Global IR (Infrared) Camera Market is valued USD 4.0 billion in 2016 is anticipated to grow USD 9.1 billion with the compounded annual growth of 9.5% over the forecast period 2018-2025.
New York 16 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global IR (Infrared) Camera market industry is poised to raise USD 9.1 billion by 2025 Decreasing prices owing to technological proliferation is expected to be a key growth factor for the Infrared (IR) camera market. Increased commercialization owing to advancements in microbolometer technology is also expected to fuel market growth over the next few years. because of increased adoption in industrial and commercial applications, they are used across numerous security & surveillance applications.
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Global IR (Infrared) Camera Market Size study by Material (Germanium, Silicon, Zinc Selenide, Sapphire), by Application (Military & Défense, Industrial, Commercial, Medical Imaging), and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include 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), Axis Communication AB and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America emerged as the leading regional segment.
- Asia-Pacific is expected to witness high growth over the next six years. Increased defense spending, particularly in India, Japan, and South Korea, is expected to favorably impact the regional market
Bizwit Research & Consulting LLP has considered following segments for the study:
- Zinc Selenide
- Military & Defence
- Medical Imagining
- North America
- Asia Pacific
- Latin America
- Rest of the World