According to the latest report by IMARC Group “Infrared Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global infrared imaging market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during 2021-2026.

Infrared imaging is a technology that converts infrared light released by various objects into visible images. This imaging technology, also known as thermography, is used in low-light circumstances to monitor temperature changes in small and moving objects while providing clear thermal images. As a result, infrared imaging is widely used in a variety of industries such as automotive, aircraft, electronics, military and defense, and oil and gas.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends

The growing use of infrared imaging technologies in the defense and military sectors for security and surveillance is largely driving market expansion. Furthermore, the increasing use of infrared technology in the oil and gas industry for leak detection and fire prevention is boosting the market. Furthermore, rising investments in the development of self-driving cars are pushing up demand for IR technology. With the recent outbreak of coronavirus infection, infrared imaging is quickly being used as a non-invasive alternative to conventional thermometers, which may lead to disease transmission. Aside from that, the development of high-speed cameras with sophisticated features for assessing the severity of heat, as well as the manufacturing of lightweight, responsive, and more convenient industrial IR imaging devices, is likely to drive the infrared imaging market.

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 AB (AXIS.ST)
  • Cox Communications
  • Episensors Inc.
  • FLIR Systems, Inc. (FLIR)
  • Fluke Corporation
  • L3 Technologies Inc. (LLL)
  • OPGAL Optronics Industries Ltd
  • Princeton Infrared TechnologiesInc. (PIRT)
  • 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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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