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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Infrared Imaging Technology market. Market segmentation includes Technology (Uncooled, Cooled); Application (Security & Surveillance, Monitoring & Inspection, and Detection); Vertical (Industrial, Non-Industrial).

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5 November 6:30 p.m., California- According to the new market research report, the global market for Infrared Imaging Technology is projected to grow at a CAGR of 6.3% reach US$7.5 Billion by 2027, driven by the rising demand from industrial and non-industrial applications, and availability of affordable priced infrared cameras. The global Infrared Imaging Technology market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Uncooled, one of the segments analyzed and sized in this study, is forecast to grow at over 6.6% and reach a market size of US$4.9 billion by the end of the analysis period. The United States is forecast to readjust to a 6.1% CAGR. Within Europe, the worst affected by the pandemic, Germany will reach a market size of US$357.2 million growing at a CAGR% of 6.1% over the next couple of years. In addition, over US$84.8 million worth of projected demand in the region will come from Rest of European markets. In Japan, the Uncooled segment will reach a market size of US$268 million by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Uncooled segment in this country against this backdrop will grow at a CAGR of 7.9% over the next couple of years to create an addressable market opportunity worth US$478 million by the year 2027.

Infrared (IR) imaging technology is a technique that uses heat or infrared radiations to detect objects or individuals. The global infrared imaging technology market is forecast to witness robust growth opportunities driven by growing demand from non-industrial sector, growing adoption in new end-use applications, technological advancements in IR imaging technology, rising adoption in security and surveillance applications, increasing availability of reasonably priced infrared cameras. Furthermore, rising demand for infrared imaging cameras in emerging economies and high penetration of SWIR cameras is poised to open up new avenues of growth in the upcoming years. Infrared imaging technology is extensively deployed extensive use in military and defense applications. Common applications include daily operations of critical surveillance, airborne homeland security, combat, patrol, surveillance, reconnaissance, and search and rescue programs. IR can also penetrate smoke and fog better than visible light, revealing objects or people that are normally obscured. IR imaging can be used as both a predictive and preventive tool, which makes it highly diverse. However, high cost of infrared imaging systems in comparison with substitute technologies, strict import and export regulations, and lack of awareness about the technology hamper market prospects.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 551. Among this pool, 112 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 22 unique participations, a total of 11 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
FLIR Systems, Inc.
Axis Communications AB
Fluke Corporation
Xenics NV
L3Harris Technologies, Inc.
Princeton Instruments, Inc.
Allied Vision Technologies GmbH
Leonardo DRS
New Imaging technologies
Princeton Infrared Technologies, Inc.
Raptor Photonics Limited

Segments Covered in the Report -
Technology (Uncooled, Cooled)
Application (Security & Surveillance, Monitoring & Inspection, Detection)
Vertical (Industrial, Non-Industrial)

Geographies Analyzed in the Report -
Rest of Europe
South Korea
Rest of Asia-Pacific
Latin America
Rest of Latin America
Middle East
Saudi Arabia
Rest of Middle East

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) ( is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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