The InGaAs camera market was valued at US$ 107.99 million in 2021 and is expected to reach US$ 183.35 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.
In the military & defense sector, InGaAs cameras can be used across harsh environments, such as fog, smoke, haze, and water vapor. Therefore, the increased usage of these cameras in several applications of the sector, such as marine intelligence, surveillance, and vision enhancement, drives the growth of the InGaAs camera market. Furthermore, the rising need for vision-guided robotic systems across the automotive, food & beverage, pharmaceutical & chemical, and packaging sectors is propelling the usage of machine vision systems globally and driving the market growth. Moreover, InGaAs cameras help improve the accuracy of manufacturing operations, thereby reducing the cost and increasing the productivity and quality of the production process.
The growing emphasis on industrial automation is also expected to boost the InGaAs camera market in the coming years. InGaAs cameras used in the industrial automation system can image objects in the short-wave infrared (SWIR) range and attract interest in the food & beverages, pharmaceuticals, and other industries. Further, in scientific research, small animal imaging is one of the leading research areas for preclinical studies, including drug discovery, drug effectiveness, and early cancer detection. Over the time, imaging in the SWIR range became profitable for scientists studying small animals. The SWIR range offers more advantages than visible and infrared wavelengths in vivo imaging. These factors are bolstering the growth of the InGaAs camera market.
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InGaAs Camera Market: Strategic Insights
Market Size Value in US$ 107.99 Million in 2021 Market Size Value by US$ 183.35 Million by 2028 Growth rate CAGR of 7.9% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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InGaAs Camera Market: Strategic Insights
| Market Size Value in | US$ 107.99 Million in 2021 |
| Market Size Value by | US$ 183.35 Million by 2028 |
| Growth rate | CAGR of 7.9% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on InGaAs Camera Market
The COVID-19 crisis has adversely affected various industries worldwide, and the global economy faced a slump in 2020 and 2021. The effects of COVID-19 pandemic on various economies differ based on the outbreak level in the specific countries. Most of the countries across Asia Pacific have lost a lot of revenues from their respective defense companies. For instance, Indian defense companies had already lost ~US$ 3 billion in revenues between March and May in FY 2020, which has also affected 100 large defense firms and nearly 4,000 small and medium aerospace and defense businesses. The lockdown has also disrupted the supply of local and foreign material for 50 major defense projects. In addition, the lockdown and the labor shortage hindered the manufacturing industries. Therefore, the industrial sector faced low production and a poor supply chain. However, there is an increase in the advancement of military technology and high penetration of industrial automation in post COVID-19 pandemic scenario, which would drive the growth of the InGaAs camera market during the forecast period. However, from mid-2021, the supply chains of InGaAs camera players stabilized, and the market began experiencing growth from 2022.
Lucrative Regions in InGaAs Camera Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights – InGaAs Camera Market
Rising Usage of Machine Vision Systems Propels InGaAs Camera Market Growth
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Rising Usage of Machine Vision Systems Propels InGaAs Camera Market Growth
This technology substitutes human visual sense and judgment capabilities with digital cameras and image processing to complement manual inspections and measurements. Different industries incorporate this technology to automate their production and improve product quality and speed. The rising demand for high-quality inspection and automation in various industries is driving the need for machine vision, eventually bolstering the InGaAs camera market. Moreover, the demand for machine vision systems for 3D inspection and vision-guided robots is further driving the InGaAs camera market's growth. Increasing research and development and the launch of new products by market players are also propelling the InGaAs camera market substantially. For example, Xenics NV offers a small, low-cost, uncooled InGaAs camera to increase the productivity of industrial machine vision systems. Thus, technological advancements in InGaAs cameras are driving the InGaAs camera market's growth.
Camera Cooling Technology-Based Insights
Based on camera cooling technology, the InGaAs camera market is segmented into uncooled camera and cooled camera. The uncooled camera segment held a larger market share in 2021. In uncooled camera technology, the imaging sensor does not require cryogenic cooling. A few applications of uncooled cameras are military, defense and aerospace, industrial inspection, food inspection, telecommunications, and spectroscopy. Military applications often require the continuous use of cameras to avoid the possibility of missing any terrorist threats. Moreover, increasing demand for nondestructive testing, adoption of automation in industries, and increasing adoption of machine vision applications are expected to propel the demand for uncooled cameras and drive the InGaAs camera market growth during the forecast period.
Players operating in the InGaAs camera market are mainly focused on the development of advanced and efficient products.
- In 2021, The New Imaging Technologies (NIT) has designed a low price point SWIR camera WiDy SenS 320. The first redesign of InGaAs focal plane array and making it cost-optimized by leveraging NIT’s innovative high yield hybridization technique and ready for volume production.
- In 2021, Pembroke Instruments has launched a new Linescan SWIR Camera with 2048 pixel resolution, 7.5 um pixels, 60 kHz frame rate with Camera Link. The product enables high-performance machine vision imaging applications in the 900-1700 nm SWIR spectral region.
The InGaAs camera market is segmented on the basis of camera cooling technology, scanning type, and application. Based on camera cooling technology, the market is segmented into uncooled camera and cooled camera. In 2021, the uncooled camera segment led the market and accounted for a larger market share. Based on scanning type, the market is segmented into area scan camera and line scan camera. In 2021, the area scan camera segment led the market and accounted for a larger market share. Based on application, the InGaAs camera market is segmented into military & defense, industrial automation, and scientific research. In 2021, the industrial automation segment led the market and accounted for the largest market share. Geographically, the InGaAs camera market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM). In 2021, APAC accounted for a significant share in the global market.
Hamamatsu Photonics K.K.; Allied Vision Technologies GmbH; New Imaging Technologies; Pembroke Instruments, LLC; Polytec GmbH; Raptor Photonics Limited; Sensors Unlimited; SWIR Vision Systems Inc.; and Xenics N.V. are among the major companies operating in the InGaAs camera market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Camera Cooling Technology, Scanning Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The InGaAs cameras are widely used in applications like liquid level inspection of sealed containers, container inspection, semiconductor wafer pattern inspection, contaminant detection, damage inspection, spectrometry, scientific cameras for microscopy, machine vision for industrial imaging, imaging & machine vision imaging, surveillance, evaluation of solar cells, Machine and plant monitoring, semiconductor inspection, moisture detection, and many more. Factors attributing towards the more demand for InGaAs camera includes rising military expenditure in economies like the US, China, India, the UK, Saudi Arabia, etc. growing applications related to machine vision, industrial automation, and medical instruments; and higher investment in scientific research for drug discovery. All the factors mentioned above are fueling the growth of InGaAs cameras and thus, penetrating the market growth.
The penetration of Industry 4.0 has increased automation in various verticals that allow companies to capture the long-term value from their operations, reduce human involvement and waste, increase flexibility, and optimize the decision-making process. In addition, the emergence of connected enterprises, government initiatives to support industrial automation, and the uptake of emerging technologies, such as IoT and AI, in industrial environments is expected to propel automated industries during the forecast period. Thus, the rising uptake of industrial automation is likely to increase the demand for InGaAs cameras for machine vision and create an opportunity for the market in the years to come.
Based on application the penetration of Industry has increased the adoption of automation in various verticals that allow companies to capture the long-term value from their processes, reduce human involvement and waste, increase flexibility, and optimize the decision-making process. The InGaAs cameras help improve the accuracy of manufacturing operations, reduce cost, and increase the productivity and quality of the manufacturing process. Increasing penetration of industrial automation is expected to grow the market in the future. Further, increasing government initiatives worldwide are promoting the adoption of industrial automation technologies and systems to digitalize their respective manufacturing sectors.
Area scan cameras contain a matrix of pixels that capture an image of a given scene. A rectangular-shaped sensor takes an image in a single frame in area scan cameras. The image consists of pixels that are all exposed simultaneously and convert photons into electric signals. They are more general-purpose than line scan cameras and offer a more straightforward setup and alignment. Area scan cameras are best suited towards applications where the object is stationary, even if only momentarily. Machine vision applications majorly drive the demand for area scan cameras.
The North America InGaAs camera market is distributed across the US, Canada, and Mexico. Due to advancements in technologies, North America has been highly competitive, with the US being a developed country accepting modern technology electronic devices. The region houses several technological giants that invest significant amounts in the advancement of technologies. With the increasing demand for high-quality and efficient electronic devices among Americans, OEMs are focusing aggressively on developing advanced technological devices. The North American InGaAs camera market is anticipated to grow further due to the presence of prominent players in the military and defense, scientific research, and industrial automation sectors.
The increasing penetration of InGaAs cameras in the military & defense sector to see through harsh environments, such as fog, smoke, haze, and water vapor, has resulted in the increased usage in several applications of the military and defense sector, such as marine intelligence, surveillance, and vision enhancement. Machine vision technology is used to provide imaging-based automatic inspection in various industries. This technology substitutes human visual sense and judgment capabilities with digital cameras and image processing to complement manual inspections and measurements. Different industries incorporate this technology to automate their production and improve product quality and speed. The rising demand for high-quality inspection and automation in various industries is driving the need for machine vision, eventually bolstering the InGaAs market.
The List of Companies - InGaAs Camera Market
- Hamamatsu Photonics K.K.
- Allied Vision Technologies GmbH
- New Imaging Technologies
- Pembroke Instruments, LLC
- Polytec GmbH
- Raptor Photonics Limited
- Sensors Unlimited
- SWIR Vision Systems Inc.
- Xenics nv.
- Seiwa Optical America Inc.
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