Infrared Cameras Procurement Category Market Research Report Now Available from IBISWorld

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In the infrared camera market, buyers benefit from the availability of inexpensive imports, which helps to keep prices low by forcing domestic manufacturers to adjust prices to compete. For these reasons and to help procurement professionals make better buying decisions faster, business intelligence firm IBISWorld has added a report on the procurement of Infrared Cameras to its growing collection of procurement category market research reports.

IBISWorld procurement market research
Falling input costs will soften price growth

Infrared cameras have a buyer power score of 3.5 out of 5, indicating moderate negotiation power for buyers. Infrared cameras typically consist of an infrared sensing semiconductor, image processing components and a viewfinder or screen to display the thermal image. According to IBISWorld procurement analyst Kevin Young, “Buyers benefit from medium market concentration, which gives them the choice of many suppliers.” The availability of inexpensive imports helps to keep prices low, forcing domestic manufacturers to adjust prices to compete. In spite of volatile demand trends and prices for upstream commodity inputs like copper and steel, price changes in infrared cameras have been relatively stable. Temperate price changes allow buyers to predict and budget infrared camera purchases with a degree of confidence.

The prices of semiconductors, computers and other digital components required to produce infrared cameras have fallen significantly throughout the past three years, putting downward pressure on market prices and benefiting buyer power. Medium switching costs also indicate that buyers can switch suppliers in the event that the product or service becomes unsatisfactory. “The total cost of ownership for infrared cameras is also low, allowing buyers to operate thermographic cameras for extensive service lives without the risk of unpredictable operational costs,” says Young.

Still, other aspects of the infrared camera market are detrimental to buyer power. Despite falling input prices, demand from the commercial sector caused the prices of infrared cameras to increase in the past three years. In the three years to 2017, emerging demand for infrared systems in the automobile and marine industries will further raise prices. Additionally, buyer power suffers from a lack of substitute goods for infrared cameras. Buyers are advised to procure infrared cameras directly from manufacturers, if possible, because these suppliers typically charge less of a markup than distributors. The top four vendors in the market are FLIR, BAE Systems, General Dynamics Corporation, and L-3 Communications Corporation.

For more information, visit IBISWorld’s Infrared Cameras procurement category market research report page.

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IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of infrared cameras. Infrared cameras, also known as thermographic cameras, are used to detect radiation given off by heat. Therefore, infrared cameras work regardless of the level of visible light. These cameras are used for a variety of purposes, including industrial, security and law enforcement. This report does not cover other types of cameras or navigational instruments.

Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Competitive Environment
Market Share Concentration
Market Profitability
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics

About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.

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Gavin Smith
IBISWorld Inc.
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