Infrared Imaging Market to Surpass US$ 9.7 Billion at a CAGR of 6.7% by 2028

March 22 02:00 2023
Infrared Imaging Market to Surpass US$ 9.7 Billion at a CAGR of 6.7% by 2028
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.

According to the latest report by IMARC Group “Infrared Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, 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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Infrared imaging refers to a technology for capturing infrared energy emitted by various objects and converting them into visible images. This imaging technique, also known as thermography, is used to measure temperature differences in small and moving objects while producing clear thermal images in low-light situations. As a result, infrared imaging is widely adopted across diverse sectors including, automotive, aerospace, electronics, military and defense, and oil and gas.

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Infrared Imaging Market Trends and Drivers:

The increasing adoption of infrared imaging technology in the defense and military sector for security and surveillance purposes is primarily augmenting the market growth. Furthermore, the rising deployment of IR technology in the oil and gas sector for leak detection and fire prevention is also propelling the market. Moreover, the growing investments in the development of autonomous vehicles are further driving the demand for IR technology. With the sudden outbreak of coronavirus infection, IR imaging is being rapidly adopted as a non-invasive solution for monitoring the body temperature over conventional thermometer that may lead to disease transmission. Apart from this, the emergence of high-speed cameras with advanced features for evaluating the severity of heat, coupled with the production of lightweight, receptive, and more convenient industrial IR imaging devices is further expected to drive the market for infrared imaging.

Competitive Landscape:

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.
  • Sofradir
  • Tonbo Imaging Pvt. Ltd.
  • XenICs
  • Zhejiang Dali Technology Co. Ltd.

Breakup by Technology:

  • Cooled Infrared Imaging
  • Uncooled Infrared Imaging

Breakup by Component:

  • IR Detectors
  • IR Lens Systems
  • IR Sensors
  • Others

Breakup by Wavelength:

  • Near Infrared (NIR)
  • Shortwave Infrared (SWIR)
  • Mid-Wave Infrared (MWIR)
  • Long-Wave Infrared (LWIR)
  • Others

Breakup by Application:

  • Security and Surveillance
  • Monitoring and Inspection
    • Condition Monitoring
    • Structural Health Monitoring
    • Quality Control
  • Detection
    • Gas Detection
    • Fire/Flare Detection
    • Body Temperature Measurement

Breakup by Vertical:

  • Industrial
    • Automotive
    • Aerospace
    • Electronics & Semiconductor
    • Oil & Gas
    • Military and Defense
    • Others
  • Non-Industrial

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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