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Global Infrared Imaging Market Size By Technology, By Wavelength, By Application, By Geographic Scope And Forecast


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Infrared Imaging Market Size By Technology, By Wavelength, By Application, By Geographic Scope And Forecast

Infrared Imaging Market Size And Forecast

Infrared Imaging Market size was valued at USD 64.87 Million in 2023 and is projected to reach USD 85.95 Million by 2030, growing at a CAGR of 3.58% during the forecast period 2024-2030.

Global Infrared Imaging Market Drivers

The market drivers for the Infrared Imaging Market can be influenced by various factors. These may include

  • Improvements in Sensor Sensitivity, Resolution, and Image Processing Capabilities Ongoing developments in infrared imaging technology propel the market’s expansion. These developments result in infrared imaging systems that are more precise, dependable, and reasonably priced.
  • Growing Need for Non-Destructive Testing (NDT) Applications for non-destructive testing using infrared imaging are common in a variety of industries, including electronics, infrastructure, automotive, and aerospace. The market for infrared imaging solutions is driven by the need to identify flaws, anomalies, and structural weaknesses without causing harm to the material being evaluated.
  • Growing usage in Healthcare The usage of infrared imaging in healthcare is growing, with uses including disease diagnosis, monitoring, and thermal imaging. The healthcare industry is experiencing rapid expansion due to the increasing usage of infrared cameras and thermal imaging systems for detecting irregularities, monitoring patient vital signs, and assisting with medical operations.
  • Increasing Industrial Automation The need for infrared imaging technology is driven by the growing use of industrial automation solutions, such as robotics, machine vision, and process monitoring systems. In manufacturing and industrial settings, infrared cameras are incorporated into automated systems for monitoring, inspection, and quality control.
  • Growing Need for Security and Surveillance Applications such as perimeter monitoring, border security, law enforcement, and public safety all heavily rely on infrared imaging. The market demand for infrared cameras is driven by their capacity to capture crisp images in low-light or no light settings, which is crucial for surveillance systems.
  • Increase in car Safety Systems Night vision and advanced driver assistance systems (ADAS) are two examples of how infrared imaging is being used into car safety systems. By assisting in the detection of objects, dangers, and pedestrians in poor visibility situations, infrared cameras increase driver safety and lower accident rates.
  • Demand for Thermal Imaging in Building Inspections In order to identify energy loss, moisture incursion, electrical problems, and structural problems, thermal imaging is frequently employed in building inspections. Building inspectors, contractors, and maintenance specialists can rapidly and precisely identify issues with buildings thanks to infrared cameras, which is propelling market expansion in the construction sector.
  • Adoption of Infrared Imaging in Agriculture Crop monitoring, disease detection, and irrigation management are just a few of the uses of Infrared imaging in agriculture. Farmers are able to maximise crop yields and make data-driven decisions by using infrared cameras installed on drones or agricultural equipment to record thermal images of their crops.
  • Applications in the Military and Defence Night vision systems, target acquisition, surveillance, and reconnaissance are just a few of the military and defence applications that make substantial use of infrared imaging technology. The military sector’s market growth is driven by the need for infrared cameras and thermal imagers in defence applications.
  • Research on the Environment Studies on the environment, ecology, and climate change all make use of infrared imaging. Through the use of infrared cameras, scientists and researchers can investigate biodiversity and environmental changes by obtaining thermal images of landscapes, oceans, and wildlife habitats.

Global Infrared Imaging Market Restraints

Several factors can act as restraints or challenges for the Infrared Imaging Market. These may include

  • High Equipment Cost The acquisition and upkeep of infrared imaging equipment, such as cameras and sensors, can be costly. Potential buyers may be discouraged by the high upfront expenses, especially in sectors with tighter budgets or lower perceived returns on investment.
  • Technological Restrictions The resolution, sensitivity, and image processing capabilities of infrared imaging technologies remain restricted, even with recent developments. These restrictions might limit the use of infrared imaging in specific sectors or fields, including security screening or medical diagnostics.
  • Competition from Alternative Technologies In certain applications, infrared imaging may be rivalled or outperformed by alternative technologies such visible light imaging, radar, LiDAR, and ultrasound. Adoption of infrared imaging systems may be hampered by competition from these technologies.
  • Regulatory Requirements and Standards Infrared imaging equipment could be subject to regulations, especially in sectors like aircraft, defence, and healthcare. For infrared imaging products, regulatory standards compliance may result in higher development costs and a longer time to market.
  • Limited Knowledge and Education Prospective users may not be fully informed about the advantages and capabilities of infrared imaging technology. Adoption and use of infrared imaging technologies in a variety of industries may be hampered by a lack of education and training programmes.
  • Data privacy and security issues are brought up by the possibility that infrared imaging devices will record private or sensitive data, such as biometric information or thermal signatures. It is imperative that users of infrared imaging technology take data protection rules and cyber threat mitigation into account.
  • Environmental Factors
  • The performance of infrared imaging systems can be impacted by environmental factors like temperature, humidity, and air interference. The efficacy of infrared imaging in outdoor or long-range applications may be restricted by unfavourable meteorological circumstances or environmental fluctuations.
  • Integration Challenges It can be difficult and expensive to integrate infrared imaging devices with the current hardware, software, and infrastructure. Using infrared imaging systems in heterogeneous environments can present compatibility and interoperability problems.
  • Training and Skill Requirements Specialised training and skills are needed to operate and interpret infrared imaging systems. The broad use of infrared imaging technology may be hampered by a lack of qualified workers and the requirement for continual training initiatives.
  • Market Saturation in established categories The market for infrared imaging solutions may be saturated in some established categories, such as thermography and surveillance. Diversification into new markets or applications may be necessary due to the restricted growth potential in these categories.

Global Infrared Imaging Market Segmentation Analysis

The Global Infrared Imaging Market is Segmented on the basis of Technology, Wavelength, Application, and Geography.

Infrared Imaging Market, By Technology

  • Cooled Infrared Imaging Utilizes a cooling mechanism to reduce sensor temperature and minimize electronic noise, offering higher sensitivity and better image quality.
  • Uncooled Infrared Imaging Does not require cooling, making it more compact, lightweight, and cost-effective, suitable for various applications.
  • Near Infrared (NIR) Imaging Captures images in the near-infrared spectrum, typically used for applications such as surveillance, agriculture, and medical diagnostics.
  • Mid-wave Infrared (MWIR) Imaging Operates in the mid-infrared spectrum, suitable for applications such as thermal imaging, remote sensing, and industrial inspection.
  • Long-wave Infrared (LWIR) Imaging Operates in the long-wave infrared spectrum, commonly used for thermal imaging, surveillance, and security applications.

Infrared Imaging Market, By Wavelength

  • Short-wave Infrared (SWIR) Imaging Captures images in the short-wave infrared spectrum, offering enhanced visibility through fog, smoke, and other obscurants.
  • Medium-wave Infrared (MWIR) Imaging Operates in the medium-wave infrared spectrum, suitable for thermal imaging and surveillance applications.
  • Long-wave Infrared (LWIR) Imaging Operates in the long-wave infrared spectrum, commonly used for thermal imaging and security applications.

Infrared Imaging Market, By Application

  • Security and Surveillance Monitoring and surveillance of borders, critical infrastructure, airports, and public spaces.
  • Industrial Inspection Quality control, defect detection, and predictive maintenance in manufacturing, automotive, aerospace, and other industries.
  • Thermal Imaging Detection of heat signatures for firefighting, search and rescue, building inspections, and energy audits.
  • Medical Imaging Diagnosis, monitoring, and treatment planning in healthcare, including thermography, ophthalmology, and dermatology.
  • Automotive Night vision systems, driver assistance, and autonomous vehicle technology.
  • Agriculture Crop monitoring, pest detection, and irrigation management.
  • Environmental Monitoring Climate studies, pollution detection, and natural resource management.
  • Others Including research and development, scientific imaging, and consumer electronics.

Infrared Imaging Market, By Geography

  • North America Includes the United States and Canada, characterized by a strong presence of key market players and significant investment in defense, healthcare, and industrial sectors.
  • Europe Includes countries such as Germany, the UK, France, Italy, and Spain, with a growing demand for infrared imaging in security, automotive, and industrial applications.
  • Asia-Pacific Includes China, Japan, India, South Korea, and Australia, where rapid industrialization, urbanization, and technological advancements drive market growth.
  • Latin America Includes Brazil, Mexico, and other countries in Central and South America, with increasing adoption of infrared imaging in surveillance, agriculture, and healthcare.
  • Middle East and Africa Includes countries such as Saudi Arabia, UAE, South Africa, and others, where defense and security concerns drive market demand.

Key Players

The major players in the Infrared Imaging Market are

  • Teledyne FLIR LLC (US)
  • Leonardo DRS (US)
  • Axis Communications AB (Sweden)
  • Zhejiang Dali Technology Co. Ltd. (China)
  • OPGAL Optronics Industries Ltd (Israel)
  • L3Harris Technologies (US)
  • Fluke Corporation (US)
  • Raytheon Technologies Corporation (US)
  • Xenics nv (Belgium)
  • Allied Vision Technologies GmbH (Germany)

Report Scope

Report AttributesDetails
Study Period

2020-2031

Base Year

2023

Forecast Period

2024-2031

Historical Period

2020-2022

Unit

Value (USD Million)

Key Companies Profiled

Teledyne FLIR LLC (US), Leonardo DRS (US), Axis Communications AB (Sweden), Zhejiang Dali Technology Co. Ltd. (China), OPGAL Optronics Industries Ltd (Israel), Fluke Corporation (US), Raytheon Technologies Corporation (US), Xenics nv (Belgium), Allied Vision Technologies GmbH (Germany).

Segments Covered

By Technology, By Wavelength, By Application, and Geography.

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Reasons to Purchase this Report

Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factorsProvision of market value (USD Billion) data for each segment and sub-segmentIndicates the region and segment that is expected to witness the fastest growth as well as to dominate the marketAnalysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each regionCompetitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiledExtensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market playersThe current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regionsIncludes an in-depth analysis of the market of various perspectives through Porter’s five forces analysisProvides insight into the market through Value ChainMarket dynamics scenario, along with growth opportunities of the market in the years to come6-month post-sales analyst support

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