Infrared Imaging Market - Forecasts from 2021 to 2026

The Infrared imaging market is evaluated at US$7.447 billion for the year 2019 and is projected to grow at a CAGR of 9.37% to reach a market size of US$13.940 billion by the year 2026. Infrared (IR) imaging is a technique for capturing and transforming invisible infrared light into visible pictures. It needs specialized instruments that detect the invisible IR radiation generated by heated objects and transform the signals into a visual, also known as thermography. In low-light settings, the imaging approach may be utilized to monitor temperature changes in tiny and moving objects while creating crisp thermal images. It finds widespread use in the automotive, aerospace, electronics, military & defense, and oil and gas sectors as a result of these advantages.

The adoption of surveillance and security at a higher level, as well as the rising use of infrared cameras in inspection and quality control, and the popularity of uncooled infrared cameras, are driving the expansion of the infrared imaging market. The infrared imaging industry is being stifled by strict import and export laws, as well as the development of precise cameras. The use of SWIR cameras in new applications is becoming more common. The infrared imaging business is challenged by the high expenses placed on infrared cameras.

Expanding adoption across different industries is propelling the market growth.

One of the major reasons driving the market's expansion is the growing use of infrared cameras in military applications. Infrared imaging is used by the military and defense sectors for surveillance and high-resolution vision in low-light situations. In addition, with the introduction of advanced driver assistance systems (ADAS) and autonomous vehicle (AV) platforms, the need for IR imaging solutions in vehicles has skyrocketed. It detects objects, animals, and humans on the road and alerts the driver to avoid any collisions.

Favorable structural properties will aid market demand.

To protect property and personnel, big businesses use infrared surveillance cameras extensively. As technology advances and infrared security cameras become more inexpensive, these systems are becoming increasingly popular in-home security applications. The human eye cannot detect infrared illumination, yet it is adequate for security cameras to record a recognized image. Furthermore, infrared lighting allows security cameras to produce high-resolution security and surveillance films with practically negligible picture noise throughout the night, which is a necessary need for achieving reduced bit rates, improved image compression, and minimal storage requirements.

Furthermore, technological advancements are expected to drive the market in the coming years, including the development of high-speed cameras with advanced features for evaluating the severity of heat, as well as the production of lightweight, receptive, and more convenient industrial IR imaging devices.

Infrared imaging devices are being widely used in security and surveillance applications to boost the market growth.

Because of its capacity to work in difficult conditions including fog, haze, smoke, and water vapor, infrared cameras are widely employed in security and surveillance. They're particularly well-suited to the military and defense sector, where they've been utilized for human/object movement tracking as well as chemical, biological, radiological, and nuclear (CBRNE) defense detection. Several contracts for the development or delivery of infrared goods for the military & defense sector have been awarded to companies in the infrared imaging business. In addition to security and surveillance, infrared cameras are frequently employed in industrial and commercial structures. They're especially well-suited to temperature measurement since they provide for a safe distance between operators and subjects while also requiring less labor.

Risk reduction application in the manufacturing process to aid market expansion.

The market for infrared imaging will increase as the demand for minimizing risk in the production process grows. Continuous advancements in infrared imaging equipment, such as the capacity to accurately identify abnormalities, are opening up new possibilities in a variety of fields. The gadgets are equipped with cutting-edge technology such as direct mobile device communication and real-time recording, among others.

During the projected period, North America will have the biggest share of the infrared imaging market. One of the key reasons driving the growth of the infrared imaging market in North America is the high demand for infrared imaging devices for security and surveillance applications. The largest demand for infrared imaging cameras for this application comes from the military & defense and civil infrastructure industries. The market for infrared imaging will increase as the demand for minimizing risk in the production process grows. Continuous advancements in infrared imaging equipment, such as the capacity to accurately identify abnormalities, are opening up new possibilities in a variety of fields. The gadgets are equipped with cutting-edge technology such as direct mobile device communication and real-time recording, among others.

Segmentation:

By Camera Type

• Short-wavelength
• Mid-wavelength
• Long-wavelength

By Device Type

• Un-cooled
• Cryogenically cooled

By End-User Industry

• Military and Defense
• Construction
• Manufacturing
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others