Infrared Camera Market size likely to exceed revenue of USD 6.82 billion by 2023 - PowerPoint PPT Presentation

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Infrared Camera Market size likely to exceed revenue of USD 6.82 billion by 2023

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IR camera market size was USD 3.24 billion in 2015, and is predicted to generate over USD 6 billion in revenue by 2023, with more than 9% CAGR expectations from 2016 to 2023; as per a new research report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Infrared Camera Market size likely to exceed revenue of USD 6.82 billion by 2023


1
IR camera market size expected to reach USD 6.82
billion by 2023, with more than 9 CAGR
expectations from 2016 to 2023 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from IR camera Market
  • The zinc selenide segment was valued at over USD
    495 million in 2015, and is expected to surpass
    USD 1.1 billion by 2023. This can be primarily
    attributed to rising adoption of ZnSe lenses in
    medical imaging applications.
  • Germanium accounted for more than 35 of the IR
    camera market share in 2015. This material is
    non-hygroscopic and also exhibits good mechanical
    properties.
  • Commercial sector is expected to grow at 10.4
    CAGR from 2016 to 2023 owing to growing infrared
    camera adoption across various applications
    including transportation systems and security
    surveillance.
  • Medical imaging applications will reach over USD
    550 million in sales estimations by 2023 key use
    cases include identification of the site of
    tissue damage in case of injuries.

3
Continued...
  • Europe IR camera industry was worth just over USD
    900 million in 2015. Video surveillance cabling
    and infrastructure industry is expected to drive
    growth in the U.S.
  • Asia Pacific IR camera market share is forecast
    to reach over 26 by 2023. Increased defense
    spending, chiefly in Japan, South Korea and
    India, is expected to favorably impact regional
    demand over the forecast period.
  • Key players include FLIR Systems, Axis
    Communications AB, and Samsung Techwin. Industry
    participants focus on strengthening their product
    portfolio. For instance, FLIR Systems introduced
    smartphones with thermal imaging ability in order
    to expand its product offering.

4
Europe (Infrared) IR camera market size, by
application, 2012 - 2023 (USD Million)

5

Browse Full Market Research Report of IR camera
Market _at_ http//goo.gl/F9T0yt Request for a
Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/3
97
6
360 Analysis
  • Application Analysis
  • Military and defense applications will continue
    occupying over 35 of the IR camera market share
    through the forecast timeframe. Challenging
    requirements for temperature tolerance,
    ruggedness, and reliability make these products
    critical across the defense domain. Commercial
    and medical are poised to exhibit high growth in
    the coming years, with the former predicted to
    grow at 10.4 CAGR from 2016 to 2023.
  • Regional Analysis
  • Asia Pacific IR camera market size is set to
    surpass USD 1.75 billion by 2023, at 10.3 CAGR
    over the coming seven years. Japan, India, and
    South Korea are responsible for the growth
    forecast, primarily due to high demand in the
    defense sector in these countries.
  • U.S. IR camera market share is likely to benefit
    from presence of major players as well as
    technological advancements. The devices are used
    as effective mass-screening for detecting
    individuals. They present a non-invasive,
    non-contact, quantifiable and accurate technique
    using thermal imaging.
  • Competitive Market Share
  • FLIR Systems, Samsung, Axis Communications, DRS,
    Fluke, and Seek Thermal were among the notable
    companies identified by this global IR camera
    market research report.


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