Press release
IR Illuminators Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Outlook, Competitive Landscape
IR Illuminators Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.85 billion In 2028 At A CAGR Of 10.2% :
The ir illuminators market size has grown strongly in recent years. It will grow from $1.14 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to increasing adoption in surveillance systems, military and defense applications, expansion of law enforcement technologies, increased demand in wildlife observation, commercial and industrial surveillance.
The ir illuminators market size is expected to see rapid growth in the next few years. It will grow to $1.85 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to smart city initiatives, rise in border security concerns, increasing integration with ai and analytics, expanding applications in critical infrastructure, growing interest in wildlife conservation. Major trends in the forecast period include wireless connectivity and integration, rise in demand for covert illumination, use of low-maintenance materials, application in emerging technologies, customization for specific environments.
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IR Illuminators Market Major Segments
The ir illuminators market covered in this report is segmented -
1) By Type: Compact Infrared, Panoramic, Long Range Infrared
2) By Products: IR Laser Illuminator, IR LED Illuminator
3) By Application: Night Vision Cameras, Surveillance, Other Applications
Key Driver - Surge In Surveillance Cameras Boosts Ir Illumination Market
The increasing demand for surveillance cameras is expected to propel the growth of the IR illumination market going forward. A surveillance camera refers to a camera that sends real-time recordings to a central location within a local area network (LAN), such as a monitoring station.IR illuminators with video surveillance are employed for home, office, or property surveillance, which collect video with the help of cameras. Therefore, the increased demand for surveillance will increase the demand for IR illuminations. For instance, in October 2022, according to the Atlantic Organization, a US-based nonpartisan organization, there were 416 million surveillance cameras in China for 2021. Further, according to the Bureau of Labor Statistics, a US-based field of labor economics and statistics, the US surveillance camera installations are expected to increase by 21% to reach 85 million camera installations in 2021. Therefore, the increasing demand for surveillance is driving the growth of the IR illuminators market.
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Prominent Trend - Innovative Products Drive Growth In Ir Illuminators Market
Product innovations are a key trend gaining popularity in the IR Illuminators market. Major companies operating in the IR Illuminators market are adopting new innovative products to sustain their position in the market. For Instance, in March 2023, GJD, a UK-based manufacturing company, launched Clarius Medium Hybrid IP IR/WL LED illuminator for IR illuminators. The hybrid IP IR/WL LED illuminator uses advanced LED (Light Emitting Diode) white light and infrared technology. The Clarius Hybrid emits infrared light for night-time CCTV recordings that are only in black and white or white light for images that are in color. It contains distinct characteristics such as stealth infrared or brilliant white light added to CCTV footage to serve as a visual deterrent system and removable diffusers that allow for the least amount of light waste while directing light precisely where it is needed. Images of higher quality are incredibly adaptable and provide security systems with the advantages of two illuminators. This hybrid illuminator, which uses PoE+, features superior anodized aluminum heatsinks and is designed to provide dedicated lighting for IP cameras.
IR Illuminators Market Players
Major companies operating in the ir illuminators market report are Honeywell International Inc., The Axton Group, Pulsar N, Night Optics USA Inc., Raytec Ltd., ACTi Corporation, American Dynamics, Arecont Vision LLC, ATN Corp, Axis Communications AB, Pelco Products Inc., Bosch Security Systems Inc., Cisco Meraki Inc., Sightmark, Hikvision Digital Technology Co Ltd., Vortran Laser Technology, HelioWorks Inc., Boston Electronics Corp., Advanced Illumination, Advanced Photonix, Aegis Electronic Group, Aixtron, Ametek, Andor Technology, Applied Materials, Avantes, B&W Tek, FLIR Systems
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Largest And Fastest Growing Region In The Market
North America was the largest region in the IR Illuminators market in 2023. The regions covered in the ir illuminators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. IR Illuminators Market Report Structure
3. IR Illuminators Market Trends And Strategies
4. IR Illuminators Market - Macro Economic Scenario
5. IR Illuminators Market Size And Growth
…..
27. IR Illuminators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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