Market Research Future published a research report on “InGaAs Camera Market Research Report - Global Forecast to 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Market Overview:
InGaAs cameras are increasingly being used in a number of applications—military and defense being the major end user. Covert military operations make use of shortwave infrared (SWIR) technology inbuilt InGaAs cameras as it makes them suitable for night vision or gaining visibility through atmospheric haze. Apart from military & defense, SWIR InGaAs cameras are used for automated inspections in pharmaceutical, semiconductor, and other industries.
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Key Players
The major players operating in the InGaAs camera market are Hamamatsu Photonics K.K. (Japan), Sensors Unlimited (US), FLIR Systems (US), First Sensor (Germany), Jenoptik AG (Germany), Xenics (Belgium), New Imaging Technologies (France), Teledyne Technologies (US), Allied Vision Technologies (Germany) and Lumentum (US). These players contribute a major share in the growth of InGaAs Camera Market.
Apart from the top key players, there are other players that contribute to the market growth. These include Sofradir (France), Laser Components (Germany), Thorlabs (US), Luna (US), Raptor Photonics (UK), Albis Optoelectronics (Switzerland), Princeton Instruments (US), Photon (Canada), Fermionics Opto-Technology (US), GPD Optoelectronics (US), New England Photoconductor (US), AC Photonics (US), QPHOTONICS (US), Episensors (US), and IRCameras (US), and others.
InGaAs Camera Market – Segmentation
By scanning type, the market has been segmented into line scan camera and area scan camera. The area scan camera segment is expected to contribute a major share to InGaAs camera market while line scan camera is expected to grow at a high growth rate.
By camera cooling technology, the InGaAs camera market has been segmented into cooled camera and uncooled camera. The cooled camera segment is expected to grow at the highest CAGR during the forecast period while uncooled camera segment is expected to contribute to a larger share of the InGaAs camera market.
By application, the InGaAs camera market has been segmented into military & defense, industrial automation, surveillance, safety & security, scientific research, spectroscopy, and others. The military & defense segment is expected to dominate the InGaAs camera market during the forecast period while the industrial automation segment is expected to grow at a high CAGR during the forecast period.
Global InGaAs Camera Market – Regional Analysis
The InGaAs camera market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of the InGaAs camera market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, North America is expected to hold a significant share of the InGaAs camera market during the forecast period followed by Europe. North America has several military and defense equipment manufacturers due to which this region experiences high demand for InGaAs cameras.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The increase in military and defense expenditure in countries such as China, Japan, and India is expected to boost the demand for InGaAs cameras. Also, growth of security and surveillance sector with the implementation of advanced technologies is boosting the growth in the Asia-Pacific region. Industrial automation is also expected to play an important role in the growth of InGaAs cameras demand. China, Japan, Taiwan, and South Korea are rapidly moving towards automation which has increased the demand for industrial automation equipment
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