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IR (Infrared) Camera Market 2019: Comprehensive Analysis by Top Key Companies, Industry Growth, Size, Share, Market Insights, Sales Volume and Forecast to 2024

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The “IR (Infrared) Camera Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. IR (Infrared) Camera Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. IR (Infrared) Camera market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of IR (Infrared) Camera Market Are:

  • 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.

    IR (Infrared) Camera Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global IR (Infrared) Camera market?
    • What are the key market trends impacting the growth of the global IR (Infrared) Camera market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global IR (Infrared) Camera market?
    • What are the market opportunities and threats faced by the vendors in the global IR (Infrared) Camera market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global IR (Infrared) Camera market?

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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.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the IR (Infrared) Camera Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the IR (Infrared) Camera.

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    Report Objectives:

    • Analyzing the size of the IR (Infrared) Camera market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global IR (Infrared) Camera market.
    • Determining the key dynamics of the IR (Infrared) Camera market.
    • Highlighting significant trends of the IR (Infrared) Camera market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the IR (Infrared) Camera market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global IR (Infrared) Camera market.

    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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