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The infrared imaging software market share is expected to increase by USD 467.05 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.57%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (government sector and commercial sector), application (surveillance, security, automation maintenance, automotive, and others), and geography (North America, Europe, APAC, South America, and MEA).
The infrared imaging software market report also offers information on several market vendors, including Axis Communications AB, BAE Systems Plc, Fortive Corp., Honeywell International Inc., L3Harris Technologies Inc., Leonardo Spa, Raytheon Technologies Corp., Teledyne Technologies Inc., Testo SE and Co. KGaA, and Thermoteknix Systems Ltd. among others.
Axis Communications AB - The company offers different collections of thermal cameras such as thermal modular cameras and AXIS Q86 PT thermal network cameras. Through the products & solutions segment, the company offers IP-based products and solutions for security and video surveillance. The products include security cameras, video encoders, accessories, access controls, and others.
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Technavio categorizes the global infrared imaging software market as a part of the global application software market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the infrared imaging software market during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Infrared Imaging Software Market Driver
Key Infrared Imaging Software Market Trend
Key Infrared Imaging Software Market Challenge
This infrared imaging software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our In-house experts produce extensive information on the value chain and parent market of the infrared imaging software market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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37% of the market’s growth will originate from North America during the forecast period. The US is the key market for infrared imaging software market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The US is the largest revenue contributor to the regional market under focus. This is because the US is the largest market for medical devices. In addition, Canada and Mexico are expected to have a high growth rate in terms of revenue during the forecast period. This will facilitate the infrared imaging software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The infrared imaging software market share growth in the government sector will be significant during the forecast period. Thermal imaging cameras are being used for government test labs and military test range applications. The information contained in the thermal imagery allows users to characterize objects in the thermal spectrum to identify and improve their designs. Hence, government bodies and institutions are adopting thermal imaging as a powerful tool for capturing important information in private spaces.
This report provides an accurate prediction of the contribution of all the segments to the growth of the infrared imaging software market size and actionable market insights on the post-COVID-19 impact on each segment.
Infrared Imaging Software Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.57% |
Market growth 2021-2025 |
USD 467.05 million |
Market structure |
Fragmented |
YoY growth (%) |
5.32 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 37% |
Key countries |
US, China, Germany, UK, France, and Japan |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Axis Communications AB, BAE Systems Plc, Fortive Corp., Honeywell International Inc., L3Harris Technologies Inc., Leonardo Spa, Raytheon Technologies Corp., Teledyne Technologies Inc., Testo SE and Co. KGaA, and Thermoteknix Systems Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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