Cooled IR imaging Market is $1.9 billion in 2017 and is estimated to surpass $6.65billion during 2018-2013 - PowerPoint PPT Presentation

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Cooled IR imaging Market is $1.9 billion in 2017 and is estimated to surpass $6.65billion during 2018-2013

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America reportedly generatedrevenue of $2204.2 million for the year 2017, and is expected to grow at a CAGR of 4.32%, amounting to revenue of $2882.82million by 2023, because of growing use of IR imaging technology in thermal camera – PowerPoint PPT presentation

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Title: Cooled IR imaging Market is $1.9 billion in 2017 and is estimated to surpass $6.65billion during 2018-2013


1
Cooled Infrared Imaging Market
Cooled IR imaging Market is 1.9 billion in 2017
and is estimated to surpass 6.65billion during
2018-2013 growing at a CAGR of 8.45.
2
America dominates and APAC foreseento lead in the
Cooled Infrared Imaging Market
  • America reportedly generated revenue of 2204.2
    million for the year 2017, and is expected to
    grow at a CAGR of 4.32, amounting to revenue of
    2882.82million by 2023, because of growing use
    of IR imaging technology in thermal camera sensor
    of conveyor systems, couplings, insulation
    integrity, hydraulic systems, piping systems,
    process equipment air transport systems, HVAC
    heating and cooling airs, etc.
  • Asia Pacific and Europe generated revenues of
    1745.65million and1306.05million, respectively,
    for 2017.The growing demand for advancements in
    security equipment in various other sectors will
    help the market to grow at a higher growth rate
    of 13.97 and 9.17, and revenues amounting to
    3655.65 million and 2190.23million,
    respectively by 2023.

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3
Selected Spectrum Range Analysis done in the full
Report
  • IR imaging market is the fastest and largest
    growing market, in terms of shipment and
    technology. The overall market is expected to
    increase as the demand for consumer electronics
    applications is slated to be high in the coming
    years. The value of short wave IR market value is
    estimated to be 392.52 million by 2023, with a
    growing CAGR of 7.84, this is mainly due to low
    cost and wide application range.

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4
Excerpts on Market Growth Factors
  • The advances in technology have led to the
    production of cost-effective innovations inthe
    market that are more useful and affordable to a
    wide customer base.The significant amount each
    company is spending to improve its product
    portfolio will significantlydrive the use of IR
    imaging cameras across various industries, as new
    features like motion detection and cloud-based
    video solutions like Axis Video Hosting System
    (AVHS), are being added to existing products.
  • The technological innovations are resulting in
    the reduction of size and cost of the end product
    as the product methods are evolving
    continuously.Specifically, adoption of low-cost
    imager and optic technologies, and the shift to
    high volume manufacturing are a few changes that
    are expected to bring down the manufacturing
    cost.The newer IR cameras are highly integrated,
    compact and cost-effective, and this will drive
    the market significantly.
  • Growing competition is another driver of thermal
    IR imaging market, which is forcing manufacturers
    to increase their manufacturing efficiency, and
    also resulting in the demand for technological
    innovations in the field of optics, sensor size,
    pyro electrics, thermopiles and many others.

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5
Key players of the Cooled Infrared Imaging Market
  • FLIR systems
  • Testo AG
  • Fluke
  • NEC avio
  • Wuhan guide infrared
  • Axis communication
  • Bullard
  • Bosch security

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6
You Can Customize the Report as Per Your Need.
We have included Some Customization Options
Analyst Briefing
Company Profile
Data Tables
Key Contacts
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7
About IndustryARC
  • IndustryARC is a research and consulting firm
    that publishes more than 500 reports annually in
    various industries, such as Agriculture,
    Automotive, Automation Instrumentation,
    Chemicals and Materials, Energy and Power,
    Electronics, Food Beverages, Information
    Technology, Life sciences Healthcare.
  • IndustryARC primarily focuses on Cutting Edge
    Technologies and Newer Applications of the
    Market. Our Custom Research Services are designed
    to provide insights on the constant flux in the
    global demand-supply gap of markets. Our strong
    analyst team enables us to meet the client
    research needs at a very quick speed with a
    variety of options for your business.

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