The global infrared imaging software market is anticipated to grow at a CAGR of 8.5% during the forecast period (2022-2028). Infrared imaging software is used to manage and analyze infrared images or videos captured by thermal cameras. It improves decision-making for maintenance and surveillance applications in organizations. It also assists in the improved analysis of machinery and living beings. An infrared camera senses heat produced by objects and converts it into an electronic signal, which is then processed to produce a thermal image or video on which users can execute temperature calculations. The increase in the adoption of video surveillance, and the high use of infrared imaging in mobile phones are some of the factors that will drive the growth of the market. Additionally, the adoption of cloud-based infrared imaging software is a boosting factor for the growth of the market.
The market is segmented based on the type, application, and end-user. Based on the application the security and surveillance segment are expected to drive the market. Infrared cameras are widely adopted for security & surveillance applications as they provide visibility through fog and smoke and under any illumination conditions. Infrared cameras operating in the long-wave infrared and near-infrared range are the most favored for surveillance & security applications.
Some major players in the market include Teledyne FLIR LLC, Leonardo S.p.A., and BAE Systems plc, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in June 2020, New Imaging Technologies (NIT), expanded its WiDy SenS family with the launch of a new SWIR camera, WiDy SenS 640A-STE. This product is ideal for embedded applications in UAVs, drones, and land or naval platforms. Additionally, in October 2020, Teledyne FLIR LLC expanded its Exx-Series of advanced thermal imaging cameras with the launch of four new products, such as the E96, E86, E76, and E54. These cameras are designed to support professionals detect the early signs of building issues, identify hot spots, troubleshoot electrical and mechanical systems, and prevent problems before they cause damage that leads to expensive repairs.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-
Teledyne FLIR LLC, Leonardo S.p.A., and BAE Systems plc, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
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Global Infrared Imaging Software Market Report by Segment
By Type
Cloud-Based
On-Premise
Web-Based
By Application
Automation Maintenance
Automotive
Healthcare
Security and Surveillance
By End-User
Commercial
Government
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