IR imaging market on the rise

A new market research report on infrared imaging forecasts that the market is expected to grow at a CAGR of 6.50% from 2014 to 2020, and reach $8,450 million by 2020. The new report from Marketsandmarkets, headquartered in Dallas, Texas, is entitled, “Infrared Imaging Market by Component (IR Lens System, IR Detector, and Other Components), Technology (Cooled, Uncooled), wavelength (Short, Medium, Long Infrared), Application and Geography – Analysis & Forecast to 2014 – 2020″.

Research analysts suggest that the recent innovations in the IR industry have helped in increasing reliability, reducing costs, and enabling non-contact IR sensors to offer mobile and smaller units of measurements. Uncooled IR detectors which dominate the IR market have led to significant technology advancements in the IR imaging industry. Based on different technologies and wavelengths, the IR products are available with improved reliability, better manufacturability, and affordable costs. This has resulted into a wide utilisation of these products in many industry verticals.

The report covers the ‘Global Infrared Imaging market’ and all its market aspects such as future opportunities, drivers, and restraints in detail. IR imaging is a growing market, which includes major types of IR components such as IR lens system, IR detector, IR sensor, and other mechanical components. In this report, the overall IR imaging market is divided into five major segments component types, technologies, wavelengths, applications, and geography. Technologies include cooled and uncooled and the wavelengths considered are short wavelength, medium wavelength, and long wavelength; applications of IR imaging in sectors such as consumer electronics, surveillance, aerospace and defense, automotive, industrial, medical, and firefighting have also been discussed in detail in this report.

The geographic split of the IR imaging market is included in the report. The overall market is divided into four major geographic segments- The Americas, Europe, Asia-Pacific, and Rest of the World. The Americas is considered to be the leader in the overall IR imaging market.