What is Commercial Infrared Camera Market?
The rapid development of high-performance IR cameras will help to boost the global Commercial Infrared Camera in the forecasted period. An infrared camera is a non-contact temperature measurement device. The huge adoption in the automobile industry for advanced driver assistance systems (ADAS) in the future and investments in autonomous cars. The covid 19 impacted highly on the Commercial Infrared Camera market. The supply chain for raw material and import-export activities of the product are shut down in the pandemic period. Also, product innovation will act as the driver of the global market.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Commercial Infrared Camera market is expected to see growth rate of 8.2%
Leonardo DRS(United States), Global Sensor Technology Co., ltd. (China), Xenics (Belgium), AIM Infrarot-Module GmbH (Germany), Lynred (France), FLIR System Inc. (United States), L3 Technologies (United States), Boston Electronics Corporation (United States), Hamamatsu Photonics. (Japan) and Raytheon Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Seek Thermal, Inc. (United States), Fluke Corporation (United States), Testo AG (Germany) and HGH-Infrared (France).
The Commercial Infrared Camera market is highly competitive with a large number of players in the market. The low-entry barriers for new entrants are expected to further increase market competitiveness. Market players are investing in supplier companies to enhance their product ability. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Commercial Infrared Camera market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Commercial Infrared Camera market by Type, Application and Region.
On the basis of geography, the market of Commercial Infrared Camera has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The high demand in Incorporating infrared cameras in smartphones at lower costs
- The rapid development of high-performance IR cameras
- The high adoption of Microbolometer development has resulted in increased commercialization
- The rising awareness of thermal imaging
- The Concern related high cost of cameras
- The growing demand for IR cameras across several emerging market
- High adoption of Integration of IR cameras in autonomous vehicles
- The issues related to stringent export and import regulations in the U.S.
Market Leaders and some development strategies
In May 2020, FLIR Systems announced the "FLIR C5 Compact" thermal camera with a built-in FLIR Ignite cloud connectivity and additional Wi-Fi features for users in the manufacturing, building maintenance, and utility industries. The FLIR C5 product is designed as an easy-to-carry thermal camera, providing easy sharing tools and reduced diagnostic time for commercial electrical testing.
In May 2020, Teledyne DALSA announced its SWIR scan camera for machine vision. The newly developed product features a cutting-edge InGaAs sensor in a compact package suitable for various applications, including recycling, food & packaged good inspection, mineral sorting, and solar & silicon wafer inspection.
Key Target AudienceManufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Commercial Infrared Camera Market?
"The high demand in Incorporating infrared cameras in smartphones at lower costs
" is seen as one of major growth factors of Commercial Infrared Camera Market in years to come.
2. Can we have customized study for Commercial Infrared Camera Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Commercial Infrared Camera Market?
North America will lead the Commercial Infrared Camera Market.