Global Infrared Camera Market Size is estimated to expand rapidly in coming years, at a CAGR of 8.6 % from 2018 to 2025. In 2017, the global market valuation was USD 4.32 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. A main growth factor for the Infrared camera (IR) industry is anticipated to be decreasing rates due to technology development. Increased commercialization is also anticipated to boost the market growth in the coming years due to developments in microbolometer technology. As acceptance in industrial and commercial apps has risen, they are used in a range of safety & monitoring applications.

Recent advances in technology have resulted in miniaturization, which over the projected duration is likely to positively affect market growth. These sensors can view items in complete blackness across a long-wave infrared region. The main engines of this industry are anticipated to be high investments, high manufacturing cost-effectiveness availabilities and a variety of apps integrated with this technology. Moreover, because of decreasing consumer prices, the IR camera industry is anticipated to increase. Geographically, North America is expected to be the highest growing region in the global market of IR camera.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global infrared camera market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global infrared camera market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Material Insights: On the basis of material, global infrared camera market has been segmented into germanium, silicon, zinc selenide, sapphire. Among which germanium segment is expected to be the highest growing segment in the global market of IR camera. Germanium possesses extraordinary mechanical properties and it is non-hygroscopic. In addition, germanium is an excellent infrared transmitter, which will also have a positive effect on the development of the IR camera industry in the forecast period. In the forecast period, the zinc selenide segment will increase at a rate higher than the world average. The increased adoption of ZnSe lenses in medical imaging applications can be attributed to this. Due to its elevated thermal shock resistance and its small absorption coefficient, ZnSe is a great option for optics for high-performance CO2 laser devices.

By Application Insights: On the basis of application, global infrared camera market has been segmented into military & defense, industrial, commercial, medical imaging, and others. Among which military & defense segment is expected to dominate the global IR camera market in recent years. The reliance on night-vision goggles and associated facilities is anticipated to have a positive effect on IR camera market growth during the forecast period in an attempt to enhance situational awareness. Video monitoring and infrastructure cabling IR camera implementations are anticipated to foster market growth as well. More acceptance is anticipated to greatly boost the market growth in the section of business applications. The increase in IR camera use can be ascribed to several applications, such as transport technologies, safety & monitoring, and thermography.

Regional Analysis

The infrared camera market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in an upcoming time span. Enhanced technical advancements along with the presence of key players in the region are expected to dominate the North American IR camera market.

Asia Pacific region is expected to witness high growth in the market in forecast period. Increased defense expenditure is anticipated to have a positive effect on the national economy, especially in India, Japan and South Korea. In APAC, IR sensors have experienced enhanced acceptance by the army due to their day-to-day work and the capacity to execute well under all circumstances of the climate. For example, due to changes by the communist Chinese Party, the Chinese government provides enormous military budgets to incorporate contemporary technology. Europe is anticipated to dominate the global infrared camera market over the projected period majorly owing to high technological advancements, better technological connectivity and increasing demand from defense and security services.

Global Infrared Camera Market Size, Share Analysis by Region 2017

Global Infrared Camera Market Study Objective

1. To forecast the market size of the infrared camera market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of infrared camera market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of infrared camera market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of infrared camera market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the infrared camera market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Samsung Techwin, FLIR Systems, Axis Communications AB, Fluke Corp, Seek Thermal Inc., Raytheon Company and Testo AG are some of the key players in the market of infrared camera.

Global Infrared Camera Market Study Report Offer You!

The global infrared camera market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.