The global infrared (IR) & thermal imaging systems market is experiencing a significant growth due to various military applications. Infrared & thermal imaging systems enables detection of objects & people in dark situations without any ambient light. Moreover, infrared & thermal imaging systems can penetrate obscurants such as smoke, fog, and haze to generate real-time high-resolution image. Infrared & thermal imaging system use state-of-art technology to pick-up heat or infrared signatures even in critical temperature conditions. In addition, infrared & thermal imaging system is used for numerous applications such as remote sensing, space imaging, and surveillance, among others.

COVID-19 scenario analysis:
Infrared & thermal imaging system manufacturers are forced to shut down production operations due to government-imposed lockdown to slow the spread of COVID-19.

Military agencies are witnessing delay in procurement of infrared & thermal imaging system due to disruption in supply chain caused by the government initiatives to control the COVID-19 outbreak.

Governments worldwide are diverting financial resources to healthcare services as priority in the wake of COVID-19 pandemic, hence creating budget constraints for military agencies.

Research & development of infrared &thermal imaging system is adversely affected due to lack of workforce caused by the travel bans imposed by governments globally to slow the spread of COVID-19.

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The global infrared & thermal imaging systems market trends are as follows:

Surge in military expenditure
Military agencies are investing in soldier borne sensor technologies for combat superiority in battlefield. Recently, in 2020, FLIR System Inc. (thermal imaging system manufacturer headquartered in Oregon, US) was awarded a contract worth 20.6 million USD from the US Army for delivery of a personal reconnaissance system called Black Hornet 3 nano UAV. Black Hornet utilizes fused thermal imaging for fusing thermal images to the visible image for increased surveillance capability. Moreover, it transmits live video to the operator and has 25 mins flight time. Such investments in thermal military systems will drive the infrared & thermal imaging systems market.
Demand of high-definition thermal imaging technology
Thermal imaging technology enables all weather day-night surveillance & imaging system. Recently, in 2020, FLIR Systems Inc. launched new high-definition mid-range surveillance system called Ranger HDC MR that utilizes medium-wave infrared (MWIR). Ranger HDC MR is a high-performance HD thermal imaging system with a 1280-by-720-pixel detector capable of seeing through fog, haze, heat & air turbulence. Further, this high-definition IR & thermal imaging system will be used for border surveillance for detecting illegal cross-border activities and counter-UAV measure. Such innovations in high-definition thermal imaging technology are expected to boost the global infrared & thermal imaging systems market.

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Key benefits of the report:

This study presents the analytical depiction of the global infrared & thermal imaging systems industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global infrared & thermal imaging systems market share.
The current market is quantitatively analyzed to highlight the global infrared & thermal imaging systems market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global infrared & thermal imaging systems market analysis based on competitive intensity and how the competition will take shape in coming years.

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