Market Share of IR Camera Industry
The IR camera market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are Teledyne FLIR LLC (Teledyne Technologies), SPI Corp., OPGAL Optronic Industries Ltd (Elbit Systems), Raytheon Company, and Seek Thermal Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- January 2024 - Valeo and Teledyne FLIR, a subsidiary of Teledyne Technologies Incorporated, have joined forces in a strategic collaboration. They aim to introduce thermal imaging technology to the automotive sector to bolster road safety. The collaboration has already yielded a major contract with a prominent global automotive OEM in late 2023. Under this contract, the companies will provide cutting-edge thermal imaging cameras as a key component of an advanced driver-assist system (ADAS). This technology promises to be a game-changer for vehicle and road safety.
- January 2024 - Raytheon has recently disclosed that they have been awarded a contract worth USD 154 million to supply the US Army with Commander's Independent Viewer (CIV) systems. These systems will be used to enhance the capabilities of the Army's Bradley Fighting Vehicles. The CIV system incorporates advanced electro-optical/infrared sight technology, including second-generation forward-looking infrared (FLIR) cameras and sensors. With these cutting-edge features, the Bradley Fighting Vehicle will gain a comprehensive 360-degree view of the battlefield and improved targeting capabilities. It is worth noting that military forces have successfully utilized Raytheon's FLIR technology for over fifty years.
IR Camera Market Leaders
Teledyne FLIR LLC (Teledyne Technologies)
SPI Corp.
OPGAL Optronic Industries Ltd (Elbit Systems)
Raytheon Company
Seek Thermal, Inc.
*Disclaimer: Major Players sorted in no particular order
