IR and Thermal Imaging Systems Market – Growth, Trends And Forecast (2020 – 2024)
Infrared and thermal imaging technology enables users to detect objects or individuals in complete darkness, difficult and distinct conditions. Unlike the other methods, thermal imaging works in environments without any ambient light. Like near-infrared illumination, thermal imaging can penetrate obscurants such as smoke, fog, and haze.
The IR & Thermal Imaging Systems Market is expected to witness a CAGR of 7.35% during the forecast period (2019-2024).
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Top Companies in the Global IR and Thermal Imaging Systems Market:
Flir Systems, Inc., L-3 Communications Holdings, ULIS, Lockheed Martin, Bae Systems plc, Leonardo DRS, Elbit Systems Ltd., Raytheon, Sofradir Group, Thermoteknix Systems Ltd among others.
Infrared and Thermal Imaging Systems have witnessed a paradigm shift in recent years, owing to their increasing use in military and defense applications.
– With global tensions ascending at a significant pace, countries to tackle global-political instabilities and to fortify their military power have been identified to invest heavily in IR and thermal imaging systems, driving the demand for these systems.
– With advancements in technologies, companies have miniaturized IR and thermal imaging sensors making them highly efficient and portable and increasing their ease of use. Handheld IR and thermal imaging systems are gaining traction for their portability, with this segment finding its applications in various industry verticals such as hospitals, saving repair times and heating costs.
– Lack of awareness about the emerging applications of the technology are expected to act as a restraint for this market.
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Key Market Trends:
Industrial Applications are Expected to Have a Major Market Share.
Thermal imaging has initiated the process of making substantial inroads into other types of applications such as uncooled microbolometer-based detectors. These sensors have a long wave infrared band from 7.5 to 14 m. Microbolometers are cheaper, smaller in size, lighter in weight; all these attributes while possessing immediate power-up capabilities, decreased power consumption, longer means the time between failures and are comparatively better than traditional bolometers.
The automotive industry uses thermal imaging as part of the safety system (E.g., identification of animals or humans on the road and warn the drivers before they encounter these potential hazards). Rear-view visibility systems (backup cameras) are now becoming mandatory on all new light vehicles sold in the US. With autonomous vehicles coming into the picture, this technology can facilitate the automatic breaking by distinguishing based on object size.
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Influence Of The IR and Thermal Imaging Systems Market Report:
-Comprehensive assessment of all opportunities and risk in the IR and Thermal Imaging Systems market.
-IR and Thermal Imaging Systems market recent innovations and major events.
-Detailed study of business strategies for growth of the IR and Thermal Imaging Systems market-leading players.
-Conclusive study about the growth plot of IR and Thermal Imaging Systems market for forthcoming years.
-In-depth understanding of IR and Thermal Imaging Systems market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital market latest trends striking the IR and Thermal Imaging Systems market.
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