The InGaAs cameras are increasingly being used in the military & defense sector to see through unfavorable conditions such as fog, smoke, haze, and water vapor. Their ability to aid in a clear vision makes them suitable for marine intelligence, surveillance, and vision enhancement. At present, the world is undergoing the fourth industrial revolution, characterized by rapid advancements in multiple next-generation technologies, including artificial intelligence (AI). The potential of weaker nuclear-armed states can be increased by integrating AI into their military platforms. In January 2021, Lockheed Martin Corp. announced three new next-generation infrared spacecraft to help detect the launch of enemy ballistic missiles. In 2021, Elbit Systems launched its next-generation advanced multi-sensor payload system—AMPS NG. Team Tempest—a technology and defense partnership formed by BAE Systems, Leonardo, MBDA, Rolls-Royce, and the RAF in the UK—is focused on the development of new radar technology by 2035 to deliver unparalleled data processing capability on the battlefield. Thus, technological advancements in the military and defense systems are driving the InGaAs market in Europe.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe InGaAs camera market at a substantial CAGR during the forecast period.
Europe InGaAs Camera Market Segmentation
The Europe InGaAs camera market is segmented on the basis of camera cooling technology, scanning type, application, and country. Based on camera cooling technology, the market is segmented into area scan camera and line scan camera. In 2020, the scan camera segment held a larger share of the market; and the same segment is expected to register a higher CAGR during the forecast period. Based on scanning type, the Europe InGaAs camera market is segmented into uncooled camera and cooled camera. In 2020, the uncooled camera segment held the largest market share; and the cooled segment is expected to register the highest CAGR in the market during the forecast period. Based on application, the market is segmented into military and defense, industrial automation, and scientific research. In 2020, the industrial automation segment held a larger share of the market; and the military and defense segment is expected to register a higher CAGR during the forecast period. Further, based on country, the Europe InGaAs camera market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. In 2020, Germany held the largest market share; and the UK is expected to grow at the fastest CAGR during the forecast period.
Allied Vision Technologies GmbH; Hamamatsu Photonics K.K.; Polytec GmbH; Raptor Photonics Limited; Xenics nv.; SWIR Vision Systems; Seiwa Optical America Inc.; and New Imaging Technologies (NIT) are among the leading companies in the Europe InGaAs camera market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 24.97 Million |
| Market Size by 2028 | US$ 42.84 Million |
| CAGR (2021 - 2028) | 8.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Camera Cooling Technology
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe InGaAs Camera Market is valued at US$ 24.97 Million in 2021, it is projected to reach US$ 42.84 Million by 2028.
As per our report Europe InGaAs Camera Market, the market size is valued at US$ 24.97 Million in 2021, projecting it to reach US$ 42.84 Million by 2028. This translates to a CAGR of approximately 8.0% during the forecast period.
The Europe InGaAs Camera Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe InGaAs Camera Market report:
The Europe InGaAs Camera Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe InGaAs Camera Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe InGaAs Camera Market value chain can benefit from the information contained in a comprehensive market report.
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