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Infrared Imaging Market worth $9.6 billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, July 6, 2023 /PRNewswire/ — The infrared imaging market is expected to reach USD 9.6 billion by 2028 from USD 6.7 billion in 2023, at a CAGR of 7.3% during the 2023–2028 period according to a new report by MarketsandMarkets™. The major factor driving the market growth of the infrared imaging market is rising adoption of infrared imaging owing to ability of infrared imaging technology that enable to be used in harsh environments and rise in use of SWIR cameras in machine vision applications.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=593

Browse in-depth TOC on “Infrared Imaging Market” 
125 – Tables
61 – Figures
210 – Pages

Infrared Imaging Market Report Scope:

Report Coverage

Details

Market Revenue in 2023

$6.7 billion

Estimated Value by 2028

$9.6 billion

Growth Rate

Poised to grow at a CAGR of 7.3%

Market Size Available for

2019–2028

Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Technology, Wavelength, Application, Vertical and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

High cost of infrared cameras to challenge adoption

Key Market Opportunities

Emerging infrared imaging applications in automotive sector

Key Market Drivers

Increasing use of infrared cameras in quality control and inspection application

Uncooled technology segment to witness highest CAGR of the infrared imaging market during the forecast period.

Uncooled cameras in infrared imaging have experienced significant growth due to several key factors. Firstly, their cost-effectiveness compared to cooled cameras eliminates the need for expensive cooling systems, making them more accessible to various industries. Secondly, their smaller size and portability enable integration into different platforms, enhancing flexibility. Thirdly, uncooled cameras’ durability and reliability in harsh environments make them suitable for demanding applications. Their energy efficiency and instant startup time are advantageous in power-constrained and time-critical scenarios. Additionally, continuous monitoring capabilities and technological advancements have further increased adoption across security, defense, automotive, industrial, and healthcare industries.

By wavelength, Long-wave infrared (LWIR) is anticipated to capture the largest market share in infrared imaging market.

The integration of LWIR cameras into devices enhances their capabilities through the addition of thermal imaging features. These cameras have become smaller thanks to technological advancements, facilitating their seamless integration into smartphones, drones, wearables, and other devices. This integration enables real-time thermal imaging, granting users immediate access to thermal information for various applications, including inspections, maintenance, and security.

Security & Surveillance by application to hold largest market share during the forecast period in infrared imaging market.

In the field of security & surveillance, incorporating infrared imaging is crucial for intrusion detection and perimeter monitoring, even under low-light conditions. It enables the use of thermal analytics to identify anomalies and enhances visibility in challenging environments like fog or smoke. Infrared cameras facilitate covert operations, strengthen facial recognition capabilities, and play a vital role in emergency response scenarios by aiding in search and rescue operations.

Non-industrial vertical is expected to register the highest CAGR during the forecast period in the infrared imaging market.

In 2023, the non-industrial vertical accounted for the largest share of the infrared imaging industry and is also expected to record the highest CAGR during the forecast period. The non-industrial segment of the infrared imaging market has experienced substantial growth. The military & defense, and civil infrastructure segments generate the highest demand for infrared imaging products in the non-industrial vertical. The military utilizes infrared imaging for enhanced situational awareness, target acquisition, and night vision capabilities.

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Asia Pacific is expected to register the highest CAGR during the forecast period in the infrared imaging market.

The Asia Pacific region has witnessed significant growth in the infrared imaging market due to several factors. Firstly, the increasing defense spending by countries in the region has driven the demand for infrared imaging systems for military applications. Secondly, the rising adoption of infrared cameras in sectors like industrial automation, surveillance, and transportation has boosted market growth.

The report profiles key players in infrared imaging companies such as Teledyne FLIR LLC (US), Fluke Corporation (US), Raytheon Technologies Corporation (US), Leonardo DRS (US), Axis Communications AB (Sweden), L3Harris Technologies (US), Inc, Xenics nv (Belgium), Zhejiang Dali Technology Co., Ltd. (China), OPGAL Optronics Industries Ltd (Israel) and Allied Vision Technologies GmbH (Germany).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Shortwave Infrared (SWIR) Market by Scanning Type (Area Scan and Line Scan), Application (Security & Surveillance, Monitoring & Inspection, and Detection), Technology, Vertical, Offering and Region (2021-2027)

Thermal Imaging Market Size, Share & Industry Growth Analysis Report by Product Type (Modules, Cameras, Scopes), Type (Handheld and Standstill), Technology (Cooled, Uncooled), Application, Wavelength(SWIR, MWIR, LWIR), Vertical, and Region – Global Growth Driver and Industry Forecast to 2026

InGaAs Camera Market by Camera Cooling technology (Cooled camera, Uncooled Camera), Scanning Type (Area Scan Camera, Line Scan Camera), Application (Military & Defense, Industrial Automation, Scientific Research), and Geography – Global Forecast to 2023

Infrared Detector Market by Type (Mercury Cadmium Telluride, INGaas, Pyroelectric, Thermopile, Microbolometer), Technology (Cooled and Uncooled), Wavelength (NIR & SWIR, MWIR, LWIR), Application, Vertical and Region – Global Forecast to 2028

Gas Sensors Market by Gas Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Technology, Output Type, Product Type, Application and Region – Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/infrared-IR-sensing-imaging-market.asp
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Binance Announces Adjustment of Tick Size for Spot Trading Pairs

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Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.

Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.

Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.

Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.

Source: blockchain.news

The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.

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Blockchain

OKX Announces Support for New USDC Spot Trading Pairs

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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.

In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.

OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.

For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.

Source: blockchain.news

The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.

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Blockchain

ShibaSwap rolls out major upgrade, moves to Shibarium

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ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.

The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.

Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.

A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.

The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.

The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.

Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.

As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.

Source: cointelegraph.com

The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.

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