The infrared imaging market is estimated to be worth USD 6.7 billion in 2023 and is projected to reach USD 9.6 billion by 2028, at a CAGR of 7.3% during the forecast period. Increased adoption of infrared imaging products in security & surveillance applications is a major factor driving the global growth of the infrared imaging market. Moreover, limitations associated with image resolution and sensitivity of infrared cameras are key restraints affecting the market growth.
Major Infrared
Imaging companies include:
·
Teledyne FLIR LLC (US),
·
Fluke Corporation (US),
·
Raytheon Technologies Corporation (US),
·
Leonardo DRS (US),
·
Axis Communications AB (Sweden),
·
L3Harris Technologies (US),
·
Inc, Xenics nv (Belgium),
·
Zhejiang Dali Technology Co.,Ltd. (China),
·
OPGAL Optronics Industries Ltd (Israel) and
·
Allied Vision Technologies GmbH (Germany).
The market players have adopted
various strategies such as the development of advanced products, partnerships,
collaborations, agreements, joint ventures, and acquisitions to strengthen
their position in the infrared imaging market. The organic and inorganic
strategies have helped the market players expand globally by providing advanced
solutions for infrared imaging.
Teledyne FLIR LLC (US)
Teledyne FLIR LLC is a subsidiary
of Teledyne Technologies Incorporated and specializes in designing, developing,
manufacturing, and marketing thermal imaging and sensing systems. Formerly
known as FLIR Systems, Inc., Teledyne FLIR is a global leader in infrared
imaging technology. Teledyne FLIR offers a diverse range of products and
solutions for various industries, including thermal cameras, thermal imaging
modules, thermal cores, and sensors.
Fluke Corporation (US)
Fluke Corporation is a renowned
manufacturer of infrared imaging cameras and thermal imaging solutions. Fluke
Corporation specializes in designing, developing, and manufacturing thermal
imaging cameras and solutions for professionals across industries. Their
infrared imaging products include thermal imaging cameras, handheld thermal
cameras, industrial imaging cameras, and infrared windows.
Raytheon Technologies
Corporation (US)
Raytheon Technologies is a
prominent industry leader specializing in infrared imaging, offering
state-of-the-art solutions to diverse industries. Their core strength lies in
designing, developing, and manufacturing advanced systems and components for
infrared imaging. Focusing on innovation and maintaining high quality
standards, Raytheon Technologies provides exceptional thermal imaging cameras,
sensors, and modules that enable accurate infrared radiation detection. These
cutting-edge technologies significantly enhance situational awareness, target
identification, and surveillance capabilities. With applications spanning
defense, aerospace, security, and industrial monitoring sectors, Raytheon
Technologies’ infrared imaging solutions are vital in improving safety,
operational efficiency, and effectiveness.
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