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2020

Cooled IR Camera Market

Cooled IR Camera Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology and End Use : Global Opportunity Analysis and Industry Forecast, 2019-2026

SE : Electronic Systems and Devices

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Author's: Divyanshi Tewari & Shantanu Sachan | Sonia Mutreja
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Cooled IR Camera Market Outlook - 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.

Cooled IR Camera Market

Cooled IR camera system is mostly used for long range imaging, as the camera employs highly sensitive FPA technology. A cooled thermal imaging camera consists of an imaging sensor that is integrated with a cryocooler, which lowers the sensor temperature to cryogenic temperatures. Cooled IR cameras are mostly contained in a vacuum-sealed case and cryogenically cooled. Cooling is one of the most important aspect of cooled IR cameras during the operation of semiconductor materials as they might get blinded by their own radiation.

Cooled infrared cameras can provide superior image quality. Thermal imaging cameras with a cooled detector offer some advantages over thermal imaging cameras with an uncooled detector. However, the main restraining factor of cooled cameras is high maintenance cost and more downtime for service, and relatively higher price as compared to uncooled IR cameras.

Cooled IR Camera Market
By Technology
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Indium Antimonide technology generated the highest revenue in 2018

Due to 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.

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 market growth globally.

Cooled IR Camera Market
By End Use
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Commercial surveillance is anticipated to be the most lucrative segment

Segmentation

The global cooled IR camera market is analyzed on the basis of technology, end use, and region. By technology, the market is analyzed across indium antimonide and mercury cadmium telluride. By end use, the cooled IR camera 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.

These key players adopt several strategies such as, new product launch and development, acquisition, partnership, collaboration, and business expansion to increase the cooled IR camera market share during the forecast period.

Cooled IR Camera Market
By Region
2026
Rest Of The World 
U.S.

Rest of the World is expected to be the most lucrative segment

Top Impacting Factors

The factors such as growth in adoption in security and surveillance application, increase in adoption of infrared camera in quality control & inspection, high acquisition and maintenance cost and increase in popularity of cooled IR cameras in commercial application, and rise in usage of cooled IR cameras in SWIR are expected to significantly affect the growth of the global cooled IR camera market size. These factors are anticipated to either drive or hamper the cooled IR camera market growth.

Increase in application of cooled IR cameras in security and surveillance

Public safety is of top priority in the world. Public safety agencies are investing in numerous new technologies to ensure efficiency. With the surge in crime rates, antisocial behavior, and terrorist attacks, the government has introduced new technologies and strategies to ensure public safety and security. It has become necessary to improve the system and responses for catastrophic attacks and to find safe, cost-effective, and feasible solutions. Various cooled IR camera are being adopted for surveillance applications in defense, homeland security, perimeter surveillance, and enforcement fields. Enhanced features such as excellent performance, superior imaging capabilities and high reliability on the fields is a major driving force. In addition, these cameras can also be integrated with pan and tilt positioning system to create a complete surveillance system for various applications. Furthermore, cooled IR cameras offer long range detection up to 50 km even in complete darkness. This feature adds traction to the market growth and offers lucrative opportunities for the cooled IR camera industry globally.

High initial acquisition and maintenance cost

Cooled IR cameras are quite expensive as against uncooled IR cameras and faces significant obstacles for its adoption majorly in the developing nations. Lack of adequate funding from the government in developing countries such as Qatar, South Korea, and others, for adoption of the security technologies in various applications hamper the growth of the market. The use of enhanced technology involves major investment, which acts as a barrier for the cooled IR camera market. Enhanced surveillance cameras for various applications are of various ranges depending on the features and the number of camera and monitoring system purchased. The installation and maintenance of these cooled IR cameras are usually high, which increases the cost of the technology. Thus, initial investment acts as a major threat to the developing regions or small enterprises and hampers the growth of the market.

Increase in popularity of cooled IR cameras in commercial applications

The commercial industry is facing a challenge to monitor theft and shoplifting. Owing to this, the industry is facing losses in billions every year. To reduce these losses, retailers have started investing in surveillance system, providing security to assets and goods and several long-term benefits such as increase in store profit, reduction in insurance rates, and decrease in number of shoplifting cases. Cooled IR cameras are being adopted under various commercial application for smart solution. Cooled infrared cameras are used for outdoor sporting applications that involves high-speed tracking. Emerging usage of cooled IR cameras for hunting purposes is gaining traction in the global market. In addition, these infrared cameras are used for applications that require long-range performances for optimal situational awareness. In addition, companies are developing various enhanced product portfolios with intelligent solutions for various applications such as detection, assessment, and tracking of targets. All these factors leading to the usage of cooled IR cameras in various commercial applications offer lucrative opportunities for its market growth globally.

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 cooled IR camera market.
  • The cooled IR camera 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.

Cooled IR Camera Market Report Highlights

Aspects Details
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By Technology
  • Indium Antimonide
  • Mercury Cadmium Telluride (MCT)
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By End Use
  • Defense & Military
  • Industrial
  • Commercial Surveillance
  • Automotive
  • Others
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By Country
  • U.S.
  • Rest of the World
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Key Market Players

AIM INFRARED MODULE GMBH, XENICS, HAMAMATSU PHOTONICS, GLOBAL SENSOR TECHNOLOGY CO., LTD, SEMICONDUCTOR DEVICES., FLIR SYSTEM, LEONARDO DRS, BOSTON ELECTRONICS, L3 TECHNOLOGIES, LYNRED

Analyst Review

Cooled IR camera system is mostly used for long range imaging, as the camera employs highly sensitive FPA technology. A cooled thermal imaging camera consists of an imaging sensor that is integrated with a cryocooler, which lowers the sensor temperature to cryogenic temperatures. Cooled IR cameras are mostly contained in a vacuum-sealed case and cryogenically cooled. Cooling is one of the most important aspect of cooled IR cameras during the operation of semiconductor materials as they might get blinded by their own radiation.

Infrared cameras are used in automotive industry, especially for self-driving cars. Cooled IR cameras in automotive industry is used to ensure driving vision enhancement, so that drivers can see clearly in any situation. Cooled IR cameras are expected to solve the low light problem. These cameras are allowing human drivers to identify pedestrians and animals to avoid any severe damages or collisions.

Commercial surveillance is being adopted globally as it helps retailers to analyze consumer behavior such as pricing, product, and placement, beyond traditional techniques. Infrared surveillance system provides information regarding Point of Sale (PoS), thereby providing clarity to business transactions even in disturbed environments. Commercial spaces require constant monitoring and surveillance to avowing theft and discrepancy.

Cooled IR cameras in commercial surveillance ensures long range thermal imagery even in complete darkness. In addition, this infrared surveillance system is optimized to withstand various environmental conditions such as smoke, rain, snow, and dust. Various cooled IR cameras are being developed by companies that are capable of withstanding challenging weather condition and extreme weather.

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.

 

Author Name(s) : Divyanshi Tewari & Shantanu Sachan | Sonia Mutreja

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Cooled IR Camera Market

Global Opportunity Analysis and Industry Forecast, 2019-2026