The Global IR (Infrared) Camera Market is expected to reach USD 5.10 billion by 2020,
according to a new study by Grand View Research, Inc. IR cameras help identify
the site of tissue damage in case of injuries, and are expected to witness
surging demand in medical imaging applications. They have been extensively used
by airports during the outbreak of epidemics to identify and screen passengers
with elevated body temperatures. Microbolometer development has resulted in
increased commercialization, which is also expected to be a key market driver.
High demand for IR cameras across several
emerging market segments including food service and distribution, healthcare
and screening, veterinary science, automotive care, maritime vessel inspections
and aircraft inspection offer opportunities for market growth. Incorporating
infrared cameras in smartphones at lower costs is expected to present vistas
for market growth for companies operating in the market. Declining defense
spending may pose a barrier to the global IR camera market over the next six
years.
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Further key findings from the study suggest:
· Germanium accounted for over 35% of the IR
camera market in 2013. Sapphire lenses are extremely hard, durable and exhibit
good transmission range covering UV to IR range. These lenses are suitable for
high-pressure, high power applications, and the segment is expected to witness
high growth over the next six years.
· Military and defense was the largest
application segment in 2013; these applications have challenging requirements
for temperature tolerance, ruggedness, and reliability. Reduction in IR camera
prices is expected to have a positive bearing on the penetration of technology
in security, surveillance, and automotive markets as technology plays an
important part in providing night-vision option in automobiles.
· North America is expected to be the key
regional market over the forecast period owing to presence of major industry
participants. Technological advancements along with the presence of key
industry players contributed to regional market growth. Furthermore, video
surveillance cabling and infrastructure market is expected to drive regional
market growth. Increased use in automotive, oil & gas and other commercial
applications is expected to play a pivotal role in the penetration of IR
cameras in Asia Pacific.
· Key companies operating in the market are
FLIR Systems, Axis Communications, Samsung Techwin, Fluke Corporation, Testo
AG, etc. Major market strategies adopted by industry participants include
product development and innovation, as well as mergers and acquisitions.
Grand View Research has segmented the
global IR camera market on the basis of material, application and region:
IR Camera Material Outlook (Revenue, USD
Million, 2012 - 2020)
·
Germanium
·
Silicon
·
Zinc Selenide
·
Sapphire
IR Camera Application Outlook (Revenue, USD
Million, 2012 - 2020)
·
Military & Defense
·
Industrial
·
Commercial
·
Medical Imaging
·
Others
IR Camera Regional Outlook (Revenue, USD
Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
