According to the latest report by IMARC Group "Infrared Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global infrared imaging market size reached US$ 6.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2027, exhibiting a growth rate (CAGR) of 7.25% during 2022-2027.

Infrared imaging refers to a technology for capturing infrared energy emitted by various objects and converting them into visible images. This imaging technique, also known as thermography, is used to measure temperature differences in small and moving objects while producing clear thermal images in low-light situations. As a result, infrared imaging is widely adopted across diverse sectors including, automotive, aerospace, electronics, military and defense, and oil and gas.

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Market Trends

The increasing adoption of infrared imaging technology in the defense and military sector for security and surveillance purposes is primarily augmenting the market growth. Furthermore, the rising deployment of IR technology in the oil and gas sector for leak detection and fire prevention is also propelling the market. Moreover, the growing investments in the development of autonomous vehicles are further driving the demand for IR technology. With the sudden outbreak of coronavirus infection, IR imaging is being rapidly adopted as a non-invasive solution for monitoring the body temperature over conventional thermometer that may lead to disease transmission. Apart from this, the emergence of high-speed cameras with advanced features for evaluating the severity of heat, coupled with the production of lightweight, receptive, and more convenient industrial IR imaging devices is further expected to drive the market for infrared imaging.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Axis AB (AXIS.ST)
• Cox Communications
• Episensors Inc.
• FLIR Systems, Inc. (FLIR)
• Fluke Corporation
• L3 Technologies Inc. (LLL)
• LEONARDO (LDO.MI)
• OPGAL Optronics Industries Ltd
• Princeton Infrared Technologies, Inc. (PIRT)
• Raptor Photonics Ltd.
• Sensors Unlimited Inc.
• Sofradir, Tonbo Imaging Pvt. Ltd.
• XenICs
• Zhejiang Dali Technology Co. Ltd.

Breakup by Technology:

• Cooled Infrared Imaging
• Uncooled Infrared Imaging

Breakup by Component:

• IR Detectors
• IR Lens Systems
• IR Sensors
• Others

Breakup by Wavelength:

• Near Infrared (NIR)
• Shortwave Infrared (SWIR)
• Mid-Wave Infrared (MWIR)
• Long-Wave Infrared (LWIR)
• Others

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

Breakup by Vertical:

• Industrial
  • Automotive
  • Aerospace
  • Electronics & Semiconductor
  • Oil & Gas
  • Military and Defense
  • Others
• Non-Industrial

Market 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

View Report TOC, Figures and Tables: https://www.imarcgroup.com/infrared-imaging-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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