the full Report:
Uncooled infrared imaging technology in the application segment is anticipated to dominate the market, owing to its less expensive feature and long duration of operation compared to cooled IR technology. The surveillance segment is expected to be dominant among all the applications, due to the growing demand for high security at home, Industries etc.
In medical treatments,near-infrared imaging market has indicated future growth. This is attributed to the continuous advancement in the near infrared imaging devices along with the detection of cancer and its characterization, as well as the increasing rate of cancer patients. Whereas, factors such as high cost of infrared detectors and high availability of other imaging techniques restrains the growth of the market.

To access/purchase the full report browse the link below:

https://industryarc.com/Report/15727/infrared-imaging-market.html
Excerpts on Market Growth factors:

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