The InGaAs camera market size is projected to reach US$ 223.81 million by 2031 from US$ 122.03 million in 2023. The market is expected to register a CAGR of 7.9 % during 2023–2031. The adoption of InGaAs cameras in industrial automation is likely to remain a key trend in the market.
The InGaAs camera market growth is attributed to the increased use of these cameras in various applications, such as industrial automation and medical diagnosis. A SWIR camera can prevent this and thus ensure a smooth production process. Therefore, increasing the use of InGaAs cameras in various applications is driving the InGaAs camera market. SWIR imaging techniques, such as SWIR hyperspectral imaging for biomedical applications and a wideband (VIS+SWIR) digital holographic microscopic system based on a novel quantum-dot (QD) image sensor, are also discussed. Thus, increasing the use of InGaAs cameras in various applications is driving the market.
InGaAs sensors are used for relevance in physical and life science and require high sensitivity over the 900-1700 nm wavelength range, known as shortwave infrared (SWIR). Some InGaAs sensors can measure up to 2500 nm due to the changes in material composition. Although silicon-based CCD cameras possess sensitivity over the UV-to-NIR range, the bandgap properties of silicon prevent these CCDs from having sufficient sensitivity over 1100 nm. InGaAs cameras have a lower bandgap, making this material the preferred material for applications in the shortwave infrared (SWIR) region.
Inspecting silicon crystals and ingots (also known as bricks) is one of the most popular applications for InGaAs cameras in the semiconductor sector. The ability to see in silicon at a wavelength range above 1,150 nm provides InGaAs cameras a suitable solution for detection inclusions, such as impurities within a crystal or ingot, which can gather during the production process. The impurities are critical when observing the ingots into thin wafers with a diamond chain. If the chain strikes an element, such as a small piece of metal, the exceptionally expensive chain can break. Not only does replacing a chain generate a cost, but it also leads to lower productivity and reduced profits. A SWIR camera can prevent this and thus ensure a smooth production process. Therefore, increasing the use of InGaAs cameras in various applications is driving the InGaAs camera market.
SWIR imaging is used in medical diagnosis. The developing techniques based on SWIR light, including the fabrication and use of SWIR nanoparticles as photothermal agents and luminescent nanothermometers, and recent advances in the structure, design, and SWIR-related biomedical applications of rare-earth doped nanoparticles (REDNs). REDNs are among the most highly luminous and biocompatible SWIR emitters. SWIR imaging techniques, such as SWIR hyperspectral imaging for biomedical applications and a wideband (VIS+SWIR) digital holographic microscopic system based on a novel quantum-dot (QD) image sensor, are also discussed. Thus, increasing the use of InGaAs cameras in various applications is driving the market.
Key segments that contributed to the derivation of the InGaAs camera market analysis are camera cooling technology, scanning type, and application.
The geographic scope of the InGaAs camera market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
APAC dominates the InGaAs camera market. The increasing demand for the adoption of automation in industries, nondestructive testing, and increasing adoption of machine vision applications are expected to drive the InGaAs camera market growth during the forecast period.
The regional trends and factors influencing the InGaAs Camera Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses InGaAs Camera Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 122.03 Million |
Market Size by 2031 | US$ 223.81 Million |
Global CAGR (2023 - 2031) | 7.9 % |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Camera Cooling Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The InGaAs Camera Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the InGaAs Camera Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The InGaAs camera market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the InGaAs camera market are listed below:
The “InGaAs Camera Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The expected CAGR of the global InGaAs camera market is 7.9 %.
The global InGaAs camera market is expected to reach US$ 223.81 million by 2031.
The adoption of InGaAs cameras in industrial automation is anticipated to play a significant role in the global InGaAs camera market in the coming years.
The key players holding majority shares in the global InGaAs camera market are 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., and Seiwa Optical America Inc.
APAC dominates the InGaAs camera market.
The increasing use of InGaAs cameras in various applications and SWIR imaging for medical diagnosis are the major factors that propel the global InGaAs camera market.