Infrared Imaging Market  Analysis Report 2024: Market to Grow by a CAGR of 6.1 to 2032, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Key Insights

The Infrared Imaging Marketsize was valued at USD 6.85 USD Billion in 2023 and is projected to reach USD 10.37 USD Billion by 2032, exhibiting a CAGR of 6.1 % during the forecast period.Thermal and infrared imaging are the same, which involves the use of infrared radiation to produce images of objects depending on the difference in temperature. Infrared detection captures infrared wavelengths given out by objects, and since it measures the output temperature of surfaces, it is valuable in many uses. Its primary attributes include the generation of a heat emissions map that can easily be observed even in low light or with restricted visibility, which makes surveillance, security, and search-and-rescue missions possible. Infrared imaging also helps in the prevention and detection of problems in various machinery, electrical systems, or even buildings before such issues are apparent to the naked eye. The advantages of using infrared imaging include the fact that it requires no physical contact between the equipment and the items being monitored, especially in environments that are dangerous or hot to human beings, and the fact that it has the ability to detect objects that are buried underground or behind other objects.

Infrared Imaging Trends

• Increasing adoption of infrared imaging in security and surveillance applications
• Growing demand for uncooled infrared cameras in industrial and automotive sectors
• Advancement in near-infrared and short-wave infrared technologies

Driving Forces: What's Propelling the Infrared Imaging Market

• Enhanced security and surveillance capabilities
• Non-destructive testing and monitoring in industrial applications
• Increased demand for infrared imaging in healthcare and aerospace & defense

Challenges and Restraints in Infrared Imaging Market

• High cost of cooled infrared cameras
• Lack of skilled professionals in infrared imaging technology
• Regulations and standards for the use of infrared imaging devices

Emerging Trends in Infrared Imaging

• Integration of artificial intelligence and machine learning in infrared imaging systems
• Development of multispectral infrared cameras
• Use of infrared imaging for medical diagnosis and monitoring

Growth Catalysts in Infrared Imaging Industry

• Government incentives for research and development in infrared imaging
• Technological advancements in sensor technology and image processing
• Increasing demand for remote sensing and condition monitoring applications

Market Segmentation: Infrared Imaging Analysis

Technology:

• Cooled Infrared Imaging
• Uncooled Infrared Imaging

Wavelength:

• Near-Infrared
• Short-Wave Infrared (SWIR)

Application:

• Security & Surveillance
• Monitoring & Inspection
• Detection

Vertical:

• Aerospace & Defense
• Automotive
• Healthcare
• Industrial
• Others

Leading Players in the Infrared Imaging Market

• Teledyne Technologies Incorporated (U.S.)
• Fluke Corporation (U.S.)
• Leonardo DRS, Inc. (U.S.)
• L3 Harris Technologies, Inc. (U.S.)
• Zhejiang Dali Technology Ltd. (China)
• Wuhan Guide Infrared Co., Ltd. (China)
• Hangzhou Hikvision Digital Technology Co., Ltd. (China)
• BAE Systems Plc (U.K.)
• Allied Vision Technologies GmbH (Germany)
• Lynred (U.S.)
• Axis Communications AB (Sweden)
• Seek Thermal Inc. (U.S.)

Significant Developments in Infrared Imaging Sector

• May 2023: Leonardo DRS's uncooled thermal imaging radiometer technology utilized for Earth surface temperature measurement from space.
• November 2022: Teledyne FLIR partners with RealWear to launch the world's first hands-free voice-controlled thermal imaging camera.
• May 2021: Lynred supplies large SWIR detector for the CO2M mission under Europe's Copernicus program.
• April 2021: Lynred collaborates with Airbus Defense & Space to develop a linear SWIR array for the Copernicus Land Surface Temperature Monitoring mission.

Comprehensive Coverage Infrared Imaging Market Report

The full market report covers:

• Market size and forecast
• Market trends and dynamics
• Competitive landscape
• Emerging technologies
• Regional insights
• Growth opportunities
• Key company profiles

Regional Insight

The Asia-Pacific (APAC) region continues to dominate the global infrared imaging market, driven by rapid economic growth, increased adoption of advanced technologies, and rising demand for infrared imaging solutions in sectors such as security, manufacturing, and healthcare. China, Japan, South Korea, and India are the key contributors to the region's market growth.

North America and Europe remain significant markets for infrared imaging, with well-established industries and robust demand from sectors like defense, industrial automation, and automotive. The United States and Germany are the leading markets in these regions, respectively.

The Middle East & Africa (MEA) and Latin America (LATAM) regions are emerging markets with high growth potential for infrared imaging. Growing investments in infrastructure, industrial development, and security initiatives are driving the demand in these regions. Countries such as Saudi Arabia, the UAE, and Brazil are witnessing notable growth in the adoption of infrared imaging technologies.