Outlook on the Worldwide Infrared (Thermal) Camera Industry to 2024 - by Technology, Application, Material & Region - ResearchAndMarkets.com

The "Global Infrared (Thermal) Camera Market (by Technology, Application, Material & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.

The global infrared camera market is expected to reach US$ 11.54 billion in 2024, witnessing growth at a CAGR of 7.60%, over the period 2020-2024.

Factors such as increasing adoption for security & surveillance, growing penetration of consumer electronics, surging preference of autonomous vehicles, expanding urbanization and upsurge in economic growth are expected to drive the market. The growth of the market would be challenged by the high cost associated with initial acquisition and maintenance, lack of accuracy in infrared camera functionality and stringent import and export regulations. A few notable trends may include rising applications in the healthcare sector, technological innovations, growing miniaturization of products and escalating usage of infrared cameras for SWIR.

The global infrared camera market can be categorized on the basis of technology, application and material. Depending on the technology, the global infrared camera market can broadly be divided into uncooled and cooled infrared cameras. In terms of application, the global infrared camera market can be categorized into military & defense, industrial, commercial, medical imaging and other. Whereas, on the basis of material, the global infrared camera market can be segmented into germanium, silicon, zinc selenide and sapphire.

The fastest-growing regional market is North America due to growing demand for infrared cameras for monitoring and inspection of commercial and residential buildings, gradually decreasing costs of infrared cameras, the rapid development of high-speed infrared cameras, accelerating economic growth and expanding urbanization. The Asia Pacific represents the second-largest infrared camera market and is already well-penetrated at developed market levels due to increasing defense spending and rising demand for infrared cameras by the regional developing economies such as India, Japan and China.

Companies Mentioned

• Canon, Inc. (Axis Communications AB)
• FLIR Systems, Inc.
• Fortive Corporation (Fluke Corp.)
• Hanwha Corporation (Hanwha Techwin)
• Leonardo S.p.A.
• Raytheon Technologies Corp.

Scope of the report:

• The report provides a comprehensive analysis of the global infrared camera market segmented on the basis of technology, application and material.
• The major regional and country markets (North America, Asia Pacific, Europe and Rest of the World) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

Key Topics Covered:

1. Market Overview

2. Impact of COVID-19

2.1 Economic Impact

2.2 Impact on Healthcare Sector

2.3 Change in Organic Traffic

2.4 Supply Chain Challenges

2.5 Demand Surge for Infrared Cameras

2.6 Regional Scenario

3. Global Market Analysis

3.1 Global Infrared Camera Market by Value

3.2 Global Infrared Camera Market Forecast by Value

3.3 Global Infrared Camera Market by Technology

3.4 Global Infrared Camera Market by Application

3.5 Global Infrared Camera Market by Material

3.6 Global Infrared Camera Market by Region

4. Regional Market Analysis

4.1 North America

4.1.1 North America Infrared Camera Market by Value

4.1.2 North America Infrared Camera Market Forecast by Value

4.2 Asia Pacific

4.2.1 Asia Pacific Infrared Camera Market by Value

4.2.2 Asia Pacific Infrared Camera Market Forecast by Value

4.3 Europe

4.3.1 Europe Infrared Camera Market by Value

4.3.2 Europe Infrared Camera Market Forecast by Value

4.4 RoW

4.4.1 RoW Infrared Camera Market by Value

4.4.2 RoW Infrared Camera Market Forecast by Value

5. Market Dynamics

5.1 Growth Drivers

5.1.1 Increasing Adoption for Security & Surveillance

5.1.2 Growing Penetration of Consumer Electronics

5.1.3 Surging Preference of Autonomous Vehicles

5.1.4 Expanding Urbanization

5.1.5 Upsurge in Economic Growth

5.2 Key Trends and Developments

5.2.1 Rising Applications in Healthcare Sector

5.2.2 Technological Innovations

5.2.3 Growing Miniaturization of Products

5.2.4 Escalating Usage of Infrared Cameras for SWIR

5.3 Challenges

5.3.1 High Cost Associated with Initial Acquisition and Maintenance

5.3.2 Lack of Accuracy in IR Camera Functionality

5.3.3 Stringent Import and Export Regulations

6. Competitive Landscape

6.1 Global Market

6.1.1 Revenue Comparison of Key Players

6.1.2 Market Capitalization Comparison of Key Players

6.1.3 R&D Comparison of Key Players

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/aikdc3

View source version on businesswire.com: https://www.businesswire.com/news/home/20200522005262/en/