Global IR (Infrared) Camera Market is Anticipated to Reach $8.68 billion by 2022

According to Stratistics MRC, the Global IR (Infrared) Camera market is expected to grow from $4.18 billion in 2015 to reach $8.68 billion by 2022 with a CAGR of 11.0%. Rising demand from various end users, increasing technological innovations are the major factors bolstering the market growth during the forecast period. Furthermore, affordable products, increasing utilization of IR cameras by airports are some of the other factors propelling the market growth. On the other hand, budget cuts in military & defence is hindering the market growth.

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By application, military & defence segment leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period due to extensive usage of IR camera in defence, rising investments from governments of Asia Pacific region. North America is anticipated to hold the largest share in global market due to increasing demand from U.S. Asia Pacific is expected to witness huge growth rate during the forecast period.

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Some of the key players in global IR (Infrared) camera market include Axis Communications AB, Current Corporation, Dali Technology, DRS Technologies Inc., E.D. Bullard Company, FLIR Systems, Inc., Fluke Corporation, General Dynamics Corporation, Guangzhou SAT Infrared Technology Co., Ltd, Infrared Integrated Systems Ltd (IRISYS), L-3 Communications Infrared Products, Nippon Avionics Co., Ltd, Pelco Corporation, QIOPTIQ Ltd., Raytheon Company, Samsung Techwin, Seek Thermal, Inc., Sofradir SAS, Testo AG, Wuhan Guide Infrared Co., Ltd, and Zhejiang ULIRvision Technology Co., Ltd.

Materials Covered:

• Zinc Selenide

• Sapphire

• Germanium

• Silicon

Applications Covered:

• Medical Imaging

• Commercial

• Military & Defence

• Industrial

• Other Applications

Regions Covered:

• North America

o US

o Canada

o Mexico

• Europe

o Germany

o France

o Italy

o UK

o Spain

o Rest of Europe

• Asia Pacific

o Japan

o China

o India

o Australia

o New Zealand

o Rest of Asia Pacific

• Rest of the World

o Middle East

o Brazil

o Argentina

o South Africa

o Egypt

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