Global IR Camera Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

MarketResearch.biz delivers in-depth insights on the global IR camera market in its upcoming report titled, “Global IR Camera Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global IR camera market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. 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 IR camera market report has been segmented on the basis of cameras material, application, and region.

An infrared (IR) 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 thermal image on a video monitor and perform temperature calculations. Heat sensed by an infrared camera can be very precisely quantified, or measured, allowing you to not only monitor thermal performance, but also identify and evaluate the relative severity of heat-related problems.

Increasing adoption of infrared camera in military and defense for surveillance purpose is a major factor driving growth of the global IR camera market. In addition, rising technological innovation in electronics leading to miniaturization and growing adoption of IR camera in medical imagining are other factors expected to boost growth of the global IR camera market. Moreover, rising demand for IR cameras from industrial and commercial sector is expected to further support growth of the global IR camera market.

However, high cost of IR camera is a major factor expected to restrain growth of the global IR camera market to certain extent.

Technological advancements and increasing R&D activities by manufacturers and development in infrared software which will help to deliver cost effective thermal analysis solution is expected to create new opportunities in terms of revenue to players operating in the global IR camera market over the forecast period.

The market in North America is expected to dominate the global IR camera market in terms of revenue as compared to the markets in other regions. North America market is expected to continue its dominance in the global IR camera market over the forecast period. This can be attributed to increasing demand from aerospace sector, wide application in medical imagining, and presence of prominent market players operating in this region. Asia Pacific market is expected to account for significant revenue share to the global IR camera market, owing to increasing demand form commercial and industrial sector and rising government expenditure on defense in emerging economies in this region. According to Institute for Defense Studies and Analyses, India in its budget announced allocation of US$53.3 Bn to ministry of defense.

Global IR Camera Market Segmentation:

By Cameras Material:

• Germanium
• Silicon
• Zinc Selenide
• Sapphire

By Application:

• Military & Defense
• Industrial
• Commercial
• Medical Imaging
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa