Press Release

Infrared and Thermal Imaging Systems Market2016 Global Industry Size, Demand, Growth Analysis, Share, Revenue, Manufacturers and Forecast 2022

End-user/Technology

The commercial sector mainly comprising of the security and surveillance, transportation sector, thermography, and other applications have wide usage of Infrared and thermal imaging systems. The integrated solutions for CCTV, smartphones and transportation have fuelled the demand for thermal imaging systems as it is the main technology adopted in those sectors. The implementation of thermographic cameras in the industrial applications is one of the driving factors of the Infrared and Thermal Imaging Systems Market.

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Market Dynamics:

The advancements in the defense technology and R&D had fuelled the growth of Infrared and Thermal imaging sensors. However, the market is highly dependent on the Governments\’ defense spending across worldwide. The highest thermal and geometrical resolutions introduced into a new product range with cooled and uncooled thermal imaging cameras are extensively used in defense application s. The wide acceptance of CCTV cameras across all industries also catered the demand for the Infrared and thermal imaging sensors. There is an increasing demand for smartphones that offers advanced technology to the users which catalyze the demand for Infrared and Thermal imaging systems

Market Segmentation

The market is split on the basis of:

Technology:

  • Cooled IR and thermal imaging system
  • Uncooled IR and thermal imaging system

Industry type:

  • Commercial Market
  • Military Market

Applications:

  • Transportation
  • Security and Surveillance
  • Thermography
  • Military vehicle vision
  • Soldier Portable vision
  • Unmanned vehicles

Regional/Geographic Analysis

The US having the highest defense spending country remains a crucial player in the Infrared and Thermal imaging markets. North America is expected to have the largest market share in the Infrared and Thermal imaging sensors markets but the annual growth rate is low when compared to other regions like the Middle East, or Asia-Pacific which is continuously showing tremendous growth in these markets.

Opportunities

The market throws up opportunities with respect to the advancements in technology used in defense, safety, and security systems. The increasing tensions in the Middle East, Africa, and South Asia complementing with the growing terrorism catalyzes the demand for Infrared and thermal imaging systems. Furthermore, high production of smartphones, increasing industrial applications on production safety and wider acceptance of closed-circuit Televisions offers more opportunities in the near future. There is a huge scope of R&D in these markets as the players are competing to provide low-cost compact systems in the military and commercial sectors.

Key Players

Leading companies in the Global safety Motion control market are FLIR Systems,Raytheon Company, DRS Technologies, BAE Systems, L-3 Communications, and others.

Regional Analysis:

  • North America
  • US and Canada
  • Latin America
  • Mexico, Brazil, Argentina and Rest of Latin America
  • Western Europe
  • EU5 (Germany, France, Italy, Spain, U.K.)
  • Nordic Countries (Denmark, Finland, Norway, and Sweden)
  • Benelux (Belgium, The Netherlands, and Luxembourg)
  • Rest of Western Europe
  • Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe
  • Asia Pacific
  • Chin
  • India
  • Japan
  • Australia and New Zealand
  • Rest of Asia Pacific
  • Middle East and Africa
  • GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
  • South Africa
  • North Africa
  • Rest of Middle East and Africa

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