Report : North America InGaAs Camera Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Camera Cooling Technology (Cooled Camera and Uncooled Camera), Scanning Type (Area Scan Camera and Line Scan Camera), and Application (Military & Defense, Industrial Automation, and Scientific Research)
Area Scan Camera segment to dominate the North America InGaAs Camera Market during 2020–2028
According to a new market research study on “North America InGaAs Camera Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Camera Cooling Technology, Scanning Type, and Application” is expected to reach US$ 64.91 million by 2028 from US$ 38.97 million in 2021. The market is estimated to grow at a CAGR of 7.6% from 2021 to 2028. The report provides trends prevailing in the North America InGaAs camera market along with the drivers and restraints pertaining to the market growth. Growing penetration of InGaAs cameras in military and defense sector, surging usage of machine vision systems, and raising adoption of InGaAs Camera in medical instruments and scientific research are the major factor driving the growth of the North America InGaAs camera market. However, strict import and export regulations and high cost of InGaAs hinders the growth of North America InGaAs camera market.
The North America 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 North America 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 North America InGaAs camera market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share; and the same country in the market 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.; New Imaging Technologies (NIT); Pembroke Instruments, LLC; and Sensors Unlimited, (Collins Aerospace Company) are among the leading companies in the North America InGaAs camera market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, New Imaging Technologies (NIT) has announced the release of several new SWIR sensors now produced with NIT in-house designed stacking technology, internally named NH.
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