The Future of IR (Infrared) Camera….. COVID-19 & Its Impact….



The global IR (Infrared) camera market size is expected to reach USD 5.10 billion by 2020, according to a new study by Grand View Research, Inc. IR cameras help identify the site of tissue damage in case of injuries, and are expected to witness surging demand in medical imaging applications. They have been extensively used by airports during the outbreak of epidemics to identify and screen passengers with elevated body temperatures. Microbolometer development has resulted in increased commercialization, which is also expected to be a key market driver.
To address the surge of COVID-19, governments all over the world are developing stringent surveillance mechanisms to ensure that people in high-risk zones, or those instructed to be under strict home quarantine. Smartphone apps integrated with geotagging features have been rolled out by various governments to ensure adherence to social distancing. Health surveillance in the wake of this pandemic has essentially become a mic of technology and human intelligence. The updated report will account for Covid19 as a key market contributor.
High demand for IR cameras across several emerging market segments including food service and distribution, healthcare and screening, veterinary science, automotive care, maritime vessel inspections and aircraft inspection offer opportunities for market growth. Incorporating infrared cameras in smartphones at lower costs is expected to present vistas for market growth for companies operating in the market. Declining defense spending may pose a barrier to the global IR camera market over the next six years.
Security & surveillance accounts for a considerable percentage of the commercial applications, and a few key IR camera manufacturers such as Samsung Techwin (South Korea), FLIR Systems (U.S.), Axis Communications AB (Sweden) are increasingly focusing on this market. Technological advancements coupled with a rapid reduction in price are expected to be the key factors driving IR camera demand in the fast growing commercial application segment. A few other market players include Fluke Corp, Seek Thermal Inc., Raytheon Company and Testo AG.
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https://www.grandviewresearch.com/industry-analysis/ir-infrared-camera-market/request/rs1
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. On account of increased adoption in industrial and commercial applications, they are used across numerous security & surveillance applications.
Further key findings from the study suggest:
·         Germanium accounted for over 35% of the IR camera market in 2013. Sapphire lenses are extremely hard, durable and exhibit good transmission range covering UV to IR range. These lenses are suitable for high-pressure, high power applications, and the segment is expected to witness high growth over the next six years.
·         Military and defense was the largest application segment in 2013; these applications have challenging requirements for temperature tolerance, ruggedness, and reliability. Reduction in IR camera prices is expected to have a positive bearing on the penetration of technology in security, surveillance, and automotive markets as technology plays an important part in providing night-vision option in automobiles.
·         North America is expected to be the key regional market over the forecast period owing to presence of major industry participants. Technological advancements along with the presence of key industry players contributed to regional market growth. Furthermore, video surveillance cabling and infrastructure market is expected to drive regional market growth. Increased use in automotive, oil & gas and other commercial applications is expected to play a pivotal role in the penetration of IR cameras in Asia Pacific.
·         Key companies operating in the market are FLIR Systems, Axis Communications, Samsung Techwin, Fluke Corporation, Testo AG, etc. Major market strategies adopted by industry participants include product development and innovation, as well as mergers and acquisitions.
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. On account of increased adoption in industrial and commercial applications, they are used across numerous security & surveillance applications.
Recent technological advancements have led to miniaturization, which is expected favorably impact market growth over the forecast period. These cameras are capable of viewing across a long-wave infrared region, and can also detect objects in total darkness. High investment, availability of cost-effective products due to mass production, and a range of diverse applications integrating this technology are expected to be the key market drivers. Further, the IR camera market is also expected to witness growth owing to declining product price.
Decreasing defense budgets in developed markets are expected to pose a challenge to market growth over the forecast period. Increasing adoption of high-resolution cameras and smartphones is expected to provide a sizeable sizable opportunity for market growth. Further, IR camera plays a significant part in providing night-vision option for automobiles. For instance, FLIR Systems provides camera cores for Rolls Royce, BMW, Audi and Mercedes-Benz models through a partnership with Autoliv Electronics.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-ir-infrared-camera-market
Grand View Research has segmented the global IR camera market on the basis of material, application and region:
IR Camera Material Outlook (Revenue, USD Million, 2012 - 2020)
·         Germanium
·         Silicon
·         Zinc Selenide
·         Sapphire
IR Camera Application Outlook (Revenue, USD Million, 2012 - 2020)
·         Military & Defense
·         Industrial
·         Commercial
·         Medical Imaging
·         Others
IR Camera Regional Outlook (Revenue, USD Million, 2012 - 2020)
·         North America
·         Europe
·         Asia Pacific
·         RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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