Material Insights
Germanium lenses dominate the IR camera market share, followed by silicon and is anticipated to retain its
dominance from 2016 to 2024 because they are non-hygroscopic and have advanced mechanical properties.
Further, Germanium is a good emitter of the infrared, which will impact positively on the market growth of the
IR camera over the forecast period.
The ZnSe (Zinc Selenide) lenses are estimated to grow at a higher rate than the global average. ZnSe lenses have
greater resistance to thermal waves and low absorption coefficient. Sapphire segment is very durable, extremely
hard and show a good transmission range. This section of lenses can be used in extreme weather conditions.
Silicon’s low density (2.329 g/cm3) is perfect for use in the weight-sensitive applications. Silicon lens is a less
brittle alternative for Germanium lens.
Application Insights
The global infrared camera market has witnessed substantial demand due to increasing adoption of it in several
applications. The defense sector is anticipated to dominate the market over the upcoming years, owing to higher
investments in the Asia Pacific and the Middle East regions. Infrared camera applications for infrastructure
cabling and video surveillance are also anticipated to fuel market growth. Rising adoption in the commercial
application sector is expected to extend fuel market growth. The medical imaging segment is estimated to
witness substantial growth over the upcoming years.
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The medical imaging industry is supposed to see significant growth over the next years. Increasing demand in
hospitals to detect life-threatening diseases like tumors or cancer urge Infrared camera market adoption. This
can be accredited to the increase in the use of infrared camera across several applications including security &
surveillance, thermography, and transportation systems. Rising demand in hospitals to detect life-threatening
diseases like tumors or cancer urge Infrared camera market adoption. Also, IR camera can be used in several
applications like security & surveillance, thermography, and transportation systems.
Regional Insights
North America dominated the overall market share of the IR cameras in 2013. Technological developments
coupled with the existence of the primary industries are anticipated to contribute to the regional market growth.