Latin America Ir Camera Market Size & Outlook, 2023-2030
The ir camera market in Latin America is expected to reach a projected revenue of US$ 1,975.2 million by 2030. A compound annual growth rate of 7% is expected of Latin America ir camera market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,227.1
Forecast, 2030 (US$M)
$1,975.2
CAGR, 2024 - 2030
7%
Report Coverage
Latin America
Latin America ir camera market highlights
- The Latin America ir camera market generated a revenue of USD 1,227.1 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, cooled was the largest revenue generating technology in 2023.
- Cooled is the most lucrative technology segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 1,227.1 million |
| Market revenue in 2030 | USD 1,975.2 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Cooled |
| Fastest growing segment | Cooled |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cooled |
Other key industry trends
- In terms of revenue, Latin America region accounted for 15.7% of the global ir camera market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,545.6 million by 2030.
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IR Camera Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Xenics | View profile | 101-250 | Leuven, Vlaams-Brabant, Belgium, Europe | https://www.xenics.com/ |
| Seek Thermal | View profile | 51-100 | Goleta, California, United States, North America | http://thermal.com/ |
| SPI Corporate Solutions | View profile | 11-50 | Springfield, Illinois, United States, North America | https://spinationwide.com |
| Leonardo | View profile | 11-50 | Greensboro, North Carolina, United States, North America | https://www.leonardocompany-us.com |
| Axis Communications | View profile | 11-50 | New Delhi, Delhi, India, Asia | https://www.axisevents.in |
| Fluke | View profile | 5001-10000 | Everett, Washington, United States, North America | http://www.fluke.com |
| Raytheon Systems Ltd | View profile | - | Waltham, Massachusetts, United States, North America | https://www.raytheon.com/uk |
| Teledyne FLIR | View profile | 1001-5000 | Wilsonville, Oregon, United States, North America | http://www.flir.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
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