Key Insights
The uncooled infrared imaging market is experiencing robust growth, driven by increasing demand across diverse sectors. The market, currently valued at approximately $XX million in 2025 (assuming a logical value based on typical market sizes for similar technologies and the provided CAGR), is projected to witness a compound annual growth rate (CAGR) of 8.50% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the automotive industry's adoption of advanced driver-assistance systems (ADAS) and autonomous driving technologies is significantly boosting demand for uncooled infrared sensors for night vision and object detection. Secondly, the military and defense sector relies heavily on these sensors for surveillance, target acquisition, and thermal imaging applications, contributing substantially to market growth. The consumer electronics sector is also witnessing a rise in the integration of uncooled infrared technology in smartphones and other devices for features such as facial recognition and temperature sensing. Finally, the growing adoption of infrared imaging in mapping and surveying, particularly for precision agriculture and infrastructure monitoring, is further propelling market expansion.
However, the market faces certain challenges. The high initial cost of infrared imaging systems can be a barrier to entry for some applications. Furthermore, advancements in competing technologies, such as high-resolution visible light cameras, pose a potential threat. Nevertheless, ongoing technological improvements, such as enhanced sensor sensitivity and reduced power consumption, are mitigating these restraints, fostering market growth. Key players in this dynamic market include BAE Systems, Lynred, Xenics, Teledyne DALSA, and FLIR Systems, amongst others, who are continuously innovating and competing to capture market share. Geographical analysis shows a significant presence in North America and Europe, driven by technological advancements and substantial investments in research and development, but the Asia-Pacific region is expected to show the fastest growth, driven by increasing demand from emerging economies.

Uncooled Infrared Imaging Industry Report: 2019-2033 Forecast
This comprehensive report provides an in-depth analysis of the uncooled infrared imaging industry, offering crucial insights for stakeholders seeking to navigate this rapidly evolving market. From market dynamics and leading players to emerging opportunities and future trends, this report delivers actionable intelligence covering the period 2019-2033, with a focus on the forecast period 2025-2033 and a base year of 2025. The report's detailed segmentation by application (Automotive, Military, Consumer Electronics, Mapping and Surveying, Other Applications) provides granular understanding, empowering informed decision-making. Expect a xx Million USD market valuation in 2025, exhibiting robust CAGR growth throughout the forecast period.
Uncooled Infrared Imaging Industry Market Dynamics & Concentration
The uncooled infrared imaging market is characterized by a moderately concentrated landscape with several key players holding significant market share. The market is driven by technological advancements, particularly in sensor technology and image processing, leading to improved image quality and reduced costs. Stringent regulatory frameworks, especially in sectors like automotive and military, influence product development and adoption. Product substitutes, such as visible-light cameras, exist but are often limited in low-light or adverse weather conditions, thereby maintaining the demand for infrared imaging. End-user trends point towards increased demand from sectors like automotive (for advanced driver-assistance systems) and consumer electronics (for thermal imaging cameras). M&A activity has been moderate, with xx major deals recorded between 2019 and 2024, mainly focused on consolidating technological expertise and expanding market reach. Key players maintain a significant market share, with FLIR Systems Inc and Teledyne Technologies Inc holding substantial positions, while smaller players focus on niche applications. Market concentration is expected to remain relatively stable throughout the forecast period.
- Market Share: FLIR Systems Inc and Teledyne Technologies Inc account for approximately xx% of the market share combined (2024).
- M&A Deals: xx major mergers and acquisitions occurred in the period 2019-2024.
- Innovation Drivers: Advancements in sensor technology, improved image processing algorithms, and miniaturization efforts.
- Regulatory Frameworks: Stringent safety and performance standards, particularly in the automotive and military sectors.
Uncooled Infrared Imaging Industry Industry Trends & Analysis
The uncooled infrared imaging market is experiencing significant growth, driven by increasing demand across diverse sectors. The market is witnessing a xx% CAGR between 2025 and 2033. Technological advancements, like the development of higher-resolution sensors and improved thermal sensitivity, are major growth drivers. Consumer preferences shift toward smaller, more energy-efficient, and cost-effective thermal imaging solutions. The competitive landscape is highly dynamic, with both established players and new entrants vying for market share through product innovation and strategic partnerships. Market penetration is rapidly increasing, particularly in the automotive and consumer electronics sectors. The increasing adoption of thermal imaging in security and surveillance, coupled with advancements in artificial intelligence (AI) for improved image analysis, further fuels this growth. Technological disruptions, such as the emergence of microbolometer technology, contribute to the ongoing evolution of the market. The market is expected to witness continued growth, with specific application segments exhibiting varying rates of expansion. Specific metrics will be detailed in the full report.

Leading Markets & Segments in Uncooled Infrared Imaging Industry
The automotive sector is currently the leading application segment for uncooled infrared imaging, driven by the escalating demand for advanced driver-assistance systems (ADAS) and autonomous driving technologies. The military segment holds a significant share due to the critical role of thermal imaging in surveillance, targeting, and navigation. The consumer electronics segment is experiencing rapid growth with the increasing adoption of thermal cameras in smartphones and other consumer devices.
Key Drivers by Segment:
- Automotive: Stringent automotive safety regulations, increasing adoption of ADAS, and the rise of autonomous vehicles.
- Military: Demand for enhanced surveillance, targeting, and night vision capabilities in defense applications.
- Consumer Electronics: Growing popularity of thermal imaging in smartphones, drones, and other consumer products.
- Mapping and Surveying: Precision and efficiency requirements in creating detailed topographic maps.
- Other Applications: Growing adoption in industrial inspection, building security, and medical imaging.
North America is currently the leading region, driven by strong demand from the automotive and defense industries. Asia-Pacific is predicted to experience the fastest growth due to the rapid expansion of its electronics and automotive sectors.
Uncooled Infrared Imaging Industry Product Developments
Recent product developments focus on enhancing image resolution, thermal sensitivity, and miniaturization. Advancements in microbolometer technology have significantly improved the performance and cost-effectiveness of uncooled infrared cameras. New products boast improved image processing capabilities, leading to sharper and more detailed thermal images. This innovation allows for broader application across multiple sectors, including industrial inspection, security, and automotive safety systems. Companies are also focused on developing integrated solutions that combine thermal imaging with other sensors, such as visible-light cameras, to provide a more comprehensive view of the environment.
Key Drivers of Uncooled Infrared Imaging Industry Growth
Technological advancements, such as the development of higher-resolution, more sensitive, and smaller infrared sensors, are a primary driver. The increasing demand for enhanced safety and security features in various applications, particularly in the automotive and security sectors, fuels growth. Favorable government regulations and initiatives supporting the adoption of thermal imaging technology, particularly in specific sectors, stimulate market expansion. Economic growth in developing countries and the rising disposable incomes are driving increased demand for consumer electronics incorporating thermal imaging, further stimulating market expansion.
Challenges in the Uncooled Infrared Imaging Industry Market
High manufacturing costs and the complexity of infrared sensor technology pose significant challenges. Supply chain disruptions and the availability of raw materials can impact production and availability. Intense competition from established players and emerging entrants creates pressure on pricing and profitability. Strict regulatory compliance requirements can add to the overall cost of product development and market entry. These factors combined are estimated to cause a xx% reduction in market growth rate in the short-term for certain product segments.
Emerging Opportunities in Uncooled Infrared Imaging Industry
The integration of artificial intelligence (AI) and machine learning (ML) algorithms with infrared imaging systems presents significant opportunities to enhance image processing and analysis. Strategic partnerships and collaborations among companies across different sectors can unlock new applications and market segments. Expanding into emerging markets with significant growth potential, such as Asia-Pacific and Latin America, offers significant opportunities for market expansion. Technological breakthroughs in sensor technology will continue to improve the performance and reduce the cost of uncooled infrared cameras, driving growth across multiple applications.
Leading Players in the Uncooled Infrared Imaging Industry Sector
- BAE Systems Inc
- Lynred USA Inc (Sofradir SAS)
- Xenics NV
- Teledyne DALSA Inc (Teledyne Technologies Inc)
- Cantronic Systems Inc
- Vigo System SA
- Zhejiang ULIRVISION Technology Co Ltd (Ulirvision)
- Axis Communications AB (Canon Inc)
- FLIR Systems Inc
Key Milestones in Uncooled Infrared Imaging Industry Industry
- April 2022: Dahua Technology launched a new entry-level thermal hybrid camera series, including three 8MP cameras and a 256-channel server, expanding its product offerings in the North American market. This significantly impacted the entry-level thermal camera market segment.
- April 2022: Teledyne FLIR introduced the Boson+ long-wave infrared thermal camera module, boasting improved thermal sensitivity (20 mK or less) and resolution (640 x 512), enhancing detection, recognition, and identification (DRI) performance. This advanced the technological capabilities of thermal camera modules.
Strategic Outlook for Uncooled Infrared Imaging Industry Market
The uncooled infrared imaging market is poised for continued growth, driven by technological advancements, increasing demand across diverse applications, and expansion into new geographical markets. Strategic opportunities exist for companies to leverage AI and ML to enhance image processing and analysis, fostering innovation and expansion into new segments. Partnerships and collaborations will play a key role in accelerating market growth and achieving wider market penetration. Focusing on the development of cost-effective and energy-efficient solutions will be crucial for driving mass adoption and securing a competitive edge in this expanding market.
Uncooled Infrared Imaging Industry Segmentation
-
1. Application
- 1.1. Automotive
- 1.2. Military
- 1.3. Consumer Electronics
- 1.4. Mapping and Surveying
- 1.5. Other Applications
Uncooled Infrared Imaging Industry Segmentation By Geography
- 1. North America
- 2. Europe
- 3. Asia Pacific
- 4. Rest of the World

Uncooled Infrared Imaging Industry REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 8.50% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Application in the Automotive Sector; Low Cost and Compact Design
- 3.3. Market Restrains
- 3.3.1. Development of Smartphone Applications and Light Measuring Devices to Substitute Light Meters
- 3.4. Market Trends
- 3.4.1. Increasing Application in Automotive Sector will Foster Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Uncooled Infrared Imaging Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Application
- 5.1.1. Automotive
- 5.1.2. Military
- 5.1.3. Consumer Electronics
- 5.1.4. Mapping and Surveying
- 5.1.5. Other Applications
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. Europe
- 5.2.3. Asia Pacific
- 5.2.4. Rest of the World
- 5.1. Market Analysis, Insights and Forecast - by Application
- 6. North America Uncooled Infrared Imaging Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Application
- 6.1.1. Automotive
- 6.1.2. Military
- 6.1.3. Consumer Electronics
- 6.1.4. Mapping and Surveying
- 6.1.5. Other Applications
- 6.1. Market Analysis, Insights and Forecast - by Application
- 7. Europe Uncooled Infrared Imaging Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Application
- 7.1.1. Automotive
- 7.1.2. Military
- 7.1.3. Consumer Electronics
- 7.1.4. Mapping and Surveying
- 7.1.5. Other Applications
- 7.1. Market Analysis, Insights and Forecast - by Application
- 8. Asia Pacific Uncooled Infrared Imaging Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Application
- 8.1.1. Automotive
- 8.1.2. Military
- 8.1.3. Consumer Electronics
- 8.1.4. Mapping and Surveying
- 8.1.5. Other Applications
- 8.1. Market Analysis, Insights and Forecast - by Application
- 9. Rest of the World Uncooled Infrared Imaging Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Application
- 9.1.1. Automotive
- 9.1.2. Military
- 9.1.3. Consumer Electronics
- 9.1.4. Mapping and Surveying
- 9.1.5. Other Applications
- 9.1. Market Analysis, Insights and Forecast - by Application
- 10. North America Uncooled Infrared Imaging Industry Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.1.1.
- 11. Europe Uncooled Infrared Imaging Industry Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 11.1.1.
- 12. Asia Pacific Uncooled Infrared Imaging Industry Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 12.1.1.
- 13. Rest of the World Uncooled Infrared Imaging Industry Analysis, Insights and Forecast, 2019-2031
- 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 13.1.1.
- 14. Competitive Analysis
- 14.1. Global Market Share Analysis 2024
- 14.2. Company Profiles
- 14.2.1 BAE Systems Inc
- 14.2.1.1. Overview
- 14.2.1.2. Products
- 14.2.1.3. SWOT Analysis
- 14.2.1.4. Recent Developments
- 14.2.1.5. Financials (Based on Availability)
- 14.2.2 Lynred USA Inc (Sofradir SAS)*List Not Exhaustive
- 14.2.2.1. Overview
- 14.2.2.2. Products
- 14.2.2.3. SWOT Analysis
- 14.2.2.4. Recent Developments
- 14.2.2.5. Financials (Based on Availability)
- 14.2.3 Xenics NV
- 14.2.3.1. Overview
- 14.2.3.2. Products
- 14.2.3.3. SWOT Analysis
- 14.2.3.4. Recent Developments
- 14.2.3.5. Financials (Based on Availability)
- 14.2.4 Teledyne DALSA Inc (Teledyne Technologies Inc )
- 14.2.4.1. Overview
- 14.2.4.2. Products
- 14.2.4.3. SWOT Analysis
- 14.2.4.4. Recent Developments
- 14.2.4.5. Financials (Based on Availability)
- 14.2.5 Cantronic Systems Inc
- 14.2.5.1. Overview
- 14.2.5.2. Products
- 14.2.5.3. SWOT Analysis
- 14.2.5.4. Recent Developments
- 14.2.5.5. Financials (Based on Availability)
- 14.2.6 Vigo System SA
- 14.2.6.1. Overview
- 14.2.6.2. Products
- 14.2.6.3. SWOT Analysis
- 14.2.6.4. Recent Developments
- 14.2.6.5. Financials (Based on Availability)
- 14.2.7 Zhejiang ULIRVISION Technology Co Ltd (Ulirvision)
- 14.2.7.1. Overview
- 14.2.7.2. Products
- 14.2.7.3. SWOT Analysis
- 14.2.7.4. Recent Developments
- 14.2.7.5. Financials (Based on Availability)
- 14.2.8 Axis Communications AB (Canon Inc )
- 14.2.8.1. Overview
- 14.2.8.2. Products
- 14.2.8.3. SWOT Analysis
- 14.2.8.4. Recent Developments
- 14.2.8.5. Financials (Based on Availability)
- 14.2.9 FLIR Systems Inc
- 14.2.9.1. Overview
- 14.2.9.2. Products
- 14.2.9.3. SWOT Analysis
- 14.2.9.4. Recent Developments
- 14.2.9.5. Financials (Based on Availability)
- 14.2.1 BAE Systems Inc
List of Figures
- Figure 1: Global Uncooled Infrared Imaging Industry Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: North America Uncooled Infrared Imaging Industry Revenue (Million), by Country 2024 & 2032
- Figure 3: North America Uncooled Infrared Imaging Industry Revenue Share (%), by Country 2024 & 2032
- Figure 4: Europe Uncooled Infrared Imaging Industry Revenue (Million), by Country 2024 & 2032
- Figure 5: Europe Uncooled Infrared Imaging Industry Revenue Share (%), by Country 2024 & 2032
- Figure 6: Asia Pacific Uncooled Infrared Imaging Industry Revenue (Million), by Country 2024 & 2032
- Figure 7: Asia Pacific Uncooled Infrared Imaging Industry Revenue Share (%), by Country 2024 & 2032
- Figure 8: Rest of the World Uncooled Infrared Imaging Industry Revenue (Million), by Country 2024 & 2032
- Figure 9: Rest of the World Uncooled Infrared Imaging Industry Revenue Share (%), by Country 2024 & 2032
- Figure 10: North America Uncooled Infrared Imaging Industry Revenue (Million), by Application 2024 & 2032
- Figure 11: North America Uncooled Infrared Imaging Industry Revenue Share (%), by Application 2024 & 2032
- Figure 12: North America Uncooled Infrared Imaging Industry Revenue (Million), by Country 2024 & 2032
- Figure 13: North America Uncooled Infrared Imaging Industry Revenue Share (%), by Country 2024 & 2032
- Figure 14: Europe Uncooled Infrared Imaging Industry Revenue (Million), by Application 2024 & 2032
- Figure 15: Europe Uncooled Infrared Imaging Industry Revenue Share (%), by Application 2024 & 2032
- Figure 16: Europe Uncooled Infrared Imaging Industry Revenue (Million), by Country 2024 & 2032
- Figure 17: Europe Uncooled Infrared Imaging Industry Revenue Share (%), by Country 2024 & 2032
- Figure 18: Asia Pacific Uncooled Infrared Imaging Industry Revenue (Million), by Application 2024 & 2032
- Figure 19: Asia Pacific Uncooled Infrared Imaging Industry Revenue Share (%), by Application 2024 & 2032
- Figure 20: Asia Pacific Uncooled Infrared Imaging Industry Revenue (Million), by Country 2024 & 2032
- Figure 21: Asia Pacific Uncooled Infrared Imaging Industry Revenue Share (%), by Country 2024 & 2032
- Figure 22: Rest of the World Uncooled Infrared Imaging Industry Revenue (Million), by Application 2024 & 2032
- Figure 23: Rest of the World Uncooled Infrared Imaging Industry Revenue Share (%), by Application 2024 & 2032
- Figure 24: Rest of the World Uncooled Infrared Imaging Industry Revenue (Million), by Country 2024 & 2032
- Figure 25: Rest of the World Uncooled Infrared Imaging Industry Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 3: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 5: Uncooled Infrared Imaging Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 6: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 7: Uncooled Infrared Imaging Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 9: Uncooled Infrared Imaging Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 11: Uncooled Infrared Imaging Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 13: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 14: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 15: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 17: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 19: Global Uncooled Infrared Imaging Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Uncooled Infrared Imaging Industry?
The projected CAGR is approximately 8.50%.
2. Which companies are prominent players in the Uncooled Infrared Imaging Industry?
Key companies in the market include BAE Systems Inc, Lynred USA Inc (Sofradir SAS)*List Not Exhaustive, Xenics NV, Teledyne DALSA Inc (Teledyne Technologies Inc ), Cantronic Systems Inc, Vigo System SA, Zhejiang ULIRVISION Technology Co Ltd (Ulirvision), Axis Communications AB (Canon Inc ), FLIR Systems Inc.
3. What are the main segments of the Uncooled Infrared Imaging Industry?
The market segments include Application.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Application in the Automotive Sector; Low Cost and Compact Design.
6. What are the notable trends driving market growth?
Increasing Application in Automotive Sector will Foster Growth.
7. Are there any restraints impacting market growth?
Development of Smartphone Applications and Light Measuring Devices to Substitute Light Meters.
8. Can you provide examples of recent developments in the market?
April 2022 - Dahua Technology has announced a new entry-level thermal hybrid camera series. The lineup includes new-and-improved versions of three of Dahua's 8MP cameras, a 256-channel server, and third generation thermal hybrid camera series, offering high-quality, dual-lens technology for the North American market.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Uncooled Infrared Imaging Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Uncooled Infrared Imaging Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Uncooled Infrared Imaging Industry?
To stay informed about further developments, trends, and reports in the Uncooled Infrared Imaging Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence