SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Infrared and Thermal Imaging Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
Edition: 9; Released: January 2022
Executive Pool: 15616
Companies: 91 - Players covered include BAE Systems PLC; Danaher Corporation; DRS Technologies, Inc.; Elbit Systems Ltd.; FLIR Systems, Inc.; Honeywell Aerospace; L-3 Communications Holdings, Inc.; Lockheed Martin Corporation; Raytheon Company; Thales Group and Others.
Coverage: All major geographies and key segments
Segments: Application (Security & Surveillance, Transportation, Military Vehicle Vision, Thermography, Other Applications); Technology (Cooled, Uncooled)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Infrared and Thermal Imaging Systems Market to Reach $8 Billion by 2026
Amid the COVID-19 crisis, the global market for Infrared and Thermal Imaging Systems estimated at US$5.1 Billion, is projected to reach a revised size of US$8 Billion by 2026, growing at a CAGR of 7.8% over the analysis period. Cooled, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$5.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Uncooled segment is readjusted to a revised 11.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Infrared and Thermal Imaging Systems market in the U.S. is estimated at US$1.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2026 trailing a CAGR of 7.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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