According to
the new market research report on the “InGaAs Camera Market
by Camera Cooling technology (Cooled camera, Uncooled Camera), Scanning Type
(Area Scan Camera, Line Scan Camera), Application (Military & Defense,
Industrial Automation, Scientific Research), and Geography - Global Forecast to
2023”, this market is expected to be valued at USD 132.6
Million by 2023 from USD 78.5 Million in 2017, at a CAGR of 9.1% between 2017
and 2023.
The major
factors driving the growth of the InGaAs camera market include high demand for
line scan InGaAs cameras for machine vision applications, high penetration of
InGaAs cameras in military and defense, and increasing demand for InGaAs
cameras in security, surveillance, and firefighting.
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Uncooled
cameras expected to hold the largest market share by 2023
Uncooled
cameras dominate the overall InGaAs camera market as they find major
applications in the field of military, defense, and aerospace; industrial
inspection; food inspection; telecommunications; and spectroscopy. Their low
cost makes them a better choice for many applications. Non-destructive testing
and adoption of automation in industries are expected to propel the growth of
the market for uncooled cameras as they are widely used in the machine vision
application. Cooled cameras are only used in applications where better accuracy
is required.
Line scan
cameras expected to grow at the highest rate between 2017 and 2023
The market
for line scan cameras is expected to register a higher CAGR. This growth can be
attributed to the use of line scan cameras in machine vision applications. Line
scan cameras are primarily used in applications where there is a requirement
for capturing the images of fast-moving objects. These cameras are beneficial
for various applications in different verticals including semiconductor, food
and beverages, and industrial. Some of the applications of line scan cameras
are silicon wafer inspection, silicon luminescence detection, food inspection,
and noncontact thermal imaging of hot objects.
North
America expected to hold the largest share of the InGaAs camera market during
the forecast period
North
America is expected to hold the largest share of the InGaAs camera market
during the forecast period. The presence of prominent players in the field of
military and defense, scientific research, and industrial automation in North
America is driving the growth of the InGaAs camera market in this region. High
spending on military and defense is further expected to propel the InGaAs
camera market in North America.
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The key
players in the InGaAs camera market are Hamamatsu (Japan), First Sensor
(Germany), Jenoptik (Germany), Teledyne Technologies (US), Luna (US), Lumentum
(US), Laser Components (Germany), Albis Optoelectronics (Switzerland),
Thorlabs (US), Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New
Imaging Technologies (France), Allied Vision Technologies (Germany),
Raptor Photonics (UK), Sofradir (France), Princeton Instruments (US),
Photon (Canada), Fermionics Opto-Technology (US), AC Photonics (US), GPD
Optoelectronics (US), New England Photoconductor (US), QPHOTONICS (US), Episensors
(US), and IRCameras (US).
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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