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Global $132.6 Million InGaAs Camera Market 2017-2023 by Camera Cooling Technology, Scanning Type, Application & Geography - Research and MarketsThe "InGaAs Camera Market by Camera Cooling technology (Cooled Camera, Uncooled Camera), Scanning Type (Area Scan Camera, Line Scan Camera), Application (Military & Defense, Industrial Automation, Scientific Research) & Geography- Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The InGaAs Camera Market is expected to be valued at US$132.6 million by 2023, from US$78.5 million in 2017, at a CAGR of 9.1% between 2017 and 2023. The major factors driving the growth of the InGaAs camera market include the high demand for line scan InGaAs cameras for machine vision applications, the high penetration of InGaAs cameras in military and defense, and the increasing demand for InGaAs cameras in security, surveillance, and firefighting. The major factor restraining the growth of the InGaAs camera market is the stringent import and export regulations on these cameras. The Asia-Pacific (APAC) accounted for the highest CAGR in the overall InGaAs camera market during the forecast period. This growth is attributed to the high economic growth witnessed by major developing economies in this region. China accounted for the largest share of the InGaAs camera market in 2016 becaue of the huge demand for InGaAs cameras from the country's industrial manufacturing, and military and defense applications. Uncooled cameras are expected to dominate the InGaAs camera market in the APAC. Moreover, higher industrial growth in developing economies is expected to drive the growth of the InGaAs camera market in the APAC. Market Dynamics Drivers
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For more information about this report visit https://www.researchandmarkets.com/research/ljqkpp/global_132_6?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20180116006151/en/ |
