Infrared cameras can capture images through harsh environments such as fog, smoke, haze, and water vapors. This has resulted in the usage of these cameras for security and surveillance applications. Cooled IR cameras are equipped with greater magnificent capabilities than uncooled cameras as it can sense shorter infrared wavelengths very quickly. In addition, cooled cameras have greater sensitivity characteristics and allow lenses with more optical elements to ensure better magnification performance. Furthermore, cooled thermal cameras has the ability to perform spectral filtering to acquire accurate image details with precision, which provides assistance to the growth of cooled IR cameras globally as against uncooled cameras.
The demand for surveillance has increased across various applications, such as military & defense, industries and various commercial spaces. IR imaging is expected to be a better tool for quantitative measurement of room temperature than single spot infrared thermometers to offer smooth monitoring system. In addition, Asia-Pacific is expected to offer lucrative opportunities for cooled IR cameras due to rise in advanced technology penetration in surveillance systems, and high defense spending. There has been an increase in demand for security applications such as video surveillance to monitor and record borders, ports, transportation infrastructure, corporate houses, educational institutes, public places, buildings, and others, which is expected to create lucrative opportunities for cooled IR cameras in the region.
Factors such as growth in adoption in security and surveillance application and increase in adoption of infrared cameras in quality control & inspection boost the growth of the global cooled IR camera market. However, high acquisition and maintenance cost hamper the market. Furthermore, increase in popularity of cooled IR cameras in commercial applications, and rise in usage of cooled IR cameras in short wave infrared range (SWIR) are expected to offer lucrative opportunities for cooled IR cooled IR camera market growth globally.
The global cooled IR camera market is analyzed by technology, end use, and region. By technology, the market is analyzed across indium antimonide and mercury cadmium telluride. By end use, the market is divided into defense & military, industrial, commercial surveillance, automotive, and others. By country, it is analyzed across the U.S. and rest of the world.
The key players profiled in the report include Leonardo DRS, Global Sensor Technology Co., ltd., Xenics, AIM Infrarot-Module GmbH, Lynred, FLIR System Inc., L3 Technologies, SemiConductor Devices, Boston Electronics Corporation, and Hamamatsu Photonics.
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
GLOBAL COOLED IR CAMERA MARKET SEGMENTATION:
By Technology:
By End Use:
By Country
The demand for surveillance has increased across various applications, such as military & defense, industries and various commercial spaces. IR imaging is expected to be a better tool for quantitative measurement of room temperature than single spot infrared thermometers to offer smooth monitoring system. In addition, Asia-Pacific is expected to offer lucrative opportunities for cooled IR cameras due to rise in advanced technology penetration in surveillance systems, and high defense spending. There has been an increase in demand for security applications such as video surveillance to monitor and record borders, ports, transportation infrastructure, corporate houses, educational institutes, public places, buildings, and others, which is expected to create lucrative opportunities for cooled IR cameras in the region.
Factors such as growth in adoption in security and surveillance application and increase in adoption of infrared cameras in quality control & inspection boost the growth of the global cooled IR camera market. However, high acquisition and maintenance cost hamper the market. Furthermore, increase in popularity of cooled IR cameras in commercial applications, and rise in usage of cooled IR cameras in short wave infrared range (SWIR) are expected to offer lucrative opportunities for cooled IR cooled IR camera market growth globally.
The global cooled IR camera market is analyzed by technology, end use, and region. By technology, the market is analyzed across indium antimonide and mercury cadmium telluride. By end use, the market is divided into defense & military, industrial, commercial surveillance, automotive, and others. By country, it is analyzed across the U.S. and rest of the world.
The key players profiled in the report include Leonardo DRS, Global Sensor Technology Co., ltd., Xenics, AIM Infrarot-Module GmbH, Lynred, FLIR System Inc., L3 Technologies, SemiConductor Devices, Boston Electronics Corporation, and Hamamatsu Photonics.
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the global cooled IR camera market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities in the lithography metrology equipment market.
- The lithography metrology equipment market growth is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
GLOBAL COOLED IR CAMERA MARKET SEGMENTATION:
By Technology:
- Indium Antimonide (InSb)
- Mercury Cadmium Telluride (MCT)
By End Use:
- Defense & Military
- Industrial
- Commercial Surveillance
- Automotive
- Others
By Country
- U.S.
- Rest of the World
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COOLED IR CAMERA MARKET, BY TECHNOLOGY
CHAPTER 5: COOLED IR CAMERA MARKET, BY END USE
CHAPTER 6: COOLED IR CAMERA MARKET, BY COUNTRY
CHAPTER 7: COMPANY PROFILES
Executive Summary
According to the report titled, 'Cooled IR Camera Market by Technology, and End Use: Global Opportunity Analysis and Industry Forecast, 2018-2026,' the global cooled IR camera market size was valued at $242.7 million in 2018, and is projected to reach $736.4 million by 2026, registering a CAGR of 13.5% from 2019 to 2026.An infrared camera is a non-contact device that detects infrared energy and converts it into electronic signal, which is then processed to produce a thermal image on the monitor. The heat sensed by infrared cameras is precisely quantified and measured to monitor the thermal performance and to identify heat related problems. Recent innovations, particularly in the detector technology, and incorporation of built-in visual imaging, along with automatic functionality, and infrared software development, are expected to deliver more cost-effective thermal analysis solutions in the coming years.
Due to their high thermal sensitivity and favorable atmospheric transmission in the spectral zone, infrared cameras based on indium antimonide (InSb) sensors are being used in medium- to long-range surveillance, and for scientific and research requirements where detection of very small temperature differences or wavelength-specific imaging is beneficial. Various advancements in the production of InSb focal planes is leading towards adoption of infrared cameras, which provides wide broadband spectral. Indium antimonide sensors require cryogenic cooling to become photoconductive.
Cooled IR cameras provide remote access to data and this function is encouraging governments to use these surveillance systems in high alert spaces such as prisons. This system helps analyze the government functionality of guard staff, ensure the security level of all areas of jail, and maintain the protocol. Video analytics also helps security departments to identify specific time-period activities. This technology continuously provides both passive and active monitoring. Infrared imaging is used in many defence applications to enable high-resolution vision and identification in darkness. Such enhanced features of cooled IR cameras create lucrative opportunities for this technology for defence & military industry vertical.
On January 2019 FLIR Systems Inc., announced the development of two thermal imaging cameras for automotive industry. The company also developed its next generation thermal vision automotive development kit and handheld diagnostic thermal cameras. In addition, cooled IR cameras are also used for armored vehicle retrofits to enhance vehicle survivability. Companies are developing thermal imaging camera solutions for long range applications for vehicles to increase their operational efficiency and to provide optimum day and night vision.
Asia-Pacific is expected to offer lucrative opportunities in the cooled IR camera market. This is due to the increase in adoption of enhanced technologies in the security system in developing countries such as India, China, and Indonesia. Various product launches and advancement in technologies in the surveillance market is anticipated to offer significant cooled IR camera market growth opportunities. In addition, growth in standard of living, rise in per capita income, and increase in penetration of technological advancements in surveillance and security system in Europe are expected to help in cooled IR camera market expansion. For instance, SATIR, a company based in Europe developed and IR automotive camera, which enhances safe driving at night. The camera can be connected to an existing LCD monitor in the vehicle and highlights people or another obstacle on the road.
Key Findings of the Study:
Based on technology, the Indium Antimonide (InSb) segment generated the highest revenue in the global cooled IR camera market in 2018.
Based on end use, the defence & military segment generated the highest revenue in the cooled IR camera market share in 2018.
The key players in the cooled IR camera industry include Leonardo DRS, Global Sensor Technology Co., ltd., Xenics, AIM Infrarot-Module GmbH, Lynred, FLIR System Inc., L3 Technologies, SemiConductor Devices, Boston Electronics Corporation, and Hamamatsu Photonics. These key players adopt several strategies such as, new product launch and development, acquisition, partnership and collaboration and business expansion to increase the cooled IR camera market share during the forecast period.
Companies Mentioned
- Leonardo DRS
- Global Sensor Technology Co. Ltd.
- Xenics
- AIM Infrarot-Module GmbH
- Lynred
- FLIR System Inc.
- L3 Technologies
- SemiConductor Devices
- Boston Electronics Corporation
- Hamamatsu Photonics
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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