(MENAFN- GlobeNewsWire - Nasdaq) Farmington, March 18, 2023 (GLOBE NEWSWIRE) -- The Global near ir camera market Size Was Estimated At USD 986.7 Million By 2022 And Is Projected To Grow At A CAGR Of 7.3% During The Forecast Period 2022-2030. Near-infrared light is a type of electromagnetic wave that falls between visible light and infrared light. The human eye can't see it. Based on this, Near IR Cameras are made, and they refer to cameras with NIR sensors. Unlike DSC, near-infrared industrial cameras work reliably and consistently and are easy to set up. NIR cameras are hard to break because they are small and made of strong materials. So, it can be used in difficult conditions and work for a long time without stopping.
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Near-infrared cameras have a fast shutter speed so they can catch things that are moving quickly. Industrial cameras can take anywhere from 10 to 100 pictures per second, while regular cameras can only take 2 or 3, which is a big difference. The near-infrared camera outputs raw data with a relatively wide spectral range, which is more suitable for high-quality image processing algorithms, such as machine vision applications, while ordinary camera images are only suitable for human vision in the spectral range, and after jpeg compression, the image quality Poor, not conducive to analysis and processing.
Near IR Camera Market Recent Developments:
In November 2020 , FLIR Systems Inc. launched a new product called FLIR VS290-32, a video oscilloscope for electrical inspection. In August 2020 , Opgal Optronics partnered with Skylock Anti-Drone Systems to successfully complete the latest anti-drone solution. In April 2020 , Seek Thermal Inc. developed a new thermal imaging product that automates screening using skin temperature. In April 2020 , Raytheon Technologies completed its merger agreement with United Technologies Corporation to help customers during any unprecedented situation.
Near IR Camera Market Dynamics:
As worries about security grow, a good tracking system is more important than ever. National security is very important, which is why governments all over the world are looking for high-quality infrared cameras that can take high-quality pictures and videos of different places where security staff is watching. Infrared cameras use infrared radiation to take accurate and high-quality pictures at night. They are in high demand because they are the most cost-effective imaging devices.
IR imaging systems also have some problems, which are talked about in the 'Limitations' part of this report. This is why IR imaging systems can use a wide range of new technologies and systems. The infrared (IR) camera market is one of the few that is about to grow. It also has some major limitations in terms of accuracy, which gives camera makers a chance to make high-precision imaging systems and take over the global market.
One of the best things about infrared cameras compared to regular cameras is that they can take high-quality protection pictures even at night. This is why there has been a rise in the need for technology in security and tracking. With all of these security benefits, states and security agencies are trying out using these infrared cameras in their work. Manufacturers and sellers are working hard to make and sell infrared cameras with the high-end features that people want so much. Infrared cameras are becoming more popular around the world because they are used for security monitoring and border control.
Regional Outlook:
Due to more money being spent on the military, the Near IR Camera market in Asia-Pacific is projected to grow at a CAGR of about 10.5% over the next few years. CDI says that in 2018, the Asia-Pacific area spent US$507 billion on military activities. This was 28% of all military spending around the world. Countries in the area are spending a lot of money to set up high-security video cameras to catch criminals, keep an eye on traffic, and use in big infrastructure projects. For example, the Chinese government buys infrared cameras from Wuhan Gaode Infrared Co., Ltd.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | 7.3 % from 2023 to 2030 |
| Market Size in 2022 | USD 986.7 Million |
| By Type | |
| By Applications | Industry Measurement & Detection Others |
| By Companies | JAI, FLIR Systems, Allied Vision Technologies, IDS Imaging Development Systems, Basler, HORIBA Scientific, Lumenera, QImaging, Xenics, Photonfocus, Infrared Cameras Inc., and Others |
| Base Year | 2022 |
| Historical Year | 2017 to 2021 |
| Forecast Year | 2023 to 2030 |
Near IR Camera Market Key Segments Covered:
Top Market Players:
JAI, FLIR Systems, Allied Vision Technologies, IDS Imaging Development Systems, Basler, HORIBA Scientific, Lumenera, QImaging, Xenics, Photonfocus, Infrared Cameras Inc., and Others.
Near IR Camera Market by Types:
Near IR Camera Market by Applications:
Industry Measurement & Detection Others
Regions and Countries Covered
North America: (US, Canada, Mexico, Rest of North America) Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America: (Brazil, Argentina, Rest of Latin America) Rest Of the World
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