USD 0.95 billion
Infrared Camera Market Size, Share, Growth Analysis, By Technology(Cooled and uncooled infrared cameras), By End user(Aerospace, defense and healthcare and automotive sectors), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2176 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
60
|Figures:
75
Infrared Camera Market Insights
Global Infrared Camera Market size was valued at USD 0.95 billion in 2022 and is poised to grow from USD 1.03 billion in 2023 to USD 1.98 billion by 2031, at a CAGR of 8.5% during the forecast period (2024- 2031).
The global infrared camera market has experienced robust growth, driven by diverse applications across industries like security, automotive, and healthcare. Infrared cameras offer non-contact temperature measurement, night vision capabilities, and defect detection, enhancing operational efficiency.
Technological advancements have led to smaller, more affordable cameras with improved image quality. The market is poised for further expansion as industries increasingly recognize the value of infrared imaging for predictive maintenance, surveillance, and energy efficiency. However, competition and regulatory challenges remain, influencing market dynamics. Continued innovation and expanding industrial adoption are expected to sustain the market's upward trajectory.
US Infrared Camera Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
healthcare
Fastest Growth
Aerospace and defense
Growth Rate
8.5% CAGR
Global infrared camera market ($ Bn)
Country Share for North America Region (%)
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Infrared Camera Market Segmental Analysis
The global infrared camera market is segmented based on technology, end-use, and region. In terms of technology, it includes cooled and uncooled infrared cameras. End-users range from aerospace and defense to healthcare and automotive sectors. Geographically, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world.
Infrared Camera Market Analysis By Technology
Uncooled infrared cameras had gained widespread popularity due to their versatility, affordability, and applicability across a wide range of industries. Their use in commercial and consumer applications like home inspections, firefighting, automotive, and smartphones contributed to their prominence in the market.
Within the broader infrared camera market, one of the fastest-growing segments was thermography and temperature measurement. This growth was driven by increasing adoption in industries such as manufacturing, energy, and building diagnostics. These cameras were used for predictive maintenance, quality control, and identifying energy inefficiencies.
Infrared Camera Market Analysis By End-User
The industrial sector was one of the largest segments for infrared cameras. The use of infrared cameras for predictive maintenance and quality control in manufacturing contributed to this segment's size.
The automotive sector, particularly in the development of advanced driver assistance systems (ADAS), was experiencing significant growth. Infrared cameras were being integrated into vehicles for enhanced safety features.
Global infrared camera market by end user
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Infrared Camera Market Regional Insights
North America has traditionally been a significant market for infrared cameras due to its strong industrial base, technological advancements, and applications in various sectors such as defense, aerospace, and automotive. The United States and Canada are major contributors to the market in this region.
The Asia-Pacific region has been experiencing rapid industrialization, urbanization, and infrastructural development. This has led to an increasing demand for infrared cameras in sectors like construction, manufacturing, and automotive. Countries like China, Japan, and South Korea are among the largest consumers of infrared cameras in this region. Europe has a well-established industrial sector and is known for its focus on research and development. Infrared cameras are used in a wide range of applications, including medical imaging, security, and industrial automation. Countries like Germany, France, and the United Kingdom play a significant role in the European infrared camera market.
Global infrared camera market by Region
- Largest
- Fastest
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Infrared Camera Market Dynamics
Infrared Camera Market Drivers
Demand from Numerous End Users
- The increasing demand for infrared cameras in various applications such as surveillance, thermography, and automotive safety is propelling the growth of the global market, driven by technological advancements and expanding industrial and commercial sectors.
Infrared Camera Market Restraints
High Cost
- High initial costs, limited awareness among end-users, and regulatory challenges in certain regions are constraining the widespread adoption of infrared cameras, hindering their market potential.
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Infrared Camera Market Competitive Landscape
The global infrared camera market is characterized by intense competition among key players vying for market share. Established companies such as FLIR Systems, Fluke Corporation, and Seek Thermal dominate the market with their technologically advanced and diverse product portfolios. New entrants like Hikvision and Opgal are also gaining traction with innovative offerings. Competition revolves around product performance, resolution, thermal sensitivity, and cost-efficiency. Strategic partnerships, product development, and geographic expansion are central strategies. As industries increasingly adopt infrared technology for various applications including surveillance, thermography, and automotive, the competitive landscape is likely to evolve further, driven by technological advancements and evolving customer demands.
Infrared Camera Market Top Player’s Company Profiles
- FLIR Systems, Inc. - United States
- Fluke Corporation - United States
- Seek Thermal - United States
- ULIS - France
- Raytheon Technologies Corporation - United States
- Testo SE & Co. KGaA - Germany
- Leonardo S.p.A. - Italy
- Axis Communications AB - Sweden
- Hikvision Digital Technology Co., Ltd. - China
- Opgal - Israel
- Xenics - Belgium
- L3Harris Technologies, Inc. - United States
- Sofradir - France
- New Imaging Technologies (NIT) - France
- Raptor Photonics - United Kingdom
- Tonbo Imaging - India
- Nippon Avionics Co., Ltd. (NAC) - Japan
- Princeton Infrared Technologies, Inc. - United States
- Flirtey - United States
- Leonardo DRS - United States
Infrared Camera Market Recent Developments
-
In January 2024, Samsung Electronics introduced the Galaxy S24 Ultra, S24+, and S24, promising new mobile experiences with Galaxy AI. The Galaxy S series means to rethink client strengthening with AI, offering highlights like intelligent text and call interpretations for consistent communication, upgraded creative freedom through the ProVisual Engine, and further developed search abilities for finding the world around them.
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In January 2024, Valeo and Teledyne FLIR, a division of Teledyne Technologies Incorporated, started a strategic partnership to introduce thermal imaging innovation in the automotive area, expecting to further develop road user safety.
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In February 2024, Canon celebrates its 21st consecutive year as the leader in the global interchangeable-lens digital camera market.
Infrared Camera Key Market Trends
- The global infrared camera market is witnessing key trends driven by technological advancements, diverse applications, and increasing awareness of thermal imaging's benefits. Demand is rising across industries like automotive, security, and healthcare, as thermal cameras offer non-contact temperature measurement and enhanced surveillance capabilities. Miniaturization and integration with smartphones are making infrared cameras more accessible to consumers. Furthermore, the market is evolving towards higher resolution and enhanced image processing, enabling better accuracy and detailed analysis. Environmental concerns and energy efficiency mandates are also fostering adoption. As a result, the infrared camera market is poised for sustained growth and innovation.
Infrared Camera Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global infrared camera market is poised for promising growth, driven by increasing applications across various industries such as security, automotive, healthcare, and aerospace. Advancements in technology, including higher resolution sensors, improved thermal sensitivity, and cost-effective manufacturing, will fuel market expansion. As demand for non-destructive testing, surveillance, and thermography rises, the market is likely to experience a significant boost. Additionally, the growing adoption of infrared cameras for predictive maintenance, energy efficiency, and temperature monitoring in industrial settings further enhances market prospects. Overall, the infrared camera market is expected to thrive in the coming years, propelled by evolving technological capabilities and diverse industry applications.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 0.95 billion |
| Market size value in 2031 | USD 1.98 billion |
| Growth Rate | 8.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Infrared Camera Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Infrared Camera Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Infrared Camera Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Infrared Camera Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infrared Camera Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Infrared Camera Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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