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Infrared Camera Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

Cameras that use infrared light to take pictures are known as infrared cameras. There are several uses for infrared cameras, including security and surveillance, medical imaging, and industrial inspection. From 2019 to 2024, the market for infrared cameras is anticipated to expand at a CAGR of 7.2%. The rising demand for security and surveillance systems and the expanding use of infrared cameras in industrial applications are the primary factors driving this market’s expansion. During the projected period, the security and surveillance applications segment is anticipated to develop at the greatest CAGR. The growing demand for infrared cameras in security and surveillance systems, such as CCTV and body-worn cameras, is the primary driver of this rise.

The industrial applications segment is anticipated to increase during the projected period at the second-highest CAGR. Infrared cameras are used more frequently in industrial settings for non-destructive testing, process monitoring, and quality control, which drives this growth. The highest CAGR is anticipated for the Asia-Pacific region during the forecast period. The main drivers of this expansion are the rising demand for infrared cameras in security and surveillance systems and the expanding use of infrared cameras in industrial applications.

Infrared Camera Market Report Scope and Segmentation
ATTRIBUTESDETAILS
ESTIMATED YEAR2023
BASE YEAR2022
FORECAST YEAR2030
HISTORICAL YEAR2017-2022
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

A camera that employs infrared light to capture images is known as an infrared camera. A light that the human eye cannot see is infrared. A variety of wavelengths, all longer than the wavelengths of visible light, make up its spectrum. Numerous applications call for the usage of infrared cameras. They can be utilized to capture images of objects in low light or too far away to be viewed with the naked eye. It is also possible to use infrared cameras to measure heat or to see through smoke or fog.

Compared to conventional cameras, infrared cameras have a lot of benefits. They can capture images in dim lighting and see through objects opaque to visible light. Due to their high heat sensitivity, infrared cameras are perfect for thermal imaging. Infrared cameras come in two basic varieties: cooled and uncooled. The sensor of cooled infrared cameras is maintained at a very low temperature using a cooling system.

This enables the camera to capture photos of the highest quality. Uncooled infrared cameras are less expensive and smaller in size because they do not require a cooling system. Security, surveillance, and industrial inspection are just a few different uses for infrared cameras. Security: Because infrared cameras can take photos in low light and even see through objects that are opaque to visible light, they are frequently utilized in security applications. Infrared cameras can detect heat and see through smoke or fog, making them useful in surveillance applications. Industrial Inspection: Applications for infrared cameras are also found in industrial inspection. They might be employed to look for product flaws or to find hot spots in electrical machinery.

Market Opportunities for Infrared Cameras

During the projection period of 2020–2025, it is anticipated that the market for infrared cameras will expand at a CAGR of roughly 7.5%. The usage of infrared cameras allows for the recording of pictures and films in dimly lit or dark environments. These cameras utilize the thermal imaging technique, which allows them to capture images by detecting the infrared light that an object emits. There are several uses for infrared cameras, including night vision, thermal imaging, security, and surveillance.

One of the key reasons propelling the expansion of the infrared camera market is the growing need for security and surveillance solutions. Better security mechanisms are required due to the rise in terrorism and crime. Security and surveillance systems employ infrared cameras because they can produce sharp images even in dim lighting. The industry is also expanding due to the increasing use of infrared cameras in night vision systems.

Applications for night vision systems using infrared cameras include automotive, aerospace, military, and other fields. Another important element fueling the market’s expansion is the growing use of thermal imaging cameras in industrial settings. Many industrial applications, including process control and predictive maintenance, use thermal imaging cameras.
Another significant element fueling the market’s expansion is the expanding use of these cameras for driver assistance systems in the automobile industry.

However, a significant element limiting the market’s growth is the high price of infrared cameras. Type, application, and geography are the segments that divide the worldwide infrared camera market. The market is divided into cooled and uncooled categories based on the kind. During the forecast period, the chilled category is anticipated to hold the greatest share of the market.

The main driver of this market’s growth is the increasing use of cooled infrared cameras in security and surveillance applications. The market is divided into security and surveillance, night vision, thermal imaging, industrial, and others based on application. The security and surveillance sector is anticipated to hold the biggest market share during the projection period.

Restraints on the Infrared Camera Market

Night vision, industrial inspection, and security are just a few of the uses for infrared cameras. The infrared camera industry is being constrained by several factors, though. The high price of these cameras is one of the main obstacles. In general, infrared cameras cost more than cameras that use visible light. This is because they employ expensive to produce specialized detectors and lenses. As a result, only a few businesses can sell these cameras at a reasonable price. The absence of trained personnel is another barrier. Special knowledge is needed to operate and analyze the images from infrared cameras. This presents a hurdle for many companies that are not accustomed to using this technology.

They hesitate to spend money on infrared cameras as a result. The issue of regulatory compliance is the last one. Many nations have stringent laws governing infrared cameras. This is because they can be utilized for illicit purposes like spying. Companies must therefore obtain special authorization before using these cameras. Despite these restraints, the infrared camera market is expected to grow healthy in the coming years. This is due to the increasing demand for security and surveillance applications. In addition, the falling prices of infrared cameras make them more affordable for a wider range of customers.

Infrared Camera Market Key Trends

The global infrared camera market is expected to reach USD 3.11 billion by 2025, according to a new report by MWR, Inc. The market is expected to witness a CAGR of 7.2% during the forecast period. Infrared cameras are used in various applications, including security & surveillance, industrial, automotive, and consumer electronics. The rising demand for security & surveillance systems is anticipated to drive the infrared camera market. The need for advanced security systems has increased to protect people, property, and assets from crime.

Infrared cameras are used in security & surveillance systems as they can capture clear images in low-light conditions. The industrial application segment is expected to grow at the highest CAGR during the forecast period. The need for infrared cameras in the industrial sector has increased due to the growing demand for process automation and quality control. Infrared cameras are used in the industrial sector for various applications such as condition monitoring, non-destructive testing, and process control.

The region is expected to maintain its leading position during the forecast period. The large share of North America can be attributed to the presence of key regional players and the growing demand for infrared cameras from the security & surveillance, and automotive sectors. Some of the key players in the infrared camera market include Flir Systems, Inc. (U.S.), FLIR Systems GmbH (Germany), Panasonic Corporation (Japan), and Seek Thermal, Inc. (U.S.) (U.S.).

The global infrared camera market is expected to reach USD 3.11 billion by 2025, according to a new report by MWR, Inc. The market is expected to witness a CAGR of 7.2% during the forecast period. Infrared cameras are used in various applications, including security & surveillance, industrial, automotive, and consumer electronics. The rising demand for security & surveillance systems is anticipated to drive the infrared camera market. The need for advanced security systems has increased to protect people, property, and assets from crime. Infrared cameras are used in security & surveillance systems as they can capture clear images.

Infrared Camera Market Drivers

The infrared camera market is expected to grow significantly in the next few years owing to the increasing demand from various applications such as security and surveillance, automotive, and industrial. The rising need for advanced security systems in commercial and government buildings is one of the major factors driving the growth of the infrared camera market. Moreover, the increasing demand for automotive night vision systems is another key factor fueling the market growth.

Additionally, the growing industrial sector is another major factor expected to propel the market growth in the coming years. The major players operating in the infrared camera market include FLIR Systems, Inc., Axis Communications AB, Robert Bosch GmbH, Samsung Techwin Co., Ltd., and UTC Aerospace Systems. These companies focus on introducing innovative products to cater to the increasing demand from various end-use industries. For instance, in October 2016, FLIR Systems, Inc. launched its new Exx-Series of thermal cameras, designed for industrial, electrical, and mechanical applications.

Infrared Camera Market Covid-19 Impact

The outbreak of the Covid-19 pandemic has led to a slowdown in the global economy. The impact of the pandemic is being felt across all sectors, with the electronics sector no exception. The market for infrared cameras is also feeling the impact of the pandemic, with a slowdown in production and demand. The Covid-19 pandemic has had a significant impact on the electronics sector. The outbreak has led to a slowdown in the global economy, and this is having an impact on the demand for electronics products.

The market for infrared cameras is no exception, with a slowdown in production and demand. The Covid-19 pandemic has significantly impacted the production of infrared cameras. Several factories in China, a major producer of infrared cameras, have been forced to shut down due to the outbreak. This has led to a shortage of infrared cameras in the market. The Covid-19 pandemic has also led to a slowdown in the demand for infrared cameras. With the global economy slowing down, people are spending less on non-essential items such as cameras. This is having an impact on the sales of infrared cameras. The impact of the Covid-19 pandemic on the market for infrared cameras is expected to be short-lived. Once the pandemic is over, the market is expected to return to normal.

Infrared Camera Market Key Industry Developments

Infrared (I.R.) cameras are devices that capture thermal images. These images are then analysed to identify heat patterns that can indicate potential problems. I.R. cameras are commonly used in various industries, including manufacturing, automotive, aerospace, and energy. The global infrared camera market is expected to grow at a CAGR of 7.3% from 2019 to 2024. The increased demand for thermal imaging in various applications, such as security and surveillance, condition monitoring, and building diagnostics drives the market.

The Asia-Pacific region is the largest market for infrared cameras, followed by North America and Europe. The highest CAGR is anticipated for the Asia-Pacific region during the forecast period. The increased demand for infrared cameras in China and India is the major factor driving the market growth in the Asia-Pacific region. Some of the key players in the infrared camera market include FLIR Systems (U.S.), BAE Systems (U.K.), L3 Technologies (U.S.), Raytheon (U.S.), Leonardo DRS (U.S.), UTC Aerospace Systems (U.S.), and Rheinmetall AG (Germany) (Germany).

Infrared Camera Market Future Outlook

The infrared camera market was valued at USD 1.30 Billion in 2016 and is expected to reach USD 2.02 Billion by 2023, at a CAGR of 6.8% during the forecast period. The base year considered for the study is 2016, and the forecast period is from 2017 to 2023. The major drivers for the infrared camera market are the homeland security and military expenditure growth, and the advantages of infrared cameras over visible cameras. The homeland security and military expenditure is growing globally, owing to the rise in terrorist activities and cross-border conflicts.

This, in turn, is expected to drive the infrared camera market during the forecast period. The advantages of infrared cameras over visible cameras are that they can operate in complete darkness and can see through smoke, fog, and other atmospheric conditions. These cameras can also detect minute temperature differences, which is impossible with visible cameras.

Thus, the advantages of infrared cameras over visible cameras are expected to fuel the growth of the infrared camera market during the forecast period. The key restraining factor for the infrared camera market is the high cost of these cameras. The high cost of these cameras is a major restraining factor for the growth of the infrared camera market. The major players in the infrared camera market are FLIR Systems, Inc. (U.S.), ULIS (France), Xenics (Belgium), Princeton Infrared Technologies, Inc. (U.S.), Raytheon Company (U.S.), L3 Technologies (U.S.), Leonardo DRS (U.S.), BAE Systems (U.K.), and DALSA Corporation (Canada).

Key Target Audience: Manufacturers and suppliers of infrared cameras Component manufacturers Original equipment manufacturers of security and surveillance systems Research organisations Investment research firms Scope of the Report: This research report categorises the infrared camera market based on technology, type, application, and geography. Based on technology, the infrared camera market has been categorised into uncooled and cooled. The cooled infrared camera market is expected to grow at a higher CAGR during the forecast period.

By Technology· COOLED IR CAMERA

· UNCOOLED IR CAMERA

By End Use· DEFENSE & MILITARY

· INDUSTRIAL

· COMMERCIAL SURVEILLANCE

· AUTOMOTIVE

· OTHERS

LEONARDO DRS, GLOBAL SENSOR TECHNOLOGY CO., LTD, XENICS, AIM INFRARED MODULE GMBH, L3 TECHNOLOGIES, HAMAMATSU PHOTONICS, LYNRED, BOSTON ELECTRONICS, SEMICONDUCTOR DEVICES., FLIR SYSTEM.

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