- REPORT SUMMARY
- TABLE OF CONTENTS
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An infrared camera is a non-contact device that detects infrared energy (heat) and converts it into an electronic signal, which is then processed to produce a thermal image on a video monitor and perform temperature calculations.
The scale of the infrared camera market exceeded US$6.2 billion in 2019 and will grow at a compound annual growth rate of 7.13% between 2020 and 2026.
Infrared cameras can detect the infrared energy of any object in a specific field of view (FOV), thereby improving the detection, recognition and classification of objects. The camera is widely used for military, commercial and industrial purposes. The increase in commercialization and the decline in the prices of sensors and detectors, as well as the development of microbolometer technology, are driving the growth of the infrared camera market.
This report elaborates on the current development of the IR Camera industry thoroughly based on the international market dynamics and China's market situation.
For a start, the report provides an in-depth analysis of the current market situation through three different aspects - by region, by type and by application, which includes market distribution of different types and applications, import and export analysis of major regions, development trends of different types of products in each region, market opportunities and market restrains of different applications.
Secondly, this report lists the major players in the industry, displaying their market positions along with the strengths and weaknesses of their products, picturing the current competitive situation of the whole market.
Last but not least, the report analyzes and predicts the investment prospects and risks in the industry on the basis of industry data, combined with experts' opinions and suggestions.
Please note that the figures and tables shown in the sample are just for the purpose of demonstration, which may differ from those in the final report.
Competitive Landscape:
Fluke
Raytheon
Testo
Seek Thermal
Axis Communications AB
DRS Technologies
Guangzhou SAT Infrared Technology
Zhejiang ULIRvision Technology
Region:
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China
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North America
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Europe
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APAC
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Latin America, Middle East and Africa
Type:
Zinc Selenide
Sapphire
Germanium
Silicon
Application:
Military
Industrial
Commercial
Other
Table of Content
Chapter 1 Industry Overview & Development Status in Global and China Market
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1.1 IR Camera Industry Overview
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1.1.1 IR Camera Market Scope and Market Segments
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1.1.2 IR Camera Industry Characteristics
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1.1.3 Global and China IR Camera Sales Volume and Growth Rate (2017-2028)
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1.1.4 Global and China IR Camera Production Value and Growth Rate (2017-2028)
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1.2 Global IR Camera Market Size and Growth Rate by Type (2017-2028)
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1.2.1 Zinc Selenide
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1.2.2 Sapphire
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1.2.3 Germanium
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1.2.4 Silicon
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1.3 Global IR Camera Market Size and Growth Rate by Application (2017-2028)
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1.3.1 Military
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1.3.2 Industrial
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1.3.3 Commercial
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1.3.4 Other
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1.4 Market Analysis by Region
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1.4.1 North America IR Camera Consumption Market Size and Growth Rate (2017-2028)
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1.4.2 Europe IR Camera Consumption Market Size and Growth Rate (2017-2028)
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1.4.3 APAC IR Camera Consumption Market Size and Growth Rate (2017-2028)
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1.4.4 Latin America, Middle East and Africa IR Camera Consumption Market Size and Growth Rate (2017-2028)
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1.5 Global IR Camera Sales Volume, Price, Sales Value, Gross and Gross Margin (2017-2028)
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1.5.1 Global IR Camera Sales Volume, Price, Sales Value, Gross and Gross Margin (2017-2028)
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1.6 China IR Camera Sales Volume, Price, Sales Value (2017-2028)
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1.6.1 China IR Camera Sales Volume, Price, Sales Value (2017-2028)
Chapter 2 Global IR Camera Market Trends and Competitive Landscape
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2.1 Market Trends and Dynamics
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2.1.1 Challenges and Restraints
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2.1.2 Opportunities and Potentialities
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2.1.3 Mergers and Acquisitions
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2.2 Competitive Landscape
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2.2.1 Market Concentration Rate Analysis
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2.2.2 IR Camera Industry Porter's Five Forces Model Analysis
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2.2.3 IR Camera Industry PEST Analysis
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2.3 IR Camera Industry Chain Analysis
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2.3.1 Raw Material Supplies
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2.3.2 IR Camera Downstream Market Analysis
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2.3.3 Upstream and Downstream Impacts on IR Camera Industry
Chapter 3 Global and China IR Camera Market, by Manufacturer
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3.1 Global and China IR Camera Sales Volume, Sales Value and Market Share, by Manufacturer (2021&2022)
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3.1.1 Global and China IR Camera Sales Volume, by Manufacturer (2021&2022)
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3.1.2 Global and China IR Camera Sales Value, by Manufacturer (2021&2022)
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3.1.3 Global and China IR Camera Market Share, by Manufacturer (2021&2022)
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3.2 SWOT Analysis on Global and China IR Camera Market Top 3 Players
Chapter 4 Global and China IR Camera Market, by Type (2017-2028)
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4.1 IR Camera Market Trend, by Type
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4.2 Global IR Camera Sales Volume, Sales Value, Market Share and Price Trend, by Type
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4.2.1 Global IR Camera Sales Volume and Market Share, by Type (2017-2028)
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4.2.2 Global IR Camera Sales Value and Market Share, by Type (2017-2028)
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4.2.3 Global IR Camera Price Trend, by Type (2017-2028)
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4.3 China IR Camera Sales Volume, Sales Value, Market Share and Price Trend, by Type
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4.3.1 China IR Camera Sales Volume and Market Share, by Type (2017-2028)
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4.3.2 China IR Camera Sales Value and Market Share, by Type (2017-2028)
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4.3.3 China IR Camera Price Trend, by Type (2017-2028)
Chapter 5 Global and China IR Camera Market, by Application (2017-2028)
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5.1 Downstream Market Overview
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5.2 Global IR Camera Sales Volume, Sales Value and Market Share, by Application
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5.2.1 Global IR Camera Sales Volume and Market Share, by Application (2017-2028)
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5.2.2 Global IR Camera Sales Value and Market Share, by Application (2017-2028)
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5.3 China IR Camera Sales Volume, Sales Value and Market Share, by Application
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5.3.1 China IR Camera Sales Volume and Market Share, by Application (2017-2028)
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5.3.2 China IR Camera Sales Value and Market Share, by Application (2017-2028)
Chapter 6 Global IR Camera Production, Import, Consumption and Export, by Region (2017-2022)
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6.1 China IR Camera Production, Import, Consumption and Export (2017-2022)
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6.2 North America IR Camera Production, Import, Consumption and Export (2017-2022)
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6.3 Europe IR Camera Production, Import, Consumption and Export (2017-2022)
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6.4 APAC IR Camera Production, Import, Consumption and Export (2017-2022)
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6.5 Latin America, Middle East and Africa IR Camera Production, Import, Consumption and Export (2017-2022)
Chapter 7 North America IR Camera Market Analysis
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7.1 North America IR Camera Market, by Type
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7.2 North America IR Camera Market, by Application
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7.3 North America IR Camera Market Analysis and Forecast, by Country
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7.3.1 United States IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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7.3.2 Canada IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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7.3.3 Mexico IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
Chapter 8 Europe IR Camera Market Analysis
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8.1 Europe IR Camera Market, by Type
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8.2 Europe IR Camera Market, by Application
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8.3 Europe IR Camera Market Analysis and Forecast, by Country
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8.3.1 Germany IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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8.3.2 UK IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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8.3.3 France IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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8.3.4 Italy IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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8.3.5 Nordic Countries IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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8.3.6 Spain IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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8.3.7 Belgium IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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8.3.8 Poland IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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8.3.9 Russia IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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8.3.10 Turkey IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
Chapter 9 APAC IR Camera Market Analysis
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9.1 APAC IR Camera Market, by Type
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9.2 APAC IR Camera Market, by Application
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9.3 APAC IR Camera Market Analysis and Forecast, by Country
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9.3.1 China IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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9.3.2 Japan IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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9.3.3 Australia and New Zealand IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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9.3.4 India IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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9.3.5 ASEAN Countries IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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9.3.6 South Korea IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
Chapter 10 Latin America, Middle East and Africa IR Camera Market Analysis
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10.1 Latin America, Middle East and Africa IR Camera Market, by Type
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10.2 Latin America, Middle East and Africa IR Camera Market, by Application
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10.3 Latin America, Middle East and Africa IR Camera Market Analysis and Forecast, by Country
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10.3.1 GCC Countries IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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10.3.2 Brazil IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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10.3.3 Nigeria IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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10.3.4 South Africa IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
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10.3.5 Argentina IR Camera Sales Volume, Sales Value and Growth Rate (2017-2028)
Chapter 11 Global and China IR Camera Company Profiles
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11.1 Fluke
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11.1.1 Fluke Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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11.1.2 Fluke IR Camera Product Profiles, Application and Specification
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11.1.3 Fluke IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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11.2 Raytheon
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11.2.1 Raytheon Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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11.2.2 Raytheon IR Camera Product Profiles, Application and Specification
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11.2.3 Raytheon IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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11.3 Testo
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11.3.1 Testo Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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11.3.2 Testo IR Camera Product Profiles, Application and Specification
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11.3.3 Testo IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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11.4 Seek Thermal
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11.4.1 Seek Thermal Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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11.4.2 Seek Thermal IR Camera Product Profiles, Application and Specification
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11.4.3 Seek Thermal IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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11.5 Axis Communications AB
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11.5.1 Axis Communications AB Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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11.5.2 Axis Communications AB IR Camera Product Profiles, Application and Specification
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11.5.3 Axis Communications AB IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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11.6 DRS Technologies
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11.6.1 DRS Technologies Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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11.6.2 DRS Technologies IR Camera Product Profiles, Application and Specification
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11.6.3 DRS Technologies IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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11.7 Guangzhou SAT Infrared Technology
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11.7.1 Guangzhou SAT Infrared Technology Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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11.7.2 Guangzhou SAT Infrared Technology IR Camera Product Profiles, Application and Specification
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11.7.3 Guangzhou SAT Infrared Technology IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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11.8 Zhejiang ULIRvision Technology
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11.8.1 Zhejiang ULIRvision Technology Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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11.8.2 Zhejiang ULIRvision Technology IR Camera Product Profiles, Application and Specification
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11.8.3 Zhejiang ULIRvision Technology IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
Chapter 12 IR Camera Industry Investment Prospect and Risk Assessment
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12.1 IR Camera Industry Investment Prospect Assessment
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12.1.1 Investment Opportunities in Segmented Markets
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12.1.2 Investment Opportunities in Regional Markets
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12.1.3 Investment Opportunities in Subdivided Industries
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12.2 IR Camera Industry Investment Risk Assessment
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12.2.1 Competitive Risk Analysis
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12.2.2 Technology Risk Analysis
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12.2.3 Policies and Enterprise System Risk Analysis
List of Tables and Figures
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Figure Global IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure China IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Global IR Camera Production Value and Growth Rate (2017-2028)
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Figure China IR Camera Production Value and Growth Rate (2017-2028)
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Figure Global IR Camera Market Size and Growth Rate of Zinc Selenide (2017-2028)
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Figure Global IR Camera Market Size and Growth Rate of Sapphire (2017-2028)
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Figure Global IR Camera Market Size and Growth Rate of Germanium (2017-2028)
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Figure Global IR Camera Market Size and Growth Rate of Silicon (2017-2028)
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Figure Global IR Camera Market Size and Growth Rate of Military (2017-2028)
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Figure Global IR Camera Market Size and Growth Rate of Industrial (2017-2028)
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Figure Global IR Camera Market Size and Growth Rate of Commercial (2017-2028)
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Figure Global IR Camera Market Size and Growth Rate of Other (2017-2028)
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Figure North America IR Camera Consumption Market Size and Growth Rate (2017-2028)
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Figure Europe IR Camera Consumption Market Size and Growth Rate (2017-2028)
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Figure APAC IR Camera Consumption Market Size and Growth Rate (2017-2028)
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Figure Latin America, Middle East and Africa IR Camera Consumption Market Size and Growth Rate (2017-2028)
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Figure Global IR Camera Sales Volume, Price, Sales Value, Gross and Gross Margin (2017-2028)
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Figure China IR Camera Sales Volume, Price, Sales Value (2017-2028)
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Figure Porter's Five Forces Model Analysis
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Figure Industry PEST Analysis
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Table Global and China IR Camera Sales Volume, by Manufacturer (2021&2022)
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Table Global and China IR Camera Sales Value, by Manufacturer (2021&2022)
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Table Global and China IR Camera Market Share, by Manufacturer (2021&2022)
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Figure Global and China IR Camera Market Share, by Manufacturer in 2021
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Figure Global and China IR Camera Market Share, by Manufacturer in 2022
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Table Global IR Camera Sales Volume, by Type (2017-2028)
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Table Global IR Camera Sales Volume Share, by Type (2017-2028)
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Figure Global IR Camera Sales Volume Share, by Type (2017-2028)
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Table Global IR Camera Sales Value, by Type (2017-2028)
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Table Global IR Camera Sales Value Share, by Type (2017-2028)
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Figure Global IR Camera Price Trend, by Type (2017-2028)
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Table China IR Camera Sales Volume, by Type (2017-2028)
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Table China IR Camera Sales Volume Share, by Type (2017-2028)
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Figure China IR Camera Sales Volume Share, by Type (2017-2028)
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Table China IR Camera Sales Value, by Type (2017-2028)
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Table China IR Camera Sales Value Share, by Type (2017-2028)
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Figure China IR Camera Price Trend, by Type (2017-2028)
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Table Global IR Camera Sales Volume, by Application (2017-2028)
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Table Global IR Camera Sales Volume Share, by Application (2017-2028)
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Figure Global IR Camera Sales Volume Share, by Application (2017-2028)
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Table Global IR Camera Sales Value, by Application (2017-2028)
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Table Global IR Camera Sales Value Share, by Application (2017-2028)
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Figure Global IR Camera Sales Value Share, by Application (2017-2028)
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Table China IR Camera Sales Volume, by Application (2017-2028)
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Table China IR Camera Sales Volume Share, by Application (2017-2028)
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Figure China IR Camera Sales Volume Share, by Application (2017-2028)
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Table China IR Camera Sales Value, by Application (2017-2028)
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Table China IR Camera Sales Value Share, by Application (2017-2028)
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Figure China IR Camera Sales Value Share, by Application (2017-2028)
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Figure China IR Camera Production, Import, Consumption and Export (2017-2022)
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Figure North America IR Camera Production, Import, Consumption and Export (2017-2022)
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Figure Europe IR Camera Production, Import, Consumption and Export (2017-2022)
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Figure APAC IR Camera Production, Import, Consumption and Export (2017-2022)
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Figure Latin America, Middle East and Africa IR Camera Production, Import, Consumption and Export (2017-2022)
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Table North America IR Camera Sales Volume, by Type (2017-2028)
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Table North America IR Camera Sales Volume Share, by Type (2017-2028)
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Figure North America IR Camera Sales Volume Share, by Type (2017-2028)
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Table North America IR Camera Sales Volume, by Application (2017-2028)
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Table North America IR Camera Sales Volume Share, by Application (2017-2028)
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Figure North America IR Camera Sales Volume Share, by Application (2017-2028)
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Figure United States IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure United States IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Canada IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Canada IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Mexico IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Mexico IR Camera Sales Value and Growth Rate (2017-2028)
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Table Europe IR Camera Sales Volume, by Type (2017-2028)
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Table Europe IR Camera Sales Volume Share, by Type (2017-2028)
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Figure Europe IR Camera Sales Volume Share, by Type (2017-2028)
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Table Europe IR Camera Sales Volume, by Application (2017-2028)
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Table Europe IR Camera Sales Volume Share, by Application (2017-2028)
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Figure Europe IR Camera Sales Volume Share, by Application (2017-2028)
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Figure Germany IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Germany IR Camera Sales Value and Growth Rate (2017-2028)
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Figure UK IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure UK IR Camera Sales Value and Growth Rate (2017-2028)
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Figure France IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure France IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Italy IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Italy IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Nordic Countries IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Nordic Countries IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Spain IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Spain IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Belgium IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Belgium IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Poland IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Poland IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Russia IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Russia IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Turkey IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Turkey IR Camera Sales Value and Growth Rate (2017-2028)
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Table APAC IR Camera Sales Volume, by Type (2017-2028)
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Table APAC IR Camera Sales Volume Share, by Type (2017-2028)
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Figure APAC IR Camera Sales Volume Share, by Type (2017-2028)
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Table APAC IR Camera Sales Volume, by Application (2017-2028)
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Table APAC IR Camera Sales Volume Share, by Application (2017-2028)
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Figure APAC IR Camera Sales Volume Share, by Application (2017-2028)
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Figure China IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure China IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Japan IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Japan IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Australia and New Zealand IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Australia and New Zealand IR Camera Sales Value and Growth Rate (2017-2028)
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Figure India IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure India IR Camera Sales Value and Growth Rate (2017-2028)
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Figure ASEAN Countries IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure ASEAN Countries IR Camera Sales Value and Growth Rate (2017-2028)
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Figure South Korea IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure South Korea IR Camera Sales Value and Growth Rate (2017-2028)
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Table Latin America, Middle East and Africa IR Camera Sales Volume, by Type (2017-2028)
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Table Latin America, Middle East and Africa IR Camera Sales Volume Share, by Type (2017-2028)
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Figure Latin America, Middle East and Africa IR Camera Sales Volume Share, by Type (2017-2028)
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Table Latin America, Middle East and Africa IR Camera Sales Volume, by Application (2017-2028)
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Table Latin America, Middle East and Africa IR Camera Sales Volume Share, by Application (2017-2028)
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Figure Latin America, Middle East and Africa IR Camera Sales Volume Share, by Application (2017-2028)
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Figure GCC Countries IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure GCC Countries IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Brazil IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Brazil IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Nigeria IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Nigeria IR Camera Sales Value and Growth Rate (2017-2028)
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Figure South Africa IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure South Africa IR Camera Sales Value and Growth Rate (2017-2028)
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Figure Argentina IR Camera Sales Volume and Growth Rate (2017-2028)
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Figure Argentina IR Camera Sales Value and Growth Rate (2017-2028)
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Table Fluke Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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Table Fluke Product Profiles, Application and Specification
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Table Fluke IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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Table Raytheon Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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Table Raytheon Product Profiles, Application and Specification
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Table Raytheon IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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Table Testo Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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Table Testo Product Profiles, Application and Specification
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Table Testo IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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Table Seek Thermal Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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Table Seek Thermal Product Profiles, Application and Specification
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Table Seek Thermal IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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Table Axis Communications AB Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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Table Axis Communications AB Product Profiles, Application and Specification
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Table Axis Communications AB IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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Table DRS Technologies Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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Table DRS Technologies Product Profiles, Application and Specification
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Table DRS Technologies IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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Table Guangzhou SAT Infrared Technology Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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Table Guangzhou SAT Infrared Technology Product Profiles, Application and Specification
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Table Guangzhou SAT Infrared Technology IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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Table Zhejiang ULIRvision Technology Basic Information, Plants Distribution, Sales Region, Competitors and Market Position
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Table Zhejiang ULIRvision Technology Product Profiles, Application and Specification
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Table Zhejiang ULIRvision Technology IR Camera Sales Volume, Revenue, Price, Gross and Gross Margin (2017-2022)
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