InGaAs Camera Market

Market Leader - InGaAs Camera Market

The InGaAs camera market is expected to be valued at USD 132.6 Million by 2023, at a CAGR of 9.1% between 2017 and 2023. The major factors driving the growth of the InGaAs camera market include increasing demand for line scan 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.

Product launches and product developments accounted for a share of 70% of the overall growth strategies adopted by market players between January 2014 and Oct 2017. The companies adopted these strategies to strengthen and diversify their product portfolio and cater to the unmet and growing customers’ needs. Moreover, the companies are focusing on developing advanced products to stay competitive in the ever-changing technological world. Partnerships, contracts, acquisitions, and agreements accounted for a share of 30% of the overall growth strategies adopted by market players between January 2014 and Oct 2017. The companies adopted these strategies to increase their geographic reach, enhance their product portfolio, and strengthen their position in the global market.

Sensors Unlimited (US) has a strong InGaAs camera product portfolio consisting of over 15 products. The company’s management team has an overall experience of over 75 years in the infrared detector industry. The company can use this experience to further strengthen its position in the industry and tackle challenges from the shortwave or near-infrared imaging industry. The company offers various models of InGaAs cameras with different features and functionalities. For instance, through its high-definition Mini SWIR camera series, the company offers cameras with high resolution and sensitivity. Through its SWAP Micro SWIR camera series, the company offers compact, lightweight, and optimized power consumption cameras, which are ideal for security and surveillance, and industrial applications. Sensors Unlimited provides its products and services across the globe. Sensors Unlimited is a subsidiary of the UTC Aerospace Systems; hence, has a strong geographic presence in approximately 26 countries of its parent company. Moreover, with the inauguration of its new facility in New Jersey, US in September 2014, the company has increased its geographic footprint in North America.

FLIR Systems was founded in 1978 and has its headquarters in Oregon, US. The company designs, develops, manufactures, markets, and distributes technologies that are used to enhance a user’s perception and awareness. Thermal and visible light imaging systems, locator systems, threat detection systems, and measurement and diagnostic systems are some of the products offered by the company. With these products, FLIR Systems caters to its customers from varied verticals, such as military and defense, construction, energy and utility, transportation, and industrial manufacturing. The company’s business activities are divided into six business segments-Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection. The company employs several growth strategies including partnerships, collaborations, and expansions to strengthen its presence in various markets. For instance, in 2015, FLIR collaborated with DJI (China) to expand its reach in the infrared imaging market.

Related Reports:

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

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Report Code
SE 5850
RI Published ON
1/3/2018
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