World IR Illuminator Market Scrutinised in New Cutting-edge M&M Report Now Available at MarketPublishers.com
10 Feb 2016 • by Natalie Aster
LONDON – The market for active infrared (IR) illuminators is poised to grow from a value of USD 1.75 billion in 2015 to be worth USD 2.68 billion by 2020, expanding at 8.8% CAGR. Security concerns in a number of developing nations, reduction in ASP for IP cameras, acceptance of IR illumination to improve vision are amid the main factors behind the market growth.
Amid the various application areas in the security cameras (IR illuminator) market, city infrastructure is set to register the highest, double-digit CAGR as the government authorities are pouring money to avert the destruction of city infrastructure such as airways, bridges, railways and roadways.
Through to 2020, the APAC region is anticipated to capture the lion’s market share of the IR illuminator market. The availability of advanced, though inexpensive, cameras owing to highly competitive marketplace is contributing to a broad use of surveillance cameras in domestic applications. The governments of developing economies of China and India are spending huge sums of money to safeguard critical infrastructure and assets that are vital for the countries’ development, thus giving a boost to the security camera market.
Axis Communication, Canon Corporation, Hikvision Digital Technology Co. Ltd. and Dahua Technology are the leading players in the market.
New research report “Security Cameras (IR Illuminator) Market” developed by M&M offers a detailed analysis of the global market for security cameras (IR illuminators). The study gives insights into the market’s current standing, besides tracking its historical evolution. It offers detailed market segmentation by system, resolution, type, feature, application, and by geography; providing exhaustive market size estimates and forecasts for the overall market and its segments as well as growth rates for each. The report explores major industry trends; investigates major market drivers, limiters, challenges and key opportunities. The publication also discusses the competitive scene and profiles the 17 leading players.
Security Cameras (IR Illuminator) Market
Published: January, 2016
Price: US$ 4,650.00
More studies by the publisher are available at M&M page.