Cooled Infrared Imaging Market- Forecast (2018-2023)
Posted by Venkatesh on October 11th, 2018
In the Report “Cooled Infrared Imaging Market: By Spectrum Ranges (Short, Mid, Long, Far Wave IR); By Focal Plane Arrays (Indium Antimonide (InSb) FPAs, Others); By Industry Verticals (Industrial, Medical, Commercial, Others); By Geography - (2018-2023)” published by IndustryARC, the market is driven by the demand for low-priced, high resolution thermal imaging systems that are more affordable and practical, which is driving manufacturers to introduce new innovations into their products to stand out from their competitors.
Presently America dominates and APAC foreseen to lead in the Cooled Infrared Imaging Market
Going on to data, America reportedly generated revenue of 04.2 million for the year 2017, and is expected to grow at a CAGR of 4.32%, amounting to revenue of 82.82 million by 2023, because of growing use of IR imaging technology in thermal camera sensor of conveyor systems, couplings, insulation integrity, hydraulic systems, piping systems, process equipment air transport systems, HVAC heating and cooling airs, etc. There are several technological advancements going on in America, and due to the growing demand, various developments are taking place in IR images, carried out by the leading manufacturers of infrared camera in America.Asia Pacific and Europe generated revenues of 45.65 million and06.05 million, respectively, for 2017.The growing demand for advancements in security equipment in various other sectors will help the market to grow at a higher growth rate of 13.97% and 9.17%, and revenues amounting to 55.65 million and 90.23 million, respectively by 2023.In the coming years,Asia-Pacific will be seen as the region to gain highest amount of revenue due to the increasingly growing demand in the field of IR Imaging technology.
Selected Spectrum Range Analysis done in the Cooled Infrared Imaging Market Report:
IR imaging market is the fastest and largest growing market,in terms of shipment and technology. The overall market is expected to increase as the demand for consumer electronics applications is slated to be high in the coming years. The value of short wave IR market value is estimated to be $ 392.52 million by 2023, with a growing CAGR of 7.84%, this is mainly due to low cost and wide application range. Also, with the entry of new products with advanced technologies and developments, these products are finding wide range of application in various areas. The value of mid wave IR market is expected to grow fast, which is due to new launches and technical developments. Zafiro640 introduced by DRS technologies has significant competitive edge in the market space.Far wave IR is seen to grow at the lowest CAGR of 4.08%, but wide applications in various fields and upcoming research will help the Far Wave IR to grow steadily.
To access / purchase the Cooled Infrared Imaging Market report browse the link below
Excerpts on Cooled Infrared Imaging Market Growth Factors
• The advances in technology have led to the production of cost-effective innovations in the market that are more useful and affordable to a wide customer base.The significant amount each company is spending to improve its product portfolio will significantly drive the use of IR imaging cameras across various industries, as new features like motion detection and cloud-based video solutions like Axis Video Hosting System (AVHS), are being added to existing products.
Key players of the Cooled Infrared Imaging Market
Top companies that hold major market share are FLIR Systems, Testo AG, Fluke, NEC Avio, Wuhuan Guide Infrared Co., Ltd, and others. FLIR Systems is the top company with a highest figure of market share, followed by Testo AG. The research says FLIR will remain the market leader for thermographic cameraapplications during the forecast period. The top companies in vision enhancement, are Axis Communications AB, Samsung Techwin, Pelco and Bosch Security Systems. In camera systems in the security arena, Axis Communications AB is expected to perform better in the future and capture a larger market share.
Cooled Infrared Imaging Market report is segmented as below
A. Cooled IR Imaging Market by Spectrum Ranges
1. Short Wave IR (SWIR)
B. Cooled Infrared Imaging Market by Focal Plane Arrays (FPAs)
1. Mercury Cadmium Telluride (HgCdTe) FPAs
C. Cooled IR Imaging Market by Industry Verticals
D. Cooled Infrared Imaging Market by Geography (covers 10+ countries)
Companies Cited / Interviewed
What can you expect from the report?
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
Like it? Share it!
About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
More by this author