Infrared Imaging Market Demand, Growth and Forecast 2024-2032
Global Infrared Imaging Market Statistics: US$ 11.9 Billion Value by 2032
Summary:
- The global infrared imaging market size reached USD 6.9 Billion in 2023.
- The market is expected to reach USD 11.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6% during 2024-2032.
- North America leads the market, accounting for the largest infrared imaging market share.
- Uncooled infrared imaging accounts for the majority of the market share in the technology segment due to its cost-effectiveness, compact design, and versatility.
- Based on the component, the market has been divided into IR detectors, IR lens systems, IR sensors, and others.
- Shortwave infrared (SWIR) holds the largest share in the infrared imaging industry.
- Security and surveillance represent the leading application segment.
- Non-industrial exhibits a clear dominance in the market.
- The rising demand for advanced security and surveillance systems is a primary driver of the infrared imaging market.
- The increasing applications of infrared imaging in the healthcare sector are reshaping the infrared imaging market.
Infrared Imaging Market Trends and Drivers:
Growing Demand for Advanced Security and Surveillance Systems
The increasing need for advanced security and surveillance solutions across various sectors, including military, law enforcement, and commercial industries, is impelling the market growth. Infrared imaging technology enables the detection of heat signatures, making it effective for identifying objects and individuals in low visibility conditions, such as nighttime or smoke-filled environments. This capability is crucial for border security, perimeter surveillance, and search and rescue operations, where visual clarity is often compromised. Additionally, the rise in global security concerns and the need to protect critical infrastructure have accelerated the adoption of infrared imaging systems. As governments and private organizations invest more in enhancing their surveillance capabilities, the demand for infrared imaging technology is growing, fostering further innovation in imaging solutions.
Increasing Applications in Automotive and Industrial Sectors
The expanding applications of infrared imaging in the automotive and industrial sectors is propelling the market growth. In the automotive industry, infrared cameras are increasingly integrated into advanced driver assistance systems (ADAS) and autonomous vehicles to enhance safety and navigation by detecting pedestrians, animals, and other obstacles in low-light conditions. This application is particularly valuable in improving vehicle safety during nighttime driving or in poor weather conditions. In industrial settings, infrared imaging is utilized for predictive maintenance and quality assurance. It helps detect overheating components, electrical faults, and thermal anomalies in machinery, which can prevent equipment failures and reduce downtime.
Growing Adoption in Medical Diagnostics and Healthcare
The growing reliance of the medical sector on infrared imaging technology is bolstering the market growth. Infrared imaging, particularly thermal imaging, has proven beneficial in non-invasive diagnostics and monitoring. It is increasingly used to detect abnormalities, such as breast cancer, vascular disorders, and musculoskeletal issues, by capturing temperature variations in body tissues. This technology offers a pain-free, radiation-free diagnostic alternative, making it appealing for both patients and healthcare providers. As the medical community is exploring new diagnostic techniques and improve patient care, the demand for infrared imaging is increasing.
Request for a sample copy of this report: https://www.imarcgroup.com/infrared-imaging-market/requestsample
Infrared Imaging Market Report Segmentation:
Breakup By Technology:
- Cooled Infrared Imaging
- Uncooled Infrared Imaging
Uncooled infrared imaging exhibits a clear dominance in the market due to its cost-effectiveness, compact design, and versatility across various applications.
Breakup By Component:
- IR Detectors
- IR Lens Systems
- IR Sensors
- Others
Based on the component, the market has been divided into IR detectors, IR lens systems, IR sensors, and others.
Breakup By Wavelength:
- Near Infrared (NIR)
- Shortwave Infrared (SWIR)
- Mid-Wave Infrared (MWIR)
- Long-Wave Infrared (LWIR)
- Others
Shortwave infrared (SWIR) represents the largest segment because it provides high-resolution imaging capabilities in low-light conditions and can penetrate through atmospheric conditions like fog and haze.
Breakup 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, driven by the growing demand for enhanced safety measures and the increasing adoption of infrared imaging in defense and law enforcement.
Breakup By Vertical:
- Industrial
- Automotive
- Aerospace
- Electronics & Semiconductor
- Oil & Gas
- Military and Defense
- Others
- Non-Industrial
Non-industrial accounts for the majority of the market share owing to the extensive use of infrared imaging in healthcare, automotive, and consumer electronics for various applications.
Breakup By Region:
- 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 dominates the market attributed to its strong technological infrastructure, significant defense spending, and high adoption of advanced security and surveillance systems.
Top Infrared Imaging Market Leaders:
The infrared imaging market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- 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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
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.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163