New Analysis from Global Industry Analysts Reveals Steady Growth for IR Cameras, with the Market to Reach $6.3 Billion Worldwide by 2026

SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "IR Cameras - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 379
Companies: 45 - Players covered include DRS Technologies, Inc.; FLIR Systems, Inc.; Fluke Corporation; HGL Limited; Opgal Optronic Industries Ltd.; Optris Infrared Sensing LLC; Raytheon Company; Seek Thermal, Inc.; Sierra Pacific Innovations Corp (Spi Infrared); Teledyne DALSA, Inc.; Testo SE & Co. KGaA; Xenics NV and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Military & Defense, Industrial, Commercial, Medial Imaging, Other End-Uses); Material (Germanium, Silicon, Sapphire, Zinc Selenide)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global IR Cameras Market to Reach $6.3 Billion by 2026
Amid the COVID-19 crisis, the global market for IR Cameras estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2026, growing at a CAGR of 6.5% over the analysis period. Germanium, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$2.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Silicon segment is readjusted to a revised 6.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion in 2021, While China is Forecast to Reach $1.3 Billion by 2026
The IR Cameras market in the U.S. is estimated at US$1.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2026 trailing a CAGR of 9.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Sapphire Segment to Reach US$581.6 Million by the year 2026
In the global Sapphire segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$288 Million in the year 2020 will reach a projected size of US$448.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.