Global Infrared Vision Systems Market, By Component (Sensors, Camera, Display, Processing Unit, Control Electronics), Technology (Infrared, Synthetic Vision, Millimeter Wave Radar, GPS), Platform (Fixed Wing, Rotary Wing), Application (Automotive, BFSI, Commercial, Government & Defense, Healthcare, Industrial, Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Infrared Vision Systems Market
Infrared vision systems market will grow at a CAGR of 3.80% in the forecast period of 2021 to 2028. Improved safety and situational awareness is an essential factor driving the infrared vision systems market.
Enhanced vision system is defined as imaging camera which detects infrared energy radiating from objects and forms a real-time video image which can be displayed on a dedicated video display screen. The general purpose of enhanced vision systems is improving situational awareness. It helps in eliminating the visual effects of darkness and turns it into daylight on display screen. As the darkness is annihilated it helps the pilot in avoiding clouds at night, thereby improving night vision.
Rising reliable operations at poor visibility is a crucial factor accelerating the market growth, also increasing smaller airports with inadequate infrastructure, rising demand for surveillance across several verticals, increasing gradual decrease in cost of IR cameras, increase in military spending among developing nations, increasing integration of IR cameras in autonomous vehicles, increasing rapid development of high-performance IR cameras, rising awareness of thermal imaging in Latin America to combat crimes and increasing demand across oil and gas industries in the Middle East are the major factors among others boosting the infrared vision systems market. Moreover, rising retrofit and aftermarket and increasing standard fit for business jets and operational efficiency for aircraft will further create new opportunities for infrared vision systems market in the forecast period mentioned above.
However, rising cost of technology and increasing industry regulations are the major factors among others which will curtail the market growth, rising awareness of EVS among aircraft operators will further challenge the infrared vision systems market in the forecast period mentioned above.
This infrared vision systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on infrared vision systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Infrared Vision Systems Market Scope and Market Size
Infrared vision systems market is segmented on the basis of component, technology, platform and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, infrared vision systems market is segmented into sensors, camera, display, processing unit and control electronics.
- Based on technology, the infrared vision systems market is segmented into infrared, synthetic vision, millimeter wave radar and GPS.
- Based on platform, the infrared vision systems market is segmented into fixed wing and rotary wing.
- The infrared vision systems market is also segmented on the basis of application into automotive, BFSI, commercial, government & defense, healthcare, industrial and residential.
Infrared Vision Systems Market Scope Country Level Analysis
Infrared vision systems market is analysed and market size, volume information is provided by country, component, technology, platform and application as referenced above.
The countries covered in the infrared vision systems market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the infrared vision systems market due to rising large number of original component manufacturers (OCMs) and original equipment manufacturers (OEMs), increasing major technological upgradation of existing equipment by key players, and the rising presence of key market players in this region.
The country section of the infrared vision systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Infrared Vision Systems Market Share Analysis
Infrared vision systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to infrared vision systems market.
The major players covered in infrared vision systems market report are Honeywell International Inc, Raytheon Technologies Corporation, L3Harris Technologies, Inc., Autoliv Inc., DENSO CORPORATION, FLIR Systems, Inc., ZF Friedrichshafen AG, Magna International Inc., OmniVision Technologies, Inc., Continental AG, Delphi Technologies, OMRON Corporation, Meopta, L3Harris Technologies, Inc., Newcon International Ltd, HELLA GmbH & Co. KGaA, Bendix Commercial Vehicle Systems LLC, Raytheon Company, Thales Group and Elbit Systems Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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