Global Night Vision (IR) Surveillance Cameras Market to Reach US$175.8 mn by 2024

ALBANY, USA, 2018-Jun-08 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has recently announced the addition a new study on the global night vision (IR) surveillance cameras market that provides a comprehensive analysis of this market.The research report is titled “Night Vision (IR) Surveillance cameras Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024”.

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According to the study, the worldwide market for night vision (IR) surveillance cameras is likely to expand at a CAGR of 26.50% during the period from 2016 to 2024 and attain a value of US$175.8 mn by the end of the forecast period.

The rising need for continual monitoring for perimeter access, the increasing concerns over security pertaining to public or private end-use sectors, and the protection of critical assets are driving the global night vision (IR) surveillance cameras market significantly. In addition to this, the growing demand for next-generation night vision infrared cameras in the defense and military industries is projected to propel this market substantially during the forecast period, notes the study.

The report has studied this market on the basis of the shape, type, end user, and the region. Based on shape, the market has been categorized into dome cameras, box cameras, and bullet cameras. Based on type, the market has been segmented into PTZ cameras and fixed cameras, Based on end user, the market has been classified into retail, business organizations, stadiums, transportation, industrial, public sector and defense, and other industries such as education, residential, and hospitality.

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Geographically, the worldwide market for night vision (IR) surveillance cameras has been segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America led the global market in 2016 with a share of approximately 47.4%. Night vision (IR) surveillance cameras have helped this region to resist and fight terrorism successfully and have also assisted in the identification of significant information regarding terrorist activities a number of times.

Owing to these factors, the demand for these cameras is likely to remain high in North America, retaining its position as the leading regional market for night vision (IR) surveillance cameras during the forecast period. However, Europe is projected to record the fastest growth in the overall market over the forecast period at a CAGR of 29.10%, states the research report.

BAE Systems Plc., Axis Communications AB, Pelco Corp., Raytheon Co., Hikvision Digital Technology Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., FLIR Systems, and L-3 Communications Holdings are the leading international manufacturers of night vision (IR) surveillance cameras mentioned in this research study.

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