Global IR (Infrared) Camera Market is Anticipated to Grow at USD 5.10 Billion by 2020: Grand View Research, Inc.

May 16 15:34 2019
Global IR (Infrared) Camera Market is Anticipated to Grow at USD 5.10 Billion by 2020: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Microbolometer development has resulted in increased commercialization, which is also expected to be a key IR (Infrared) Camera market driver

According to a report “IR (Infrared) Camera Market Analysis By Material (Germanium, Silicon, Zinc Selenide, Sapphire), By Application (Military & Defense, Industrial, Commercial, Medical Imaging) And Segment Forecasts To 2020”, published by Grand View Research, Inc. The Global IR (Infrared) Camera Market is expected to reach USD 5.10 billion by 2020, according to a new study by Grand View Research, Inc. 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.

Key Takeaways from the report:

  • Research improvements in clinical trials to inhibit the growth of bio-film development on urinary catheter and introduction of hydrophilic coatings for catheter based delivery systems is anticipated to upsurge the demand of novel catheters for various surgical procedures. 
  • Furthermore, growth in the global geriatric population, which is highly prone to infectious diseases, is also expected to attribute towards the industry growth.
  • Unhealthy lifestyle habits such as excessive smoking, alcohol consumption and medical conditions like diabetes that consequently widens the consumer base by facilitating the need for catheter in surgical procedures, is anticipated to significantly boost the usage rate.

Global IR camera market by material, (USD Billion), 2012 – 2020

Global IR camera market by material, (USD Billion), 2012 – 2020

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Grand View Research has segmented the global IR camera market on the basis of material, application and region:

IR Camera Material Outlook (Revenue, USD Million, 2012 – 2020)

  • Germanium
  • Silicon
  • Zinc Selenide
  • Sapphire

IR Camera Application Outlook (Revenue, USD Million, 2012 – 2020)

  • Military & Defense
  • Industrial
  • Commercial
  • Medical Imaging
  • Others

IR Camera Regional Outlook (Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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