Industrial Infrared Camera Market Outlook- 2030
An industrial infrared camera is a non-contact device that captures infrared energy and converts it into an electronic signal, which is process to create a thermal image on the monitor. The heat detected by the infrared thermal image accurately detects and measures to control the heat output and identify heating problems. Industrial infrared cameras are divided into three types, short-wave infrared, mid-wave infrared, and long-wave infrared.
Recent innovations, especially in detector technology, include integrated imaging systems as well as automated functions and infrared software development. It is expected to provide lower-cost thermal analysis solutions in the next few years. The diverse applications of industrial infrared camera include industrial, commercial surveillance, automotive, and others. All these factors are assisting the growth of industrial infrared camera market globally.
The global industrial infrared camera market is segmented on the basis of technology, wavelength, application, industrial verticals, and region. Based on technology, the market is divided into cooled IR camera and uncooled IR camera. In terms of wavelength, the market is categorized into near infrared, shortwave infrared, mid-wave infrared, and long-wave infrared.
On the basis of application, the market is divided into security & surveillance, monitoring & inspection and detection. On the basis of the industrial verticals, market is divided into defense & military, industrial, commercial surveillance, automotive, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global industrial infrared camera industry 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 companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has severely affected the business of almost all industries. While the COVID-19 pandemic crisis unfolds, regulatory bodies all over the world are in the compulsion to impose strict lockdown and travel bans. Moreover, this has drastically affected the growth of the industrial infrared camera market share.
Due to the COVID-19 pandemic, the supply chain systems were disrupted and the strict instruction of governing bodies to follow social distancing norms forced the industries to work with minimal workforce, which led to the decrease in the production rate of the industries. Thus, all these factors negatively contribute to the growth of the industrial infrared camera industry.
However, after the COVID-19 pandemic, the diversified and innovative applications of industrial infrared camera, such as defense & military, industrial, commercial surveillance, automotive will drive the industrial infrared camera market.
Top Impacting Factors
In industries, industrial infrared camera is used for security and surveillance systems. The industrial infrared camera provides quality inspection and control. Thus, increase in the use of industrial infrared camera in commercial sector will provide the industrial infrared camera market.
Increase in the use of short wave infrared range (SWIR), with the advancement of technology in cooled infrared imaging camera led infrared imaging camera used for short-range terminal applications. Industrial infrared camera for short wave infrared range SWIR spectra is for close range. Short wave infrared range increases vision. Thus, the use of short-wave infrared range in industrial camera helps to surge the demand for industrial infrared camera market.
Industrial infrared cameras are very expensive and face major obstacles in the introduction process, especially in developing countries, such as countries Qatar and South Korea, sufficient government funds to implement security technologies and high initial cost of purchasing and maintenance of industrial infrared camera restraint the growth of the market.
Surge in Usage in Security and Surveillance Applications
The most commonly used wavelengths, long-wave infrared LWIR and mid-wave infrared MWIR in industrial infrared camera are for security and surveillance applications. Both of the wavelength LWIR and MWIR need to be within the scene Imaging. However, LWIR is more effective than MWIR. Industrial infrared camera is generally chosen technology, mainly for firefighting and military applications within the ambient background temperature range. There is a large flow (heat energy emitted by the target and surrounding background). Such applications are witnessed in increased in adoption of LWIR. Thus, rise in adoption of LWIR for security and surveillance surges the demand for industrial infrared camera market.
Increase in Use of Short Wave Infrared Range (SWIR) in Industrial Infrared Camera
The increased use of short wave infrared range in is industrial cameras in cooled infrared imaging. Short wave infrared range provides no noise and helps to improve the visibility. Short wave infrared range camera is used for semiconductor inspection, spectroscopy. Thus, the use of short-wave infrared range features help to increase the demand for industrial infrared camera market.
Key Benefits of the Report
- This study presents the analytical depiction of the industrial infrared camera market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global industrial infrared camera market trends.
- The current market is quantitatively analyzed to highlight the global industrial infrared camera market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global industrial infrared camera market analysis depending on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Industrial Infrared Camera Market Research Report
- Which are the leading players active in the industrial infrared camera market size?
- What are the detailed impacts of COVID-19 on the market?
- What current trends will influence the industrial infrared camera Industry in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Industrial Infrared Camera Market Report Highlights
Key Market Players
L3 Technologies, ltd., FLIR System Inc., Lynred, Xenics, AIM Infrarot-Module GmbH, SemiConductor Devices, Leonardo DRS, Global Sensor Technology Co., Boston Electronics Corporation