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Analysis of IR (Infrared) Camera Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

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The “IR (Infrared) Camera Market” research report 2019-2024 delivers comprehensive information and valuable insights about the IR (Infrared) Camera industry. The information available in the IR (Infrared) Camera market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. IR (Infrared) Camera market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the IR (Infrared) Camera Market:

  • Flir Systems Inc.
  • SPI Corporation
  • Opgal Optronics Industries Ltd.
  • Raytheon Company
  • Seek Thermal Inc.
  • Fluke Corporation
  • Testo AG
  • HGH Infrared Systems
  • Teledyne Dalsa Inc.
  • DRS Technologies Inc.
  • Optris Infrared Sensing, LLC
  • Xenics NV

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    Market Overview:

  • The IR camera market was valued at USD 5.63 billion in 2018, and it is expected to reach a value of USD 9.15 billion by 2024, at a CAGR of 8.3% over the forecast period (2019-2024). With increasing demand for advance driver assistance systems (ADAS) in future and investments in autonomous cars, IR cameras are expected to witness a significant adoption in vehicles.
  • The demand for surveillance has increased across various applications, such as military and defense, energy, and commercial spaces (such as banks) etc. With energy usage becoming a crucial part of the global strategy to manage natural resources, solar energy is gaining prominence. As solar power is becoming increasingly popular and solar panels are a costly and vulnerable commodity, good security is a must.
  • IR imaging has shown to be a better tool for the quantitative measurement of temperature than single spot infrared thermometers. However, these cameras can encounter errors in acquiring accurate temperature measurements in the presence of other environmental heat sources.
  • Asia-Pacific offers potential growth opportunities due to the rise in technology penetration, high defense spending, and presence of a large number of small and medium enterprises (SMEs).

    Scope of the Report:

  • An infrared camera is a non-contact device that detects infrared energy (heat) and converts it into an electronic signal, which is then processed to produce a thermalimage on a video monitor and perform temperature calculations.

    Reasons for Buying IR (Infrared) Camera Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    LWIR and MWIR is Expected to have Significant Growth

    LWIR and MWIR are the most used wavelengths of IR camera for security and surveillance applications. However, there are certain applications where LWIR is more efficient than MWIR, including objects of detection that span a very wide temperature range requiring intra-scene imaging of both hot and cold objects.
    In harsh environments, where MWIR may not perform well in imaging through smoke or aerosols, LWIR is usually the chosen technology. These mainly include the firefighting and military applications.
    Also, for most of the surveillance situations (man or vehicle to be detected within ambient temperature background), there is more flux (thermal energy emitted by the targets and by the environmental background), which is not efficiently contained by the MWIR due to the lack of band availability. Such applications have also witnessed the increased adoption of LWIR.

    Asia-Pacific Region is Expected to Have Highest Growth

    In China, IR cameras are witnessing an increased adoption in armed forces, owing to their day-night working capability and their ability to perform well in all weather conditions. For instance, the government of China offers huge military budgets for the incorporation of modern technology, owing to reforms by the Chinese communist party.
    One of the world’s largest makers of drones, Chinese DJI, has partnered up with FLIR Systems, to bring infrared cameras to DJI’s drones. DJI is providing drones attached with thermal imaging cameras, which were used by coast guards, and are now also available at lower costs to the public for recreational purposes.
    Furthermore, Southern China plays a significant role in the Chinese IR camera industry, as it acts as an access to the international technological and market hub Hong Kong. This makes it easier for players in Shenzhen to purchase IR LEDs, a key component in IR cameras, which give them an edge over their competitors in Northern and Eastern China.

    IR (Infrared) Camera Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of IR (Infrared) Camera Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Demand for Surveillance Across Various Verticals
    4.3.2 Gradually Decreasing Costs of Thermal Cameras
    4.3.3 Rapid Development of High Performance Infrared Cameras
    4.4 Market Restraints
    4.4.1 Lack of Accuracy in IR Camera Functionality
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Detector
    5.1.1 Cooled
    5.1.2 Uncooled
    5.2 By Material
    5.2.1 Germanium
    5.2.2 Silicon
    5.2.3 Sapphire
    5.2.4 Other Materials
    5.3 By Type
    5.3.1 Short-wavelength IR
    5.3.2 Medium-wavelength IR
    5.3.3 Long-wavelength IR
    5.4 By End-user Vertical
    5.4.1 Military and Defense
    5.4.2 Automotive
    5.4.3 Industrial
    5.4.4 Commercial
    5.4.5 Residential
    5.4.6 Other End-user Verticals
    5.5 Geography
    5.5.1 North America
    5.5.1.1 United States
    5.5.1.2 Canada
    5.5.2 Europe
    5.5.2.1 Germany
    5.5.2.2 United Kingdom
    5.5.2.3 France
    5.5.2.4 Rest of Europe
    5.5.3 Asia-Pacific
    5.5.3.1 China
    5.5.3.2 Japan
    5.5.3.3 India
    5.5.3.4 Rest of Asia-Pacific
    5.5.4 Rest of the World (Latin America, Middle East and Africa)

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Flir Systems Inc.
    6.1.2 SPI Corporation
    6.1.3 Opgal Optronics Industries Ltd.
    6.1.4 Raytheon Company
    6.1.5 Seek Thermal Inc.
    6.1.6 Fluke Corporation
    6.1.7 Testo AG
    6.1.8 HGH Infrared Systems
    6.1.9 Teledyne Dalsa Inc.
    6.1.10 DRS Technologies Inc.
    6.1.11 Optris Infrared Sensing, LLC
    6.1.12 Xenics NV

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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