According to The Insight Partners latest market study on "InGaAs Camera Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Camera Cooling Technology, Scanning Type, and Application," the market is expected to grow from US$ 107.99 million in 2021 to US$ 183.35 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.
The global InGaAs camera market is segmented into five major regions – North America, Europe, Asia Pacific, MEA, and SAM. North America held the largest market share in 2020, followed by APAC and Europe. APAC is anticipated to register the highest CAGR in the market during the forecast period. The increasing adoption by the military & defense industries and the rising penetration of machine vision systems fuel the InGaAs camera market growth. In addition, due to the advancements in technology, North America has been highly competitive, with the US being a developed country accepting modern technology electronic devices. The region has several technological giants that invest significant amounts in developing advanced technologies. With the increasing demand for high-quality and efficient electronic devices among Americans, OEMs focus on developing advanced technological devices. The North America InGaAs camera market is anticipated to grow in the coming years due to the presence of prominent players in military and defense, scientific research, and industrial automation, such as Teledyne Technologies, FLIR Systems, and Sensors Unlimited. Moreover, according to the World Bank collection of development indicators, the military expenditure of the US was around 3.74 % of its GDP in 2020, which is compiled from officially recognized sources. Therefore, the increasing spending on military and defense is expected to propel the market in North America during the forecast period.
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An increasing partnership between government bodies of various regions and the tech giants is creating attractive opportunities for the InGaAs camera market. For example, the Sensors and Electron Devices Directorate (SEDD) and US Army research laboratory's Sensor have developed quantum well-infrared detector (QWID) technology. Sensors Unlimited is the leader of short-wave infrared InGaAs cameras, photodiodes, and arrays for night vision technology. It works with the Department of Defense of the US on various projects through the Defense Advanced Research Projects Agency (DARPA) and the Night Vision Laboratory (NVL) of the US Army. Thus, the above factors are driving the regional and global InGaAs camera market growth.
The global InGaAs camera market is segmented on the basis of camera cooling technology, scanning type, and application. Based on camera cooling technology, the market is segmented into uncooled camera and cooled camera. Based on scanning type, the InGaAs camera market is bifurcated into area scan camera and line scan camera. By application, the market is segmented into military & defense, industrial automation, and scientific research. In terms of geography, the InGaAs camera market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, South Korea, Japan, and the Rest of APAC), Middle East and Africa (South Africa, Saudi Arabia, the UAE, and the Rest of MEA), and SAM (Brazil, Argentina, and the Rest of SAM).
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Impact of COVID-19 Pandemic on InGaAs Camera Market
The COVID-19 outbreak has adversely impacted the economic condition due to various government measures, such as lockdown and border closures, leading to delays in procurement, manufacturing, and delivery. In Asia-pacific, China is the first country to start its economic activity and has seen a recovery trend in its economic progress. The COVID-19 crisis has negatively affected various industries worldwide, and the global economy faced a slump in 2020 and 2021. The effect of COVID-19 pandemic on various economies differs based on the outbreak level in the specific countries. As a result, the prevalence of nation-wide lockdowns to minimize virus transmission has significantly disrupted the activities of supply chain and production of component, equipment, controller, and raw material related to InGaAs cameras. The InGaAs camera market players experienced supply chain disruptions in 2020 due to various containment measures enforced by the governments. The crisis also hindered their production performances in that year. However, from mid-2021, the supply chains of InGaAs camera players stabilized, and the InGaAs camera market began experiencing growth from 2022.
This technology substitutes human visual sense and judgment capabilities with digital cameras and image processing to complement manual inspections and measurements. Different industries incorporate this technology to automate their production and improve product quality and speed.The rising demand for high-quality inspection and automation in various industries is driving the need for machine vision, eventually bolstering the InGaAs camera market. Moreover, the demand for machine vision systems for 3D inspection and vision-guided robots is further driving the InGaAs camera market's growth. Increasing research and development and the launch of new products by market players are also propelling the InGaAs camera market substantially. For example, Xenics NV offers a small, low-cost, uncooled InGaAs camera to increase the productivity of industrial machine vision systems. Thus, technological advancements in InGaAs cameras are driving the InGaAs camera market's growth.
Hamamatsu Photonics K.K.; Allied Vision Technologies GmbH; New Imaging Technologies; Pembroke Instruments, LLC; Polytec GmbH; Raptor Photonics Limited; Sensors Unlimited; SWIR Vision Systems Inc.; and Xenics N.V. are among the major companies operating in the InGaAs camera market.
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The Global InGaAs Camera Market is predicted to touch USD 146.4 Million at a healthy 9.86% CAGR between 2018- 2024, states the recent Market Research Future (MRFR) analysis.
InGaAs camera or indium gallium arsenide camera helps to broaden the utility of shortwave infrared or near infrared imaging and spectroscopy.
These cameras are used to offer imaging, which is shortwave or near infrared rage and easily visible to the eyes.
According to the recent MRFR report, such factors include the growing adoption of such cameras for machine vision applications, rising penetration in military and defense, growing use in firefighting, surveillance, and security, and constant technological advancements, and the rising automation in industrial applications.
Of these, the area scan camera will lead the market over the forecast period, and the line scan camera segment will grow at a high CAGR.
By application, the global InGaAs camera market is segmented into spectroscopy, scientific research, safety and security, surveillance, industrial automation, military and defense, and others.Regional AnalysisBased on the region, the global InGaAs camera market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW).
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.
(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).
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 AnalysisThe 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.
Market Analysis and Insights:- Global InGaAs Camera MarketGlobal InGaAs Camera Market By Scanning Type (Area Scan Camera, Line Scan Camera), Technology (Cooled Camera, Uncooled Camera), Application (Military and Defence, Industrial Automation, Surveillance, Safety and Security, Scientific Research, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026Market Analysis: Global InGaAs Camera Market Global InGaAs camera is expected to register a substantial CAGR of 9.60% in the forecast period of 2019-2026.
The growing need for better management of the workforce and increasing application in defence and military forces and advancement in technology are the major factor for the growth of this market.Get More Insight About the Global InGaAs Camera Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-ingaas-camera-marketMarket Definition: Global InGaAs Camera Market InGaAs cameras are camera which is based on cooling technology and are used in military, aerospace, telecommunications, industrial inspection, and spectroscopy.
These cameras find many applications in defence due to their performance features such as small, uncooled, lightweight design, high quality night vision, attached covert eye-safe lasers, target recognition, and sensitivity to nightglowsMarket Drivers:Rapid increase in demand for InGaAs camera for machine vision applicationRise in its demand as it enables security, surveillance, and firefighting is driving marketTechnological advancement and development in InGaAs camera will also drive the growth of this marketIncreasing demand for InGaAs camera in defence and military purpose will also act as a driver for this marketMarket Restraints:Stringent regulation regarding import and export of InGaAs camera will restrain the market growth.High price of InGaAs camera hinders the growth of the market.Know More About this Report @ https://www.databridgemarketresearch.com/reports/global-ingaas-camera-marketSegmentation: Global InGaAs Camera Market By Scanning TypeArea Scan CameraLine Scan CameraBy TechnologyCooled CameraUncooled CameraBy ApplicationMilitary and DefenseIndustrial AutomationSurveillance, Safety, and SecurityScientific ResearchOthersBy GeographyNorth AmericaU.S.CanadaMexicoSouth AmericaBrazilArgentinaRest of South AmericaEuropeGermanyFranceUnited KingdomItalySpainRussiaTurkeyBelgiumNetherlandsSwitzerlandRest of EuropeAsia-PacificJapanChinaSouth KoreaIndiaAustraliaSingaporeMalaysiaIndonesiaThailandPhilippinesRest of Asia-PacificMiddle East and AfricaSouth AfricaEgyptSaudi ArabiaUnited Arab EmiratesIsraelRest of Middle East and AfricaKey Developments in the Market:In March 2019, SWIR Vision Systems announced the launch of quantum dot, which is the first shortwave camera, built on senor technology.
SWIR will exclusively exhibit its camera on 8th -11th April at the Automate trade fair in Chicago and will demonstrate its features such as silicon inspection, machine vision, surveillance and security systems, hyperspectral imaging, and other core SWIR applications.In October 2014, Raptor Photonics announced the launch of NINOX 640, a cooled VIS-SWIR InGaAs camera.
Using 640 x 512 InGaAs sensor from SCD, the NINOX 640 offers visible extension from 0.4µm to 1.7µm to enable high sensitivity imaging, features an on-board intelligent 3 point Non Uniform Correction (NUC) algorithm which provides high quality image.
The report includes market shares of InGaAs camera for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.Key Market Competitors: Global InGaAs Camera Market Few of the major competitors currently working in the global InGaAs camera are Photon Interactive UK Limited., Hamamatsu Photonics K.K., First Sensor AG, Jenoptik AG, Teledyne Technologies Incorporated., Luna, Lumentum Operations LLC, Albis Optoelectronics AG, Thorlabs, Inc., Xenics, New Imaging Technologies, Allied Vision Technologies GmbH, Raptor Photonics Limited, Teledyne Princeton Instruments, AC Photonics, Inc., New England Photoconductor, Qphotonics, Episensors, Inc., Roithner Lasertechnik GmbH, KYOTO SEMICONDUCTOR Co., Ltd., Cosemi Technologies, Inc., Voxtel, Inc., Edmund Optics Inc., Precision Micro-Optics Inc.Research Methodology: Global InGaAs Camera Market Data collection and base year analysis is done using data collection modules with large sample sizes.
