InGaAs Cameras - Worldwide Market Growth, Trends, Insights & Forecasts (2019-2024) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 13, 2019--
The “InGaAs Camera Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The InGaAs Camera Market was valued at USD 88.27 million in 2018 and is expected to reach USD 156.35 million by 2024, recording a CAGR of 10.27%, during the forecast period of 2019-2024.
InGaAs cameras are significantly replacing CCD cameras in HSI systems with high sensitivity in the 900-1,700 nm wavelength range and low thermal noise. This is because CCD cameras are not suitable for scanning applications of wavelengths greater than 1,100 nm.
The advent of deep-cooled camera systems that use InGaAs focal plane arrays is expected to amplify and broaden the utility of near-infrared and shortwave infrared imaging and spectroscopy. In terms of quantum efficiency, InGaAs cameras can be considered as the advanced version of silicon camera, thereby making InGaAs camera a promising choice for hyperspectral imaging systems that work in the near-infrared region, for agricultural applications.
The shortwave infrared range provides discriminatory information on all sorts of materials, thereby paving the way to hyperspectral imaging applications, in food sorting, waste management, machine vision, precision agriculture, and medical diagnostics.
Growing automation in industrial applications and constant technological advancements are some of the major factors propelling the growth of the InGaAs camera market. The adoption of automation is increasing rapidly to reduce errors and for decision making. Automated systems and robotics help companies to increase productivity and efficiency.
Moreover, the increasing demand for InGaAs camera in machine vision (for industrial applications) and its rising adoption (for military and defense applications) are expected to act as drivers, for the market.
However, high costs pertaining to InGaAs camera and stringent regulations on import and export may hinder the growth of the market.
Key Market Trends
Industrial Automation Expected to Occupy the Largest Market Share
North America Anticipated to Account for the Largest Market Share
The InGaAs camera market is fragmented due to the market consist of many large players as well as new players. Companies are also trying to innovate their existing products to cater to increasing demand from consumers which makes the market competitive.
Some of the major players are Allied Vision Technologies, Acal BFI Limited Company, Coherent, Flir Systems, FluxData, Hamamatsu Photonics, Lambda Photometrics, New Imaging Technologies, Teledyne Technologies Incorporated, among others.
Key Topics Covered
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Adoption in Machine Vision Applications
4.2.2 Rising Demand in Military & Defense Operations
4.3 Market Restraints
4.3.1 High Cost of InGaAS Cameras
4.3.2 Stringent Regulation on Export & Import
4.4 Industry Attractiveness - Porter’s Five Force Analysis
4.5 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Military & Defense
5.1.2 Industrial Automation
5.1.3 Surveillance & Security
5.1.4 Other Applications
5.2.1 North America
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Allied Vision Technologies GmbH
6.1.2 Acal BFI Limited Company
6.1.3 Coherent Inc.
6.1.4 Flir Systems Inc.
6.1.5 FluxData Inc.
6.1.6 Hamamatsu Photonics KK
6.1.7 Lambda Photometrics Ltd.
6.1.8 New Imaging Technologies
6.1.9 Princeton Instruments Inc.
6.1.10 Raptor Photonics Ltd.
6.1.11 Sensors Unlimited
6.1.12 Teledyne Technologies Incorporated
6.1.13 Xenics Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/8rra88
View source version on businesswire.com:https://www.businesswire.com/news/home/20191113005595/en/
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 11/13/2019 10:42 AM/DISC: 11/13/2019 10:42 AM