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Infrared Imaging is the technologically advanced device used to produce images that are invisible through a naked eye. This technology operates at an electromagnetic spectrum of 9,000 to 14,000 nanometers (nm). The imaging devices are possessing infrared illuminator lasers along with LEDs for illumination purpose. Infrared imaging is widely used in airports during the eruption of the epidemics, which include swine flu, severe acute respiratory syndrome, and ebola to recognize and identify the passengers with high body temperatures.
Key Market Driver -
• Increasing Adoption of Infrared Cameras in Quality Control and Inspection Application
Key Market Restraint -
• Stringent Import and Export Regulations
An increase in adoption of infrared imaging for security and surveillance application drive the market growth. Moreover, the high popularity of uncooled infrared cameras anticipated to boost the market. The penetration of infrared cameras in the consumer electronics industry and growth opportunities in the Asia Pacific emerging countries are the upcoming opportunities for the market. However, the high cost of infrared cameras is the main factor affecting the market growth.
By technology, the market segmented into cooled infrared imaging and uncooled infrared imaging. Based on the wavelength, the market segmented into near-infrared, shortwave infrared, mid-wave infrared, and long-wave infrared. Based on the application, the market categorized into security and surveillance, monitoring and inspection, and detection. Based on the vertical, the market is segmented into industrial and nonindustrial. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Major key players that are present in the global infrared imaging market are Cox (South Korea), C-THERMAL (Austria), DALI Technology (China), FLIR Systems, Inc. (The U.S.), Fluke (The U.S.), Sensors Unlimited (The U.S.), Episenorsa (Ireland), IRCameras LLC (The U.S.), L3Harris Technologies, Inc. (The U.S.), Princeton Instruments, Inc. (The U.S.), Raptor Photonics (The U.K.), Tonbo Imaging (The U.S.), and among others.
The infrared imaging market is analyzed across four major regions North America, Europe, Asia Pacific, and Rest of the World. At present, North America holds the largest share in the infrared imaging market owing to the presence of key players in the U.S. such as IRCameras LLC, L3Harris Technologies, Inc., Princeton Instruments, Inc., and Tonbo Imaging.
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Asia Pacific estimated to capture a significant market share during the forecast period. This growth is attributed to the increasing demand for infrared imaging technology from the defense sector. In Europe, technological advancements in infrared imaging technology with low-cost price are opening up new gateways for the growth of the market. In the Rest of the World, increasing the use of infrared cameras for surveillance, and industrial imaging in South America and Middle East & Africa is propelling the market.
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