The Global IR
(Infrared) Camera Market research report interprets
definition, an investigation of significant progress in the industry. It
provides overall industry survey, product description, wide array of
applications, top players, and development forecast. It enhances understanding
about that market along with new business trends.
The global Infrared camera
market was $4.18 billion in 2015. It is expected to grow at CAGR of 9.5%.
Declining prices due to technological development and increased demand through
verticals including defense and security industries are projected to fuel the
growth of infrared camera market in the forthcoming years. Moreover, increasing
integration of cutting-edge thermal cameras in commercial applications and
smartphones coupled with high demand for surveillance and security cameras with
greater pixels per inch across the defense industry provides numerous
opportunities to the Infrared camera market.
Due to rising adoption of
IR cameras in industrial and commercial applications, these are used across
numerous surveillance & security applications. Further, increased
commercialization due to developments in the microbolometer technology is also
anticipated to drive market growth in the upcoming years.
High-resolution smartphones
and cameras are anticipated to provide an ample opportunity for the growth of
the market. Moreover, infrared cameras play a significant role in providing a
night-vision option for vehicles. For example, FLIR Systems offers camera cores
for BMW, Rolls Royce, Mercedes-Benz, and Audi.
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Main features of the report:
·
To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global IR (Infrared) Camera Market.
·
A complete
backdrop analysis, which includes an assessment of the parent market
·
Important
changes in market dynamics
·
Market
segmentation up to the second or third level
·
To provide
country level analysis of the market for segment by application, product type
and sub-segments.
·
To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
·
Track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global IR (Infrared) Camera Market.
·
Emerging
niche segments and regional markets
·
An
objective assessment of the trajectory of the industry.
Material Insights
Germanium lenses dominate
the IR camera market share, followed by silicon and is anticipated to retain
its dominance from 2016 to 2024 because they are non-hygroscopic and have
advanced mechanical properties. Further, Germanium is a good emitter of the
infrared, which will impact positively on the market growth of the IR camera
over the forecast period.
The ZnSe (Zinc Selenide)
lenses are estimated to grow at a higher rate than the global average. ZnSe
lenses have greater resistance to thermal waves and low absorption coefficient.
Sapphire segment is very durable, extremely hard and show a good transmission
range. This section of lenses can be used in extreme weather conditions.
Silicon’s low density (2.329 g/cm3) is perfect for use in the weight-sensitive
applications. Silicon lens is a less brittle alternative for Germanium lens.
Application Insights
The global infrared camera
market has witnessed substantial demand due to increasing adoption of it in
several applications. The defense sector is anticipated to dominate the market
over the upcoming years, owing to higher investments in the Asia Pacific and
the Middle East regions. Infrared camera applications for infrastructure
cabling and video surveillance are also anticipated to fuel market growth.
Rising adoption in the commercial application sector is expected to extend fuel
market growth. The medical imaging segment is estimated to witness substantial
growth over the upcoming years. The medical imaging industry is supposed to see
significant growth over the next years. Increasing demand in hospitals to
detect life-threatening diseases like tumors or cancer urge Infrared camera
market adoption. This can be accredited to the increase in the use of infrared
camera across several applications including security & surveillance,
thermography, and transportation systems. Rising demand in hospitals to detect
life-threatening diseases
like tumors or cancer urge Infrared camera market adoption. Also, IR camera can
be used in several applications like security & surveillance, thermography,
and transportation systems.
Regional Insights
North America dominated the
overall market share of the IR cameras in 2013. Technological developments
coupled with the existence of the primary industries are anticipated to
contribute to the regional market growth. Asia-Pacific countries are expected
to grow at a higher pace over the next six years. Rising in defense spending,
particularly in China, Japan, South Korea and India, it is expected to impact
the regional market positively.
Competitive Insights
Surveillance and Security
dominate the market share of the revenue of commercial applications, and a few
main IR camera manufacturers such as FLIR Systems (U.S.), Samsung Techwin
(South Korea), Axis Communications AB (Sweden) are progressively focusing on
this market. Technological developments paired with a reduction in cost and
price are anticipated to be the primary factors driving infrared camera demand.
Other market players include Seek Thermal Inc., Raytheon Company and Testo AG,
Fluke Corp.
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