Portland, OR -- (SBWIRE) -- 09/14/2017 -- Infrared (IR) camera is a device that forms image using infrared radiations with operating wavelength of 14,000 nm. IR cameras were originally invented for military applications; however, these days, they are extensively adopted in other fields including archeology and medicine. It is used in night vision, building inspection, fault diagnosis, data center monitoring, chemical imaging, nondestructive testing, flame detectors, and others. Technological advancements in infrared imaging including incorporation of automatic functionality, built-in visual imaging, and development of infrared software to deliver affordable thermal analysis solutions have increased adoption across the world.

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Rise in incorporation of advanced thermal cameras in smartphones, increase in demand in ICT sector, and demand for security & surveillance cameras with high resolution drive the growth in the global infrared camera market. Decline in military and defense budgets limit the growth of the industry. Technological innovations such as built-in visual imaging and automation are expected to create new avenues in the industry.

The global infrared camera market is segmented based on application, material, and geography. Based on application, the market is segmented into industrial, commercial, medical, and military & defense. Material segment is classified into sapphire, germanium, silicon, and zinc selenide. Regionally, it is analyzed across North America, Asia-Pacific, Europe, and LA MEA.

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Key players operating in the industry include FLIR Systems, DRS, Axis Communications, Samsung, Seek Thermal, Fluke Corporation, Raytheon Company, L-3 Communications Infrared Products, Testo AG, and Dali Technology. These market players have formulated expansion, collaborations, joint ventures, partnerships, new product launches, mergers & acquisitions, and other strategies to gain strong position and competitive advantage in the global market.