1, the global military infrared industry market
From a global perspective, the military infrared camera field of market competition is low, most of the military production enterprises products are mainly provided to their own military, foreign exports are not determined by the market, but by the country's political and military policy decisions. Therefore, in the international market, between different countries in the military field of thermal imaging camera enterprises generally do not produce direct market competition, for national security interests, the competition of infrared thermal imaging camera has evolved into a national and inter-state competition. From the demand side, according to the military infrared camera market will maintain steady growth, the global infrared military market reached $7.90 billion in 2013, and the market size is expected to reach $9.826 billion in 2018, of which the infrared detector and detector module is $1.23 billion, and the infrared system is $8.596 billion. Military thermal imaging camera product sales value compound annual growth rate of 4.47%, including infrared detectors and detector modules growth rate of 2.9%, infrared system growth rate of 4.7%. Worldwide, the main consumption of military thermal imaging cameras in the top three regions were North America, Europe and Asia, of which North America occupies about half of the global military thermal imaging camera market, the European market accounts for about 20%, the Asian market accounts for about 10%. The data fully illustrates that the popularity rate of infrared cameras in western developed countries, represented by the U.S. Army, is much higher than in other parts of the world. Asia, Latin America, Africa and other third world countries and regions of the military infrared market there is still much room for growth.
Global military infrared camera market size ($ million)
Data source: Publicly available information
From the supply side, the industry's competitors are concentrated in the U.S., Britain, France, Germany, Japan and Israel. Among them, the U.S. maintains a leading position by virtue of its strong scientific research advantages and occupies an absolutely dominant position in the international military products market, and the relevant enterprises of the U.K., France, Japan, Germany, Israel and other countries maintain their relative advantages in their specific fields and compete with the U.S. in part. According to U.S. Maxtech International statistics, in 2014, the global military thermal imaging camera market, the top 10 suppliers, U.S. manufacturers *** accounted for 7 seats. Among them, the top 3 U.S. companies Lockheed Martin, Raytheon, L-3 company occupies more than 45% of the global military thermal imaging camera market share, ranked from four to ten are: U.S. FLIR Systems, France's Sagem, the U.S. Northrop Grumman, France's Thales, the U.S. UTCA, the U.S. UTCA, the U.S. UTCA, and the U.S. UTCA. Thales (France), UTCAerospace (USA), BAE Systems (UK) and ELbit (Israel).
2, the global civil infrared industry market
In the civil field, infrared thermal imaging camera industry has fully realized the market competition, the enterprises to market free competition. With the development of uncooled infrared thermal imaging technology, infrared cameras in the civilian field has been widely used, its civilian market to maintain a very fast growth rate, the growth rate is much larger than the military field. The rapid growth in the civilian market consumption of thermal imaging cameras mainly comes from the continuous expansion of new applications, with the promotion of thermal imaging cameras in the electric power, construction, law enforcement, firefighting, vehicle and other industries, the international civilian infrared camera industry will usher in a period of rapid growth in market demand. From the demand side, in 2013, the civil infrared camera market size reached 2.956 billion U.S. dollars, is expected in 2019, the market size of up to 5.507 billion U.S. dollars, of which 1.512 billion U.S. dollars of refrigeration, non-cooled 3.995 billion U.S. dollars; civil infrared camera sales amount of compound annual growth rate of 11.00%. The North American market currently accounts for more than 60% of the world's infrared thermal imaging products, while the European and Asian markets are in a rapid development phase. As can be seen from the chart below, the CAGR of 13% for uncooled infrared cameras in the civilian sector is much higher than the CAGR of 6% for cooled infrared cameras, indicating that with the development of uncooled infrared thermal imaging technology, uncooled infrared cameras in the civilian sector have a huge space for development, and the market share is steadily increasing.
Global civilian infrared camera market size ($ million)
Data source: public information collation
From the supply side, the civilian field of the strongest competition in the industry for the U.S. FLIR company, the company launched the first civilian infrared camera in the 1980s, has become the world's largest and most complete variety of infrared camera product suppliers. 2013, the company has become the world's largest and most complete range of infrared thermal imaging products. In 2013, FLIR accounted for 40% of the global civilian thermal imaging camera market, with a 61% market share in the field of temperature measurement. In addition, the U.S. DRS company, the British BAE Systems company, the U.S. L-3 company, the U.S. FLUKE company and other companies are also strong competitors in the field of civil infrared cameras. At present, the international thermal imaging camera industry is very active in corporate mergers and acquisitions, and the phenomenon of industrial agglomeration is becoming more and more obvious. In 2007 alone, FLIR Systems acquired the French company CEDIP, the U.S. L-3 company acquired WESCAM (RAYTHEON commercial red external), TELEDYNE company acquired ROCKWELLSCIENTIFIC company high-end cooling focal plane business (astronomy, space and military), NIPPON AVIONICS and NEC SAN-EI INSTRUMENTS merged to form NEC AVIO INFRARED TECHNOLOGIES, AMETEK acquired LAND INSTRUMENTS, and FLUKE acquired RAYTEK, among other acquisitions and mergers. Through many acquisitions, the market share has been gradually increased, in the international civilian infrared camera products in the field of its market share has reached 40%, the top ten companies in the market share has reached 68%.
(B), the domestic infrared industry market size
1, the domestic military market
Foreign thermal imaging cameras have been assembled in missiles, airplanes, tanks, rockets, artillery, guns and other modern weapons. Infrared thermal imaging camera in China's military applications are also in a rapid stage of enhancement. In the Iraq war, the U.S. soldiers per capita prepared 1.7 sets of infrared thermal imaging products. Our country's military personnel number of about 2 million people, if the future of our army 10% of the troops equipped with infrared thermal imaging cameras, then our country's soldier with infrared thermal imaging camera market capacity can reach 200,000 sets to 20,000 yuan per set of calculation, its market capacity of up to 4 billion yuan. Infrared cameras are widely used in tanks, armored vehicles, ships, aircraft and guided weapons. According to our calculations, China's military infrared market, the total market capacity of more than 30 billion yuan, assuming that the infrared system update cycle of 10 years, the average annual market size of more than 3 billion yuan.
China's military infrared camera market demand
Applications Application Scale Unit price estimate (million yuan/set) Scale estimate (billion yuan)
Soldier 200,000 sets of 2 40
Tanks, armored vehicles, such as 7,500 tanks + 7,700 armored fighting vehicles + 2,475 self-propelled guns 50 88
Ships about 300 ships 1000 30
Military Aircraft About 300 200 60
Infrared Guided Weapons 20,000 20 40
Total - - 318
Application Areas
Size of Application Areas
Estimated Unit Price ($10,000/set)
Estimated Scale ($bn)
Soloaders
200,000 sets
40
Tanks, armored and other vehicles
7,500 tanks + 7,700 armored fighting vehicles + 2,475 self-propelled artillery guns
50
88
Ships
About 300 ships
1,000
30
Military Aircraft
Approximately 300
200
60
Infrared Guided Weapons
20
20
40
Total
318
Data source: public information, compiled by Wisdom Research Consulting
Expectation The global military infrared camera market in 2017 was about 9.5 billion U.S. dollars, and the Asian military infrared market in 2013 accounted for about 10.5%, which roughly calculates that the Asian military infrared camera market in 2017 was about 1 billion U.S. dollars, equivalent to about 7 billion yuan. According to our estimation, the annual market scale of China's military infrared system is more than 3 billion yuan. Due to the sensitivity of military infrared products, imports are subject to control, so the competition for military infrared products in China is mainly limited to domestic research and development enterprises.
2, the domestic civil market
Domestic infrared camera product market is still in the development period, compared with the mature foreign markets there is a great potential for growth. With China's sustained economic development, the domestic market for infrared camera demand is also increasingly strong. Due to the wide range of applications of infrared camera products, and can provide great convenience for people's production and life, the future market demand for infrared cameras will maintain a sustained and steady growth trend.
1) Firefighting
Firefighting is the largest civilian market for infrared cameras in developed countries, and is still in the early stages of development in China. From the point of view of potential market demand, China's firefighting class infrared thermal imaging camera market demand is very large. At present, China's fire truck ownership of about 30,000, with China's economic and social development, fire trucks equipped with infrared cameras will become a trend, if each fire truck is equipped with an infrared camera, China's firefighting industry, infrared camera potential market demand will reach about 30,000 units, each calculated at 40,000 yuan, the total demand reached 1.2 billion yuan.
2) electric power field
Electric power industry in the field of preventive testing is currently the most mature application, the most stable, as the most mature, the most effective means of electric power on-line detection, infrared thermal imaging camera can greatly improve the reliability of the operation of the power supply equipment, greatly shorten the time of maintenance of the equipment, reduce maintenance costs. China's electric power industry, the total demand for infrared thermal imaging camera is about 25,000 units, with an average price of 80,000 yuan per unit, the total market demand of about 2 billion yuan.
3) Construction field
The China Engineering Construction Standardization Association approved the implementation of the "Infrared Thermal Imaging Method for Detecting De-bonding Defects in Building Exterior Wall Finish Layers Technical Regulations", which standardizes the application of infrared thermal imaging cameras in the construction industry. As of the end of 2015, the number of large-scale construction units in China is about 100,000, each equipped with 1 infrared thermal imaging camera, the total market demand can reach 100,000 units, with an average selling price of 20,000 yuan per unit, the market demand of 2 billion yuan.
4) Manufacturing sector
China's metallurgy, electronics, food and other manufacturing units of about 1.32 million, if the above manufacturing industry in 10% of the large-scale enterprises equipped with infrared cameras to improve the quality of their products, according to each enterprise equipped with an infrared camera to calculate the market demand for a total of 132,000 units, in order to calculate the selling price of 100,000 yuan each, the market demand can reach 13.2 billion yuan. Amount can reach 13.2 billion yuan.
China's civilian infrared camera market demand
Applications Potential demand Average unit price (million yuan) Estimated size (billion yuan)
Fire 30,000 fire trucks, each car 1 4 12
Electricity Electricity demand for 25,000 8 20
Engineering and construction construction units 100,000, each 1 2 20
Process control Metallurgy, electronics, food, etc. 1.32 million units, 10% of large enterprises, 1 unit each 10 132
Total 184
Applications
Potential demand
Average unit price ($10,000)
Projected size ($ billion)
Firefighting
30,000 fire trucks, 1 unit each <
12
Electricity
Electricity demand 25,000 units
20
Engineering and construction
100,000 construction units, 1 unit each
20
Process control
Metallurgy, electronics, and food units 1,320,000 units, 10% of the large companies, 1 unit each
10
132
Total
184
Data source: public information, Wisdom Research Consulting
It is expected that the global civilian infrared camera market in 2017 will be about 4.35 billion U.S. dollars, or about 30 billion yuan, and the global civilian infrared camera sales amount of the compound annual growth rate is 11.00%. According to our estimation, the total market capacity of civil infrared cameras in China is about 18.4 billion yuan, and the annual market scale is about 1.87 billion yuan according to the product renewal cycle of 10 years. At present, in the global civilian market, infrared thermal imaging camera industry has fully realized market-oriented competition, each enterprise oriented market independent operation.
(C), the domestic infrared industry market pattern
1, the development of the domestic infrared industry
China's infrared camera industry has experienced three stages of development. The first stage: the early 1950s - the end of the 1950s, the initial contact and understanding of infrared cameras. China's first knowledge of infrared cameras began in the early 1950s, when the Chinese People's Volunteers in the Korean battlefield to obtain infrared thermal imaging equipment. Since then, relevant researchers began to conduct preliminary research on the working principle, material and function of infrared thermal imaging equipment, and achieved some preliminary research results. The second stage: the early 1960s - the end of the 1980s, the development of infrared thermal imaging technology in the military field has made rapid development. In addition to the Shanghai Institute of Technical Physics of the Chinese Academy of Sciences, 11 institutes of the China Electrotechnical Corporation (CECC), 211 institutes of the Armaments Industry Corporation (AIC), some universities, such as Huazhong University of Technology (now Huazhong University of Science and Technology), Jilin University, etc., also started the research and development of infrared technology. Phase III: 1990 to the present, the rapid development of China's civilian infrared camera industry. China's rapid economic development, the success of the international development of non-cooled focal plane detector technology, further promote the research and development of China's civil infrared camera, to High-Tech Infrared, Dali Science and Technology as the representative of China's infrared camera enterprises began to develop and produce non-cooled civil infrared camera, and vigorously attack the upstream core components of the infrared detector, and made a breakthrough. Up to now, China has already had the localized production capacity of uncooled and cooled infrared detectors.
2, the domestic infrared field development strength
Infrared industry upstream products are infrared detectors, infrared detector components, downstream for infrared machine products. Infrared detector costs account for about 80% of the total cost of infrared cameras, so the purchase price of infrared detectors have a greater impact on the sales price of infrared products. At present, only five countries in the world, namely the United States, France, Japan, Israel and China, have industrialized production capacity of infrared detectors. Domestic infrared industry after years of development and technology accumulation, now has from the infrared detector to the infrared machine products of the whole industry chain production.
The infrared industry upstream and downstream industry chain development unit
Data source: public information collation
China engaged in infrared research and production units can be divided into scientific research institutes and their industrialization company and private enterprises in two parts, and private enterprises as a rising star, development and production capacity should not be underestimated. Domestic scientific research and production units engaged in infrared products are: Chinese Academy of Sciences, Shanghai Institute of Technology and Materials, Changchun Institute of Optical Machinery, weapons group night vision sub-group (weapons 211, northern wide micro, Yunnan Northern Photonics), optoelectronics group (weapons 205, Jiangsu North Lake Photonics, Zhejiang Huadong photoelectricity, Shandong Northern Photonics), Lingyun sub-group (the Great Wall of the North Photonics), the weapons group in Hubei, Huazhong Photonics, China Electrotechnology 11, China Shipbuilding Industry Corporation 717 (including Jiuzhiyang), Aerospace Science and Industry 8358, AVIC Air Missile Research Institute, AVIC 613, etc., the above state-owned enterprises and institutions occupy the main market in the field of military infrared. Domestic private infrared product enterprises are usually state-owned scientific research and production units of the partners, as a military production of subcontracting units for infrared thermal imaging products supporting the production. In recent years, with the non-public enterprises are allowed to enter the field of national defense science and technology industry, weapons and equipment research and production areas and the gradual deepening of the reform of the equipment procurement system, the private infrared product enterprises and state-owned scientific research institutes gradually evolved into both cooperation and competition. Including high Germany infrared, Dali science and technology and Arrow photoelectric, including the domestic strength of the stronger private military infrared enterprises began to gradually and directly involved in the supply of infrared products and equipment for the army and the armed police, occupying a portion of the market. Civilian market, the domestic infrared technology products engaged in the development, production and operation of about 400 units, the beginning of the scale of about 30. Civil infrared camera suppliers have more than 10, but most of the enterprise R & D strength is weak, brand influence is small, many enterprises are actually agents of foreign products or system integrators, do not have a real core competitiveness. Some R & D strength, with independent intellectual property rights, can independently develop infrared thermal imaging camera outstanding enterprises gradually stood out, mainly in the high German infrared, Dali Technology, Arrow Optoelectronics, Guangzhou SAT and the Science and Technology Shield and so on. With the further development of these advantageous enterprises, industry concentration will accelerate.
Related report: "2017-2023 China thermal imaging camera market depth research and investment strategy research report" published by Wisdom Research Consulting