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InGaAs Camera Market 2020 with Focus on Opportunities, Challenges and Growth Factors 2023

The global InGaAs camera market size is anticipated to reach a market valuation of USD 146.4 million by the end of the forecast period, registering a 9.86% CAGR,

Global InGaAs Camera Market Overview

The global InGaAs camera market size is anticipated to reach a market valuation of USD 146.4 million by the end of the forecast period, registering a 9.86% CAGR, as per the study conducted by Market Research Future (MRFR) and published in the form of a report. InGaAs cameras have a wide scope of application but are primarily used in military and defense sector. Military covert operations are known to take advantage of infrared technology for enabling night vision or gaining visibility through the atmospheric haze. SWIR technology is generally used for security and surveillance, and in combination with InGaAs cameras. While SWIR is more suitable for the visibility through polluted hazy environments as compared to other IR technologies.

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Apart from the security and surveillance sector, the global InGaAs cameras have varied applications in pharmaceutical, semiconductor, and other industries. Upscaling industrial automation has led to an acceleration in the demand for robotics and automated systems, among which condition monitoring is one of the most important applications. Condition monitoring is a vital part of predictive (maintenance where the continuous inspection of industrial installations is maintained). This aids in the avoidance of unplanned production stops and enables better planning and maintenance services. Other applications of the InGaAs camera include food sorting for the removal of extravenous vegetable matter and unwanted particles from vegetables and fruits, waste sorting, color detection, and agricultural sorting. Various applications are anticipated to boost the demand of the global InGaAs camera market over the forecast period.

Key Players

Some prominent players prevalent in the global InGaAs camera market include 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).

Market Segmentation

The global InGaAs camera market trends are studied for various segments that are based on scanning type, camera cooling technology, application, and region. Based on scanning type, the global InGaAs camera market is segmented into line scan camera and area scan camera. The area scan camera segment is anticipated to gain maximum share of the global InGaAs camera market over the forecast period. Area scan cameras refer to general purpose cameras that contain a larger matrix of pixels for capturing 2D images of an area in one exposure cycle. Area scan cameras are suitable for different applications where the object is stationery. On the other hand, line scan cameras are used for capturing continuous images using a single row of pixels. Line scan cameras are used where objects are in motion such as on a machine belt like line inspection.

Based on camera cooling technology, the global InGaAs camera market is segmented into cooled camera and uncooled camera. The uncooled camera segment is likely to contribute a larger share to the global InGaAs camera market. On the other hand, the cooled camera segment is likely to grow at the highest CAGR over the forecast period.

Based on application, the global InGaAs camera market is segmented into military and defense, industrial automation, surveillance, safety and security, scientific research, and spectroscopy. The military and defense segment is anticipated to dominate the global InGaAs camera market over the assessment period. Alternatively, the industrial automation segment is expected to garner a high CAGR in the forthcoming years.

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Detailed Regional Analysis

The global  InGaAs camera market is segmented into the regions of North America, South America, Asia Pacific, Europe, and the Middle East & Africa. North America is likely to hold the largest InGaAs camera market share during the forecast period. Europe is anticipated to tread in the same path as North America, gaining the second largest share of the global InGaAs camera market. Asia Pacific, alternatively, is likely to upscale at the fastest rate over the review period.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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