Cooled Infrared Imaging Market Developments by 2031
The Cooled Infrared Imaging Market is expected to register a CAGR of 6.1% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Component (IR Detectors, IR Sensors, IR Lenses), Application (Mineral Identification, Gas Detection, Plasma Physics, Combustion, Others), Vertical (Aerospace, Military and Defense, Medical, Security and Government, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Cooled Infrared Imaging Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cooled Infrared Imaging Market Segmentation
Component- IR Detectors
- IR Sensors
- IR Lenses
- Mineral Identification
- Gas Detection
- Plasma Physics
- Combustion
- Aerospace
- Military and Defense
- Medical
- Security and Government
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Cooled Infrared Imaging Market Growth Drivers- Defense and Military Applications: National security imperatives are driving significant investment in cooled infrared imaging technologies for advanced defense and military applications. These sophisticated imaging systems provide critical capabilities for surveillance, target detection, missile guidance, and reconnaissance in challenging environmental conditions. Modern military operations require high-sensitivity infrared sensors that can detect low-contrast targets at extended ranges, operate in complex atmospheric conditions, and support both ground-based and airborne platforms. The ongoing geopolitical tensions and modernization of military capabilities are compelling defense organizations to continuously upgrade their infrared imaging technologies for enhanced situational awareness and strategic advantage.
- Emerging Scientific and Research Requirements: Sophisticated scientific research and exploration domains are increasingly demanding advanced cooled infrared imaging solutions for precise, high-resolution observational capabilities. Astronomical research, climate studies, materials science, and environmental monitoring require extremely sensitive infrared imaging technologies that can capture minute thermal variations and detailed spectral information. These imaging systems enable researchers to observe phenomena invisible to traditional optical systems, supporting breakthrough discoveries in fields ranging from astrophysics to molecular research. The need for increasingly sensitive, low-noise imaging technologies is driving continuous technological innovation in cooled infrared imaging markets.
- Advancements in Cryogenic Cooling Technologies: The future of the cooled infrared imaging market will see significant improvements in cryogenic cooling technologies, which are essential for enhancing the sensitivity and performance of infrared sensors. Innovations in materials, such as more efficient and compact cryocoolers, will allow for smaller and lighter thermal imaging systems, making them more practical for portable applications. These advancements will not only improve image quality and detection range but also help reduce energy consumption, making cooled infrared systems more efficient and cost-effective for industries like defense, aerospace, and surveillance.
- Growing Demand in Industrial and Predictive Maintenance Applications: As industries increasingly adopt predictive maintenance and asset management strategies, cooled infrared imaging will play a key role in identifying heat patterns and anomalies in machinery and infrastructure.
- Industrial Predictive Maintenance and Monitoring: The expanding industrial sector presents a significant opportunity for cooled infrared imaging technologies in predictive maintenance and advanced monitoring applications. These sophisticated imaging systems can detect subtle temperature variations in complex machinery, enabling early identification of potential failures, thermal anomalies, and performance degradation. Industries such as manufacturing, energy, transportation, and infrastructure can leverage these technologies to implement proactive maintenance strategies, reduce operational downtime, optimize equipment performance, and minimize maintenance costs. The opportunity extends beyond traditional monitoring, offering intelligent, data-driven approaches to industrial asset management.
- Emerging Medical and Healthcare Applications: The medical and healthcare domains represent a promising opportunity for advanced cooled infrared imaging technologies. These imaging systems can provide non-invasive diagnostic capabilities, enabling detailed thermal mapping of physiological processes, early disease detection, and precision medical imaging. Potential applications include cancer screening, neurological research, vascular disease diagnosis, and personalized treatment monitoring. By offering high-resolution thermal imaging with unprecedented sensitivity, cooled infrared technologies can support more accurate, comprehensive medical assessments and contribute to developing innovative diagnostic and therapeutic strategies.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cooled Infrared Imaging Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cooled Infrared Imaging Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Integration with artificial intelligence and machine Llearning to play a significant role in the global cooled infrared imaging market in the coming years
Defense and military applications and emerging scientific and research requirements are the major factors driving the cooled infrared imaging market
The Cooled Infrared Imaging Market is estimated to witness a CAGR of 6.1% from 2024 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cooled Infrared Imaging Market - By Component
1.3.2 Cooled Infrared Imaging Market - By Application
1.3.3 Cooled Infrared Imaging Market - By Range
1.3.4 Cooled Infrared Imaging Market - By Vertical
1.3.5 Cooled Infrared Imaging Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. COOLED INFRARED IMAGING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. COOLED INFRARED IMAGING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. COOLED INFRARED IMAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. COOLED INFRARED IMAGING - GLOBAL MARKET OVERVIEW
6.2. COOLED INFRARED IMAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COOLED INFRARED IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. IR DETECTORS
7.3.1. Overview
7.3.2. IR Detectors Market Forecast and Analysis
7.4. IR SENSORS
7.4.1. Overview
7.4.2. IR Sensors Market Forecast and Analysis
7.5. IR LENSES
7.5.1. Overview
7.5.2. IR Lenses Market Forecast and Analysis
8. COOLED INFRARED IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MINERAL IDENTIFICATION
8.3.1. Overview
8.3.2. Mineral Identification Market Forecast and Analysis
8.4. GAS DETECTION
8.4.1. Overview
8.4.2. Gas Detection Market Forecast and Analysis
8.5. PLASMA PHYSICS
8.5.1. Overview
8.5.2. Plasma Physics Market Forecast and Analysis
8.6. COMBUSTION
8.6.1. Overview
8.6.2. Combustion Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. COOLED INFRARED IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - RANGE
9.1. OVERVIEW
9.2. RANGE MARKET FORECASTS AND ANALYSIS
9.3. SHORT RANGE
9.3.1. Overview
9.3.2. Short Range Market Forecast and Analysis
9.4. MEDIUM RANGE
9.4.1. Overview
9.4.2. Medium Range Market Forecast and Analysis
9.5. LONG RANGE
9.5.1. Overview
9.5.2. Long Range Market Forecast and Analysis
10. COOLED INFRARED IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - VERTICAL
10.1. OVERVIEW
10.2. VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. RESEARCH AND DEVELOPMENT
10.3.1. Overview
10.3.2. Research and Development Market Forecast and Analysis
10.4. AEROSPACE
10.4.1. Overview
10.4.2. Aerospace Market Forecast and Analysis
10.5. MILITARY AND DEFENSE
10.5.1. Overview
10.5.2. Military and Defense Market Forecast and Analysis
10.6. MEDICAL
10.6.1. Overview
10.6.2. Medical Market Forecast and Analysis
10.7. SECURITY AND GOVERNMENT
10.7.1. Overview
10.7.2. Security and Government Market Forecast and Analysis
11. COOLED INFRARED IMAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Cooled Infrared Imaging Market Overview
11.1.2 North America Cooled Infrared Imaging Market Forecasts and Analysis
11.1.3 North America Cooled Infrared Imaging Market Forecasts and Analysis - By Component
11.1.4 North America Cooled Infrared Imaging Market Forecasts and Analysis - By Application
11.1.5 North America Cooled Infrared Imaging Market Forecasts and Analysis - By Range
11.1.6 North America Cooled Infrared Imaging Market Forecasts and Analysis - By Vertical
11.1.7 North America Cooled Infrared Imaging Market Forecasts and Analysis - By Countries
11.1.7.1 United States Cooled Infrared Imaging Market
11.1.7.1.1 United States Cooled Infrared Imaging Market by Component
11.1.7.1.2 United States Cooled Infrared Imaging Market by Application
11.1.7.1.3 United States Cooled Infrared Imaging Market by Range
11.1.7.1.4 United States Cooled Infrared Imaging Market by Vertical
11.1.7.2 Canada Cooled Infrared Imaging Market
11.1.7.2.1 Canada Cooled Infrared Imaging Market by Component
11.1.7.2.2 Canada Cooled Infrared Imaging Market by Application
11.1.7.2.3 Canada Cooled Infrared Imaging Market by Range
11.1.7.2.4 Canada Cooled Infrared Imaging Market by Vertical
11.1.7.3 Mexico Cooled Infrared Imaging Market
11.1.7.3.1 Mexico Cooled Infrared Imaging Market by Component
11.1.7.3.2 Mexico Cooled Infrared Imaging Market by Application
11.1.7.3.3 Mexico Cooled Infrared Imaging Market by Range
11.1.7.3.4 Mexico Cooled Infrared Imaging Market by Vertical
11.2. EUROPE
11.2.1 Europe Cooled Infrared Imaging Market Overview
11.2.2 Europe Cooled Infrared Imaging Market Forecasts and Analysis
11.2.3 Europe Cooled Infrared Imaging Market Forecasts and Analysis - By Component
11.2.4 Europe Cooled Infrared Imaging Market Forecasts and Analysis - By Application
11.2.5 Europe Cooled Infrared Imaging Market Forecasts and Analysis - By Range
11.2.6 Europe Cooled Infrared Imaging Market Forecasts and Analysis - By Vertical
11.2.7 Europe Cooled Infrared Imaging Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Cooled Infrared Imaging Market
11.2.7.1.1 Germany Cooled Infrared Imaging Market by Component
11.2.7.1.2 Germany Cooled Infrared Imaging Market by Application
11.2.7.1.3 Germany Cooled Infrared Imaging Market by Range
11.2.7.1.4 Germany Cooled Infrared Imaging Market by Vertical
11.2.7.2 France Cooled Infrared Imaging Market
11.2.7.2.1 France Cooled Infrared Imaging Market by Component
11.2.7.2.2 France Cooled Infrared Imaging Market by Application
11.2.7.2.3 France Cooled Infrared Imaging Market by Range
11.2.7.2.4 France Cooled Infrared Imaging Market by Vertical
11.2.7.3 Italy Cooled Infrared Imaging Market
11.2.7.3.1 Italy Cooled Infrared Imaging Market by Component
11.2.7.3.2 Italy Cooled Infrared Imaging Market by Application
11.2.7.3.3 Italy Cooled Infrared Imaging Market by Range
11.2.7.3.4 Italy Cooled Infrared Imaging Market by Vertical
11.2.7.4 United Kingdom Cooled Infrared Imaging Market
11.2.7.4.1 United Kingdom Cooled Infrared Imaging Market by Component
11.2.7.4.2 United Kingdom Cooled Infrared Imaging Market by Application
11.2.7.4.3 United Kingdom Cooled Infrared Imaging Market by Range
11.2.7.4.4 United Kingdom Cooled Infrared Imaging Market by Vertical
11.2.7.5 Russia Cooled Infrared Imaging Market
11.2.7.5.1 Russia Cooled Infrared Imaging Market by Component
11.2.7.5.2 Russia Cooled Infrared Imaging Market by Application
11.2.7.5.3 Russia Cooled Infrared Imaging Market by Range
11.2.7.5.4 Russia Cooled Infrared Imaging Market by Vertical
11.2.7.6 Rest of Europe Cooled Infrared Imaging Market
11.2.7.6.1 Rest of Europe Cooled Infrared Imaging Market by Component
11.2.7.6.2 Rest of Europe Cooled Infrared Imaging Market by Application
11.2.7.6.3 Rest of Europe Cooled Infrared Imaging Market by Range
11.2.7.6.4 Rest of Europe Cooled Infrared Imaging Market by Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Cooled Infrared Imaging Market Overview
11.3.2 Asia-Pacific Cooled Infrared Imaging Market Forecasts and Analysis
11.3.3 Asia-Pacific Cooled Infrared Imaging Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Cooled Infrared Imaging Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Cooled Infrared Imaging Market Forecasts and Analysis - By Range
11.3.6 Asia-Pacific Cooled Infrared Imaging Market Forecasts and Analysis - By Vertical
11.3.7 Asia-Pacific Cooled Infrared Imaging Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Cooled Infrared Imaging Market
11.3.7.1.1 Australia Cooled Infrared Imaging Market by Component
11.3.7.1.2 Australia Cooled Infrared Imaging Market by Application
11.3.7.1.3 Australia Cooled Infrared Imaging Market by Range
11.3.7.1.4 Australia Cooled Infrared Imaging Market by Vertical
11.3.7.2 China Cooled Infrared Imaging Market
11.3.7.2.1 China Cooled Infrared Imaging Market by Component
11.3.7.2.2 China Cooled Infrared Imaging Market by Application
11.3.7.2.3 China Cooled Infrared Imaging Market by Range
11.3.7.2.4 China Cooled Infrared Imaging Market by Vertical
11.3.7.3 India Cooled Infrared Imaging Market
11.3.7.3.1 India Cooled Infrared Imaging Market by Component
11.3.7.3.2 India Cooled Infrared Imaging Market by Application
11.3.7.3.3 India Cooled Infrared Imaging Market by Range
11.3.7.3.4 India Cooled Infrared Imaging Market by Vertical
11.3.7.4 Japan Cooled Infrared Imaging Market
11.3.7.4.1 Japan Cooled Infrared Imaging Market by Component
11.3.7.4.2 Japan Cooled Infrared Imaging Market by Application
11.3.7.4.3 Japan Cooled Infrared Imaging Market by Range
11.3.7.4.4 Japan Cooled Infrared Imaging Market by Vertical
11.3.7.5 South Korea Cooled Infrared Imaging Market
11.3.7.5.1 South Korea Cooled Infrared Imaging Market by Component
11.3.7.5.2 South Korea Cooled Infrared Imaging Market by Application
11.3.7.5.3 South Korea Cooled Infrared Imaging Market by Range
11.3.7.5.4 South Korea Cooled Infrared Imaging Market by Vertical
11.3.7.6 Rest of Asia-Pacific Cooled Infrared Imaging Market
11.3.7.6.1 Rest of Asia-Pacific Cooled Infrared Imaging Market by Component
11.3.7.6.2 Rest of Asia-Pacific Cooled Infrared Imaging Market by Application
11.3.7.6.3 Rest of Asia-Pacific Cooled Infrared Imaging Market by Range
11.3.7.6.4 Rest of Asia-Pacific Cooled Infrared Imaging Market by Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Cooled Infrared Imaging Market Overview
11.4.2 Middle East and Africa Cooled Infrared Imaging Market Forecasts and Analysis
11.4.3 Middle East and Africa Cooled Infrared Imaging Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Cooled Infrared Imaging Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Cooled Infrared Imaging Market Forecasts and Analysis - By Range
11.4.6 Middle East and Africa Cooled Infrared Imaging Market Forecasts and Analysis - By Vertical
11.4.7 Middle East and Africa Cooled Infrared Imaging Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Cooled Infrared Imaging Market
11.4.7.1.1 South Africa Cooled Infrared Imaging Market by Component
11.4.7.1.2 South Africa Cooled Infrared Imaging Market by Application
11.4.7.1.3 South Africa Cooled Infrared Imaging Market by Range
11.4.7.1.4 South Africa Cooled Infrared Imaging Market by Vertical
11.4.7.2 Saudi Arabia Cooled Infrared Imaging Market
11.4.7.2.1 Saudi Arabia Cooled Infrared Imaging Market by Component
11.4.7.2.2 Saudi Arabia Cooled Infrared Imaging Market by Application
11.4.7.2.3 Saudi Arabia Cooled Infrared Imaging Market by Range
11.4.7.2.4 Saudi Arabia Cooled Infrared Imaging Market by Vertical
11.4.7.3 U.A.E Cooled Infrared Imaging Market
11.4.7.3.1 U.A.E Cooled Infrared Imaging Market by Component
11.4.7.3.2 U.A.E Cooled Infrared Imaging Market by Application
11.4.7.3.3 U.A.E Cooled Infrared Imaging Market by Range
11.4.7.3.4 U.A.E Cooled Infrared Imaging Market by Vertical
11.4.7.4 Rest of Middle East and Africa Cooled Infrared Imaging Market
11.4.7.4.1 Rest of Middle East and Africa Cooled Infrared Imaging Market by Component
11.4.7.4.2 Rest of Middle East and Africa Cooled Infrared Imaging Market by Application
11.4.7.4.3 Rest of Middle East and Africa Cooled Infrared Imaging Market by Range
11.4.7.4.4 Rest of Middle East and Africa Cooled Infrared Imaging Market by Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Cooled Infrared Imaging Market Overview
11.5.2 South and Central America Cooled Infrared Imaging Market Forecasts and Analysis
11.5.3 South and Central America Cooled Infrared Imaging Market Forecasts and Analysis - By Component
11.5.4 South and Central America Cooled Infrared Imaging Market Forecasts and Analysis - By Application
11.5.5 South and Central America Cooled Infrared Imaging Market Forecasts and Analysis - By Range
11.5.6 South and Central America Cooled Infrared Imaging Market Forecasts and Analysis - By Vertical
11.5.7 South and Central America Cooled Infrared Imaging Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Cooled Infrared Imaging Market
11.5.7.1.1 Brazil Cooled Infrared Imaging Market by Component
11.5.7.1.2 Brazil Cooled Infrared Imaging Market by Application
11.5.7.1.3 Brazil Cooled Infrared Imaging Market by Range
11.5.7.1.4 Brazil Cooled Infrared Imaging Market by Vertical
11.5.7.2 Argentina Cooled Infrared Imaging Market
11.5.7.2.1 Argentina Cooled Infrared Imaging Market by Component
11.5.7.2.2 Argentina Cooled Infrared Imaging Market by Application
11.5.7.2.3 Argentina Cooled Infrared Imaging Market by Range
11.5.7.2.4 Argentina Cooled Infrared Imaging Market by Vertical
11.5.7.3 Rest of South and Central America Cooled Infrared Imaging Market
11.5.7.3.1 Rest of South and Central America Cooled Infrared Imaging Market by Component
11.5.7.3.2 Rest of South and Central America Cooled Infrared Imaging Market by Application
11.5.7.3.3 Rest of South and Central America Cooled Infrared Imaging Market by Range
11.5.7.3.4 Rest of South and Central America Cooled Infrared Imaging Market by Vertical
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. COOLED INFRARED IMAGING MARKET, KEY COMPANY PROFILES
13.1. AXIS COMMUNICATIONS AB (CANON INC)
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BOSCH SECURITY SYSTEMS, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. LEONARDO DRS
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. FLIR SYSTEMS, INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. FLUKE CORPORATION (FORTIVE CORP)
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. GENERAL DYNAMICS MISSION SYSTEMS, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. L3HARRIS TECHNOLOGIES, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. OPGAL OPTRONICS INDUSTRIES LTD.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SOFRADIR EC, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. ZHEJIANG DALI TECHNOLOGY CO., LTD.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Axis Communications AB (Canon Inc)2. Bosch Security Systems, Inc.3. Leonardo DRS4. Flir Systems, Inc.5. Fluke Corporation (Fortive Corp)6. General Dynamics Mission Systems, Inc.7. L3Harris Technologies, Inc.8. Opgal Optronics Industries Ltd.9. Sofradir EC, Inc.10. Zhejiang Dali Technology Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.