Global Infrared Imaging Software Market 2017-2021
About Infrared Imaging Software
Infrared imaging software is used for analyzing and managing infrared images captured in thermal cameras. It helps in better decision making for surveillance and maintenance applications. It also helps in the better diagnostics of machinery and living beings. An infrared camera is a non-contact device that detects heat and converts it into an electronic signal, which is then processed to produce a thermal image or video on which you can perform temperature calculations.
Technavio’s analysts forecast the global infrared imaging software market to grow at a CAGR of 11.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global infrared imaging software market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Infrared Imaging Software Market 2017-2021
Technavio recognizes the following companies as the key players in the global infrared imaging software market: FLIR Systems, Leonardo DRS, BAE System, and Raytheon.
Other Prominent Vendors in the market are: Axis Communications, Fluke, Honeywell International, L-3 Communications, Thermoteknix Systems, LumaSense Technologies, and Testo.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is adoption of cloud-based services. Large enterprises and various government organizations are rapidly adopting cloud-based services that ensure a centralized, searchable repository of historical data. Cloud-based services can be used across the world without time and location constraints.”
According to the report, one driver in the market is increasing adoption of video surveillance. The thermal cameras use infrared radiation to capture the image rather than the visible light used in the normal cameras. Such cameras are used by the firefighters to detect the areas of heat through smoke, darkness, and heat-permeable barriers. These cameras are expensive, heat resistant, and water resistant to withstand the hazards of the fireground operations. The use of the thermal cameras has increased due to the increased government grants on the surveillance equipment.
Further, the report states that one challenge in the market is intense vendor competition. With the increase in the prices of raw materials and the increased competition among vendors, the profit margins of vendors are expected to decline in the market. The growth of the market is enhancing the entry of new vendors. New vendors focus more on the requirements of end-users, and, hence, develop security solutions based on their requirements, which makes them a preferable choice over the global vendors.
FLIR Systems, Leonardo DRS, BAE System, and Raytheon.Other Prominent Vendors in the market are: Axis Communications, Fluke, Honeywell International, L-3 Communications, Thermoteknix Systems, LumaSense Technologies, and Testo.
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