Infrared Camera Market was valued at US$ 7.55 Bn. in 2022 and expected to grow at a CAGR of 7.98 % during the forecast period (2023-2029).
Market Overview:
The Infrared Camera market analysis provides unbiased professional commentary on the present market scenario, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Infrared Camera market study also gives information on the leading businesses functioning in the Infrared Camera industry's strategic ambitions and company growth strategies. To summarise what has been said thus far, the report provides a comprehensive picture of the Infrared Camera market in both global and regional markets.
Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research.
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COVID-19 Impact on Infrared Camera market:
The COVID-19 pandemic has had a severe influence on the worldwide Infrared Camera business. The COVID-19 pandemic has resulted in a severe and prolonged decline in production utilization, and travel bans and facility closures have kept employees away from their facilities, resulting in a slowdown in the growth of the Infrared Camera market in 2022. However, the negative impact of COVID-19 on the Infrared Camera market is projected to be temporary, and the industry is predicted to rebound rapidly by early 2022, owing to the high demand for Infrared Camera .
Regional Analysis:
The report's region section also includes specific market affecting elements and changes in market regulation that affect the market's present and future developments. In addition, the existence and availability of global brands, as well as the obstacles they face owing to big or scarce competition from local and domestic brands, as well as the influence of sales channels, are taken into account when offering forecast analysis of national data. Some of the primary indicators utilized to estimate the market scenario for different regions include new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs.
Segmentation :
Product
Fixed, Handheld, and Pan-Tilt-Zoom cameras make up the three sub-segments of the infrared camera industry. The fixed sector, which held a share of 48% in 2022, dominated the global market. The manufacturing and security industries are increasingly using fixed cameras, which is fueling market expansion. The industries can increase product quality and manufacturing efficiency because to the fixed segment's extremely high precision. Due to their ability to provide alert systems during fires, catastrophic failures, and similar industrial risks, fixed camera segments are significantly contributing to worker safety. The market for fixed infrared cameras is experiencing tremendous demand due to its growing use in airport security, traffic management, and the military to identify things at night.
Technology
There are two submarkets within the Infrared Camera market: Cooled and Uncooled. At US$ 3.9 billion in 2020, the uncooled segment commanded the largest share of the global market. This uncooled portion is more affordable and operates without the need for cryogenic cooling. High levels of sensitivity and contrast as well as greater use in humid conditions provide the worldwide market an advantage.
Application
The commercial, government & defence, healthcare, and industrial subsegments of the worldwide infrared camera market. The market is dominated by the Government & Defence sector, which had a 40% share in 2020. These infrared cameras are widely employed in coastal surveillance and border security to protect the country. In adverse weather circumstances like fog and dust, the employment of sophisticated technology enables the detection of all types of things that are invisible to the human sight. In order to create infrared cameras, "Defence Science and Technology Group (DSTG) and DEWC Services" teamed together in December 2021. With the use of a dual-band imager that is ground-based, this device can detect and track aeroplanes based on their emission.
by Product
Fixed
Handheld
Pan-Tilt-Zooms
by Technology
Cooled
Uncooled
by Application
Commercial
Government & Defense
Healthcare
Industrial
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Key players:
The study gives a complete assessment of the presence of the Infrared Camera market in various areas and countries. Significant market features such as market drivers and barriers are separated from important development prospects and industry trends in the research study. The worldwide Infrared Camera Market research gives precise knowledge that prepares market players to compete successfully with their largest competitors based on growth, sales, and other critical factors. Through a deep geographical assessment of the industry, the research analyst seeks to find hidden development prospects that may be used by companies in various regions of the world.
1. Bosch Sicherheits systeme GmbH
2. Sofradir Group
3. L3 Technologies, Inc.
4. Leonardo DRS
5. Axis Communications AB
6. Zhejiang Dali Technology Co. Ltd.
7. General Dynamics Mission Systems, Inc.
8. FLIR Systems, Inc.
9. SATIR Trade UK Co.
10. FLIR Systems
11. Fluke
12. Sofradir Group
13. Sensors Unlimited
14. Axis Communications
15. Xenics
16. New Imaging Technologies
17. Allied Vision Technologies
18. Lynred
• In the year 2022, the competitive landscape has included a share of significant companies, new advances, and tactics.
• The research contains a wealth of information, including market dynamics, scenarios, and prospects for the projection period.
• Quantitative, qualitative, value (USD Million), and volume (Units Million) statistics are included in segments and sub-segments.
• Data at the regional, sub-regional, and country levels contain demand and supply dynamics, as well as their impact on the market.
• These players provide comprehensive goods, important financial information, latest advancements, SWOT analysis, and strategies.
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Key Questions Addressed in the Infrared Camera Market Report:
• Who are the major players in the Infrared Camera industry?
• What is the potential market for Infrared Camera by region?
• Which application area of Infrared Camera is likely to experience substantial growth in the next five years?
• What opportunities exist for new market entrants?
• What is the projected size of the Infrared Camera market in 2029?
• What are the growth prospects of the Infrared Camera market?
• What year serves as the base year in the Infrared Camera market report?
• Which region holds the largest market share in the Infrared Camera market?
• What factors are expected to drive the Infrared Camera market?
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