Global IR (Infrared) Camera Industry to reach USD 9.1 billion by 2025.
Global IR (Infrared) Camera Industry valued approximately USD 4 billion in 2016 is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2019-2025.
Decreasing prices owing to technological proliferation is expected to be a key growth factor for the Infrared (IR) camera Industry. Increased commercialization owing to advancements in microbolometer technology is also expected to fuel Industry growth over the next few years. On account of increased adoption in industrial and commercial applications, they are used across numerous security & surveillance applications.
Recent technological advancements have led to miniaturization, which is expected favorably impact Industry growth over the forecast period. These cameras are capable of viewing across a long-wave infrared region ,and can also detect objects in total darkness. High investment, availability of cost-effective products due to mass production, and a range of diverse applications integrating this technology are expected to be the key Industry drivers. Further, the IR camera Industry is also expected to witness growth owing to declining product price.
Decreasing defense budgets in developed Industrys are expected to pose a challenge to Industry growth over the forecast period. Increasing adoption of high-resolution cameras and smartphones is expected to provide a sizeable sizable opportunity for Industry growth. Further, IR camera plays a significant part in providing night-vision option for automobiles. For instance, FLIR Systems provides camera cores for Rolls Royce, BMW, Audi and Mercedes-Benz models through a partnership with Autoliv Electronics.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
IR (Infrared) Camera Industry Share and Size by 2019-2025
IR (Infrared) Camera Market Segmentation:
* Zinc Selenide
* Military & Defence
* Medical Imagining
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in IR (Infrared) Camera Market are as follows:
Axis Communications AB
DRS Technologies Inc.
E.D. Bullard Company
FLIR Systems, Inc
General Dynamics Corporation
Guangzhou SAT Infrared Technology Co., Ltd
Infrared Integrated Systems Ltd (IRISYS)