Global InGaAs Camera Market Study 2020-2025: Assessment of the Impact of COVID-19 on the Industry, Featuring Allied Vision Technologies, Acal BFI Limited Company, Coherent, Flir Systems, and More
DUBLIN, June 25, 2020 /PRNewswire/ -- The "InGaAs Camera Market - Growth, Trends and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
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The Global InGaAs Camera Market was valued at USD 68.6 million in 2019, and it is expected to reach a value of USD 97.6 million by 2025, registering a CAGR of 9.68% over the forecast period 2020-2025.
Key Highlights
-- InGaAs as a detector material has brought an economical alternative for
near-infrared (NIR) industrial applications such as the measurement of
humidity, surface film distributions, and various sorting tasks such as
separating polymers from natural materials. Owing to this, the
application of technology in industrial manufacturing and automation is
on the rise.
-- Industry 4.0 fueled the development of technologies like robots playing
a crucial role in industrial automation, with many core operations in
industries being managed by robots. InGaAs cameras offer new
applications, such as vision-guided robotics and automated butchering.
These vision-guided robots are a combination of IR imagers that finds
and picks random parts in a bin, and then a camera analyses the
orientation of each part and places them on the conveyor belt.
-- The use of machine vision continues to grow every year. In some of the
regions, the sales in machine vision are resulting in record numbers.
For instance, in North America, in 2018, the sales of machine vision
components and systems reached USD 2.874 billion, an increase of 9.2%
over 2017, as per the Automated Imaging Association (AIA), the industry
trade group and part of the Association for Advancing Automation. This
is expected to drive the demand for InGaAs cameras in the forecast
period for such application.
-- With the recent outbreak of COVID-19, the InGaAs cameras are expected to
observe a slump in demand from various manufacturing industries such as
food & beverages, semiconductor, automation, and security. The food
manufacturing and processing industry, which observes prominent share of
the industrial demand for InGaAs cameras, is seeing plummeting sales.
According to a barometer analysis by the French trade group, ANIA, which
covered over 600 companies, found that due to COVID-19, food & beverage
companies have experienced around 22% loss in turnover globally.
Market Trends
Industrial Automation Expected to Occupy the Largest Market Share
-- The demand for InGaAs cameras in the industrial automation segment is
expected to be driven by the increasing adoption of machine vision
systems. In a machine vision environment, a smart camera system is
deployed in a production line, to scan the products. The camera captures
the image and analyzes it against a pre-defined set of criteria.
-- In addition, machine vision is increasingly being deployed with robots,
to increase their effectiveness and overall value for the business.
These types of robots are incorporated with a camera mounted at the hand
position, which provides guidance to complete the assigned task. For
instance, According to IFR, industrial robots operational stock is
expected to reach 3554 (in thousand units) by 2021 from 2440 (in
thousand units) in 2018.
-- Many vendors are providing InGaAs camera for industrial applications.
Tattile s.r.l. provides TAG-7 SWIR. This camera is a family of short
waveinfrared line scan cameras for advanced machine vision applications
in the field of the non-visible spectrum. With this feature, the camera
is suitable for sorting application, recycling industry, semiconductor
industry. The TAG-7 SWIR cameras feature a with 1K InGaAs sensor with
the spectral band from 950 nm to 1700 nm with a square pixel size of
12.5 x 12.5 m.
-- Hamamatsu provides IGaAs cameras, which bridge the gap between NIR
wavelengths in the 950-1700 nm range, where silicon detectors are no
longer sensitive. They are used in applications such as contaminant
detection (Food), damage inspection, Liquid level inspection of sealed
containers, and Semiconductor wafer pattern inspection.
North America Anticipated to Account for the Largest Market Share
-- In the North America region, the demand for InGaAs cameras is expected
to be driven by the increasing adoption of robots, such as UAV and UGV,
in military and defense applications.
-- In March 2020, US-based Raytheon Co, has mentioned partnering with
Quantum Imaging Inc, for acquiring a high-definition short-wave infrared
(SWIR) camera for tactical imaging applications. Within this agreement
of worth USD 13.5 million, Quantum Imaging is to provide a
high-definition SWIR camera for tactical imaging applications at Space
and Airborne Systems segment. These InGaAs cameras are expected to be
designed with 10-by-10-micron pixel pitch and integral antiblooming.
-- Government initiatives, such as Advanced Manufacturing Partnership,
which is undertaken to make the industry, various universities, and the
federal government to invest in the emerging automation technologies,
will increase the production of machine vision systems.
-- Also, according to statcan, industry revenue of Semiconductor and other
electronic component manufacturing in Canada reached USD 3,475.42
million in 2019, from USD 3,368.63 million in 2018.
-- Owing to the steadily growing demand for advanced and efficient imaging
systems, from different end-users operating in the region, the InGaAs
camera market in North America is anticipated to demonstrate optimistic
growth rates in the foreseen period.
Competitive Landscape
The InGaAs camera market is fragmented due to the market consist of many large players as well as new players. Companies are also trying to innovate their existing products to cater to increasing demand from consumers which makes the market competitive. Some of the major players are Allied Vision Technologies GmbH, Acal BFI Limited Company, Coherent Inc., Flir Systems Inc., among others.
Recent Developments
-- May 2020 - NIT launched the HiPe SenS final version with a high level of
performance. The HiPe SenS consist of the company's latest SWIR sensor -
NSC1902T-SI. With the innovative design of the InGaAs photodiode array
coupled with the high-performance ROIC. This new sensor's provides low
noise operation and ultra-low dark current
-- January 2020 - Allied Vision announced to showcase its camera solutions,
including the Alvium Camera Series and Goldeye SWIR (Short-Wave
Infrared) at SPIE Photonics West 2020 in San Francisco, California at
the Moscone Center from February 4-6, 2020.
Key Topics Covered
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Industry Value Chain Analysis
4.4 Technology Snapshot
4.4.1 Uncooled
4.4.2 Cooled
4.5 Market Drivers
4.5.1 Increasing Adoption in Machine Vision Applications
4.5.2 Rising Demand in Military and Defense Operations
4.6 Market Challenges
4.6.1 High Procurement Cost of InGaAS Cameras
4.6.2 Stringent Regulation on Export and Import
4.7 Assessment of Impact of COVID-19 on the Industry
5 MARKET SEGMENTATION
5.1 Application
5.1.1 Military & Defense
5.1.2 Industrial Automation
5.1.3 Surveillance & Security
5.1.4 Other Applications
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Allied Vision Technologies GmbH (TKH group)
6.1.2 Acal BFI Limited Company (Discoverie Group PLC)
6.1.3 Coherent Inc.
6.1.4 Flir Systems Inc.
6.1.5 FluxData Inc.
6.1.6 Hamamatsu Photonics KK
6.1.7 Lambda Photometrics Ltd.
6.1.8 New Imaging Technologies
6.1.9 Specim Spectral Imaging Ltd.
6.1.10 Raptor Photonics Ltd.
6.1.11 Sensors Unlimited (Collins Aerospace Company)
6.1.12 Teledyne Dalsa Inc. (Teledyne Technologies Incorporated)
6.1.13 Xenics Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/cuyz28
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