Security and surveillance application to dominate infrared imaging market during forecast period

On the basis of applications, security and surveillance is currently leading the infrared imaging market. It will continue to dominate the market during the forecast period. The ability of infrared imaging products to enhance visibility even in restricted visibility conditions, such as complete darkness and bad weather conditions, has led to their wide adoption for the security and surveillance application.

High demand for infrared imaging products from the nonindustrial vertical is one of the major factors driving the growth of the market. Moreover, increasing demand for infrared imaging cameras from APAC and rise in the penetration of SWIR cameras are expected to considerably boost the infrared imaging market in the coming years. The objective of the report is to define, describe, and forecast the market size based on technology, wavelength, application, vertical, and region.

Infrared Imaging Market by wavelength, SWIR segment is expected to grow at highest CAGR during forecast period

The market for SWIR products is expected to witness significant growth during the forecast period. The major applications of line scan cameras are in the industrial vertical. Surveillance, moisture detection, spectroscopy, high-temperature thermography, semiconductor inspection, scientific research, and art inspection are some of the common applications of SWIR cameras. Currently, the price of SWIR cameras is higher than most MWIR, LWIR, and NIR cameras, which has restricted their wide-scale adoption. However, owing to technological advancements and efforts made by SWIR camera manufacturers to launch low-priced SWIR cameras, the price of these cameras is expected to decrease in the near future.

Infrared Imaging Market by technology, uncooled segment to account for largest market share during forecast period

In this report, the infrared imaging market, by technology, has been segmented into cooled and uncooled. Among the two, uncooled segment is expected to hold a larger share of the market throughout the forecast period. The dominant position of this segment can be attributed to the high demand for uncooled infrared imaging cameras owing to their low cost compared with cooled infrared imaging cameras. Security & surveillance is the major application area for which uncooled infrared imaging cameras are used in the market.

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APAC to witness highest growth rate during forecast period in Infrared Imaging Market

APAC is expected to witness highest CAGR in the infrared imaging market during the forecast period. China, Japan, and India are some of the major countries driving the growth of the market in APAC. North America is expected to account for the largest share of market during the forecast period. The market in this region is also expected to witness significant growth during the forecast period.

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