Global Infrared Camera Market to expand of $6.82bn by 2023

• The report "(Infrared) IR Camera Market Size By Application (Commercial, Industrial, Medical, Military & Defense), By Material (Sapphire, Silicon, Germanium, Zinc Selenide), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2012 - 2023", by Global Market Insights, Inc. IR (Infrared) Camera Industry says that size, valued at USD 3 billion in 2015, is projected to surpass USD 6.8 billion by 2023." IR (Infrared) Camera Market is gaining a heavy momentum with rapid adoption of infrared cameras in automotive, radiometric, and mobile sectors. Technological innovations have contributed significantly towards reduction in the costs of IR cameras and this is expected to steer the industry growth map.

Inception of new technologies providing exceptional features such as built-in visual imaging and automation will generate more market demand over the coming six years. The growing popularity of these products can be attributed to its wide use for detecting electrical defects, leak identification, and plumbing blockages.

Infrared (IR) Cameras further find applications across commercial, military & defense, and medical imaging sectors. Military & Defense application, which accounted for more than 35% of Infrared (IR) Camera Market share in 2015, is anticipated to play a major role in industry expansion over the coming years. Infrared (IR) Camera industry revenue in the commercial sector is projected to grow at a rate of 10% over the period from 2016 to 2023.

Browse key industry insights spread across 102 pages with 28 market data tables & 27 figures & charts from the report, "(Infrared) IR Camera Market" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/IR-infrared-camera-market-report

The commercial sector is expected to influence the industry growth over the coming years, owing to elevated product demand across nuclear power plants, thermography, security borders, airports, and constructions. Medical imaging sector is expected to stimulate Infrared (IR) Camera industry development over the years to come, driven by the escalating product demand for detecting life-threatening ailments such as cancers.

North America IR (Infrared) Camera Market is anticipated to surpass USD 2.5 billion by 2023. Mounting requirement for efficient mass screening as well as video surveillance is projected to push the regional demand. The U.S. is likely to dominate the regional revenue.

Asia Pacific IR (Infrared) Camera Market size is expected to observe a substantial surge over 2016-2023. Growing security concerns coupled with heavy investments in defense activities is expected to drive the regional growth. High product demand in oil & gas and automobile sectors will further contribute towards the revenue.

Introduction of new technologies in market and massive investments by various players in R&D activities to create new products will further boost Infrared (IR) Camera industry growth. Established firms will try to acquire maximum market share through strategic collaborations, joint ventures, and new product launches. Leak Surveys and IRCameras together launched nitrous gas imaging Infrared camera for LDAR sector. FLIR systems introduced new smartphones with thermal imaging technology to expand its business.

Pelco Corporation, E.D. Bullard Company, Fluke Corporation, Axis Communications AB, FLIR Systems, Seek Thermal, Nippon Avionics Company Limited, Samsung Group, Testo SE & Co. KGaA, Zhejiang Dali Technology Company Limited, QIOPTIQ Limited, Guangzhou SAT Infrared Technology Company Limited, Infrared Integrated Systems Limited, Wuhan Guide Infrared Company Limited, and Raytheon Company are key participants of infrared (IR) Camera Industry.

The differentiating factor of infrared camera market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focussed multiple trends for infrared camera industry are discussed along with regional trends to offer an overall view of the market. The ‘industry insights’ chapter of this research provides the most comprehensive analysis of infrared camera market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of infrared camera market support this sector specific data and information points.

Table of Retails POS Terminal 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

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 Porter’s analysis

3.7 Key competitor landscape, 2015

3.8 PESTEL analysis

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