Global Infrared Imaging Market to Hit USD 16.24 Bn by 2035 | CAGR 6.4%

Read more about this report- Global Infrared Imaging Market to Hit USD 16.24 Bn by 2035 | CAGR 6.4%

The Infrared Imaging Market is valued at USD 8.21 Billion in 2024. The Infrared Imaging Market will achieve USD 16.24 Billion by 2035 through a projected 6.4% CAGR from 2025 to 2035.

The main trigger of the adoption of infrared imaging is the rising levels of security worries and the need to have surveillance in the military, defence, and industrial fields. However, high initial costs of infrared imaging equipment restrain broader adoption, especially in price-sensitive markets. In the meantime, there are good prospects of developing infrared in cars for night vision, fire detection, and predictive maintenance, which offers high potential for growth in the future.

Product Type (Cooled and Uncooled), Application (Security and Surveillance, Monitoring and Inspection, Detection), Technology (Cryogenically Cooled and Uncooled), Wavelength (Short-wave, Mid-wave, and Long-wave Infrared), Component (Infrared Detectors and Infrared Cameras), and End-user (Military and Defence, Industrial, Commercial, Medical, and Automotive) are the segments in the infrared imaging market. Aerial applications Uncooled infrared cameras are an important market that is benefiting from cost-effectiveness and may be used more often in commercial and industrial inspection jobs.

Applications of infrared include military surveillance, firefighting, factory inspection, medical diagnostics, and autonomous cars. In the medical diagnostics sector, recent technological advancements such as thermal imaging with AI can be used to identify breast cancer and vascular diseases early on, and this demonstrates an ongoing trend of integrating smart healthcare technologies.

Varied reasons, such as the rise in automation of industries, the rise in awareness of health screening, and investment in border surveillance infrastructure, support the market. In the US, the development of thermal cameras by the Department of Homeland Security on the borders stimulates market growth and the affordability of new infrared technologies.

The infrared imaging industry is supported by 5 geographic regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The faster pace of infrastructure development and urban technologies currently being undertaken in China, as well as the rise in defence expenditure, is already causing more infrared technologies to be incorporated into the field of public safety and industrial applications.

The players in the infrared imaging industry who are strategic to the industry include FLIR Systems (part of Teledyne), Leonardo DRS, Axis Communications, Lynred, and Raytheon Technologies. The companies affect the dynamics of the market by constantly developing new uncooled detectors and AI-assisted thermal analytics and expanding their product range to automotive, medical, and industrial markets.