Global IR Camera Market Size is Anticipated to Cross Revenue of USD 6.8 Billion by 2023

IR Camera Market is gaining a heavy momentum with rapid adoption of infrared cameras in automotive, radiometric, and mobile sectors. Technological innovations have contributed significantly towards reduction in the costs of IR cameras and this is expected to steer the industry growth map. As per Global Market Insights, Inc., “IR Camera market valued at USD 3 billion in 2015, is projected to surpass USD 6.8 billion by 2023.” Inception of new technologies providing exceptional features such as built-in visual imaging and automation will generate more market demand over the coming six years. The growing popularity of these products can be attributed to its wide use for detecting electrical defects, leak identification, and plumbing blockages.

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The commercial sector is expected to influence the industry growth over the coming years, owing to elevated product demand across nuclear power plants, thermography, security borders, airports, and constructions. Medical imaging sector is expected to stimulate Infrared (IR) Camera industry development over the years to come, driven by the escalating product demand for detecting life-threatening ailments such as cancers.

Infrared (IR) Cameras further find applications across commercial, military & defense, and medical imaging sectors. Military & Defense application, which accounted for more than 35% of Infrared (IR) Camera Market share in 2015, is anticipated to play a major role in industry expansion over the coming years. Infrared (IR) Camera industry revenue in the commercial sector is projected to grow at a rate of 10% over the period from 2016 to 2023.

The material segments of the IR camera market are sapphire, silicon, germanium and zinc selenide. The base material for germanium is non-hygroscopic which transmits good infrared rays this will be followed by the zinc selenide segment.

North America will contribute major share in the market due to U.S. IR camera market dominance. This is mainly due to the technological advancements as well as the presence of strong industry participants in the region. Considerable application demand in APAC will drive the industry growth in the coming years.

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Some of the key players include DRS, Samsung, Axis Communications, Fluke, Seek Thermal, FLIR Systems, Testo AG, Raytheon Company, etc. Companies seek consolidation through M&A activities as one of the long-term business growth strategies. The ecosystem is characterized by significant technical know-how, and high capex requirements this may inhibit new players from entering the industry.

Major Key Points from Table of Content:

Chapter 3    IR Camera Market Insights

3.1    Industry Segmentation

3.2    Industry Size and forecast, 2012 – 2023

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Industry Impact forces

3.4.1    Growth drivers

3.4.1.1    Decreasing product cost

3.4.1.2    Growing consumption across end-use industries

3.4.2    Market restraint analysis

3.4.2.1     Unfavorable outlook in the defense sector

3.5    Growth potential analysis

3.6    Porter’s analysis

3.7    Key competitor landscape, 2015

3.8    PESTEL analysis

Chapter 4    IR Camera Market Material Insights

4.1    IR camera market share by material, 2015 & 2023

4.2    Germanium

4.2.1    Market estimates and forecasts, 2012 – 2023

4.2.2    Market estimates and forecasts by region, 2012 – 2023

4.3    Silicon

4.3.1    Market estimates and forecasts, 2012 – 2023

4.3.2    Market estimates and forecasts by region, 2012 – 2023

4.4    Zinc Selenide

4.4.1    Market estimates and forecasts, 2012 – 2023

4.4.2    Market estimates and forecasts by region, 2012 – 2023

4.5    Sapphire

4.5.1    Market estimates and forecasts, 2012 – 2023

4.5.2    Market estimates and forecasts by region, 2012 – 2023

Chapter 5    IR Camera Market Application Insights

5.1    IR camera market share by application, 2015 & 2023

5.2    Military & Defense

5.2.1    Market estimates and forecasts, 2012 – 2023

5.2.2    Market estimates and forecasts by region, 2012 – 2023

5.3    Industrial

5.3.1    Market estimates and forecasts, 2012 – 2023

5.3.2    Market estimates and forecasts by region, 2012 – 2023

5.4    Commercial

5.4.1    Market estimates and forecasts, 2012 – 2023

5.4.2    Market estimates and forecasts by region, 2012 – 2023

5.5    Medical Imaging

5.5.1    Market estimates and forecasts, 2012 – 2023

5.5.2    Market estimates and forecasts by region, 2012 – 2023

5.6    Others

5.6.1    Market estimates and forecasts, 2012 – 2023

5.6.2    Market estimates and forecasts by region, 2012 – 2023

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/IR-infrared-camera-market-report

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