Trading Economics projected military expenditure in Canada to reach approximately USD 21.7 billion by 2021. Prominently, security challenges stemming from intrusion are likely to expedite the demand for the technology. and Canada are poised to provide lucrative opportunities for infrared camera suppliers following the need for increased security. Infrared cameras to boost North America industry outlook Along with the U.K., other European countries, such as France, Italy and Germany are also slated to invest in state-of-the-art IP camera systems.
Notably, infrared cameras have gained prominence to spot overheating of mining equipment, including switchboards, power cable junction points, or detecting objects or personnel. Major companies are expected to target industrial sector as the demand for sophisticated surveillance systems has become noticeable, especially in mining and oil & gas industries. Europe IP camera market size could exceed USD 4.5 billion by 2026, largely due to the demand from residential and commercial applications.Īccess sample pages of the report, “Europe IP Camera Market Forecasts 2026” in detail along with the table of contents (ToC) sector exhibits strong demand in the U.K.
It is worth noting that PTZ cameras have the innate ability to monitor critical areas effectively, encouraging commercial sectors to invest in the technology.
Advanced economies have shown profound interest in PTZ cameras across the U.K., France, Germany, Russia and Spain amidst the downsides of fixed cameras.