InGaAs Camera Market – Industry Analysis, Technological Innovations, Trends, Growth opportunities and Demand Forecast from 2021-2025

Market Insights Reports delivers key insights on the InGaAs Camera Market in its latest report titled, “InGaAs Camera Market - Growth, Trends, And Forecasts (2020 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The InGaAs camera market was valued at USD 97.6 million in 2019, and it is expected to reach a value of USD 168.6 million by 2025, registering a CAGR of 9.68% over the forecast period 2020 - 2025.

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Top Key Players in the Global InGaAs Camera Market: Allied Vision Technologies GmbH (TKH group), Acal BFI Limited Company (Discoverie Group PLC), Coherent Inc., Flir Systems Inc., FluxData Inc., Hamamatsu Photonics KK, Lambda Photometrics Ltd., New Imaging Technologies, Specim Spectral Imaging Ltd., Raptor Photonics Ltd., Sensors Unlimited (Collins Aerospace Company), Teledyne Dalsa Inc. (Teledyne Technologies Incorporated), Xenics Inc.

- May 2020 - NIT launched the HiPe SenS final version with a high level of performance. The HiPe SenS consist of the companys latest SWIR sensor NSC1902T-SI. With the innovative design of the InGaAs photodiode array coupled with the high-performance ROIC. This new sensors provides low noise operation and ultra-low dark current

- January 2020 - Allied Vision announced to showcase its camera solutions, including the Alvium Camera Series and Goldeye SWIR (Short-Wave Infrared) at SPIE Photonics West 2020 in San Francisco, California at the Moscone Center from February 4-6, 2020.

Market Overview:

- InGaAs as a detector material has brought an economical alternative for near-infrared (NIR) industrial applications such as the measurement of humidity, surface film distributions, and various sorting tasks such as separating polymers from natural materials. Owing to this, the application of technology in industrial manufacturing and automation is on the rise.
- Industry 4.0 fueled the development of technologies like robots playing a crucial role in industrial automation, with many core operations in industries being managed by robots. InGaAs cameras offer new applications, such as vision-guided robotics and automated butchering. These vision-guided robots are a combination of IR imagers that finds and picks random parts in a bin, and then a camera analyses the orientation of each part and places them on the conveyor belt.
- The use of machine vision continues to grow every year. In some of the regions, the sales in machine vision are resulting in record numbers. For instance, in North America, in 2018, the sales of machine vision components and systems reached USD 2.874 billion, an increase of 9.2% over 2017, as per the Automated Imaging Association (AIA), the industry trade group and part of the Association for Advancing Automation. This is expected to drive the demand for InGaAs cameras in the forecast period for such application.
- With the recent outbreak of Covid-19, the InGaAs cameras are expected to observe a slump in demand from various manufacturing industries such as food & beverages, semiconductor, automation, and security. The food manufacturing and processing industry, which observes prominent share of the industrial demand for InGaAs cameras, is seeing plummeting sales. According to a barometer analysis by the French trade group, ANIA, which covered over 600 companies, found that due to Covid-19, food & beverage companies have experienced around 22% loss in turnover globally.

Regional Analysis:

The report offers an in-depth assessment of the growth and other aspects of the InGaAs Camera market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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North America Anticipated to Account for the Largest Market Share

- In the North America region, the demand for InGaAs cameras is expected to be driven by the increasing adoption of robots, such as UAV and UGV, in military and defense applications.
- In March 2020, US-based Raytheon Co, has mentioned partnering with Quantum Imaging Inc, for acquiring a high-definition short-wave infrared (SWIR) camera for tactical imaging applications. Within this agreement of worth USD 13.5 million, Quantum Imaging is to provide a high-definition SWIR camera for tactical imaging applications at Space and Airborne Systems segment. These InGaAs cameras are expected to be designed with 10-by-10-micron pixel pitch and integral antiblooming.
- Government initiatives, such as Advanced Manufacturing Partnership, which is undertaken to make the industry, various universities, and the federal government invest in the emerging automation technologies, will increase the production of machine vision systems.
- Also, according to statcan, industry revenue of Semiconductor and other electronic component manufacturing in Canada reached USD 3,475.42 million in 2019, from USD 3,368.63 million in 2018.
- Owing to the steadily growing demand for advanced and efficient imaging systems, from different end-users operating in the region, the InGaAs camera market in North America is anticipated to demonstrate optimistic growth rates in the foreseen period.

This InGaAs Camera Market report addresses:

- The Market size from 2015-2020

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place

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