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Cooled IR Camera Market by Technology (Indium Antimonide, and Mercury Cadmium Telluride), and End Use (Defense & Military, Industrial, Commercial Surveillance, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

A06041
Pages: 122
Feb 2020 | 253 Views
 
Author(s) : Divyanshi Tewari & Shantanu Sachan
Tables: 118
Charts: 41
 

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

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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

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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

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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

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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.

 

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

 

CHAPTER 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. KEY FINDINGS

2.1.1. Top impacting factors
2.1.2. Top investment pockets

2.2. TOP WINNING STRATEGIES

2.2.1. Top winning strategies, by year
2.2.2. Top winning strategies, by development
2.2.3. Top winning strategies, by company

2.3. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FORCES SHAPING COOLED IR CAMERA MARKET
3.3. MARKET SHARE ANALYSIS OF TOP PLAYERS, 2018 (%)
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increase in application of cooled IR cameras in security and surveillance
3.4.1.2. Rise in adoption of cooled IR cameras in quality control and inspection

3.4.2. Restraints

3.4.2.1. High initial acquisition and maintenance cost

3.4.3. Opportunities

3.4.3.1. Increase in popularity of cooled IR cameras in commercial applications
3.4.3.2. Increase in usage of cooled IR cameras for SWIR

3.5. VALUE CHAIN ANALYSIS

3.5.1. Cooled IR Camera Market-Value Chain Analysis

CHAPTER 4: COOLED IR CAMERA MARKET, BY TECHNOLOGY

4.1. OVERVIEW
4.2. INDIUM ANTIMONIDE

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by country
4.2.3. Market size and forecast, by country (Volume)
4.2.4. Market analysis, by country
4.2.5. Supplier Market analysis 2018

4.3. MERCURY CADMIUM TELLURIDE

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by country
4.3.3. Market size and forecast, by country (volume)
4.3.4. Market analysis, by country
4.3.5. Supplier Market analysis

CHAPTER 5: COOLED IR CAMERA MARKET, BY END USE

5.1. OVERVIEW
5.2. DEFENSE & MILITARY

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by country
5.2.3. Market analysis, by country

5.3. INDUSTRIAL

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by country
5.3.3. Market analysis, by country

5.4. COMMERCIAL SURVEILLANCE

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by country
5.4.3. Market analysis, by country

5.5. AUTOMOTIVE

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by country
5.5.3. Market analysis, by country

5.6. OTHERS

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by country
5.6.3. Market analysis, by country

CHAPTER 6: COOLED IR CAMERA MARKET, BY COUNTRY

6.1. OVERVIEW

6.1.1. U.S.

6.1.1.1. Market size and forecast, by technology
6.1.1.2. Market size and forecast, by end use

6.1.2. Rest of the world

6.1.2.1. Market size and forecast, by technology
6.1.2.2. Market size and forecast, by end use

CHAPTER 7: COMPANY PROFILES

7.1. LEONARDO DRS

7.1.1. Company overview
7.1.2. Key Executives
7.1.3. Company snapshot
7.1.4. Operating business segments
7.1.5. Product portfolio
7.1.6. Business performance

7.2. GLOBAL SENSOR TECHNOLOGY CO., LTD

7.2.1. Company overview
7.2.2. Key Executives
7.2.3. Company snapshot
7.2.4. Product portfolio

7.3. XENICS

7.3.1. Company overview
7.3.2. Key Executives
7.3.3. Company snapshot
7.3.4. Product portfolio
7.3.5. Key strategic moves and developments

7.4. AIM INFRARED MODULE GMBH

7.4.1. Company overview
7.4.2. Key Executives
7.4.3. Company snapshot
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments

7.5. L3 TECHNOLOGIES

7.5.1. Company overview
7.5.2. Key Executives
7.5.3. Company snapshot
7.5.4. Operating business segments
7.5.5. Product portfolio
7.5.6. Business performance
7.5.7. Research and Development
7.5.8. Key strategic moves and developments

7.6. HAMAMATSU PHOTONICS

7.6.1. Company overview
7.6.2. Key Executives
7.6.3. Company snapshot
7.6.4. Operating business segments
7.6.5. Product portfolio
7.6.6. Business performance
7.6.7. Research and Development
7.6.8. Key strategic moves and developments

7.7. LYNRED

7.7.1. Company overview
7.7.2. Key Executives
7.7.3. Company snapshot
7.7.4. Operating business segments
7.7.5. Product portfolio
7.7.6. Key strategic moves and developments

7.8. BOSTON ELECTRONICS

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio

7.9. SEMICONDUCTOR DEVICES.

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.9.4. Key strategic moves and developments

7.10. FLIR SYSTEM

7.10.1. Company overview
7.10.2. Key Executives
7.10.3. Company snapshot
7.10.4. Operating business segments
7.10.5. Product portfolio
7.10.6. Business performance
7.10.7. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL COOLED IR CAMERA MARKET, BY TECHNOLOGY, 2018-2026 ($MILLION)
TABLE 02. GLOBAL COOLED IR CAMERA MARKET, BY TECHNOLOGY, 2018-2026 (UNITS)
TABLE 03. COOLED IR CAMERA MARKET REVENUE FOR INDIUM ANTIMONIDE, BY COUNTRY 2018–2026 ($MILLION)
TABLE 04. COOLED IR CAMERA MARKET REVENUE FOR INDIUM ANTIMONIDE, BY COUNTRY 2018–2026 (UNITS)
TABLE 05. COOLED IR CAMERA MARKET REVENUE FOR MERCURY CADMIUM TELLURIDE, BY COUNTRY 2018–2026($MILLION)
TABLE 06. COOLED IR CAMERA MARKET REVENUE FOR MERCURY CADMIUM TELLURIDE, BY COUNTRY 2018–2026($MILLION)
TABLE 07. GLOBAL COOLED IR CAMERA MARKET REVENUE, BY END USE, 2018-2026 ($MILLION)
TABLE 08. COOLED IR CAMERA MARKET REVENUE FOR DEFENSE & MILITARY, BY COUNTRY 2018–2026($MILLION)
TABLE 09. COOLED IR CAMERA MARKET REVENUE FOR INDUSTRIAL, BY COUNTRY 2018–2026($MILLION)
TABLE 10. COOLED IR CAMERA MARKET REVENUE FOR COMMERCIAL SURVEILLANCE, BY COUNTRY 2018–2026($MILLION)
TABLE 11. COOLED IR CAMERA MARKET REVENUE FOR AUTOMOTIVE, BY COUNTRY 2018–2026($MILLION)
TABLE 12. COOLED IR CAMERA MARKET REVENUE FOR OTHERS, BY COUNTRY 2018–2026($MILLION)
TABLE 13. U.S. COOLED IR CAMERA MARKET REVENUE, BY TECHNOLOGY 2018–2026($MILLION)
TABLE 14. U.S. COOLED IR CAMERA MARKET REVENUE, BY END USE 2018–2026($MILLION)
TABLE 15. REST OF THE WORLD COOLED IR CAMERA MARKET REVENUE, BY TECHNOLOGY 2018–2026($MILLION)
TABLE 16. REST OF THE WORLD COOLED IR CAMERA MARKET REVENUE, BY END USE 2018–2026($MILLION)
TABLE 17. LEONARDO DRS: COMPANY SNAPSHOT
TABLE 18. LEONARDO DRS: OPERATING SEGMENTS
TABLE 19. LEONARDO DRS: PRODUCT PORTFOLIO
TABLE 20. GLOBAL SENSOR TECHNOLOGY CO., LTD: COMPANY SNAPSHOT
TABLE 21. GLOBAL SENSOR TECHNOLOGY CO., LTD.: PRODUCT PORTFOLIO
TABLE 22. XENICS: COMPANY SNAPSHOT
TABLE 23. XENICS: PRODUCT PORTFOLIO
TABLE 24. AIM INFRARED MODULE GMBH: COMPANY SNAPSHOT
TABLE 25. AIM INFRARED MODULE GMBH: PRODUCT PORTFOLIO
TABLE 26. L3 TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 27. L3 TECHNOLOGIES: OPERATING SEGMENTS
TABLE 28. L3 TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 29. HAMAMATSU PHOTONICS: COMPANY SNAPSHOT
TABLE 30. HAMAMATSU PHOTONICS: OPERATING SEGMENTS
TABLE 31. HAMAMATSU PHOTONICS: PRODUCT PORTFOLIO
TABLE 32. LYNRED: COMPANY SNAPSHOT
TABLE 33. LYNRED: OPERATING SEGMENTS
TABLE 34. LYNRED: PRODUCT PORTFOLIO
TABLE 35. BOSTON ELECTRONICS.: COMPANY SNAPSHOT
TABLE 36. BOSTON ELECTRONICS.: PRODUCT PORTFOLIO
TABLE 37. SEMICONDUCTOR DEVICES: COMPANY SNAPSHOT
TABLE 38. SEMICONDUCTOR DEVICES.: PRODUCT PORTFOLIO
TABLE 39. FLIR SYSTEMS: COMPANY SNAPSHOT
TABLE 40. FLIR SYSTEMS: OPERATING SEGMENTS
TABLE 41. LEONARDO DRS: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 2017–2019
FIGURE 07. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2019 (%)
FIGURE 08. TOP WINNING STRATEGIES, BY COMPANY, 2017–2019
FIGURE 09. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE THREAT OF NEW ENTRANTS
FIGURE 11. MODERATE THREAT OF SUBSTITUTES
FIGURE 12. MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13. LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14. MARKET SHARE ANALYSIS: COOLED IR CAMERA MARKET, 2018 (%)
FIGURE 15. COOLED IR CAMERA INDUSTRY: VALUE CHAIN ANALYSIS
FIGURE 16. GLOBAL COOLED IR CAMERA MARKET, BY TECHNOLOGY, 2018-2026
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF INDIUM ANTIMONIDE COOLED IR CAMERA MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 18. INDIUM ANTIMONIDE COOLED IR CAMERA MARKET SHARE ANALYSIS, BY SUPPLIERS
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF MERCURY CADMIUM TELLURIDE COOLED IR CAMERA MARKET,  BY COUNTRY, 2020 & 2026 (%)
FIGURE 20. MERCURY CADMIUM TELLURIDE COOLED IR CAMERA MARKET SHARE ANALYSIS, BY SUPPLIERS
FIGURE 21. GLOBAL COOLED IR CAMERA MARKET, BY END USE, 2018-2026
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF DEFENSE & MILITARY COOLED IR CAMERA MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL COOLED IR CAMERA MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF COMMERCIAL SURVEILLANCE COOLED IR CAMERA MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE COOLED IR CAMERA MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF OTHERS COOLED IR CAMERA MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 27. GLOBAL COOLED IR CAMERA MARKET, BY COUNTRY, 2018-2026
FIGURE 28. U.S. COOLED IR CAMERA MARKET REVENUE, 2018-2026($MILLION)
FIGURE 29. REST OF THE WORLD COOLED IR CAMERA MARKET REVENUE, 2018-2026($MILLION)
FIGURE 30. LEONARDO DRS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 31. LEONARDO DRS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 32. LEONARDO DRS: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 33. L3 TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 34. L3 TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 35. L3 TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 36. HAMAMATSU PHOTONICS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 37. HAMAMATSU PHOTONICS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 38. HAMAMATSU PHOTONICS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 39. FLIR SYSTEMS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 40. FLIR SYSTEMS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 41. FLIR SYSTEMS: REVENUE SHARE BY REGION, 2018 (%)

 
 

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.

 

 

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