The increasing applications of thermal imaging and rising importance of surveillance in the military and defense sector have given a major stimulus to the market. Military and defense were the very first applications of IR cameras. With rising investments by the defense sector on surveillance, IR camera adoption is expected to increase in the future. Furthermore, the night vision camera systems are gaining prominence in automobiles as well.
According to our report, the IR camera market is estimated to reach USD 5.91 billion by 2023, at a CAGR of 7.72%. The major companies identified in the market are:
1. FLIR Systems Inc.
FLIR Systems Inc. is engaged in the design, development, manufacturing, marketing, and distribution of thermal imaging, visible-light imaging systems, locater, measurement and diagnostic systems, and advanced threat-detection solutions that detect objects, people, and substances that may not be perceived by human sense and improve the way people interact with the world around them. The company operates through six segments: Surveillance, Instruments, OEM and Emerging Markets, Maritime, Security, and Detection.
The company offers the broadest range of infrared, also known as thermal, imaging solutions in the world, with products that range from consumer-use thermal camera Smartphone accessories to highly advanced aircraft-mounted imaging systems for military and search and rescue applications, with products in between serving a multitude of markets, customers, and applications.
With the declining costs of thermal imaging cameras, FLIR’s opportunities to increase the adoption of thermal technology and create new markets for the technology have expanded. In the past few years, the company has made significant acquisitions and has launched innovative IR imaging camera series expanding its reach. The launch of high-resolution Thermal Vision Automotive Development Kit recently in February 2018, featuring the high-performance FLIR Boson thermal camera for automakers, tier-one automotive parts suppliers and innovators of advanced driver assistance systems (ADAS) is an efficient camera standing up to the future needs.
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2. Fluke Corporation
Fluke Corporation manufactures, distributes, and services electronic test tools and software. It offers digital multi-meters (DMM), electrical power analyzers, thermal imagers, insulation resistance testers, accessories, and handheld test tools.
The top seller infrared cameras of the company include the performance series, professional series, and expert series. The performance series infrared cameras offer good image quality at an affordable price, and with a rugged design and easy-to-use user interface, these cameras are ideal for troubleshooting tasks. While the professional series thermal cameras provide in-focus, crisp, detailed images, Expert Series infrared cameras produce extremely detailed images, and measure high temperatures up to 1200 °C (2192 °F) and take advantage of the most advanced focus options available for consistently in-focus images.
3. Xenics NV
Xenics NV is a leading provider of advanced infrared imagers and cameras, offering a complete portfolio of infrared cameras and detectors for the SWIR, MWIR, and LWIR ranges. Xenics designs and markets infrared imagers, cores, and cameras of best-in-class image quality and offers a complete portfolio of line-scan and 2-D area-scan products for the VisNIR, SWIR, MWIR and LWIR ranges.
By offering its products, the company serves industrial automation, mining industry, and safety and security and surveillance industries.
The report also examines the role of the leading market players involved in the industry. Some of the other players listed in the study are:
Opgal Optronics Industries Ltd.
Seek Thermal Inc.
FLIR Systems Inc.
About the Market
As per Mordor Intelligence’s analysis, the global IR camera market was valued at USD 3.77 billion in 2017 and is estimated to reach USD 5.91 billion by 2023, registering a CAGR of 7.72% over the forecast period of 2018-2023.