IR Camera Market Evolving Technology, Demand and Industry Outlook 2021 to 2025| FLIR Systems Inc., SPI Infrared, Opgal Optronics Industries Ltd

The report presents an in-depth assessment of the IR Camera Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for IR Camera investments from 2021 till 2025.

The IR camera market was valued at USD 6.10 billion in 2019 and expected to reach a value of USD 9.91 billion by 2025, at a CAGR of 8.3% over the forecast period (2020 - 2025).

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global IR Camera Market: FLIR Systems Inc., SPI Infrared, Opgal Optronics Industries Ltd., Raytheon Company, Seek Thermal, Inc., Fluke Corporation, Testo AG, HGH-Infrared, Teledyne Dalsa, DRS Technologies Inc., Optris Infrared Sensing, LLC, Xenics NV

Key Developments:

- In May 2020, FLIR Systems announced the "FLIR C5 Compact" thermal camera with a built-in FLIR Ignite cloud connectivity and additional Wi-Fi features for the users in the manufacturing, building maintenance, and utility industries. The FLIR C5 product is designed as an easy-to-carry thermal camera, providing easy sharing tools and the reduced diagnostic time for commercial electrical testing.
- In May 2020, Teledyne DALSA announced its SWIR scan camera for machine vision. The newly developed product features a cutting-edge InGaAs sensor in a compact package suitable for various applications, including recycling, food & packaged good inspection, mineral sorting, and solar & silicon wafer inspection.

Market Overview:

- The demand for surveillance has increased across various applications, including military and defense, energy, commercial spaces (such as banks). With energy usage becoming a crucial part of the global strategy to manage natural resources, solar energy is gaining prominence. As solar power is becoming increasingly popular, and solar panels are a costly and vulnerable commodity, good security is a must.
- An increasing need for continual and rigorous surveillance in the military is likely to provide an opportunity through these solutions for the use of the government. The governments across the world have already deployed drone cameras in large numbers, which cover around 100 kilometers of area.
- 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 COVID-19 is expected to have a significant impact on the market in the current year. It is anticipated to continue to impact the first two quarters of the year following it, as the supply chain has experienced a considerable disruption owing to the COVID-19 being declared as a pandemic.

Regional Analysis:

For comprehensive understanding of market dynamics, the global IR Camera Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Market Trends
LWIR and MWIR is Expected to have Significant Growth
- LWIR and MWIR are the most used wavelengths of IR cameras for security and surveillance applications. However, there are certain applications where LWIR is more efficient than MWIR, including objects of detection that span a very wide temperature range requiring intra-scene imaging of both hot and cold objects.
- In harsh environments, where MWIR may not perform well in imaging through smoke or aerosols, LWIR is usually the chosen technology. These mainly include the firefighting and military applications.
- Also, for most of the surveillance situations (man or vehicle to be detected within ambient temperature background), there is more flux (thermal energy emitted by the targets and by the environmental background), which is not efficiently contained by the MWIR due to the lack of band availability. Such applications have also witnessed the increased adoption of LWIR.

The report has 150 tables and figures browse the report description and TOC:

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global IR Camera Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, IR Camera Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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