The Global Near IR Camera Market Size Was Estimated At USD 986.7 Million By 2022 And Is Projected To Grow At A CAGR Of 7.3% During The Forecast Period 2022-2030.
Near IR Camera Market Overview:
Near-infrared light is an electromagnetic wave in the range of visible light and infrared light that cannot be detected by the human eye. Near IR Cameras are developed on this basis, they refer to cameras with NIR sensors. Compared with DSC, near-infrared industrial cameras have stable and reliable performance and are easy to install. Due to their compact, robust construction, NIR cameras are very difficult to damage. Therefore, it can be used in harsh environments and work continuously for a long time. Near-infrared cameras have a short shutter time to capture high-speed moving objects. Industrial cameras can take ten to hundreds of pictures per second, while ordinary cameras can only take 2-3 pictures, and there is a big difference between the two. The near-infrared camera outputs raw data with a relatively wide spectral range, which is more suitable for high-quality image processing algorithms, such as machine vision applications, while ordinary camera images are only suitable for human vision in the spectral range, and after jpeg compression, the image quality Poor, not conducive to analysis and processing. Due to the excellent performance of the near-infrared camera, it has been widely used in many fields such as detection, transportation, science, and medicine.
Near IR Camera market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Near IR Camera market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
- In November 2020, FLIR Systems Inc. launched a new product called FLIR VS290-32, a video oscilloscope for electrical inspection.
- In August 2020, Opgal Optronics partnered with Skylock Anti-Drone Systems to successfully complete the latest anti-drone solution.
- In April 2020, Seek Thermal Inc. developed a new thermal imaging product that automates screening using skin temperature.
- In April 2020, Raytheon Technologies completed its merger agreement with United Technologies Corporation to help customers during any unprecedented situation.
Major Segments Covered in the Global Near IR Camera Market:
Market Key Players:
JAI, FLIR Systems, Allied Vision Technologies, IDS Imaging Development Systems, Basler, HORIBA Scientific, Lumenera, QImaging, Xenics, Photonfocus, Infrared Cameras Inc., And Others.
Near IR Camera Market by Types:
Near IR Camera Market by Applications:
- Measurement & Detection
Near IR Camera Market by Regions:
The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.
The Near IR Camera market in Asia Pacific is expected to grow at a CAGR of around 10.5% over the forecast period owing to increasing military spending. According to CDI, military expenditure in the Asia-Pacific region was US$507 billion in 2018, accounting for 28% of global military expenditure. Countries in the region are spending large budgets to deploy high-security surveillance cameras to track criminals, improve traffic monitoring and deploy in large infrastructure projects. For example, Wuhan Gaode Infrared Co., Ltd. supplies infrared cameras to the Chinese government.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
With security concerns growing over time, a high-quality monitoring system is a top priority. National security is paramount, which is why governments around the world are looking for high-quality infrared cameras that can capture high-quality images and video footage for various locations monitored by security personnel. Infrared cameras utilize infrared radiation to capture accurate and high-quality images at night, and being the most cost-competitive imaging systems, infrared cameras are in high demand.
In addition to this, IR imaging systems have some limitations, which are discussed in the limitations section of this report. This is why there is a wide range of new technologies and systems to implement in IR imaging systems. The infrared (IR) camera market is one of the few segments that is on the verge of growth and even presents some significant limitations in terms of accuracy, creating an opportunity for camera manufacturers to develop high-precision imaging systems and capture the global market.
One of the main advantages of infrared cameras over standard cameras is that infrared cameras can accurately record high-quality security images at night. This is why the demand for technology in the field of security and surveillance has increased. With such security benefits, governments and security agencies are experimenting with using such infrared cameras as part of their operations. Manufacturers and suppliers are working hard to develop and offer the luxury features that are in such high demand for infrared cameras. The application of infrared cameras in security surveillance border control is a major factor for the growing demand in the global market. Using such cameras for border control services helps prevent intruders from any breaches that could lead to serious security issues. Traditional cameras have certain limitations when shooting at night, and the image quality of 240px cannot meet the requirements. That's why such high-precision cameras are installed where security concerns are red or yellow alerts. In addition to national security reasons, such infrared cameras are used in industrial, commercial and residential complexes, educational buildings, etc. As all these establishments require a high level of security, the demand for infrared cameras is increasing and driving the global infrared (IR) cameras market forward.
Decreasing cost of thermal imaging cameras is proving to drive the growth of the global thermal imaging cameras market
IR technology follows Moore's Law to some extent; its cost decreases as hardware size increases as hardware becomes smaller and more power efficient. Relatively smaller imaging systems are generally less expensive, consume less power, and perform better overall. Among the two types of infrared cameras viz. Cooled and uncooled IR cameras, especially uncooled IR imaging systems are cheaper.
Over the past decade, improvements in the performance and production process of microbolometer detectors have been found to reduce their manufacturing costs, leading to significant cost reductions. Uncooled IR systems operate at room temperature, significantly reducing size complexity and cost. In comparison, cooled IR sensors cost between $5,000 and $50,000 in low-volume production, while uncooled IR sensors cost between $200 and $10,000 in equivalent volumes.
With the continuous advancement of thermal imaging camera technology and hardware, the cost of thermal imaging camera systems will drop rapidly, which is why the global thermal imaging camera market has become a hot spot for cost reduction.
Report Scope of Global Near IR Camera Market:
CAGR of 7.3% from 2022 to 2030.
CCD, CMOS, Others
Industry, Measurement &Detection, Others
JAI, FLIR Systems, Allied Vision Technologies, IDS Imaging Development Systems, Basler, HORIBA Scientific, Lumenera, QImaging, Xenics, Photonfocus, Infrared Cameras Inc.
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America(Brazil, Argentina, Rest of Latin America)
- Rest Of the World
2017 to 2022
2023 to 2030
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
- The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions-
What is the CAGR of Near IR Camera market?
The Near IR Camera Market is growing at a CAGR of 7.3% During Forecast Period.
What are the key types and applications of Near IR Camera market?
- CCD, CMOS, Others
- Industry, Measurement &Detection, Others
Who are the key players in Near IR Camera market?
JAI, FLIR Systems, Allied Vision Technologies, IDS Imaging Development Systems, Basler, HORIBA Scientific, Lumenera, QImaging, Xenics, Photonfocus, Infrared Cameras Inc., And others.
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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.