Absolute Market Insights recent analysis of the Cooled IR Camera Market finds that the increasing demand in the security & surveillance, quality control & inspection applications is expected to witness maximum growth in the Cooled IR Camera during the forecast period. The global Market revenue stood at a value USD 242.7 Mn in the year 2021.
Market Synopsis
Cooled IR Camera technology was primarily being used in academia, military & defence markets; however, in past few years, it has emerged as a mainstream device for several applications such as security, surveillance, firefighting, and industrial imaging.
Cooled IR Camera on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Cooled IR Camera Market is predicted to grow at a CAGR of roughly 13.50% during the forecast period.
- The Cooled IR Camera Market was estimated to be worth roughly 242.7 Mn in 2021 and is expected to reach USD 736.4 Mn by 2028; based on primary research.
- On the basis of region, Cooled IR Camera Market is projected to dominate worldwide.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Cooled IR Camera Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
Growing investments in autonomous cars and rise in demand for advanced driver assistance systems (ADAS) is fuelling growth of the global cooled IR camera market..Rise in adoption of cooled IR camera in security & surveillance, quality control & inspection applications is projected to boost growth of the market.
Restraint:
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.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Cooled IR Camera Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
North America cooled IR camera market has emerged as the largest regional market in 2021. Growth of this region is mainly driven by early adoption of cooled IR camera in the region. In addition to this, considerable investments from the U.S. military and defence sector in IR cameras for target acquisition & identification and situational awareness has driven the regional market growth. The increased military expenditure has led to surge in procurement of IR cameras by the U.S. armed forces. In addition, the region is home to IR camera manufacturers such as Samsara (San Francisco, CA), Dewetron, Inc. (East Greenwich, RI), and ANVS, Inc. (North Salt Lake, UT). This factor further creates lucrative growth opportunities for the market in this region.
List of Prominent Players in Cooled IR Camera:
- AIM Infrarot-Module GmbH
- Boston Electronics Corporation
- CANTRONIC SYSTEMS (CANADA) INC.
- Global Sensor Technology Co.
- Hamamatsu Photonics K.K.
- InfraTec GmbH
- IRCameras LLC.
- L3Harris Technologies
- Leonardo DRS
- Lynred USA
- SemiConductor Devices
- TBT SYSTEMS
- Teledyne FLIR LLC
- Xenics nv
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Cooled IR Camera?
- How will the Cooled IR Camera change in the upcoming six years?
- Which application and product will take a lion’s share of the Cooled IR Camera?
- What is the Cooled IR Camera drivers and restrictions?
- What will be the CAGR and size of the Cooled IR Camera throughout the forecast period?
This market titled Cooled IR Camera will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years – 2016-2028
Base Year – 2021
Historic Years – 2016-2020
Forecast Years – 2022-2028
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Segments Covered
- Offering
- Products,
- Services,
- Design & Development Services,
- System Integration and Training Services,
- Others
- Technology
- Indium Antimonide (InSb),
- Indium Gallium Arsenide (InGaAs),
- Mercury Cadmium Telluride (MCT),
- Others
- End Use
- Defense & Military,
- Industrial
- Process Monitoring,
- Machine Vision, Etc.
- Commercial Surveillance,
- Automotive & Transportation,
- Healthcare & Pharmaceutical,
- Dental Infrared Imaging,
- Pharmaceutical Infrared Imaging,
- Others
- Distribution Channel
- Direct, Indirect
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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