Near Infrared Imaging Sensors Market 2022-2030 Stunning Growth

A latest report from Absolute Markets Insights covers insights into the global Near Infrared Imaging Sensors market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Near Infrared Imaging Sensors market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Near Infrared Imaging Sensors report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Near Infrared Imaging Sensors report also shows a new uptrend that includes market conditions and market forecast 2022-2030.

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Some of the major players operating in the global Near Infrared Imaging Sensors market include: ams AG, Himax Technologies, Inc., IMEC Inc., OmniVision Technologies, Inc., Radiant Vision Systems, LLC, Semiconductor Components Industries, LLC and Sony Semiconductor Solutions Corporation amongst others.

In terms of revenue, global near infrared imaging sensors market was valued at US$ 5,283.9 Mn in 2022 and is anticipated to grow to US$ 10,765 Mn by 2030 at a CAGR of 8.3%. 

The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.

Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Near Infrared Imaging Sensors Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.

Key insights from the report:

  • The report provides key statistics on the market status of Near Infrared Imaging Sensors Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
  • The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
  • The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
  • The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
  • The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
  • Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
  • The report makes some important proposals for a new project of Near Infrared Imaging Sensors Market before evaluating its feasibility.

Covid-19 cumulative impact:

This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Near Infrared Imaging Sensors Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Near Infrared Imaging Sensors Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.

Key questions answered in this report:

  • What will the market size and growth rate be in 2030?
  • What are the key drivers of the global market?
  • What are the key market trends impacting the growth of the global market?
  • What are the market growth challenges?
  • Who are the key vendors in the global market?
  • What are the global market opportunities and challenges for sellers?
  • What are the key findings of the global five-point analysis of the Near Infrared Imaging Sensors market?

Infrared light rays are electromagnetic radiations with wavelengths longer than those of visible light. Near infrared light generally refers to light within the wavelengths from 800 to 2,500 nm. The primary source of infrared radiation is heat. This means that any system having a temperature coefficient can radiate infrared radiations. The warmer the object, the more infrared radiations it emits. Many objects have been identified to reflect these infrared radiations, particularly near infrared radiation, incident from a thermal source such as sun or other sources. This phenomenon of near infrared light reflection is used in modern imaging sensors to capture image data.

The major advantage of using the near infrared radiation in imaging is its sensitivity to vegetation type, density, water content, amongst others. These characteristics of near infrared imaging sensors is a major reason for its higher demand from satellite imagery applications. All the LANDSAT mission satellites of National Aeronautics and Space Administration (NASA) are equipped with various near infrared imaging equipment. The upcoming LANDSAT 9 satellite of NASA in partnership with U.S. Geological Survey (USGS) is a global observatory mission satellite which is equipped with Operational Land Imager 2 (OLI-2) which will provide satellite imagery in near-infrared band. Therefore, the wide range of applications of near infrared sensors in satellite missions is one of the factors aiding in the growth of near infrared imaging sensors market across the globe.

The rising geo-political tensions worldwide is increasing the application of near infrared imaging sensors in the military and defence sector. Cross-border infiltration activities are on the rise, especially in North America, the Indian Subcontinent and Europe. For instance, India’s Union Minister of State for Home Affairs mentioned in December 2019, that there was an increase in cross-border infiltration activities after August 5, 2019. This illegal activities pose a severe threat to national security.

Therefore, there is an increasing demand for stringent counter-measures. Near infrared imaging sensors are aptly suitable for the border security monitoring applications as near infrared spectrum consists of photons that can be detected even in darker environments. Companies supplying border security solutions for defense agencies are utilizing near infrared imaging technologies in their devices. For instance, the ARGC-2400 night vision camera of OBZERV uses near infrared imaging to meet the advanced requirements of coastal and border surveillance. Similarly, the AR0431 near infrared imaging sensor of Semiconductor Components Industries, LLC and thermal camera systems of Vumii Imaging are used in security and night vision cameras. Thus, the growing cross-border infiltration has fuelled the growth of the global near infrared imaging sensors market.

Near infrared imaging is a non-invasive imaging technology which assists clinicians to identify brain injuries, diagnose breast cancer, Alzheimer’s disease, depression and schizophrenia, amongst others. The growing prevalence of breast cancer among women is a potential driver for the increase of near infrared imaging in healthcare. It is estimated that about 1 in every 8 women in the U.S develop invasive breast cancer, with an estimated 276,480 new cases in 2020. High morbidity rate of breast cancer demands effective countermeasures. Diagnosing the metastasis of cancer cells in a breast cancer patient requires precise identification of the sentinel lymph nodes’ position.

This has increased the demand for near infrared fluorescence imaging in sentinel lymph node biopsies. Companies providing medical equipment are incorporating near infrared imaging systems in their product offerings. For instance, Shimadzu Corporation launched a new near infrared fluorescence imaging system called Lightvision in 2018. This system is designed to support treatment of breast cancer through visualization of lymph vessels and blood vessels. Lightvision system enables doctors to perform surgical procedures by visualizing the position of lymph vessels on a monitor screen. Thus, the medical imaging equipment used for treating patients with breast cancer and other diseases in the healthcare sector will lead to the growth of the global near infrared imaging sensors market.

The recent outbreak of Coronavirus pandemic is anticipated to have positive impact on demand for near infrared imaging sensors market. COVID-19 can cause severe lung complications such as pneumonia, acute respiratory distress syndrome (ARDS) and Sepsis. These possible complications of COVID-19 cause long-lasting harm to the lungs and other organs. This is creating a growing need for lung transplant surgeries to assure survival of patients. For instance, in June 2020, surgeons at Northwestern Medicine medical facility in Chicago transplanted a set of lungs to a young woman who suffered severe lung damage from COVID-19. Also, in regions such as Europe and China, there have been multiple reported cases of lung transplant in patients with COVID-19. This is rising the demand for rapid assessment of donor lung quality which can be achieved with the use of near infrared fluorescent imaging. Researchers at Latner Thoracic Surgery Research Laboratories performed a successful trial for evaluation of donor lung quality through near infrared imaging in March 2020. Thus, the capability of near infrared imaging to assist lung transplant surgeries during the COVID-19 outbreak is anticipated to drive the global near infrared imaging sensors market.

Global Near Infrared Imaging Sensors Market Segmentation:

Near Infrared Imaging Sensors Market By Organization Size (Small And Medium Organizations, Large Organizations); By End Use (Healthcare (In Vivo Imaging, Oncology, Cardiovascular, Gastrointestinal, Reconstructive Or Plastic Surgery, Others), Automotive (Short Range Automotive LiDAR, Long Range Automotive LiDAR, Others), Aerospace And Defense (Night Vision, Security Cameras, Others), Consumer Electronics And Commercial Applications (Mobile Phones, AR / VR, Drones, Tablets And Notebooks, Others), Forensic Analysis, Agriculture (Multispectral And Hyperspectral Images, Visual And Spatial Information), Pharmaceuticals, Others); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa,Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030

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