IMARC Group, a leading market research company, has recently released a report titled Infrared Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global infrared imaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Infrared Imaging Industry?
According to the report, The global infrared imaging market size reached US$ 6.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
What is Infrared Imaging?
Infrared (IR) imaging, also known as thermography, is a technology used to capture and convert invisible IR radiation into visible images. It requires specialized devices capable of detecting the IR radiation emitted by warm objects and converting the signals into images. In addition to producing clear thermal images in low-light environments, this technique can measure temperature differences in small and moving objects. Owing to these benefits, infrared imaging is widely applied in industries such as aerospace, electronics, automotive, military and defense, and oil and gas sectors.
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What are the growth prospects and trends in the Infrared Imaging industry?
The market is primarily driven by the increasing prevalence of chronic diseases such as gastrointestinal, cancer, neurovascular, and cardiovascular disorders (CVDs). In addition, the escalating demand for technologically advanced fluorescence imaging systems and the increasing product use in military applications for surveillance and high-resolution vision in dark environments are contributing to the market growth. Moreover, the widespread adoption of infrared imaging in the healthcare sector as a non-invasive method for monitoring body temperature and tracking disease patterns for diagnosing vascular, urological, and neurological disorders such as Alzheimers represents another major growth-inducing factor. Besides this, the rising demand for IR imaging solutions in automobiles due to the emergence of advanced driver-assistance systems (ADAS) and autonomous vehicle (AV) platforms is augmenting the market growth. Furthermore, the extensive research and development (RD) activities and the development of high-speed cameras with advanced features for evaluating heat severity and the production of lightweight, more receptive, and convenient industrial IR imaging devices are creating a positive market outlook.
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 Communications
- Cox Communications
- Episensors Inc
- FLIR Systems
- Fluke Corporation
- L3 Technologies
- Leonardo DRS
- OPGAL Optronics Industries Ltd
- Princeton Infrared Technologies Inc.
- Raptor Photonics Ltd.
- Sensors Unlimited Inc.
- Tonbo Imaging Pvt. Ltd.
- Zhejiang Dali Technology Co. Ltd.
Breakup by Technology:
- Cooled Infrared Imaging
- Uncooled Infrared Imaging
Breakup by Component:
- IR Detectors
- IR Lens Systems
- IR Sensors
Breakup by Wavelength:
- Near Infrared (NIR)
- Shortwave Infrared (SWIR)
- Mid-Wave Infrared (MWIR)
- Long-Wave Infrared (LWIR)
Breakup by Application:
- Security and Surveillance
- Monitoring and Inspection
- Condition Monitoring
- Structural Health Monitoring
- Quality Control
- Gas Detection
- Fire/Flare Detection
- Body Temperature Measurement
Breakup by Vertical:
- Electronics Semiconductor
- Oil Gas
- Military and Defense
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
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