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The infrared (IR) aerial camera market size is estimated to grow at a CAGR of 5.65% between 2023 and 2028. The market size is forecast to increase by USD 237.3 million. The growth of the market depends on several factors, including the increasing use of infrared aerial cameras in UAVs, the growing use of infrared aerial cameras across various applications, and the increased benefits of cooled infrared cameras. Infrared cameras are non-contact devices that detect infrared energy or heat, convert it into an electronic signal, and process this information to produce a thermal image. The infrared cameras that are mounted on aerial devices, such as UAVs or helicopters, are termed infrared aerial cameras.
This infrared aerial camera market report extensively covers market segmentation by distribution channel (offline and online), application (commercial and military), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historical market data from 2018 to 2022.
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The increasing use of infrared aerial cameras in UAVs is the key factor driving market growth. The demand for small UAVs or drones continues to grow as they evolve beyond their military origins to become powerful commercial tools. The use of drones is increasing in civil and commercial government applications such as agriculture and firefighting. The integration of infrared aerial cameras into drones is also increasing as these drones help in rescue and search operations by law enforcement.
Moreover, drones with infrared aerial cameras are used in various sectors such as mining, construction, surveillance, electrical, search, firefighting, and rescue. Benefits are leading to an upsurge in demand for UAVs with infrared aerial cameras, which, in turn, is encouraging infrared (IR) aerial camera market players to offer infrared aerial cameras that can be incorporated into UAVs. Hence, the increasing use of infrared aerial cameras with UAVs will increase the demand for infrared aerial cameras, which in turn will fuel the growth of the market during the forecast period.
Strategies in infrared aerial cameras are the primary trend shaping market growth. The ongoing development of new products by market players is one of the major trends in the global infrared aerial camera market. For instance, FLIR Systems launched the FLIR GF77a Gas Find infrared camera in January 2020. The camera can detect industrial gases such as sulfur dioxide, methane, and nitrous oxide, which helps enterprises reduce the chance of false readings and improve inspections.
Likewise, in September 2023, Leonardo announced a contract worth over pound 10M with the Danish Defence Acquisition and Logistics Organisation (DALO) to equip more than 300 Royal Danish Army vehicles, including Piranha V 8x8 Armoured Personnel Carriers (APCs) and Caesar 8x8 ART (Artillery) platforms, with integrated vehicle camera systems. Hence, the strategies in infrared aerial cameras will positively affect the growth of the global infrared aerial camera market during the forecast period.
Availability of refurbished and used infrared aerial cameras is a challenge that affects market growth. The price of new infrared aerial cameras can be high, which could impact the budgets of companies in the oil and gas, military, and chemical sectors. Some of the small- and medium-sized enterprises in these industries, especially in developing nations, prefer refurbished or used infrared aerial cameras instead of buying new ones, owing to their high cost.
Furthermore, the maintenance and installation costs of new infrared aerial cameras are high, which increases the cost of the technology. Hence, it encourages various enterprises to opt for refurbished and used infrared aerial cameras. In addition, the growth in demand for refurbished and used infrared aerial cameras is encouraging different enterprises to offer these solutions to cater to the rising demand. Therefore, such factors may impede the growth of the market during the forecast period.
The market share growth by the offline segment will be significant during the forecast period. Offline channels include supermarkets, hypermarkets, specialty stores, and others. Supermarkets and hypermarkets stock popular brands of infrared aerial cameras and offer products from a variety of brands and product categories. Specialized stores are one of the most popular stores because they have reasonable prices and meet consumer needs.
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The offline segment showed a gradual increase in the market share of USD 577.00 million in 2018. Consumers prefer buying infrared aerial cameras from specialty stores, hypermarkets, and supermarkets as they carry a large portfolio of products, allow a closer evaluation of products, and provide consumers with the required support and information, often via expert customer service personnel. Therefore, the offline channel segment is expected to boost the growth of the global infrared aerial camera market during the forecast period.
In the commercial sector, infrared aerial cameras have diverse applications in industries such as public safety, law enforcement, energy, agriculture and forestry, manufacturing/production, mining, archeology and civil engineering, and oil and gas. Infrared aerial cameras are used for the detection of faults in operations such as firefighting and surveillance. The important growth sectors that are anticipated to propel the demand for infrared aerial cameras are energy, agriculture and forestry, manufacturing/production, mining, civil engineering, and oil and gas. Moreover, the growth in the number of renewable energy plants will also lead to an increase in demand for infrared aerial cameras. Hence, such factors will drive the demand for infrared aerial cameras for commercial applications, which, in turn, will drive the growth of the global infrared aerial camera market during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North American infrared aerial camera market is expected to grow due to the rising number of applications in the civil and military sectors. Furthermore, due to an increase in incidents of home fire and wildfire, the demand for infrared aerial cameras is increasing among firefighters.
Moreover, the demand for infrared aerial cameras is anticipated to increase in the region due to the increasing demand for surveillance and combat operations in countries such as the US. The military sector in this region is investing in thermal imaging cameras with drones as they will help them enhance security and surveillance, which in turn will drive the growth of the regional infrared aerial camera market during the forecast period.
In 2020, the COVID-19 pandemic negatively impacted the growth of the regional infrared aerial camera market. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. The presence of established players in the region and growing military budgets are expected to fuel the growth of the regional market during the forecast period.
The Infrared Aerial Camera Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Infrared Aerial Camera Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 13 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The infrared aerial camera market report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2018 to 2028.
Infrared Aerial Camera Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.65% |
Market growth 2024-2028 |
USD 237.3 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
4.87 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 41% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
CONTROP Precision Technologies Ltd., DIAS Infrared GmbH, EchoBlue Ltd, HGH Systemes Infrarouges SAS, Infrared Cameras Inc., InfraTec GmbH, Jenoptik AG, L3Harris Technologies Inc., Leonardo Spa, Seek Thermal Inc., Teledyne Technologies Inc., Workswell Sro, and Yuneec International Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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