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Date Submitted: 02/23/2016 12:56 AM
Hexa Reports
Market Research Reports and Insightful Company Profiles
IR (Infrared) Camera Market Shares and Size, Market
Strategies and Analysis, Business Overview and Market
Forecasts, 2016 to 2025
The global IR camera market is expected to reach USD 5.10 billion by 2020. IR cameras help identify the
site of tissue damage in case of injuries, and are expected to witness surging demand in medical imaging
applications. They have been extensively used by airports during the outbreak of epidemics to identify
and screen passengers with elevated body temperatures. Microbolometer development has resulted in
increased commercialization, which is also expected to be a key market driver.
High demand for IR cameras across several emerging market segments including food service and
distribution, healthcare and screening, veterinary science, automotive care, maritime vessel inspections
and aircraft inspection offer opportunities for market growth. Incorporating infrared cameras in
smartphones at lower costs is expected to present vistas for market growth for companies operating in
the market. Declining defense spending may pose a barrier to the global IR camera market over the next
six years.
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Hexa Reports
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Further key findings from the study suggest:
Germanium accounted for over 35% of the IR camera market in 2013. Sapphire lenses are extremely
hard, durable and exhibit good transmission range covering UV to IR range. These lenses are suitable for
high-pressure, high power applications, and the segment is expected to witness high growth over the
next six years.
Military and defense was the largest application segment in 2013; these applications have...