InGaAs Cameras Market Share

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.