IR Cameras Market Scope
An IR camera is a non-contact device, which detects infrared energy and converts it into an electronic signal, which is then processed to produce a thermal image on a video monitor and perform temperature calculations. Infrared (IR) cameras are also known as thermal imaging camera or night vision security cameras. The camera has an IR LED positioned around the outer edges of the camera lens, which gives the camera its night vision. These cameras can capture acceptable video in total darkness and even better quality video in low light. Infrared (IR) cameras are available in various body styles, such as bullet and dome styles. Furthermore, recent innovations, particularly detector technology, the incorporation of built-in visual imaging, infrared software development, and automatic functionality, among others, deliver more cost-effective thermal analysis solutions than ever before. The market is expected to grow significantly with the highest CAGR during the forecast period.
The market study is segmented by Type (Fixed Mount Infrared Cameras and Portable Infrared Cameras), by Application (Consumer Electronics, Surveillance, Automotive, Aerospace & Defense, Industrial, Medical, Firefighting and Others) and major geographies with country level break-up. According to AMA, the Global IR Cameras market is expected to see growth rate of 8.11% and may see market size of USD9.25 Billion by 2024.
Research Analyst at AMA estimates that United States and Chinese Players will contribute to the maximum growth of Global IR Cameras market throughout the predicted period.
FLIR Commercial Systems (United Kingdom), Flylink Tech Co., Ltd. (China), Fujian Forecam Optics Co., Ltd. (China), Magnity Electronics Co. Ltd (China), Optotherm, Inc. (United States), InfraTec GmbH Infrarotsensorik und Messtechnik (Germany), DRS Technologies Inc. (United States), Fluke Corporation (United States), Hanwha Techwin (South Korea), Infrared cameras, Inc. (United States), Infrared Integrated Systems Ltd (IRISYS) (United Kingdom) and Pelco Corporation (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global IR Cameras market by Type, Application and Region.
On the basis of geography, the market of IR Cameras 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).
Market Leaders and their expansionary development strategies
On 13 Sept. 2019, Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems, announced the signing of a strategic cooperation agreement with Wuhan Guide Infrared Co. Ltd. The agreement includes safety and regulatory collaboration, wherein both companies will cooperate in order to ensure that the infrared cameras manufactured by Guide Infrared meet the automotive industry’s regulatory standards and end customers’ quality requirements.
On 17 Sept 2019, Hanwha Techwin has Launched Wisenet Q Flateye IR Dome Cameras for High Humidity Environment. and On 5 March 2018, Hanwha Techwin’s launched the Wisenet Flateye IR dome cameras, designed for high humidity environments and for where condensation might occur because of temperature differences.
- Growing Demand for Infrared Camera with the Highest Detector Resolution/Image Quality
- Rising Demand in Sectors Such As Assessing Moisture, Electrical Defect Detection, Plumbing Blockages, and Leaks Identification
- Growing Consumer Application in Personal Vision for Radiometric
- Surging Demand for Infrared Cameras from Aerospace and Defense Sector
- Technological Advancements in IR Cameras
- The Emerging Demand from Developing Countries
- A High Cost of the Product May Hamper the Growth of the Market
- Uncertainty in Infrared Cameras Accuracy
Key Target AudienceIR Cameras Manufacturers, IR Cameras Traders/Distributors, IR Cameras Importer/Exporter, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase