Infrared Imaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Infrared Imaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Infrared Imaging Market

The Infrared Imaging market size was valued at USD 7.35 billion in 2023, and the market is now projected to grow from USD 7.94 billion in 2024 to USD 12.78 billion by 2032, showing a CAGR of 6.1% during the forecast period of 2024-2032.

The COVID-19 pandemic has had a major effect on the infrared imaging market, as it helped push IR imaging forward because healthcare providers and patients were worried about the virus being transmitted. Consequently, the use of Infrared Imaging market growth in treating acute conditions such as stroke, myocardial infarction among others dropped sharply as elective surgeries were banned by governments globally, mainly targeting COVID-19.

Military R&D is highly focused on infrared (IR) technology as it is important for night operations. It is applied in night vision goggles, missile guidance system and FLIR scanners aboard aircraft. The global Infrared Imaging market share for infrared imaging technology is anticipated to be driven by increasing usage of this kind imaging by the military and defense industries.

The market shows two primary trends: multispectral imaging and AI/ML integration responsible for enhanced capabilities in different spheres. When multispectral imaging is concerned, it deals with capturing data from all shades of the electromagnetic spectrum including infrared and ultraviolet through filters or instruments that are sensible to particular wavelengths. This is the main reason why most large organizations are so much interested in these kinds of technologies as they aim to improve their performance as well as applications.

Comprehensive Infrared Imaging Market

The Infrared Imaging market is growing at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Technology Analysis, by Wavelength Analysis, by Application Analysis by Vertical Analysis. The Technology Analysis include cooled infrared imaging and uncooled infrared imaging. The Wavelength Analysis includes near-infrared, Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR), and Long-Wave Infrared (LWIR). The Application Analysis includes security & surveillance, monitoring & inspection, and detection. The Vertical Analysis includes automotive, aerospace & defense, industrial, healthcare, and others.

The North America area lead the Infrared Imaging market with the resource of estimate a market size of USD 2.82 billion in 2023 due to the presence of major OEMs and riot mergers & acquisitions in the region.

The top players in the market play a crucial role in the Aerospace & Defence industry assuring industrial prospectus development and setting market standards. These players include, Teledyne Technologies Incorporated (U.S.), Leonardo DRS, Inc. (U.S.), Fluke Corporation (U.S.), Zhejiang Dali Technology Ltd (China), L3 Harris Technologies, Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Wuhan Guide Infrared Co., Ltd. (China), Allied Vision Technologies GmbH (Germany), BAE Systems Plc (U.K.), Axis Communications AB (Sweden), Lynred (U.S.), Seek Thermal Inc. (U.S.) these market players provide a competitive landscape.

In May 2023, Earth's surface temperature is measured from space by Leonardo DRS, a company that uses its high-precision radiometer technology to accomplish this. For an innovative mission, NASA collaborates with Leonardo DRS on their patent uncooled thermal imaging radiometer tech that is linked with the Multiband Uncooled SmallSat Imaging Radiometer (MUSIR) payload. Consequently, this entails a cost-effective satellite constellation establishment that is a major milestone.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.1% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Technology

Cooled Infrared Imaging

Uncooled Infrared Imaging

By Wavelength

Near-Infrared

Short-Wave Infrared (SWIR)

Mid-Wave Infrared (MWIR)

Long-Wave Infrared (LWIR)

By Application

Security & Surveillance

Monitoring & Inspection

Detection

By Vertical

Aerospace & Defense

Automotive

Healthcare

Industrial

Others

By Geography

North America (By Technology, Wavelength, Application, Vertical, and Country)

- U.S. (By Vertical)

- Canada (By Vertical)

Europe (By Technology, Wavelength, Application, Vertical, and Country)

- U.K. (By Vertical)

- Germany (By Vertical)

- France (By Vertical)

- Rest of Europe (By Vertical)

Asia Pacific (By Technology, Wavelength, Application, Vertical, and Country)

- China (By Vertical)

- India (By Vertical)

- Japan (By Vertical)

- Rest of Asia Pacific (By Vertical)

Rest of the World (By Technology, Wavelength, Application, Vertical, and Sub-Region)

- Middle East & Africa (By Vertical)

- Latin America (By Vertical)


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