IR Cameras Market Scope
An IR camera is a non-contact device, which detects infrared energy and converts it into an electronic signal, which is then processed to produce a thermal image on a video monitor and perform temperature calculations. Infrared (IR) cameras are also known as thermal imaging camera or night vision security cameras. The camera has an IR LED positioned around the outer edges of the camera lens, which gives the camera its night vision. These cameras can capture acceptable video in total darkness and even better quality video in low light. Infrared (IR) cameras are available in various body styles, such as bullet and dome styles. Furthermore, recent innovations, particularly detector technology, the incorporation of built-in visual imaging, infrared software development, and automatic functionality, among others, deliver more cost-effective thermal analysis solutions than ever before. The market is expected to grow significantly with the highest CAGR during the forecast period.
According to AMA, the Europe IR Cameras market is expected to see growth rate of 8.11% Research Analyst at AMA estimates that United Kingdom Players will contribute to the maximum growth of Europe IR Cameras market throughout the predicted period.
FLIR Commercial Systems (United Kingdom), Flylink Tech Co., Ltd. (China), Fujian Forecam Optics Co., Ltd. (China), Magnity Electronics Co. Ltd (China), Optotherm, Inc. (United States), InfraTec GmbH Infrarotsensorik und Messtechnik (Germany), DRS Technologies Inc. (United States), Fluke Corporation (United States), Hanwha Techwin (South Korea) and Infrared cameras, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Infrared Integrated Systems Ltd (IRISYS) (United Kingdom) and Pelco Corporation (United States).
Segmentation Overview
The study have segmented the market of Europe IR Cameras market by Type (Fixed Mount Infrared Cameras and Portable Infrared Cameras), by Application (Consumer Electronics, Surveillance, Automotive, Aerospace & Defense, Industrial, Medical, Firefighting and Others) and Region with country level break-up.
On the basis of geography, the market of IR Cameras has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Demand for Infrared Camera with the Highest Detector Resolution/Image Quality
Market Growth Drivers:
Rising Demand in Sectors Such As Assessing Moisture, Electrical Defect Detection, Plumbing Blockages, and Leaks Identification, Growing Consumer Application in Personal Vision for Radiometric and Surging Demand for Infrared Cameras from Aerospace and Defense Sector
Challenges:
Uncertainty in Infrared Cameras Accuracy
Restraints:
A High Cost of the Product May Hamper the Growth of the Market
Opportunities:
Technological Advancements in IR Cameras and The Emerging Demand from Developing Countries
Market Leaders and their Expansionary Development Strategies
In September 2019, Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems, announced the signing of a strategic cooperation agreement with Wuhan Guide Infrared Co. Ltd. The agreement includes safety and regulatory collaboration, wherein both companies will cooperate in order to ensure that the infrared cameras manufactured by Guide Infrared meet the automotive industry’s regulatory standards and end customers’ quality requirements.
In Sept 2019, Hanwha Techwin has Launched Wisenet Q Flateye IR Dome Cameras for High Humidity Environment. and In March 2018, Hanwha Techwin’s launched the Wisenet Flateye IR dome cameras, designed for high humidity environments and for where condensation might occur because of temperature differences.
Key Target Audience
IR Cameras Manufacturers, IR Cameras Traders/Distributors, IR Cameras Importer/Exporter, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.