Infrared Imaging Software Market by Application, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR40273
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The infrared imaging software market has the potential to grow by USD 467.05 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.57%.

This infrared imaging software market research report provides valuable insights on 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.

What will the Infrared Imaging Software Market Size be in 2021?

Infrared-Imaging-Software-Market-Market-Size-2020-2025

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Infrared Imaging Software Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing adoption of video surveillance is notably driving the infrared imaging software market growth, although factors such as intense vendor competition may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the infrared imaging software market industry get your FREE report sample now.

  • Increasing adoption of video surveillance is a key driver boosting the growth of the infrared imaging software market.
  • The thermal cameras use infrared radiation to capture the image rather than the visible light used in normal cameras. Such cameras are used by firefighters to detect the areas of heat through smoke, darkness, and heat-permeable barriers, thus, raising its demand.
  • These cameras are heat and water-resistant to withstand the hazards of fireground operations. The use of thermal cameras has increased due to the increased government grants on surveillance equipment. The increase in the use of thermal cameras has augmented the infrared imaging software market growth.

 

  • The increasing number of commercial buildings has added to the growth of the infrared imaging software market.
  • Commercial buildings, which include retail stores, office buildings, and warehouses, are witnessing a drastic rise in the number of criminal activities.
  • The rise in criminal activities has resulted in massive retail shrinkage and the loss of credibility of many organizations. Retail shrinkage, which is a critical issue faced by retailers, refers to the loss of a store's inventory. 
  • The adoption of video surveillance systems in the retail sector helps in controlling the inflow and outflow of products. This is expected to reduce retail shrinkage. 

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Infrared Imaging Software Market Vendors?

The report analyzes the market’s competitive landscape and 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
  • Thermoteknix Systems Ltd.

 

The infrared imaging software market is fragmented and the vendors are deploying growth strategies such as offering additional features and functionalities in the packaged solutions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the infrared imaging software market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Infrared Imaging Software Market?

Infrared-Imaging-Software-Market-Market-Share-by-Region-2020-2025

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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 Europe, South America, and MEA.

The increasing number of vendor penetration will facilitate the infrared imaging software market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Infrared Imaging Software Market?

Infrared-Imaging-Software-Market-Market-Share-by-End-2020-2025

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Infrared imaging is widely being adopted in the aerospace and defense sectors to propel unmanned operations. Additionally, thermal imaging cameras are being used for government test labs and military test range applications. They also find applications in government-aided search and rescue operations. The military sector is expected to witness continued growth during the forecast period, which can be primarily attributed to increased government spending on the military sector for procuring advanced devices and products. The increased government sector spending will further boost the growth of the infrared imaging software market.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the infrared imaging software market size.

 

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What are the Key Factors Covered in this Infrared Imaging Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive infrared imaging software market growth during the next five years
  • Precise estimation of the infrared imaging software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the infrared imaging software industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of infrared imaging software market vendors

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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 8%

Market growth 2021-2025

$ 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 consumer countries

US, China, Germany, UK, France, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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 future consumer dynamics, market condition analysis for 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 ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Surveillance - Market size and forecast 2020-2025
    • Security - Market size and forecast 2020-2025
    • Automation maintenance - Market size and forecast 2020-2025
    • Automotive - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Government sector - Market size and forecast 2020-2025
    • Commercial sector - Market size and forecast 2020-2025
    • Market opportunity by End user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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
      • Thermoteknix Systems Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The infrared imaging software market growth will increase by $830.44 million during 2019-2024.
      The infrared imaging software market is expected to grow at a CAGR of 11.64% during 2019-2024.
      Technavio has segmented the infrared imaging software market by end user (Government sector and Commercial sector) and geographic (North America, Europe, APAC, South America, and MEA).
      Axis Communications AB, BAE Systems Plc, FLIR Systems Inc., Fortive Corp., Honeywell International Inc., L3Harris Technologies Inc., Leonardo Spa, Raytheon Co., Testo SE & Co. KGaA, Thermoteknix Systems Ltd. are a few of the key vendors in the infrared imaging software market.
      North America will register the highest growth rate of 39.85% among the other regions. Therefore, the infrared imaging software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the infrared imaging software market growth are:
      • Increasing adoption of video surveillance
      The infrared imaging software market vendors should focus on grabbing business opportunities from the government sector segment as it accounted for the largest market share in the base year.
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