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$5.91 Billion Opportunity in the Global IR Camera Market by 2023: Military & Defense Sector to Witness Huge Demand - ResearchAndMarkets.com

August 29, 2018

DUBLIN--(BUSINESS WIRE)--Aug 29, 2018--The “Global IR Camera Market 2018-2023 - Segmented by Type of Detector, Material, Type, and Application” report has been added to ResearchAndMarkets.com’s offering.

The IR camera market was valued at USD 3.77 billion in 2017 and is expected to reach a value of USD 5.91 billion by 2023 at a CAGR of 7.72%, over the forecast period (2018-2023). The industries heavily relying on IR cameras are military and defense and automotive.

Factors such as rising demand for surveillance across various verticals, gradually decreasing costs of thermal cameras and rapid development of high speed infrared cameras are leading to an increasing demand for IR cameras across various industries, consequently driving the market growth. However, inaccurate measurements and image color issues associated with the cameras are challenging the market growth.

Key Highlights

Gradually Decreasing Costs of Thermal Cameras will Drive the Market Growth Military & Defense Sector to Witness Huge Demand in the Market United States to Dominate the North American Market

Notable Developments in the Market

FLIR Systems launched a high-resolution Thermal Vision Automotive Development Kit featuring the high-performance FLIR Boson thermal camera for automakers, tier-one automotive parts suppliers, and innovators of advanced driver assistance systems (ADAS). Teledyne DALSA, launched its Calibir GX series of long wave infrared (LWIR) cameras for industrial vision applications.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Market Insights

4. Global IR Camera Market Segmentation

5. Competitive Intelligence - Company Profiles

FLIR Systems Inc. SPI Infrared Opgal Raytheon Company Seek Thermal Inc. Fluke Corporation Testo AG HGH-Infrared Teledyne Dalsa Leonardo DRS Optris Infrared Sensing LLC Xenics N.V.

6. Investment Analysis

7. Future Outlook of the IR Camera Market

For more information about this report visit https://www.researchandmarkets.com/research/5kmgd7/5_91_billion?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005634/en/

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Related Topics:Telematics and Vehicle Electronics,Optoelectronics

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY AUDIO/VIDEO SECURITY AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/29/2018 01:44 PM/DISC: 08/29/2018 01:44 PM

http://www.businesswire.com/news/home/20180829005634/en

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