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Technological advancements and increased product integration ( with high resolution cameras and smart phones ) contribute better industry prospects . Future opportunities would be generated via developments in remote sensing , hyper spectral imaging , & some other areas . However , curbs on defense expenditures by developed regions may adversely affect demand of IR Camera Market .
The IR ( infrared ) camera market can be categorized into materials , applications , and regions . Materials consist of silicon , sapphire , germanium , and zinc selenide . Germanium earned 40 % of the total revenues in 2015 . Its advantages comprise better carrier mobility and higher nonlinear coefficients . Sapphire is mainly used in high-power and high-pressure applications . Silicon offers short thermal time constant and high uniformity .
Industrial , commercial , military & defense , medical imaging , and others constitute the applications . Military & defense is expected to occupy over one-thirds of the total IR Camera Market size by 2024 . It favors IR cameras owing to their prope rties ; like ruggedness , reliability , and extreme temperature withstanding-ability .
Commercial and medical imaging would fare well in the eight years ahead . The former is likely to grow at a CAGR of 10 % during the forecast period . It includes security & surveillance , automotive night vision , thermography , and fire & rescue .
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IR technology is non-invasive and hence preferred for medical imaging . IR cameras enable identification of the injured site . They play a major role in detecting cancerous and non - cancerous tumors .
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