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Infrared Camera Market Share

Report ID: GMI397
Published Date: Jan 2020
Report Format: PDF

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Infrared Camera Market Share

The infrared camera industry is a highly competitive market with the presence of a large number of players. The low-entry barriers for new entrants are expected to further increase market competitiveness. Market players are investing in supplier companies to enhance their product ability.

For instance, in December 2019, FLIR Systems, Inc. announced its strategic investments in Providence Photonics, LLC. Providence Photonics develops software, which quantifies invisible gas emissions using FLIR Optical Gas Imaging (OGI) cameras. This investment will help FLIR to enhance its cameras for applications in the oil & gas industry.

Major market leaders operating in the market include:

Axis Communications AB
DIAS Infrared GmbH
FLIR Systems
Fluke Corporation
Fujifilm Holdings Corporation
Xenics Hangzhou Hikvision Digital Technology Co., Ltd
Hanwha Techwin Co., Ltd. (Hanwha Aerospace Co., Ltd.)
Honeywell International, Inc
Infrared Cameras, Inc
InfraTec GmbH
Leonardo DRS (Leonardo SPA)
OMEGA Engineering, Inc. (SPECTRIS PLC)
OPGAL OPTRONIC INDUSTRIES LTD
Optris GmbH
Panasonic Corporation
Raytheon Company
Seek Therma
SiOnyx LLC
Testo AG.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of infrared camera exceeded USD 6 billion in 2019.

The industry share of infrared camera is set to grow at 7% CAGR between 2020 and 2026.

According to this statistics report, the global industry shipments are projected to reach 3.5 million units by 2026.

The APAC market will expand at around 10.5% CAGR during the forecast timeline due to rise in military spending across the region.

Major market companies include Axis Communications AB, DIAS Infrared GmbH, FLIR Systems, Fluke Corporation, Fujifilm Holdings Corporation, Xenics Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Techwin Co., Ltd. (Hanwha Aerospace Co., Ltd.), Honeywell International, Inc., Infrared Cameras, Inc., InfraTec GmbH, Leonardo DRS (Leonardo SPA), OMEGA Engineering, Inc. (SPECTRIS PLC), OPGAL OPTRONIC INDUSTRIES LTD., Optris GmbH, Panasonic Corporation, Raytheon Company, Seek Therma, SiOnyx, LLC, and Testo AG.

Fixed infrared cameras dominated the U.S. industry with over 40% share in 2019 and is expected to continue dominance till 2026.