Infrared Camera Market was valued at US$ 6.48 Bn. in 2020 and expected to grow at a CAGR of 7.98 % during the forecast period (2021-2027)
Infrared Camera Market Overview:
The market research study Infrared Camera examines and evaluates the market’s position during the predicted period. It is a thorough investigation that focuses on fundamental and secondary drivers, market dominance, key segments, and geographical analysis. The research also looks at key individuals, large collaborations, mergers, and acquisitions, as well as contemporary innovation and business strategy.
Market Scope:
We investigated the Infrared Camera Market from every angle, including both primary and secondary research methods. This improved our grasp of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, consumer behaviours, and so on. Following that, the data is collated and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
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The infrared camera market has been experiencing significant growth due to several key drivers. Firstly, the increasing demand for infrared cameras in various industries such as security and surveillance, automotive, healthcare, and aerospace has been a major driving force. These cameras offer enhanced visibility in low-light or adverse weather conditions, making them invaluable for night vision, perimeter monitoring, and navigation applications.
Restraints
In this Report we provide a concise introduction to the news or update being announced. Mention the significance of the development and its relevance to the company’s overall objectives and mission. offer background information or context to help readers understand the importance of the news. Provide a brief overview of the company’s history, achievements, and any relevant information that sets the stage for the announcement.
Segmentation
By Product
Fixed, Handheld, and Pan-Tilt-Zoom cameras make up the three sub-segments of the infrared camera industry. With a 48% share in 2020, the fixed segment dominated the world market. The manufacturing and security industries are increasingly using fixed cameras, which is fueling market expansion. The industries can increase product quality and manufacturing efficiency because to the fixed segment’s extremely high precision. Due to their ability to provide alert systems during fires, catastrophic failures, and similar industrial risks, fixed camera segments are significantly contributing to worker safety. The market for fixed infrared cameras is experiencing tremendous demand due to its growing use in airport security, traffic management, and the military to identify things at night.
The Infrared Camera market is sub-segmented into Cooled and Uncooled. The uncooled segment dominates the global market and was valued at US$ 3.9 Bn in 2020. This uncooled segment works without the use of cryogenic cooling and is less expensive. The presence of high sensitivity and contrast levels and increased use in humid climates are adding an advantage to the global market. Due to its compact size, the uncooled segment is widely used in military and surveillance applications. The uncooled segments require low annual servicing cost and provide fast thermal and video focus, it also consists of thermal camera video stabilization and tracking option.
Application
The commercial, government & defence, healthcare, and industrial subsegments of the worldwide infrared camera market. The market is dominated by the Government & Defence sector, which had a 40% share in 2020. These infrared cameras are widely employed in coastal surveillance and border security to protect the country. In adverse weather circumstances like fog and dust, the employment of sophisticated technology enables the detection of all types of things that are invisible to the human sight. In order to create infrared cameras, “Defence Science and Technology Group (DSTG) and DEWC Services” teamed together in December 2021. With the use of a dual-band imager that is ground-based, this device can detect and track aeroplanes based on their emission.
1 Global Infrared Camera Market, by Product (2020-2027)
• Fixed
• Handheld
• Pan-Tilt-Zooms
2 Global Infrared Camera Market, by Technology (2020-2027)
• Cooled
• Uncooled
3 Global Infrared Camera Market, by Application (2020-2027)
• Commercial
• Government & Defense
• Healthcare
• Industrial
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Key player
• Bosch Sicherheits systeme GmbH
• Sofradir Group
• L3 Technologies, Inc.
• Leonardo DRS
• Axis Communications AB
• Zhejiang Dali Technology Co. Ltd.
• General Dynamics Mission Systems, Inc.
• FLIR Systems, Inc.
• SATIR Trade UK Co.
• FLIR Systems
• Fluke
• Sofradir Group
• Sensors Unlimited
• Axis Communications
• Xenics
• New Imaging Technologies
• Allied Vision Technologies
• Lynred
Conclusion
The comprehensive analysis of the Infrared Camera Market provides a clear and futuristic view of the industry to decision-makers. The report serves as a valuable guide for investors, offering insights into competitive analysis, market dynamics, market segments, and growth strategies of key players in the OLED market.
Key Questions Answered in the Infrared Camera Market Report are:
- What are the most potential high-growth prospects in the worldwide Infrared Camera industry, broken down by product category, End User, and Region?
- Which Infrared Camera market categories will grow the most rapidly, and why?
- Which regions will grow faster, and why?
- What are the major factors impacting Infrared Camera market dynamics? What are the Infrared Camera market’s major drivers and challenges?
- What are the business risks and dangers in the Infrared Camera market?
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