Infrared Cameras Market is expected to reach US$ 9,055.58 Mn by 2027

According to the new research report published by The Insight Partners, titled "Infrared Cameras Market Forecast to 2027 - COVID-19 Impact and Analysis - by Type (Fixed and Portable), Component (IR Lens, IR Sensor, Processor, and Others), Wavelength (LWIR, MWIR, NIR, and SWIR), and Application (Consumer Electronics, Security and Surveillance, Aerospace and Defense, and Others)," the market was valued at US$ 5,259.70 million in 2019 and is projected to reach US$ 9,055.58 million by 2027; it is expected to grow at a CAGR of 7.1% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players with their developments in the market.

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Accentuation in Use of IR Cameras at Borders and Airports to Drive Market Growth During 2020-2027

The governments and defense forces in the developed and developing countries are gearing up their border security forces with an objective to prevent intrusion and cross-border trespassing. The modern-day IR cameras are capable of detecting targets from a long distance, which enables the security forces to prevent any unauthorized or illegal immigration. The demand for such advanced IR cameras is continuously surging among defense forces and governments. Therefore, several infrared cameras market players are developing and introducing significant products to meet the demands. For instance, FLIR Systems, Inc., an industry-recognized IR camera manufacturer, unveiled FLIR Ranger HDC MR, a robust, high-definition medium-wave infrared (MWIR) border-security surveillance system in 2020. The camera has the capability to detect unlawful activities in adverse weather conditions, utilizing embedded computing analytics and image processing solution to minimize the cognitive workload and allow operators to differentiate between true threats and false alarms. This solution is expected to generate substantial demand among the border security forces, which would help the company increase its annual sales and facilitate the infrared cameras market to surge over the years.

Companies Mentioned are: Leonardo S.p.A., Opgal, Teledyne DALSA, Seek Thermal, LYNRED, Thermoteknix Systems Ltd, Axis Communications AB, FLIR Systems, Inc., Fluke Corporation, Infrared Cameras Inc.
Several industries such as aerospace and defense, automotive, healthcare, and others are investing heavily in advanced technologies to strengthen their capabilities with advanced machinery and offer enhanced services to customers. The companies based in countries such as Russia, the US, and France are developing advanced infrared cameras for the global market. Rising procurement of infrared cameras by the US Army is propelling its infrared cameras market growth. Developing nations such as India, China, and Indonesia are strengthening their military capabilities due to rising border clashes with neighboring countries. Furthermore, the adoption of infrared cameras has increased in the automotive sector due to the ongoing COVID-19 pandemic. For instance, in March 2020, the Chinese government planned to install temperature monitoring infrared cameras on the public transport.

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Infrared Cameras Market Insights
Increasing Use of IR Cameras at Borders and Airports Fuels Growth of Infrared Cameras Market
The governments and defense forces in the developed and developing countries are gearing up their border security forces with an objective to prevent intrusion and cross-border trespassing. The modern-day IR cameras are capable of detecting targets from a long distance, which enables the security forces to prevent any unauthorized or illegal immigration. The demand for such advanced IR cameras is continuously surging among defense forces and governments. Therefore, several infrared cameras market players are developing and introducing significant products to meet the demands. For instance, FLIR Systems, Inc., an industry-recognized IR camera manufacturer, unveiled FLIR Ranger HDC MR, a robust, high-definition medium-wave infrared (MWIR) border-security surveillance system in 2020. The camera has the capability to detect unlawful activities in adverse weather conditions, utilizing embedded computing analytics and image processing solution to minimize the cognitive workload and allow operators to differentiate between true threats and false alarms. This solution is expected to generate substantial demand among the border security forces, which would help the company increase its annual sales and facilitate the infrared cameras market to surge over the years.

The global infrared cameras market has been segmented as follows:
Infrared Cameras Market - by Type
Fixed
Portable

Infrared Cameras Market - by Component
IR Lens
IR Sensor
Processor
Others

Infrared Cameras Market - by Wavelength
LWIR
MWIR
NIR
SWIR

Infrared Cameras Market - by Application
Consumer Electronics
Security and Surveillance
Aerospace and Defense
Others

Global Infrared Cameras Market by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America

Moreover, key companies contributing to Fiber Laser market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

Table of Content
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Infrared Cameras Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Infrared Cameras Market - Key Market Dynamics
5.1 Key Market Driver
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Infrared Cameras - Global Market Analysis
6.1 Infrared Cameras Market Global Overview
6.2 Infrared Cameras Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Market Players Ranking
………Continued

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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