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Uncooled Infrared Imaging Market Trends, Share, Forecast, Overview and Analysis by 2028

September 6, 2021

The global uncooled infrared imaging market is expected to reach a market size of USD 10,29 Billion at a steady CAGR of 7.3% in 2028, according to latest analysis by Emergen Research. The report provides detailed insights into uncooled infrared imaging market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in uncooled infrared imaging market size over the forecast period, 2020–2028. The Infrared Imaging report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of uncooled infrared imaging market share contribution of these countries. In addition, uncooled infrared imaging market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries. Infrared surveillance cameras find widespread application in law enforcement and military applications, and at large corporations to safeguard property and employees.

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Varying market trends can be attributed to inclining revenue growth of the global uncooled infrared imaging market going ahead. uncooled infrared imaging market trends include rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition. Other positive uncooled infrared imaging market trends include rising demand and deployment in respective sectors/industries in major and developing countries. Increasing demand for infrared imaging can be attributed to its growing use in security and surveillance. In addition, implementation of favorable government policies, advancements in technology, and steady economic growth across various regions and countries are factors expected to continue to result in further uncooled infrared imaging market trend evolution and changes going ahead. In addition, during night infrared illumination allows security cameras to provide high-resolution security and surveillance videos with almost zero image noise, and is an essential requirement for lower bit rate, enhanced image compression, and low storage needs.

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In terms of uncooled infrared imaging market share and revenue contribution to the global uncooled infrared imaging market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in uncooled infrared imaging market share.

The market intelligence report on the Infrared Imaging Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Key Highlights of Report

In September 2020, Xenics launched an innovative shutter-less uncooled low wavelength infrared core, Dione 640, for safety and security, industrial, and medical applications.
The cooled infrared camera is used to detect small differences in temperature for longer durations compared to uncooled infrared camera. Cooled infrared camera delivers enhanced details in the image and assists in identifying even the slightest thermal anomaly. Besides, a significant benefit of cooled infrared cameras is in performing spectral filtering to reveal details for measurement purposes that cannot be done with uncooled infrared cameras.
In the US, about 75.0% of pedestrian mortalities occur during nighttime. Infrared cameras play an instrumental role in detection and classification of pedestrians in darkness, even in the presence of fog or sun glare. These cameras provide improved situational awareness resulting in development of more reliable and safe advanced driver assistance systems and autonomous vehicles.
uncooled infrared imaging market revenue in Asia Pacific is projected to register fastest revenue CAGR over 2024–2028 due to increasing growth of automotive, electronics and semiconductors, and food and beverages industries. Also, rising demand for early disease diagnosis and presence of a large patient base is driving market growth in the region.
Key players in the market include Leonardo DRS, Xenics NV, Lynred, FLIR Systems, Axis Communications, Opgal Optronics Industries Ltd., Allied Vision Technologies GmbH, Sensors Unlimited, IRCameras LLC, and Fluke.

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Region wise performance of the Infrared Imaging industry

North America uncooled infrared imaging market trend scenario has significant impact on other regional market trends. North America uncooled infrared imaging market accounted for largest revenue share in 2020 and is expected to continue to maintain its dominance over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall uncooled infrared imaging market trends.

Asia Pacific uncooled infrared imaging market is expected to register comparatively faster revenue growth than other regional markets over the forecast period. This can be attributed to varying uncooled infrared imaging market trend scenarios in countries such as China, India, South Korea, and others. These scenarios with regard to domestic market trends and international market trends and varying impacts play a major role in growth of the Asia Pacific market.

Asia Pacific market share contribution to the global uncooled infrared imaging market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Increasing population, favorable government policies and initiatives, rising disposable income among consumers in countries in the region, influence of uncooled infrared imaging market trends in other countries and regions, and steady economic growth are some key factors driving market revenue growth of the Asia Pacific uncooled infrared imaging market.

Europe uncooled infrared imaging market size and revenue growth is primarily supported by uncooled infrared imaging market trends such as continuous developments in major countries in the region, robust focus on research and development initiatives by major firms, and changing market trends in countries in other major regions.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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The research provides answers to the following key questions:

What will be the growth rate and the market size of the Infrared Imaging industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the uncooled infrared imaging market across different regions?
Who are the major driving forces expected to decide the fate of the Infrared Imaging industry worldwide?
Who are the prominent market players making a mark in the uncooled infrared imaging market with their winning strategies?
Which Infrared Imaging industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the uncooled infrared imaging market?

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