Infrared Imaging Market Size 2024-2032 Global Industrial Analysis, Market Share, Top Key Players

Infrared Imaging Market

The global Infrared Imaging market size accrued earnings worth approximately USD 6.78 Billion in 2023 and is predicted to gain revenue of about USD 12.81 Billion by 2032, is set to record a CAGR of nearly 7.32% over the period from 2024 to 2032

Global Infrared Imaging Market: Overview

Infrared imaging is a technique of capturing invisible infrared images and converting it into visible images. Infrared light is not visible to the human eye it needs infrared cameras and imagers. These devices have special sensors and are capable of operating without the requirement of visible light. In infrared imaging technique, targeted objects emit radiations. The imaging devices possess infrared illuminator lasers along with LEDs for illumination purpose. Warm objects emit infrared radiations which are detected by the thermal infrared imagers. These sensor arrays alter infrared signals into electric signals and then convert them into an image. Infrared imaging is widely used in the airports during the eruption of the epidemics, which include swine flu, severe acute respiratory syndrome, and Ebola in order to recognize and screen the passengers with high body temperatures. Infrared imaging offers a night vision option in automobiles.

Global Infrared Imaging Market: Growth Factors

The infrared imaging market will experience higher growth in the near future owing to its increasing adoption by untapped applications. Infrared cameras are used in the military applications, which anticipate fueling the market growth. Technological advancements in the infrared imaging technology along with the availability of the reasonably priced infrared cameras are opening up new gateways for the growth of the market. Infrared cameras are becoming more popular in various applications such as security, firefighting, surveillance, and industrial imaging.

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Global Infrared Imaging Market: Segmentation

The global infrared imaging market is classified based on the wavelength, component, application, and technology. Based on the wavelength, the market is segregated into medium wave infrared imaging (MWIR), shortwave infrared imaging (SWIR), long wave infrared imaging (LWIR), and far wave infrared imaging (FWIR). The component segment is divided into IR detectors, IR lens systems, IR sensors, and others. On the basis of application, the global infrared imaging market is diversified into aerospace & defense, medical, consumer electronics, firefighting, automotive, industrial, and surveillance. The technology segment is categorized as uncooled and cooled.

Global Infrared Imaging Market: Regional Analysis

Asia Pacific is the dominating region for the infrared imaging market due to increasing activities of oil & gas, automotive, and other applications. North American market for infrared imaging will grow tremendously in the coming future owing to its huge share in the market. Constant technological advancements in countries such as Mexico, the U.S., and Canada anticipate driving the market in the North America. Growing inclination of the leading companies in the European region towards infrared imaging is estimated to grow at the highest rate.