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Home | Search Global IT News: IT News & Press Release Distribution: Infrared Imaging Market estimated to be worth $8.3 billion by 2025   (IT-NEWSWIRE.COM, October 14, 2021 ) According to the new market research report "Infrared Imaging Market with COVID-19 Impact Analysis by Technology (Cooled and Uncooled), Wavelength (Near Infrared, Shortwave Infrared, Mid-wave Infrared, and Long-wave Infrared), Application, Vertical, and Geography - Global Forecast to 2025", The infrared imaging market is expected to grow from USD 5.8 billion in 2020 to USD 8.3 billion by 2025; it is expected to grow at a CAGR of 7.6% from 2020 to 2025. The infrared imaging market has been witnessing significant growth over the years, mainly due to the high adoption of infrared imaging solutions in nonindustrial and industrial verticals in emerging use cases. However, the COVID-19 outbreak is likely to result in a decline in the growth rate of the infrared imaging market, especially in 2020 and 2021. This is because organizations in most of the major demand-generating verticals are currently, or were, non-operational in various countries, thereby negatively impacting the demand for infrared imaging products. The COVID-19 pandemic has also disrupted the supply chain of the infrared imaging market, thus hindering the manufacturing, distribution, and installation of infrared imaging solutions. Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=593 Uncooled segment to hold the largest share of the infrared imaging market, by technology, in 2020 Uncooled segment will lead the infrared imaging market, by technology, in terms of size, in 2020. Long-wave infrared cameras and near infrared cameras mostly employ uncooled detectors. These cameras are widely adopted in the security & surveillance application, which accounts for majority share of the infrared imaging market. This is one of the key factors that is expected to lead to the dominance of the uncooled segment in the infrared imaging market. The market for monitoring & inspection application to grow at the highest CAGR during the forecast period On the basis of application, the infrared imaging market has been broadly classified into three segments: security & surveillance, monitoring & inspection, and detection. Among these, the market for the monitoring & inspection application is expected to record the highest CAGR between 2020 and 2025. The rising demand for infrared imaging cameras for predictive maintenance is accelerating the growth of the infrared imaging market for the monitoring & inspection application. North America to hold the largest share of infrared imaging market by 2020 North America is expected to hold the largest share of the infrared imaging market by 2020. The US leads the market in North America owing to its well-established economy that encourages government and private investments in new technologies. Europe is expected to account for the second-largest share of the infrared imaging market during the forecast period. The UK and Germany are significant demand-generating countries for infrared imaging solutions in this region. A few key players operating in the infrared imaging market are FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), DALI Technology (China), Lynred (France), Axis Communications (Sweden), Xenics ((Belgium), Opgal Optronic Industries (Israel), and New Imaging Technologies (France). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 MarketsandMarkets™ Mr. Aashish Mehra 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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