IR (Infrared) Camera Market growth to be driven by development in IR Imaging Technology

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Global IR Camera Market share forecast to grow at
9.5 CAGR by 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of IR Camera Market

• Infrared Camera Market share was over USD 3
  billion in 2015 and is poised to reach USD 6.8
  billion by 2023, military and defense sector to
  be dominating with their forecast to cross USD
  2.4 billion by 2023 High requirement for security
  and surveillance along with surging product
  demand across various sectors will boost
  (Infrared) IR Camera industry size over the years
  to come.
• With unique properties such as black/white/gray
  palette, iron palette, and rainbow palette to
  boast of, IR cameras find widespread applications
  across the military defense, commercial,
  medical, and industrial sectors.
• IR camera industry size in military defense
  applications is predicted to exceed USD 2.4
  billion by 2023. The prime factors for this
  significant revenue surge are increased
  surveillance requirements, growing RD
  investments, high demand for products that have
  sufficient resistance to extreme conditions and
  temperature fluctuations, and the ability to
  identify defects in process and equipment
  control.

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Continued

• Efficient product features such as thermal
  sensitivity imaging, automation, fault detection,
  and built-in visual imaging will stimulate IR
  camera market in medical applications, which is
  slated to grow at a CAGR of 9.8 over 2016-2023.
  In addition, rising adoption of IR cameras for
  terminal disease detection, impact on body
  vitals, and suitable drug research will also fuel
  IR camera industry in healthcare applications in
  the years to come.
• Increased product application for security and
  rescue missions will augment IR camera market in
  commercial applications, slated to increase at a
  CAGR of more than 10 over 2016-2023.
• Sapphire being a highly durable material is used
  extensively for manufacturing camera lenses.
  Sapphire IR camera industry is expected to grow
  at a lucrative CAGR of 10.7 over 2016-2024,
  driven by favorable properties such as ability to
  sustain extreme temperatures, robustness, and
  scratch resistance.

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North America IR Camera Market size, by
application, 2013-2023 (USD Billion)

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Continued

• High thermal shock resistance will be one of the
  principal properties owing to which zinc selenide
  IR camera market size will catapult to great
  heights, with a CAGR anticipation of more than
  10 over 2016-2023.
• Germanium being the leading material segment in
  2015 is projected to register healthy gains over
  the period of 2016-2023. Germanium will continue
  to dominate the material landscape, pertaining to
  its excellent infrared transmission and
  mechanical properties.
• High product demand across the automotive and oil
  gas sectors along with increasing number of
  investments in military defense will drive Asia
  Pacific IR camera industry over 2016-2023. Led by
  the U.S., North America dominated the global
  landscape in 2015. The huge demand for video
  surveillance cabling, mass screening, and the
  existence of most of the key players in the
  region will act as major drivers for regional
  market expansion.
• Key industry players include Leonardo DRS, Fluke
  Corporation, Seek Thermal, Testo AG, FLIR
  Systems, Samsung, Axis Communications, and
  Raytheon Company.

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Table Content of IR Camera Market

• Chapter 1 Methodology Scope
• 1.1 Research Methodology
• 1.1.1 Initial data exploration
• 1.1.2 Statistical model and forecast
• 1.1.3 Industry insights and validation
• 1.1.4 Research scope and assumptions
• 1.2 Data Sources
• 1.2.1 Secondary sources
• 1.2.2 Primary sources
• Chapter 2 Executive Summary
• 2.1 IR camera industry 360 synopsis, 2012
  2023
• 2.1.1 Business trends
• 2.1.2 Regional trends
• 2.1.3 Application trends

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Continued

• Chapter 3 IR Camera Industry 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 Porters analysis
• 3.7 Key competitor landscape, 2015
• 3.8 PESTEL analysis

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