Press release
Infrared Camera Market: What are the Future Growth Opportunities? Top Plyers: Axis Communications, FLIR Systems, Fluke Corporation, Schneider Electric, Raytheon, Sofradir, Testo SE & Co. KGaA
Additional factors like declining prices of IR cameras and diverse application spectrum across building, electrical/mechanical, maritime, security and automation/process control sectors could fuel the demand for infrared cameras over the coming years. Based on these aspects, Global Market Insights, Inc., estimates that the infrared camera market could cross USD 10 billion by 2026.
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The automotive sector is witnessing proliferating demand for infrared cameras due to its wide range of diverse applications various advanced vehicular systems. These cameras are integrated in Advanced Driver Assistance Systems (ADAS) to improve the safety, security and efficiency of autonomous vehicles. Evidently, numerous automobile manufacturers are venturing with infrared camera makers to innovate new and advanced products.
IR camera offers sophisticated properties like ruggedness and portability, making them ideal for healthcare institutes. These cameras can be used to identify several disease patterns just by analyzing a patient's body temperature. Its low weight and compact size comes as an additional advantage, evidently helping doctors and practitioners to easily operate these devices.
Key participants of infrared Camera Market: -
1. Axis Communications
2. Bullard
3. FLIR Systems
4. Fluke Corporation
5. IRISYS
6. L3 Technologies
7. Pelco by Schneider Electric
8. Raytheon
9. Seek Thermal
10. Sofradir
11. Testo SE & Co. KGaA
On the regional front, Europe is considered to be a thriving revenue ground for local IR camera manufacturers. Estimates say that the regional market could observe more than 6% growth by 2026. IR cameras are mainly used for infrared screening of residential buildings for energy audit processes. This could boost the demand for handheld IR cameras in the region.
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Besides, regional infrared camera market players are shifting their efforts toward enhancing their product capabilities and production facilities. Taking March 2018 for instance, Xenics has successfully modernized its equipment, expanded its production capabilities, added extra cleanroom space and reviewed processing techniques. This allowed the firm to considerably lower the dark current in SWIR detectors, offering a larger dynamic range and enhance the signal-to-noise ratio of SWIR cameras.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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