InGaAs Camera Market Trends and Top Players 2031
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.
InGaAs Camera Market Analysis
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 Camera Market Overview
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.
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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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InGaAs Camera Market Drivers and Opportunities
The increasing use of InGaAs cameras in various applications
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 for medical diagnosis
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.
InGaAs Camera Market Report Segmentation Analysis
Key segments that contributed to the derivation of the InGaAs camera market analysis are camera cooling technology, scanning type, and application.
- Based on the camera cooling technology, the InGaAs camera market is divided into cooled cameras and uncooled cameras. The software segment held a larger market share in 2023.
- By scanning type, the market is segmented into area scan cameras and line scan cameras.
- By application, the market is segmented into military & defense, industrial automation, and scientific research.
InGaAs Camera Market Share Analysis by Geography
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.
InGaAs Camera Market Report Scope
InGaAs Camera Market News and Recent Developments
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:
- Hamamatsu Photonics, a leading provider of cutting-edge photonics technology and products, introduced a new InGaAs camera with sensitivity in the visible to near-infrared region from 400 nm to 1700 nm. (Source: Hamamatsu Photonics, Press Release, February 2024.)
- BlueVision Ltd., Japan launched a New 1K SWIR Line scan camera named BV-C3110, which is a brand new 1K InGaAs sensor in April 2021 (Source: BlueVision Ltd, Press Release, April 2021)
InGaAs Camera Market Report Coverage and Deliverables
The “InGaAs Camera Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- InGaAs camera market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- InGaAs camera market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- InGaAs camera market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the InGaAs camera market
- Detailed company profiles
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 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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