The study provides an in-depth analysis of the global infrared camera market to elucidate the prominent investment pockets from 2016 to 2023. Current trends and future estimations are outlined to determine the overall market scenario.
Infrared rays are electromagnetic radiations (EMR) invisible to naked eyes, ranging from wavelength 700 nm to 1 mm. IR cameras detect the range of wavelength and converts them into electronic signals, which are processed on the monitor in the form of thermal image.
IR camera is majorly used in night vision lenses, body imaging scanners, CCTV cameras, and lab equipment. Thus, wide range of applications of IR cameras fueled the market growth, and is expected to grow at a significant rate in the forecasted period.
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The demand for infrared cameras is expected to rise globally in the next four to five years, owing to various factors such as government initiatives to empower military & air force, increase in concern towards security & surveillance, and reduced prices of cameras. However, fluctuation in costs of camera components restrains the growth of the market.
Increased applications of IR cameras in laboratories is expected to provide new opportunities for the market.
The infrared camera market is segmented based on component, industry vertical, and geography. On the basis of component, the market is categorized into lens, sensor, signal generator, and display.
Applications covered in the study include consumer electronics, aerospace & defense, security & surveillance, and others. Geographically, the market is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
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The major players profiled in the report include Opgal, Bosch Sicherheitssysteme GmbH, Sofradir Group, L3 Technologies, Inc., Leonardo DRS, Axis Communications AB, Zhejiang Dali Technology Co. Ltd., General Dynamics Mission Systems, Inc., FLIR Systems, Inc., and SATIR Trade UK Co.
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