InGaAs Cameras Market size was valued at USD 136.84 million in 2024 and is set to reach USD 337.87 million by the end of 2037, expanding at around 7.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of InGaAs cameras is assessed at USD 144.72 million. The growing demand for InGaAs cameras is being driven by increased spending in the defense sector globally on high-tech imaging systems and border control technologies. For example, the US Department of defense budget is set to spend more than USD 16 billion in 2021 on research, development, testing, and evaluation of new imaging technologies.
As a result of the emergence of Industry 4.0, automated processes have been developed for different sectors allowing companies to reap the longer-term benefits from their activities, reducing human involvement and waste, enhancing flexibility, and optimizing decisions. The automated industries are expected to grow over the forecast period as an increasing number of interconnected companies, government initiatives promoting industrial automation and adoption of new technologies such as the Internet of Things and artificial intelligence will drive their growth.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
7.2% |
Base Year Market Size (2024) |
USD 136.84 million |
Forecast Year Market Size (2037) |
USD 337.87 million |
Regional Scope |
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Application (Military & Defense, Industrial Automation, Security & Surveillance, Scientific Research)
The industrial automation is expected to account for 35% share of the global InGaAs cameras market during the forecast period. Increasing adoption of machine vision systems is anticipated to lead to an increased demand for InGaAs cameras in the industrial automation sector. The automation of at least 30% of their tasks in a company would be feasible for about 60% of all occupations. By, automation will be able to increase global productivity. Between 8% and 1.4% per year. A smart camera system shall be installed on the production line, where it is used for product inspection in a machine vision environment. The image is captured and analyzed by the camera in accordance with a defined set of criteria. In particular, the IFR foresees that by 2021 industrial robots' operating stock will increase to 3554 million units from 2440 million in 2018. InGaAs cameras are supplied by a wide range of suppliers for use in industry. Tattile s.r.l. provides TAG-7 SWIR. This camera is part of a family of short-wave infrared line scan cameras for advanced machine vision applications in the nonvisible spectrum. The camera is suitable for use in sorting applications, recycling, and semiconductor industries with this feature.
Cooling Technology (Cooled Camera, Uncooled Camera)
InGaAs cameras market from the uncooled segment is estimated to hold largest share with about 72% during the forecast period. Cryogenic cooling is not required for the image sensor in cooled technology. Military, defense and aerospace, industrial monitoring, food inspection, telecommunications as well as spectroscopy are a few applications of uncooled cameras. In addition, the growth of demand for Uncooled and InGaAs cameras is projected to be supported by increased demand for non-destructive testing, adoption of automation in industry, etc., as well as growing application of machine vision applications throughout the forecast period.
Our in-depth analysis of the global InGaAs cameras market includes the following segments:
Cooling Capacity |
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Scanning Type |
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Application |
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North America Market Forecast
InGaAs cameras market in the North America region is expected to hold 35% of the revenue share by the end of 2037. The increased use of robots such as UAVs and UGV in defense and industrial applications is expected to drive demand for InGaAs cameras in the region. By May 2022, the FAA reported that 855,860 drones had been registered in the country. 37% (316,075) of these registrations were for businesses, while 63% (536,183) were for recreational activities. Additionally, the FAA has issued 277,845 certificates for remote pilots. The United States-based Raytheon Co. announced in March 2020 that it would team up with Quantum Imaging Inc. for the acquisition of a high-definition Shortwave Infrared Camera, which will be used to provide tactical imaging purposes. Quantum Imaging is to deliver a high-resolution SWIR camera for Tactical VIS Applications within the Space and Airborne Systems segment under this contract with a value of USD 13.5 million. These InGaAs cameras are expected to be designed with 10-by-10-micron pixel pitch and integral antiblooming.
APAC Market Statistics
InGaAs cameras market in the Asia Pacific region is anticipated to account for 29% of the revenue share during the forecast period. Rapid industrialization and government initiatives to take advantage of high-resolution imaging technologies in developing industries have led to InGaAs cameras market growth.
Author Credits: Abhishek Verma
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