Technological advancements along with developments in uncooled IR imaging technology is expected to favorably impact market growth.
San Francisco, California (PRWEB) January 23, 2015
The global IR camera market will reach USD 5.10 billion by 2020, according to a new study by Grand View Research, Inc. IR cameras help find the site of tissue damage in case of injuries, and will witness surging demand in medical imaging applications. They have been extensively used by airports during the outbreak of epidemics to find and screen passengers with higher body temperatures. Microbolometer development has resulted in increased commercialization, which will be a key market driver.
Browse full research report on Global IR (Infrared) Camera Market at http://www.grandviewresearch.com/industry-analysis/ir-infrared-camera-market
High demand for IR cameras across several emerging market segments like food service and distribution, healthcare and screening, veterinary science, automotive care, maritime vessel inspection and aircraft inspection offer market growth opportunities. Incorporating infrared cameras in smartphones at lower costs will present vistas for market growth for companies operating in the market. Declining defense spending may pose a barrier to the global IR camera market over the next six years.
Further key findings from the study suggest:
- Germanium accounted for over 35% of the IR camera market in 2013. Sapphire lenses are extremely hard, durable and have a good transmission range with UV to IR coverage. These lenses are suitable for high-pressure, high power applications, and the segment will witness high growth over the next six years.
- Military and defense was the largest application segment in 2013; these applications have challenging requirements for temperature tolerance, ruggedness, and reliability. Reduction in IR camera prices will have a positive bearing on technology infusion into the security, surveillance, and automotive markets as technology plays an important part in providing night-vision option in automobiles.
- North America will be the key regional market over the forecast period owing to the presence of major industry participants. Technological advancements along with the presence of key industry players contributed to regional market growth. Furthermore, video surveillance cabling and infrastructure market will drive regional market growth. Increased use in automotive, oil & gas and other commercial applications will play a pivotal role in the penetration of IR cameras in Asia-Pacific.
- Key companies operating in the market are FLIR Systems, Axis Communications, Samsung Techwin, Fluke Corporation, Testo AG, etc. Major market strategies adopted by industry participants include product development and innovation, as well as mergers and acquisitions.
Get more information about the IR (Infrared) Camera Market at http://www.grandviewresearch.com/industry-analysis/ir-infrared-camera-market
For the purpose of this study, Grand View Research has segmented the global IR camera market on the basis of material, application and region:
IR Camera Material Outlook (Revenue, USD Million, 2012 – 2020)
- Zinc Selenide
IR Camera Application Outlook (Revenue, USD Million, 2012 – 2020)
- Military & Defense
- Medical Imaging
IR Camera Regional Outlook (Revenue, USD Million, 2012 – 2020)
- North America
About Grand View Research
Grand View Research, Inc. Is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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