In recent years, the global infrared imaging market has experienced substantial growth, driven by technological advancements, increasing applications across various industries, and a growing awareness of the benefits of thermal imaging.

https://www.marketsandmarkets.com/Market-Reports/infrared-IR-sensing-imaging-market-593.html

Global Infrared Imaging Industry Size and Share:

The global infrared imaging market has witnessed remarkable expansion, with a diverse range of applications influencing its size and market share. According to the MarketsandMarkets latest market research report The global infrared imaging market size is estimated to be worth USD 6.7 billion in 2023 and is projected to reach USD 9.6 billion by 2028, at a CAGR of 7.3% during the forecast period.

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.

The Asia Pacific region hold the largest market share of display 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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=593

Infrared Imaging Market Key Statistics

Several key statistics provide valuable insights into the current state of the global infrared imaging market:

Technology Breakdown: The market is segmented into cooled and uncooled infrared imaging technologies. Cooled infrared imaging systems, while offering high performance, often come with a higher cost, influencing the market dynamics.

Wavelength Distribution: Different wavelengths, including near, shortwave, mid-wave, and long-wave infrared, cater to specific applications. Statistics on wavelength distribution highlight the varied uses of infrared imaging technologies.

Application Insights: Security and surveillance, monitoring and inspection, and detection are primary applications driving the market. Understanding the distribution of applications provides a deeper understanding of the market landscape.

Vertical Analysis: The market spans multiple verticals, with aerospace and defense, healthcare, industrial, and automotive being key sectors adopting infrared imaging. Statistical data on vertical distribution sheds light on industry preferences.

Major Companies in Infrared Imaging Market

The global infrared imaging market boasts a competitive landscape, with several prominent companies contributing to its growth. Key market players include, 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 infrared imaging companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.

Infrared Imaging Market Growth Analysis

Increased adoption of infrared imaging products in security & surveillance application is one of the major drivers that fuels infrared imaging market growth.

The increasing use of infrared cameras in quality control and inspection applications has emerged as a significant trend in various industries. These highly advanced cameras enable businesses to enhance their quality control processes by providing non-destructive and non-contact testing capabilities. By capturing and analyzing thermal patterns, infrared cameras can identify anomalies, defects, or variations in temperature that may indicate potential issues with products or equipment.