IMARC Group’s report titled “Infrared Imaging Market Report by Technology (Cooled Infrared Imaging, Uncooled Infrared Imaging), Component (IR Detectors, IR Lens Systems, IR Sensors, and Others), Wavelength (Near Infrared (NIR), Shortwave Infrared (SWIR), Mid-Wave Infrared (MWIR), Long-Wave Infrared (LWIR), and Others), Application (Security and Surveillance, Monitoring and Inspection, Detection), Vertical (Industrial, Non-Industrial), and Region 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global infrared imaging market growth. The global market size reached US$ 6.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6% during 2024-2032.
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Factors Affecting the Growth of the Infrared Imaging Industry:
- Increased Demand for Surveillance and Security:
Infrared imaging allows for effective monitoring in low-light and nighttime conditions, which is crucial for security and surveillance. This capability is increasingly valued in various sectors, including public safety, critical infrastructure, and residential security. Infrared cameras are being integrated into advanced surveillance systems, such as those used in smart cities and critical infrastructure monitoring. These systems benefit from infrared imaging’s ability to detect heat signatures and identify potential threats that are not visible with conventional cameras.
- Healthcare Applications:
Infrared imaging is used in medical diagnostics for detecting variations in body temperature. This is particularly useful in identifying areas of inflammation, infection, or abnormal tissue growth. The ability to visualize temperature variations non-invasively enhances diagnostic accuracy and patient care. Infrared imaging can help in the early detection of conditions such as breast cancer, where abnormal heat patterns may indicate the presence of tumors. Early detection can significantly improve treatment outcomes and patient prognosis.
- Technological Advancements:
Innovations in infrared sensor technology are leading to higher sensitivity and resolution. Modern sensors can detect finer temperature differences and provide clearer, more detailed thermal images. This enhances the accuracy and effectiveness of infrared imaging applications across various industries. Technological progress is making infrared cameras more compact and portable. Smaller, lightweight devices are now available, making infrared imaging more accessible and versatile for use in field operations, medical diagnostics, and consumer applications.
Leading Companies Operating in the Global Infrared Imaging Industry:
- Axis Communications
- Cox Communications
- Episensors Inc.
- FLIR Systems
- Fluke Corporation
- L3 Technologies
- Leonardo DRS
- OPGAL Optronics Industries Ltd.
- Princeton Infrared Technologies Inc.
- Raptor Photonics Ltd.
- Sensors Unlimited Inc.
- Sofradir, Tonbo Imaging Pvt. Ltd.
- XenICs
- Zhejiang Dali Technology Co. Ltd.
Infrared Imaging Market Report Segmentation:
By Technology:
- Cooled Infrared Imaging
- Uncooled Infrared Imaging
Uncooled infrared imaging represents the largest segment as it eliminates the need for complex cooling mechanisms, such as cryogenic coolers.
By Component:
- IR Detectors
- IR Lens Systems
- IR Sensors
- Others
Shortwave infrared (SWIR) accounts for the largest market share, which can be accredited to the rising focus on enhanced sensitivity.
By Wavelength:
- Near Infrared (NIR)
- Shortwave Infrared (SWIR)
- Mid-Wave Infrared (MWIR)
- Long-Wave Infrared (LWIR)
- Others
Security and surveillance hold the biggest market share due to increasing security concerns.
By Application:
- Security and Surveillance
- Monitoring and Inspection
- Condition Monitoring
- Structural Health Monitoring
- Quality Control
- Detection
- Gas Detection
- Fire/Flare Detection
- Body Temperature Measurement
Security and surveillance hold the biggest market share, as it is crucial for national security, border protection, and infrastructure safety.
By Vertical:
- Industrial
- Automotive
- Aerospace
- Electronics & Semiconductor
- Oil & Gas
- Military and Defense
- Others
- Non-Industrial
Non-industrial dominates the market share on account of the rising focus on security and surveillance.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys a leading position in the infrared imaging market, which can be attributed to the thriving defense and security sector.
Global Infrared Imaging Market Trends:
Continuous improvements in sensor technology, including higher resolution and sensitivity, are expanding the capabilities of infrared imaging systems and driving their use in a broader range of applications. Infrared imaging is becoming more prevalent in consumer electronics, such as smartphones and smart home devices, due to its capabilities in enhancing user experience and adding functionalities like facial recognition and temperature measurement. The increasing need for enhanced security and surveillance solutions is driving the demand for infrared imaging systems, which provide superior performance in low-light and challenging environmental conditions. The development of compact and portable infrared imaging devices, including wearables and handheld units, is making this technology more accessible and versatile for field applications and personal use.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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