IR (Infrared) Camera Market was
$4.18 billion in 2015. It is expected to grow at CAGR of 9.5%. Declining prices
due to technological development and increased demand through verticals
including defense and security industries are projected to fuel the growth of
infrared camera market in the forthcoming years. Moreover, increasing integration
of cutting-edge thermal cameras in commercial applications and smartphones
coupled with high demand for surveillance and security cameras with greater
pixels per inch across the defense industry provides numerous opportunities to
the Infrared camera market.
Due to rising adoption of IR cameras in industrial and
commercial applications, these are used across numerous surveillance &
security applications. Further, increased commercialization due to developments
in the microbolometer technology is also anticipated to drive market growth in
the upcoming years.
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Germanium lenses dominate the IR camera market share,
followed by silicon and is anticipated to retain its dominance from 2016 to
2024 because they are non-hygroscopic and have advanced mechanical properties.
Further, Germanium is a good emitter of the infrared, which will impact
positively on the market growth of the IR camera over the forecast period.
The ZnSe (Zinc Selenide) lenses are estimated to grow at a
higher rate than the global average. ZnSe lenses have greater resistance to
thermal waves and low absorption coefficient. Sapphire segment is very durable,
extremely hard and show a good transmission range. This section of lenses can be
used in extreme weather conditions. Silicon’s low density (2.329 g/cm3) is
perfect for use in the weight-sensitive applications. Silicon lens is a less
brittle alternative for Germanium lens.
Application Insights
The global infrared camera market has witnessed substantial
demand due to increasing adoption of it in several applications. The defense
sector is anticipated to dominate the market over the upcoming years, owing to
higher investments in the Asia Pacific and the Middle East regions. Infrared
camera applications for infrastructure cabling and video surveillance are also
anticipated to fuel market growth. Rising adoption in the commercial
application sector is expected to extend fuel market growth. The medical
imaging segment is estimated to witness substantial growth over the upcoming
years. The medical imaging industry is supposed to see significant growth over
the next years. Increasing demand in hospitals to detect life-threatening
diseases like tumors or cancer urge Infrared camera market adoption. This can
be accredited to the increase in the use of infrared camera across several
applications including security & surveillance, thermography, and
transportation systems. Rising demand in hospitals to detect
life-threatening diseases like tumors or cancer urge
Infrared camera market adoption. Also, IR camera can be used in several
applications like security & surveillance, thermography, and transportation
systems.
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Market Segment:
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
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