Global IR Illuminators Market By Overview
IR Illuminators Market was valued at US$ 1.37 Billion in 2024 and is projected to grow at a CAGR of 7.50% to reach US$ 2.8 Billion by 2034.
Prophecy Market Insights has recently published its insights on “IR Illuminators Market” for the forecast period of 2024-2034. The market is segmented into By Type (Panoramic IR, Compact IR, and Long Range IR), By Products (IR Laser Illuminator and IR LED Illuminator), By Application (Surveillance and Night Vision Cameras), and By Region.
This market is expected to witness significant growth during the forecast period on account of rising demand for the night vision cameras which has IR illuminator in it. In addition, increasing robbery and government spending on security systems is boosting the target market growth. Furthermore, acceptance of IR illumination for better vision in retail sector is propelling the global market growth. Moreover, for the rising demand for surveillance purposes is expected to drive growth of the global market over the forecast period.
North America to grow at the highest CAGR during the forecast period
North America is accounted to dominate the global market in 2017, owing to rising demand for security cameras and surveillances. In addition, growth in government spending on security cameras is also another factor for building the way to drive growth of the global market. Europe and Asia-Pacific have showed a significant growth in the global market and is accounted to drive the target market over forecast period. This is attributed due to rise in demand for security cameras in the region and increasing demand for IR illuminators for security purposes.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2023 is considered as base year and 2024 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2024 to 2034. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
IR illuminators market report segments the market on the basis of type, product, application, and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the IR illuminators market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the IR illuminators market. For instance, in September 2019, Arecont Vision Costar, the industry leader in IP-based megapixel camera technology and video surveillance solutions has received a prestigious award for the brand new ConteraIP™ multi-sensor panoramic dome camera series. Arecont Vision Costar’s newest multi-sensor camera was the new product of the Year in the “Video Surveillance Cameras – IP” category.
- Arecont Vision LLC
- Panasonic Corporation
- Avigilon Corporation
- Axis Communications AB
- Cisco Systems, Inc.
- Canon, Inc.
- Hikvision Digital Technology Co., Ltd.
- Honeywell International, Inc.
- Mitsubishi Electric Corporation
- Dahua Technology Co., Ltd.
Prophecy Market Insights offers required customization on this report according to specific business requirements.
FAQs
The IR Illuminators Market accounted for US$ 1.37 Billion in 2024 and is estimated to be US$ 2.8 Billion by 2034 to grow at CAGR of 7.50%.
The IR Illuminators Market is segmented into Type, Application and Region.
Market growth is driven by increased demand for surveillance and security applications, advancements in infrared (IR) technology, and rising adoption in night vision systems.
Challenges include limited range and coverage, high costs, and potential interference with other electronic devices, influencing the global IR Illuminators Market.
Driven by demand for surveillance, IR technology advancements, and night vision adoption. Challenges include limited range and high costs. Regions covered are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with North America expected to dominate due to significant investments and technology advancements.
The key players operating the target market includes Arecont Vision LLC, Panasonic Corporation, Avigilon Corporation, Axis Communications AB, Cisco Systems, Inc., Canon, Inc., Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Mitsubishi Electric Corporation, Dahua Technology Co., Ltd. and others.