The global infrared imaging market (IR camera market) size is estimated to be
worth USD 6.7 billion in 2023 and is projected to reach USD 9.6 billion by
2028, growing at a CAGR of 7.3% during the forecast period. Increased adoption
of infrared imaging products in security & surveillance application is one
of the major drivers that fuels IR camera market growth.
The market for uncooled
infrared imaging by technology to hold largest market share during the forecast
period
the expanding
applications of uncooled infrared imaging in areas like automotive, security,
and agriculture have fueled its growth. Also, the ease of use and the ability
to capture thermal data in real-time without the need for cooling systems have
made uncooled infrared imaging a preferred choice for many users.
Long-wave infrared by
wavelength held the largest market share in 2023
LWIR cameras provide an
extended wavelength range, enabling superior detection of small temperature
differentials and enhancing image quality. This characteristic makes them
highly suitable for critical applications like predictive maintenance, where
identifying subtle temperature variations is essential. Moreover, LWIR cameras
have experienced significant advancements in detector technology, resulting in
heightened sensitivity and improved resolution.
Monitoring &
Inspection by application to witness highest CAGR during forecast period
Infrared imaging
facilitates non-destructive monitoring and inspection across industries by
capturing thermal signatures. It assists in preventive maintenance, quality
control, energy audits, building inspections, healthcare diagnostics, and
agriculture, enabling the detection of anomalies, process optimization, and
efficiency improvement.
Infrared Imaging Market
Share
Asia Pacific held to
register highest CAGR in the infrared imaging industry during forecast period
The Asia Pacific region
is one of the key markets for infrared imaging market. The increasing adoption
of thermal imaging technology across various sectors has driven the demand for
infrared cameras and related products. Several companies in the region are
actively involved in the development, production, and distribution of infrared
imaging solutions. The technology continues to advance, and its applications
are expanding to new areas, promoting safety, efficiency, and innovation in the
region.
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Top Infrared Imaging
Companies - Key Market Players
The overall infrared
imaging market is dominated by 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), Inc, Fluke Corporation
(US), Raytheon Technologies Corporation (US), Xenics nv (Belgium), and Allied
Vision Technologies GmbH (Germany). These companies have used both organic and
inorganic growth strategies such as product launches, acquisitions, and
partnerships to strengthen their position in the market.
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