Global Silicon Infrared (IR) Camera Market – Industry Trends and Forecast to 2029

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Silicon Infrared (IR) Camera Market Analysis and Size

A silicon infrared camera is a non-contact device which detects infrared energy (heat) and that converts into an electronic signal then processed to create a thermal image on a monitor and perform temperature calculations. The reducing price due to technological proliferation is anticipated to be a major factor for the silicon infrared (IR) camera market growth. Also, the increased commercialization due to the advancements in micro bolometer technology is projected to fuel the market's growth rate over the next few years. On account of augmented adoption in commercial and industrial applications, they are used across several surveillance and security applications.

Data Bridge Market Research analyses that the silicon infrared (IR) camera market was valued at USD 6,932.60 million in 2021 and is expected to reach USD 12090.78 million by 2029, registering a CAGR of 7.20% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Silicon Infrared (IR) Camera Market Scope and Segmentation

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Market Definition

A Silicon infrared camera is also called thermal imaging camera, thermal imager or thermal camera. It is a device that creates an image by using infrared (IR) radiation, it is similar to normal camera , which forms an image by using visible light. In the place visible light camera with the range of 400–700 nanometre (nm) use infrared cameras because it is sensitive to wavelengths from about 1,000 nm (1 micrometre or μm) to about 14,000 nm (14 μm).

Silicon Infrared (IR) Camera Market Dynamics

Drivers

• Rise the demand in automotive sector

Silicon infrared (IR) camera is widely used in the automotive industry, because it enables the drivers to see in weather condition and extreme lighting to ensure safety and avoid accidents. Automotive manufacturing companies and silicon infrared (IR) camera solution providers are collaborating to deliver advance and unique thermal solutions for use in the automotive application. The rising demand for silicon infrared (IR) cameras in the automotive sector is expected to drive the market's growth rate.

• Increasing demand for surveillance

The demand for the silicon infrared (IR) camera in surveillance has increased across several applications, including defence and military, energy, and commercial spaces such as banks. An growing demand for rigorous and continual surveillance in the military is expected to drive the market growth of silicon infrared (IR) camera.

Furthermore, increasing investment for the development of high performance infrared cameras,  the availability of silicon infrared (IR) camera at an affordable prices, increasing usages of camera for object identification, detection and classification are some major factors that will expected to improve the growth of the silicon infrared (IR) camera market during forecast period of 2022-2029. 

Opportunities

• Technological advancement

Currently, technological advancements have led to miniaturization, this advancement is anticipated to favourably impact the growth of the market. These silicon infrared (IR) camera s are capable detect objects in total darkness and can also viewing across a long-wave infrared region. These advancements increase mass production, and a range of diverse applications are expected to create beneficial opportunities for the growth of the silicon infrared (IR) camera.

Furthermore, advancement of microbolometer technology and increasing commercialisation will further increase the various opportunities which will lead to the growth of the silicon infrared (IR) camera in upcoming period. 

Restraints/ Challenges

• High cost and lack of accuracy

The lack of accuracy and the high cost of silicon (IR) infrared cameras are the major factors acting as market restraints for the growth of the silicon infrared (IR) camera during the abovementioned forecasted period.

This silicon infrared (IR) camera market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the silicon infrared (IR) camera market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Silicon Infrared (IR) Camera Market

The widespread and outbreak of COVID-19 have led to a slowdown in economic growth globally. It has severely affected numerous industries, including the silicon infrared (IR) camera industry. Companies are working and planning on keeping their businesses operational. Distributing and Manufacturing silicon infrared (IR) camera products are the key challenges which has faced by the companies. Numerous countries globally have imposed or extended the lockdowns to contain the widespread pandemic, which has resulted in disruptions in the manufacturing unit and supply chain of the silicon infrared (IR) camera.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

Global Silicon Infrared (IR) Camera Market Scope

The silicon infrared (IR) camera market is segmented on the basis of product, detector, wavelength and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Fixed
• Handheld
• Pan-Tilt-Zoom (PTZ)

Detector

• Cooled
• Uncooled

 Wavelength

• Near Infrared
• Short-Wave Infrared (SWIR)
• Mid-Wave Infrared (MWIR)
• Long-Wave Infrared (LWIR))

Application

• Automotive
• BFSI
• Commercial
• Government and Defence
• Healthcare
• Industrial
• Residential

Silicon Infrared (IR) Camera Market Regional Analysis/Insights

The silicon infrared (IR) camera market is analysed and market size insights and trends are provided by country, product, detector, wavelength and application as referenced above.

The countries covered in the silicon infrared (IR) camera market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the silicon infrared (IR) camera market in terms of revenue and market share. This is due to the technological advancement and the prevalence of most manufacturers in this region.

Asia-Pacific is anticipated to be the fastest developing region due to increasing expenditure on defence industry in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Silicon Infrared (IR) Camera Market Share Analysis

The silicon infrared (IR) camera market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to silicon infrared (IR) camera market.

Some of the major players operating in the silicon infrared (IR) camera market are:

• Teledyne FLIR LLC (U.S.)
• L3Harris Technologies Inc, (U.S.)
• Nippon Avionics Co.,Ltd. (Japan)
• Hanwha Techwin Co., Ltd. (South Korea)
• Axis Communications AB (Sweden)
• Current Corporation (U.S.)
• ZHEJIANG DALI TECHNOLOGY CO., LTD. (China)
• Fluke Corporation (U.S.)
• General Dynamics Mission Systems Inc, (U.S.)
• Excelitas Technologies (Canada)
• Raytheon Technologies Corporation (U.S.)
• Seek Thermal (U.S.)
• Testo SE & Co. KGaA (Germany)
• Zhejiang ULIRVISION Technology Co., LTD.  (China)
• Wuhan Guide Infrared Co. Ltd, (China)

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