An outlook on infrared camera market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years. Infrared Camera (IR) Market growth is attributed to several key factors and is projected to surpass USD 6 billion at an increasing CAGR of 9% from 2016 to 2023. The report encapsulates complete analysis of the market with competitive landscape, market trends, future predictions, current scenario and estimation and market prospects. Key factors influencing the market like drivers, impediments, challenges, and opportunities, etc. are analyzed thoroughly in the report.
Decreasing prices due to technological proliferation and mass production are projected to be a key driving factor for the market growth. Advancement in microbolometer technology led to high degree of commercialisation and is expected to influence market growth positively shortly. Growing adoption in commercial and industrial applications across various security and surveillance applications, smart gadgets and high-resolution cameras is likely to fuel the growth over the forecast period.
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The advent and development in miniaturisation technology are projected to impact market growth positively during the predicted time frame. High investment in R&D, availability of reasonably priced products owing to mass production, and an array of multiple applications integrating this technology are the key factors contributing the market growth.
Decreasing defence spending in developed markets is predicted to pose a challenge to the market. Remote sensing and hyper spectral imaging offer the key avenues for industry players. An infrared camera is a viable tool in providing night-vision option in vehicles. Decreasing LWIR (Long Wave Infrared) camera costs are likely to expand the scope in automotive, security and surveillance applications.
APAC, led by South Korea, India and Japan IR camera market, is expected to register growth at 10.3% CAGR and exceed USD 1.75 billion up to 2023. The surge is attributed to high demand in the defense sector in the region.
The U.S. market share is anticipated to exhibit growth due to technology advancement and presence of major players in the area. Regulations regarding Energy Performance Certificates (EPCs) in many countries in the EU can favorably impact the market.
Military and defense applications are anticipated to exhibit growth during the projected period. Commercial and medical is set to register gains soon, at 10.4% CAGR by 2023.
Browse key industry insights spread across 102 Pages with 28 market data tables & 27 figures from the report, “(Infrared) IR Camera Market Size By Application (Commercial, Industrial, Medical, Military & Defense), By Material (Sapphire, Silicon, Germanium, Zinc Selenide), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2012 – 2023” in detail along with the table of contents:
Optical sensors market share is predicted to witness substantial growth prospects owing to its surging implementation in the oil & gas sector. These devices offer substantial convenience by reducing the operational challenges at deeper levels. The key participants in global Infrared camera market include, FLIR Systems, Samsung, DRS, Axis Communications, Seek Thermal,Fluke
This latest infrared camera market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the infrared camera industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
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Reasons to Buy This Report:
• Global Infrared Camera Market size & forecast by product & application.
• Growth drivers, pitfalls & industry challenges.
• Key Infrared Camera Market growth opportunities & emerging business models.
• Competitive benchmarking with market share analysis and company profiles.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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